We have officially opened the newly designed first floor of our flagship STO People’s Choice outlet in Malé. This major expansion marks a new chapter for the retail hub, significantly boosting the shopping experience for our customers.

The newly upgraded floor is now open to the public during standard showroom hours. Visitors can explore the comprehensive new product lines immediately.

STO opens new floor at People’s Choice Malé outlet

The new space features an expanded, curated layout for home decor and improvement essentials

We have officially marked a major milestone under our #EVOLVE2030 roadmap with the foundation concrete pouring ceremony for our upcoming new Multi-Story Warehouse in Hulhumalé.

This state-of-the-art facility is strategically engineered to enhance national supply chain logistics. Key features of the new multi-story warehouse include:

This project represents a significant step forward in our commitment to national development. By optimizing our storage infrastructure, we will directly lower operational costs and streamline supply chains. Ultimately, this ensures that essential goods reach every corner of the Maldives with greater efficiency.

STO lays foundation for a new multi-story warehouse in Hulhumalé

This major project will optimize our storage infrastructure, lower operational costs, and help ensure efficient distribution of essential goods across the Maldives

State Trading Organization plc successfully held its Annual General Meeting for 2025 at dusitD2 Feydhoo. The event gathered 263 shareholders, with 176 attending in person and 87 participating via proxy.

During the meeting, shareholders officially approved a dividend of MVR 85 per share for the financial year 2025. Additionally, Mr. Mohamed Ahsan Saleem was re-elected to the STO Board to represent public shareholders for the 2026–2027 term and Ernst & Young was appointed as the External Auditors for the year 2026.

STO shareholders approve MVR 85 dividend at 2025 AGM

The meeting was held at dusitD2 Feydhoo with the participation of 263 shareholders—176 attending in person and 87 represented by proxy

STO's 2025 Annual Report has been published. This report outlines the strategic challenges navigated over the past year while highlighting the significant milestones and progress achieved across our operations.

Annual Report 2025

Assistant Technical Superintendent - Logistics

Assistant Marine Superintendent - Logistics

Transfer of retail pharmacies and related pharmaceuticals and consumables business to State Pharmaceutical and Medical Supply Corporation Ltd

Informal Shareholders Meeting 2026

Publication of AGM 2025 Minutes

First Quarter Report 2026

Basic food items are the main foods essential for human growth and maintaining good health. This is considered one of the most important aspects of human life.

Under the government's policy to ensure basic food items used for consumption are available to the general public at affordable prices, 23 items have been added to the designated list of basic food staples (in addition to rice, sugar, and flour). These items have been released to the market and sales commenced on October 15, 2025.

All these items will be available at the STO Wholesale Center and STO People's Choice.

The following table lists the items now available for sale:

Important Notes on Pricing and Operations:

STO's aim is to ensure that healthy food items are always available to the citizens at reasonable prices13.

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