STO Raises Dividend Payout to MVR 85 per Share
STO held their AGM last night | Photo: STO
The State Trading Organization (STO) has approved a dividend payout of MVR 85 per share from its 2025 profits, increasing the payout after two consecutive years of maintaining dividends at MVR 80 per share.
The dividend was approved during the company’s Annual General Meeting (AGM) held on Saturday, where 99 percent of represented shareholders voted in favour of the proposal.
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According to STO, 263 shareholders were represented at the meeting, including 176 who attended in person while the remaining shareholders participated through proxy representation.
The company also shared its financial performance for the first quarter of 2026 during the meeting, reporting a net profit of MVR 276 million.
STO said revenue for the quarter rose by 33 percent compared to the same period last year, increasing from MVR 4.14 billion to MVR 5.49 billion.
Operating profit for the quarter stood at MVR 368 million, compared to MVR 322 million in the corresponding quarter of 2025, marking a 14 percent increase.
Net profit also increased by 13 percent year-on-year, rising from MVR 244 million to MVR 276 million.
