State Trading Organization (STO) reported a net profit after tax of MVR 163 million for Q2 2025, a 10 per cent increase year-on-year, with total revenue of MVR 3.6 billion for the quarter. The company attributed the quarterly revenue drop mainly to changes in global oil prices and lower oil demand, while non-oil revenue rose six per cent.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The results, published on the company’s website on Wednesday, show net profit before tax stood at MVR 198 million.
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State Trading Organization (STO) has reported a net profit after tax of MVR 163 million for the second quarter of 2025, a 10 per cent increase compared with the same period last year.
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After tax, net profit rose from MVR 147.9 million in the second quarter of 2024.
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up 10 per cent from last year but 12 per cent lower than first-quarter revenue
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12 per cent lower than first-quarter revenue
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