The State Trading Organisation has approved a dividend distribution of USD 5.51 per share following a year in which the state-owned enterprise recorded more than USD 1 billion in revenue and nearly USD 50 million in net profit.
The decision was approved through a shareholder vote during the company’s Annual General Meeting held on Saturday evening at dusitD2 Feydhoo Maldives. The meeting also marked a milestone for the company, commemorating 25 years since STO first opened its shares to the public.
According to the company, the approved dividend represents the highest shareholder payout in recent years. Last year, shareholders received a distribution of USD 5.19 per share.
Financial figures presented at the meeting showed STO generated USD 1.01 billion in revenue during the 2025 financial year, while securing a net profit of USD 49.49 million.
A total of 263 shareholders participated in the AGM, including 176 shareholders attending in person and 87 represented by proxy.
During the meeting, shareholders also approved the minutes of the 2024 AGM, the audited financial statements for 2025, and the directors’ report. International auditing firm Ernst & Young was appointed as the company’s external auditor for the upcoming financial year.
In addition, shareholders elected Mohamed Ahsan Saleem as the representative for general shareholders on STO’s board.
Speaking at the AGM, STO Managing Director Shimad Ibrahim said the company’s consistent and sustainable business operations over the past six decades have enabled shareholders to receive strong returns on their investments.
Shimad noted that those who purchased STO shares during the company’s initial public offering have seen their capital grow by around 500 percent, adding that STO’s investments remain resilient against inflation.
The company also highlighted that it is currently operating under a five-year strategic action plan, with further business expansion and increased profitability identified as key priorities for the coming years.