Dhiraagu’s 37th Annual General Meeting has underscored a year of steady financial performance, sustained shareholder value, and continued long-term investment in the Maldives’ digital future, reflecting the company’s consistent focus on strengthening its role as a key enabler of national connectivity and innovation. Held in a hybrid format in Malé, the meeting brought together 265 shareholders, with votes cast electronically through an online system, and shareholders representing more than 74 million shares approved all proposed resolutions, including the audited financial statements, dividend distribution, and the appointment of an external auditor for the upcoming financial year.
One of the most significant outcomes of the meeting was the approval of a final dividend of MVR 8.70 per share for the 2025 financial year. This brings total shareholder returns for the year in line with the previous period, demonstrating continuity in Dhiraagu’s dividend policy and its commitment to delivering value to shareholders while maintaining a prudent and forward-looking investment strategy. The approved payout includes the interim dividend distributed earlier during the year together with the final dividend endorsed at the AGM, reinforcing confidence in the company’s stable financial position.
Dhiraagu reported revenue of MVR 2.8 billion for 2025, representing a 1.8 per cent increase compared to the previous year, while earnings before interest, tax, depreciation and amortisation rose by 1.9 per cent to MVR 1.6 billion. Net profit reached MVR 949 million, reflecting an increase of 0.4 per cent. The company’s performance was supported by continued growth across its mobile services, fixed broadband services, and enterprise solutions, illustrating the resilience of Dhiraagu’s business model and the importance of digital services across households, businesses, and institutions throughout the Maldives.
Beyond the financial results, the AGM highlighted Dhiraagu’s ongoing efforts to strengthen the Maldives’ digital ecosystem through strategic infrastructure development and advanced service expansion. During the year, the company brought the Maldives’ first Tier IV certified data centre into operation, marking an important step in enhancing the country’s technological capability, resilience, and data security standards. Dhiraagu also expanded infrastructure development in the atolls, including in N. Velidhoo, further supporting equitable digital access and broader economic participation across the country.
A particularly noteworthy milestone for the year was Dhiraagu’s achievement of nationwide fibre-to-the-home coverage across all inhabited islands of the Maldives. This accomplishment places the country among a select group of nations globally to reach full fibre connectivity at a national level. The development carries broad significance for the Maldives, not only in improving the quality and reliability of internet services for communities across the islands, but also in creating stronger foundations for digital public services, remote work, online education, healthcare access, entrepreneurship, tourism support services, and wider economic diversification.
Dhiraagu also continued to strengthen the Maldives’ international connectivity framework through its participation in the SEA-ME-WE 6 submarine cable system and collaboration on the Dhivaru subsea cable project. These investments are expected to enhance network redundancy, improve international data resilience, and support the long-term development of the Maldives as a more robust connectivity hub, particularly with the growing strategic importance of Addu City. Such initiatives reflect Dhiraagu’s wider vision of supporting national development through infrastructure that is both future-ready and internationally competitive.
On the service front, the company continued expanding its fibre broadband offerings and the rollout of 5G services, while also growing its portfolio of digital platforms in areas such as cloud services, cybersecurity, and mobile financial solutions. These developments indicate Dhiraagu’s broader transformation from a traditional telecommunications provider into a more comprehensive digital solutions company capable of serving the evolving needs of consumers, businesses, and public institutions in an increasingly technology-driven environment.
The AGM also recorded an important governance outcome with the election of Asiath Rilweena as a Public Director to Dhiraagu’s Board. Her appointment, which extends until the conclusion of the company’s 39th Annual General Meeting, forms part of the company’s continued commitment to sound corporate governance, institutional accountability, and balanced board representation.
Overall, the outcomes of Dhiraagu’s 37th Annual General Meeting reflect a company advancing with stability, discipline, and clarity of purpose. While its financial growth in 2025 remained measured, the company continued to deliver dependable returns to shareholders while investing in digital infrastructure that will support the Maldives’ long-term development. For global observers, Dhiraagu’s progress presents the image of a mature and strategically focused telecommunications company contributing not only to business growth, but also to the broader transformation of an island nation into a more connected, digitally empowered, and internationally competitive economy.
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