# MPL Annual Report 2024

_Annual report_

- Issuing body: Maldives Ports Limited
- Reference: Annual Report 2024
- Data cutoff: 2024-12-31
- Provenance: Independent
- Original: https://www.port.mv
- File: https://cdn.sanity.io/files/j8w3ubbu/production/c07f07cefaeec749663e9de3c370dac17d0e8936.pdf

Maldives Ports Limited’s annual report for the year to 31 December 2024, with consolidated financial statements. Group revenue rose 8.5% to MVR 860.6 million, operating profit fell to MVR 20.0 million from MVR 80.7 million, and profit for the year was MVR 27.8 million against MVR 49.5 million. Total assets reached MVR 2.25 billion as the company spent MVR 237.5 million on capital work in progress, chiefly the Thilafushi port land. The report sets out the strategic pillars, the ESG programme, the board and management, and the Thilafushi port relocation.

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