Ooredoo Maldives has announced it generated a net profit of MVR 180.3 million in the third quarter of this year – marking an eight percent increase from the same period last year.
The Q3 2025 quarterly report released by Ooredoo on Friday shows the telecom company generated a gross revenue of MVR 549.2 million during the quarter. It marks a 0.9 percent increase from the same period last year, and a 1.8 percent increase compared to the previous quarter.
The company posted a net profit of MVR 180.3 million, marking a profit margin of 32.8 percent.
The biggest revenue generator for Ooredoo during the period was from its mobile service, with MVR 404.8 million.
Total revenue: MVR 549.2 million
Mobile revenue: MVR 404.8 million
Fixed, Broadband and Enterprise: MVR 143.8 million
Other: MVR 557,000
Ooredoo rolled out new products, expanded services, and conducted new promotions and other commercial activities, and also received key awards during Q3. This includes:
The rollout of SuperNet Fibre Broadband services in B. Thulhaadhoo and ADh. Hangnameedhoo
Introduction of Home Assets Insurance
The landing of a submarine cable at Waldorf Astoria Maldives Ithaafushi, positioning it as Maldives’ first private 5G-enabled resort
Mas Race 2025 in K. Huraa, and the launch of a Mas Race digital game on the company’s mobile app
National Award of Recognition for Business and Economic Development, Bronze Stevie Award for Employer of the Year – Telecommunications, Ran Fanara Award
The company also launched the #LiveUnlimited campaign in Q3 to celebrate the company’s 20th anniversary. The campaign rewards 19 customers with an umrah trip every 20 days, culminating in a grand hajj trip for two for the 20th winner.