STO Reports MVR 218 Million Net Profit in Q4 2024

State Trading Organization (STO) plc has reported a net profit of MVR 218 million for the fourth quarter of 2024, with total revenue reaching MVR 3.84 billion. The company’s latest financial results reflect a steady performance, with fuel sales continuing to dominate its revenue stream.

According to STO’s financial statements, operating profit for the quarter stood at MVR 299.8 million, while earnings per share reached MVR 194. The company’s net asset value per share was recorded at MVR 4,375.

- Advertisement -

STO’s revenue composition remained heavily reliant on fuel sales, accounting for 73 per cent of total revenue, while non-fuel revenue made up the remaining 27 per cent. Total expenses for the quarter amounted to MVR 373 million.

Key financial indicators for Q4 2024 also included a debt service cover ratio of 0.88, a debt-to-equity ratio of 1.78, and an interest service cover ratio of 2.46. The company’s reserves stood at MVR 4.85 billion, with a net worth of MVR 4.93 billion.

In terms of liquidity and financial strength, STO recorded an asset cover of 2.09, and cash flow per share for the quarter was MVR 189. The company’s total assets amounted to MVR 13.71 billion, with total equity valued at MVR 4.93 billion.

The financial performance for the quarter is detailed in STO’s income statement, balance sheet, and cash flow statement, reflecting the company’s continued focus on maintaining stability across its operations.

- Advertisement -