The State Trading Organization (STO) recorded a total revenue of MVR 16.6 billion last year, resulting in a net profit of MVR 785 million after taxes and expenses, according to the company’s annual report for 2025.
The past year proved financially successful for both STO and the majority of its subsidiaries. While the group's overall revenue and operating profit saw a slight decline compared to the previous year, the net profit showed an upward trend.
STO reported increases across all key financial indicators, with revenue reaching MVR 15.5 billion, operating profit at MVR 1.1 billion, and net profit totaling MVR 763 million.
Consistent with previous years, the energy sector remained the largest contributor to STO’s revenue. The company generated MVR 11.7 billion from fuel sales; however, due to a reduction in fuel prices during the year, revenue from this segment saw a three percent decrease compared to the previous year.
STO Revenue Breakdown by Segment
- Energy: MVR 11.6 billion
- Trading: MVR 3.3 billion
- Insurance: MVR 875 million
- Shipping: MVR 409 million
- Gas: MVR 291 million
- Other: MVR 30 million
In a shift from the previous year, STO reduced its investments in government securities. While the company’s investment in Treasury bills (T-bills) stood at MVR 2 billion in 2024, this figure decreased to MVR 1.2 billion by the end of last year.
