{"$schema":"https://www.goodmorningmaldives.com/schemas/entity-record/1","schemaVersion":"1.0","provenance":"independent","publisher":"Good Morning Maldives","notice":"Independent record compiled and graded by the Good Morning Maldives newsroom. It contains no company-supplied press-room material; any company press room is published separately and is never merged into this record.","generatedAt":"2026-10-22T20:57:58.118Z","citation":"Good Morning Maldives, \"STELCO\", independent record (graded), retrieved 23 October 2026, www.goodmorningmaldives.com/entities/stelco","entity":{"name":"STELCO","legalName":null,"type":"State-owned enterprise","url":"https://www.goodmorningmaldives.com/entities/stelco","website":"https://stelco.com.mv","sameAs":["https://stelco.com.mv"],"established":"1997-06-19","dissolved":null},"lastReviewed":"2026-09-27","recordRevision":null,"revisions":[],"grades":{"C":"Confirmed: primary document, official statement or two independent outlets","R":"Reported: one reputable outlet, not independently confirmed","CL":"Claimed: stated by the company, a government or an interested party","D":"Disputed: sources conflict"},"keyFacts":[{"id":"legal-form-1","url":"https://www.goodmorningmaldives.com/entities/stelco#fact-legal-form-1","label":"Legal form","value":"A company incorporated under the Companies Act 1996 by presidential decree on 19 June 1997. 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The Edition reported that this brought STELCO to 61 islands.","asOf":"2026-04-24","grade":"C","sources":[27,28]},{"id":"2025-result-5","url":"https://www.goodmorningmaldives.com/entities/stelco#fact-2025-result-5","label":"2025 result","value":"Profit of MVR 239 million on revenue of about MVR 3.3 billion, up from MVR 181 million in 2024, according to the Auditor General's report as reported by two outlets. 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2025","url":"https://www.pcb.gov.mv/documents/publications/summary-quarterly-reviews/Summary_of_Quarterly_Review_Q_2_2024_20250205045250.pdf"},{"number":13,"title":"Maldives Fiscal Risk Statement 2021","outlet":"Ministry of Finance","date":"May 2021","url":"https://www.finance.gov.mv/public/attachments/Xhw6R8NGDrTiwqBKrqRIBsbp2Mm9aLPPaIZ0I6Fj.pdf"},{"number":14,"title":"STELCO posts MVR 239 million profit in 2025","outlet":"The Edition","date":"2 July 2026","url":"https://edition.mv/business/52153"},{"number":15,"title":"U-turn ratification, school absenteeism and financial expo","outlet":"Maldives Independent","date":"3 July 2026","url":"https://maldivesindependent.com/news-in-brief/u-turn-ratification-school-absenteeism-and-f638"},{"number":16,"title":"MVR 949mn owed to STELCO by agencies","outlet":"The Edition","date":"2 July 2026","url":"https://edition.mv/business/52155"},{"number":17,"title":"Maldives Development Update, October 2025","outlet":"World Bank","date":"October 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