The state has received MVR 160 million in dividends from state-owned enterprises (SOE) so far in 2026.

According to statistics from the Ministry of Finance and Public Enterprises, this is a 36 percent drop compared to 2025. Last year saw the state receive MVR 258 million in SOE profits in the same time frame.

The 2026 state budget determined that the state would receive MVR 552 million in dividends. As of yet, they have received 30 percent of what has been stated in the budget. That amount has dropped by 70 percent compared to 2024. 

One of the main reasons revenue dividends drop is because of a lack of profits from companies.

The budget estimated that the state would receive MVR 769 million in profit and interest via dividends and other sources. This is a 7 percent reduction compared to last year's estimation. 

The state received MVR 823 million from dividends and profits last year. The year before that, the state had received MVR 1.1 billion. This is a steep drop in SOE revenue to the state.

While there are 30 SOEs that have government shares, there will only be an estimated six companies that will generate dividend revenue for the government this year. They are Maldives Ports Limited (MPL), Maldives Airports Company Limited (MACL), Dhiraagu, Bank of Maldives (BML), Housing Development Corporation (HDC) and Malé Water and Sewerage Company (MWSC). It is estimated that Dhiraagu will generate the highest revenue with MVR 262 million. The second highest revenue is estimated to be generated from BML with MVR 154 million. The budget states that they are to receive MVR 50 million from MACL, MVR 30 million from MWSC, MVR 20 million from HDC and MVR 12 million from MPL in dividends.

The only SOEs that generated dividend revenues last year were Dhiraagu, BML and HDC.