State Trading Organization (STO) has posted a significant profit increase in the third quarter of 2025, driven by higher fuel sales and reduced expenses.
STO released its third quarter 2025 financial results on October 30, showing total revenue of MVR 3.8 billion an 8% rise from the previous quarter. The company attributed this growth mainly to stronger performance in its fuel business and higher sales volumes.
Gross profit climbed to MVR 604 million, up 5% from the last quarter. STO also saw improvements across other business segments. Operational expenses dropped from MVR 367 million to MVR 358 million after lease and expense reclassifications, helping operating profit surge 23% to MVR 290 million.
After taxes, net profit stood at MVR 186 million, marking a 14% quarter-on-quarter increase.
