Ooredoo Maldives has announced a robust financial performance for the third quarter of 2025, with total revenue climbing to MVR 549.2 million, marking a 0.9 percent year-on-year and 1.8 percent quarter-on-quarter increase. The telecommunications leader posted a net profit of MVR 180.3 million, maintaining a solid profit margin of 32.8 percent.
Steady Financial Growth and Shareholder Value
The company’s earnings per share rose to MVR 1.22 from MVR 1.15 in the previous quarter, while net assets per share increased to MVR 12.87. Ooredoo’s balance sheet reflected total assets of MVR 4.96 billion, with cash flow per share improving to MVR 12.39. The market capitalization at the end of September stood at MVR 12.56 billion, underscoring continued investor confidence.
Strategic Expansion and Technological Milestones
During the quarter, Ooredoo Maldives expanded its SuperNet Fibre Broadband network to B. Thulhaadhoo and ADh. Hangnaameedhoo, extending high-speed connectivity to more households and businesses. The company also achieved a major milestone with the successful landing of a submarine cable at Waldorf Astoria Maldives Ithaafushi, making it the nation’s first private 5G-enabled resort.
In alignment with its “Digital Maldives” vision, Ooredoo introduced complimentary home insurance through Amana Takaful for SuperNet customers and rolled out 5G AirFibre device offers, reinforcing its strategy to deliver integrated digital solutions across the country.
Innovative Digital Services and Engagement Initiatives
Ooredoo continued enhancing its digital ecosystem with new SuperApp features, including Card Save and Autopay, enabling secure and seamless transactions. The company also partnered with “Myuze” to launch a collection of local podcasts and audiobooks, expanding its digital lifestyle offerings.
Its flagship “Mas Race” transitioned to the digital sphere, attracting over 22,000 participants who collectively caught more than seven million virtual fish, demonstrating Ooredoo’s ability to merge Maldivian culture with technology.
Community Development and CSR Commitments
As part of its Corporate Social Responsibility initiatives, Ooredoo donated essential health kits to K. Huraa island and conducted “Grow with Ooredoo” tree-planting sessions in N. Velidhoo and HDh. Kulhudhuffushi. The ongoing “Rakka” campaign, conducted with the Maldives Police Service, continued promoting nationwide road safety awareness.
Sponsorships and Partnerships
The company actively supported local institutions and communities, sponsoring the Villa College Medal and Industry Prize for MSc IT graduates and partnering with the Ministry of Economic Development and Alibaba Group to empower Maldivian entrepreneurs. Ooredoo also served as the digital partner for various community and sports events, including the Construction Industry Forum 2025, HDh. Kulhudhuffushi 5km Run, and multiple futsal tournaments across the atolls.
Awards and Recognition
Ooredoo Maldives received the National Award of Recognition for Business and Economic Development and the “Ran Fanara” Award from the Maldives Inland Revenue Authority, recognizing the company as one of the top 15 taxpayers in the country. It also secured the Bronze Stevie Award for Employer of the Year in Telecommunications at the 2025 Asia-Pacific Stevie Awards.
Employee Engagement and Governance
Marking its 20th anniversary, the company hosted an employee carnival, fitness challenges, and participated in the Maldives Half Marathon 2025, emphasizing well-being and teamwork. Ooredoo’s board, chaired by Fatima Sultan Al-Kuwari and led by CEO Khalid Hassan M. A. Al-Hamadi, reported full compliance with governance regulations and no penalties or irregularities during the quarter.
Summary:
Ooredoo Maldives closed Q3 2025 with steady revenue growth, strong profitability, and major advancements in digital infrastructure. Through strategic innovation, community engagement, and consistent governance, the company continues to position itself as a driving force in the Maldives’ digital and economic transformation.
