Dhiraagu’s latest shareholder meeting points to a year of measured financial growth alongside continued investment in national digital infrastructure, with shareholders approving dividends and key governance decisions at the company’s 37th Annual General Meeting.
The meeting, held in a hybrid format in Malé, saw participation from 265 shareholders, with votes cast electronically through an online system. Shareholders representing over 74 million shares approved all proposed resolutions, including the audited financial statements, dividend distribution, and the appointment of an external auditor for the upcoming financial year.
A key outcome of the meeting was the approval of a final dividend of MVR 8.70 per share for 2025. This brings total shareholder returns for the year in line with the previous period, reflecting continuity in dividend policy despite relatively modest earnings growth. The payout includes an interim dividend already distributed during the year and a final component approved at the meeting.
Financially, Dhiraagu reported revenue of MVR 2.8 billion for 2025, marking a 1.8% increase compared to the previous year. Earnings before interest, tax, depreciation and amortisation rose by 1.9% to MVR 1.6 billion, while net profit reached MVR 949 million, up by 0.4%. The performance was supported by growth across mobile services, fixed broadband, and enterprise solutions.
Beyond financial metrics, the company’s operational direction continues to centre on expanding digital infrastructure and services. During the year, Dhiraagu brought into operation the Maldives’ first Tier IV certified data centre and extended infrastructure in the atolls, including facilities in N. Velidhoo. It also reported achieving nationwide fibre-to-the-home coverage across all inhabited islands, placing the Maldives among a limited number of countries with full fibre connectivity.
Investments were also directed towards strengthening international connectivity, including participation in the SEA-ME-WE 6 submarine cable system and collaboration on the Dhivaru subsea cable project. These initiatives are positioned to enhance redundancy and support the development of a connectivity hub in Addu City.
On the service side, Dhiraagu expanded its fibre broadband offerings and continued the rollout of 5G services, while growing its digital platforms in areas such as cloud services, cybersecurity, and mobile financial solutions.
Governance changes at the meeting included the election of Asiath Rilweena as a Public Director to the Board, with a term extending until the conclusion of the company’s 39th Annual General Meeting.
The outcomes of the AGM reflect a balance between maintaining shareholder returns and continuing infrastructure investment, with the company signalling a steady, incremental approach to growth rather than a shift in strategic direction.
