Ooredoo Maldives has announced a robust financial and operational performance for the second quarter of 2025, underpinned by sustained profitability, digital innovations, and community-driven initiatives that solidify its position as a telecommunications and digital services leader in the country.
Steady Financial Performance
For the period ending 30 June 2025, Ooredoo Maldives recorded a net profit of MVR 167.9 million, up slightly from MVR 166.9 million in Q1. The company achieved a profit margin of 31.1% on gross revenue of MVR 539.5 million, representing a modest quarter-on-quarter decrease of 1.3% and a year-on-year decline of just 0.2%. Operating expenses were efficiently managed at MVR 341.1 million, while earnings per share rose to MVR 1.15 from MVR 1.14 in the previous quarter.
Total assets climbed to MVR 4.82 billion, up from MVR 4.73 billion in Q1. Market capitalization also saw significant growth, reaching MVR 12.56 billion as share prices peaked at MVR 90 during the quarter.
Technological Firsts and Customer-Centric Innovation
A standout highlight was Ooredoo becoming the first telecom provider in the Maldives to launch cellular eSIM support for Apple Watch and Samsung wearables, empowering users with seamless, device-independent connectivity. This advancement marks a significant leap in wearable tech adoption and reaffirms the company’s innovation leadership.
Complementing this, Ooredoo launched the Smart(er) Home initiative, bundling smart devices with broadband services to offer an enhanced connected living experience. New postpaid add-ons, data-rich “Magey” weekend offers, and the “Marhaba” plan tailored for expatriates reflect the company’s drive to cater to diverse user needs.
Deepening Community Engagement
Ooredoo continued its tradition of community-focused initiatives through events like the Ooredoo Fun Run 2025 in Addu City, drawing over 3,000 participants in a vibrant celebration of wellness and unity. The telecom giant also partnered with the Maldives Marketing and Public Relations Corporation (MMPRC) to globally promote the “Visit Maldives” campaign across Ooredoo’s nine-country footprint.
In a striking global showcase, Ooredoo set a Guinness World Record by hosting the world’s largest underwater panel discussion in B. Fulhadhoo, reinforcing its commitment to innovation, sustainability, and national pride.
Corporate Social Responsibility and Sponsorships
Ooredoo’s CSR programs spanned digital literacy workshops for the elderly, medical kit donations, tree-planting drives under the “Grow with Ooredoo” campaign, and road safety advocacy through the “Rakka” initiative in partnership with Maldives Police Service. Children’s Day and Eid celebrations were marked with numerous island-wide events and cultural festivities, including support for local sports and youth development through football and basketball tournaments.
Awards and Recognition
The company was named “Telco of the Year – Small Markets” at the Twimbit Telecom Awards 2025 for the second consecutive year, recognizing its leadership in 5G deployment, fintech innovation through m-Faisaa, and AI-driven services. It also secured the Best Investor Relations Company Maldives 2025 award from Global Banking & Finance Review, a testament to its transparency and shareholder engagement.
Looking Ahead
Backed by a strong governance framework and a motivated workforce, Ooredoo Maldives remains committed to delivering shareholder value, enriching lives through cutting-edge digital services, and driving inclusive national progress. With continued investment in technology, infrastructure, and human capital, the company is poised to lead the next chapter of digital transformation in the Maldives.
For more information, visit ooredoo.mv.
