STO Revenue Surges 33 Percent in First Quarter of 2026

STO reported strong Q1 2026 financial results on April 22, with revenue of MVR 5.5 billion, a 33% increase from Q4 2025. Growth is attributed to higher global oil prices due to Middle East tensions and increased fuel demand. Fuel sales volume rose 27%. Gross profit reached MVR 785 million (+17%), operating profit MVR 368 million (+14%), and net profit before tax MVR 331 million, helped by lower financing costs.

STO reported strong Q1 2026 financial results on April 22, with revenue of MVR 5.5 billion, a 33% increase from Q4 2025. Growth is attributed to higher global oil prices due to Middle East tensions and increased fuel demand. Fuel sales volume rose 27%. Gross profit reached MVR 785 million (+17%), operating profit MVR 368 million (+14%), and net profit before tax MVR 331 million, helped by lower financing costs.

STO reported strong Q1 2026 financial results on April 22, with revenue of MVR 5.5 billion, a 33% increase from Q4 2025. Growth is attributed to higher global oil prices due to Middle East tensions and increased fuel demand. Fuel sales volume rose 27%. Gross profit reached MVR 785 million (+17%), operating profit MVR 368 million (+14%), and net profit before tax MVR 331 million, helped by lower financing costs.

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