Govt dividend revenue falls 25% as SOE profits decline
Budget figures also show that the government has provided MVR 903 million in capital to state-owned companies so far this year.
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Government revenue from dividends paid by state-owned companies has fallen by about 25% compared with the same period last year, as profits at government-owned companies declined.
According to the latest government revenue and expenditure figures published by the Ministry of Finance, the state had received MVR 483.2 million in dividend income from companies in which it holds shares as of 1 October.
This was MVR 166 million lower than the MVR 649 million received during the corresponding period last year, representing a decline of about 25.6%.
The 2026 state budget approved by Parliament estimates MVR 552.3 million in dividend revenue for the year. The MVR 483.2 million received so far represents about 87% of the annual projection.
Budget figures also show that the government has provided MVR 903 million in capital to state-owned companies so far this year.
A total of MVR 930 million was budgeted for capital contributions to government-owned companies in 2026, meaning about 97% of the allocation has been provided.
The government holds shares in more than 30 companies. Many state-owned companies continue to operate at a loss.
