Ooredoo Maldives has reported a net profit of USD 10.8 million in the first quarter of the year.
According to the telecommunication giant’s quarterly report, the net profit achieved in the first three months of 2025 is 2.5 percent better than the USD 10.5 million during the same quarter last year.
The main revenue generators for Ooredoo during the quarter were from its mobile and fixed and broadband internet services.
Ooredoo posted revenue of USD 26.7 million from mobile services in the first quarter of this year. Last year, the company earned USD 27.9 million from mobile services.
Despite the decline in mobile services revenue, fixed broadband revenue increased by eight percent during the quarter with USD 8.8 million. In the first quarter of 2024, Ooredoo posted a fixed broadband revenue of USD 8 million.
Ooredoo closed the quarter with a gross revenue of USD 35.5 million reflecting a 1.3 percent decrease compared to the same quarter of 2024.
During the quarter Ooredoo Maldives expanded its 5G network covering 80 percent of the population. This expansion is part of the company’s strategy to support the Maldives’ digital transformation by enhancing connectivity, driving innovation, and user experience.
Additionally, it also launched the country’s first eSIM-enabled wearable service with Samsung smartwatches. This innovation allows users to stay connected and access essential functions like calls and messages directly from their smartwatch, providing a hasslefree experience and greater convenience.