State Trading Organization has reported solid financial results for the fourth quarter of 2025, reflecting broad-based growth across its core business segments and improved profitability.
According to the financial statements published on the company’s website on January 30, 2026, STO generated total revenue of MVR 4.1 billion during the fourth quarter, representing an 8 percent increase compared to the previous quarter. The revenue growth was driven by improved performance across all sectors, underscoring steady demand and operational momentum toward the end of the year.
Fuel sales revenue rose by 4 percent during the quarter, while non-fuel business segments recorded a much stronger expansion, with revenue climbing by 19 percent. As a result of the higher turnover, gross profit increased to MVR 671 million, marking an 11 percent rise quarter-on-quarter.
Operating performance also strengthened, with operating profit reaching MVR 322 million, up 11 percent from the preceding quarter. Lower financing costs further supported the bottom line, pushing net profit before tax to MVR 276 million, a 20 percent increase compared to the previous quarter. After accounting for taxes, net profit for the fourth quarter stood at MVR 244 million.
The strong quarterly showing capped a resilient financial year for STO. Total revenue for 2025 reached MVR 15.5 billion, an increase of MVR 98 million compared to the previous year. Profitability improved in tandem, with net profit before tax amounting to MVR 910 million for the year.
Net profit after tax for 2025 was recorded at MVR 762 million, reflecting a 3 percent year-on-year increase. The results highlight STO’s ability to sustain earnings growth amid cost pressures, supported by diversified revenue streams and tighter financial management.
The company’s latest performance reinforces its role as a key contributor to the Maldivian economy, particularly in essential sectors such as fuel supply, trading, and logistics, while signaling stable financial footing heading into 2026.
