# MWSC Annual Report 2025

_Annual report_

- Issuing body: Malé Water and Sewerage Company Pvt Ltd
- Reference: Annual Report 2025
- Data cutoff: 2025-12-31
- Provenance: Independent
- Original: https://www.mwsc.com.mv/
- File: https://cdn.sanity.io/files/j8w3ubbu/production/a5dbad1048149b4c79063fd09f4a3cf0deb131af.pdf

Malé Water and Sewerage Company’s annual report for the year to 31 December 2025. Revenue fell 12.9% to MVR 1.37 billion as external project income dropped after large engineering contracts completed in 2024, while utility revenue rose 4.3% to MVR 1.11 billion. Profit after tax was MVR 145.7 million, EBITDA MVR 338.9 million, total assets MVR 3.98 billion and capital investment MVR 181.1 million. The report carries a six-year financial summary, the shareholding (Government of Maldives 80%, Hitachi 20%), the board and management, and the year’s operational and digital programmes.

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