Dhiraagu, the Maldives' leading telecommunications provider, announced a robust increase in its third-quarter revenue for 2025, reaching USD 46.2 million.
This marks a 3.2 percent rise compared to the same period last year, according to the company's latest financial statements. The growth was primarily propelled by a strong performance in mobile services, though the company saw a slight decline in fixed broadband revenue, and overall profits experienced a downturn.
The company generates its revenue from key segments including mobile services, fixed line, broadband internet, and enterprise businesses. For the third quarter of 2025, mobile services proved to be a significant growth driver, contributing USD 24.3 million, a three percent increase from USD 23.5 million in the same quarter of 2024.
However, the fixed broadband sector experienced a minor contraction, generating USD 19.6 million, a 0.9 percent decrease from USD 19.8 million recorded in last year's third quarter.
Despite the positive top-line growth, Dhiraagu's profitability for the quarter saw a decline. Net profit before tax stood at USD 17.4 million, a 4.9 percent decrease from USD 18.3 million in quarter three of 2024. Similarly, net profit after tax fell by 4.5 percent, settling at USD 14.9 million compared to USD 15.6 million in the same period last year.
Dhiraagu reiterated its commitment to enriching lives through innovation and its pivotal role in the Maldives' digital transformation. For 37 years, the company has dedicated itself to empowering individuals, businesses, and communities by delivering reliable and advanced solutions across the archipelago.