All profits stem from five state owned companies

Statistics have shown that while government owned company 2025 Q2 profits have hit MVR 1.3 billion, around 98 percent of that profit stems from just five companies.

As per PCB's statistics, last year's Q2 company profits were at MVR 1.4 billion. This year sees an MVR 100 million or a four percent drop in the same time frame.

35 percent of the 2025 Q2 profits is from BML, which is the highest percentage. They made MVR 449 million in profits in Q2. HDC has the second highest profit, with MVR 277 million. Dhiraagu has the third highest profit, with MVR 240 million.

Looking at government owned companies, 98 percent of their profit is shared between BML, HDC, Dhiraagu, MACL and STO:

This comes to a total of MVR 1.27 billion.

Total company revenue hit MVR 12 billion last year, with STO's revenue being the highest at MVR 3.5 billion. MACL had the second highest revenue at MVR 1.3 billion. BML had the third highest at MVR 1.1 billion. Q2 of 2025 sees HDC revenue at MVR 887 million.

13 out of the 30 government owned companies are observing losses in Q2.

The government owned company with the most losses in Q2 is MTCC, with a loss of MVR 54 million. This is a 230 percent drop compared to last year's Q2. The company with the second most losses is RDC, with a loss of MVR 51 million. MMPRC is the company right after that with a loss of MVR 30 million.

MACL is the company that spends the most on their employees. The company spends MVR 270 million on employee salaries. Behind MACL, Fenaka is second when it comes to spending on their employees, with MVR 238 million being spent on employee salaries. MTCC is third in employee spending, with MVR 177 million being spent on employee salaries.

Statistics show that while company profits have fallen in Q2, expenditure has increased.