Ooredoo Maldives closed the second quarter of 2025 with a net profit of MVR 167.9 million, maintaining its profit margin at 31.1 percent despite a slight dip in gross revenue compared to the previous quarter. The company reported MVR 539.5 million in revenue during the quarter, a 1.3 percent decline quarter-on-quarter and a marginal 0.2 percent decrease from Q2 2024.
Financially, the company remains in a strong position. Cash flow from operations surged to MVR 269.6 million, a significant rebound from MVR 14.4 million in the first quarter. This helped raise the company’s cash reserves to MVR 1.68 billion by the end of June, up from MVR 1.52 billion three months prior. Earnings per share stood at MVR 1.15 for the quarter, with no new dividends declared.
The second quarter saw a focus on innovation and digital lifestyle services, with the introduction of eSIM support for Apple and Samsung wearables positioning Ooredoo as the first provider in the Maldives to offer standalone connectivity on smartwatches. The new “Marhaba” prepaid plan tailored for expatriate workers and the expansion of the “Smart(er) Home” broadband initiative reflect the company’s efforts to target niche markets and everyday use cases.
Ooredoo also cemented its brand presence through culturally attuned marketing campaigns, such as Eid Al-Adha offers and a Star Wars-themed promotion, alongside large-scale community engagement events. Over 3,000 participants took part in the Ooredoo Fun Run in Addu City, and the company made global headlines by hosting the world’s largest underwater panel discussion in B. Fulhadhoo.
Strategic partnerships further highlighted Ooredoo’s commitment to national development. A key collaboration with the Maldives Marketing and Public Relations Corporation (Now Visit Maldives Corporation Limited) aims to amplify the “Visit Maldives” brand internationally by leveraging Ooredoo’s global customer base of over 147 million. The company also continued its corporate social responsibility efforts with tree planting drives, health kit donations, and digital literacy programmes for the elderly.
Recognition came in the form of international accolades, with Ooredoo Maldives named “Telco of the Year – Small Markets” at the Twimbit Telecom Awards for the second year in a row and awarded “Best Investor Relations Company Maldives 2025” by the Global Banking & Finance Review.
As the company marks two decades in the Maldives, it has paired stable financial performance with a broad suite of digital innovations and a strong focus on social impact. With no dividend payout this quarter and a continued emphasis on reinvestment, Ooredoo appears poised to sustain its growth trajectory while deepening its local engagement.
