Strong 33% Revenue Surge for NMDC Energy in Q1 2026

Post by : Bianca Suleiman

In its latest financial report, NMDC Energy has unveiled impressive growth metrics for the first quarter of 2026, showcasing resilience amid regional hurdles.

Revenue surged 33 percent year-on-year, climbing to AED5 billion in Q1 2026, largely fueled by effective progress on its extensive project backlog. The net profit for the quarter was AED80 million, indicative of a cautious financial strategy in a challenging regional landscape.

The company’s project backlog expanded to AED35.3 billion, providing significant visibility for anticipated revenues. Additionally, a robust project pipeline valued at AED67 billion underscores ongoing business prospects as the quarter closed.

Significantly, operations within the UAE represented 74 percent of total revenue, while international markets comprised 26 percent, emphasizing NMDC Energy’s balanced revenue structure.

Ending the quarter with a solid cash balance of AED3.5 billion, the company showcases its capacity to navigate market fluctuations while pursuing growth opportunities.

Chairman Mohamed Hamad Almehairi remarked that the company’s outcomes exemplify the UAE's economic stability and leadership in addressing regional challenges, bolstered by government actions ensuring sector confidence.

CEO Ahmed Salem Al Dhaheri highlighted the importance of disciplined execution and financial strategy this quarter, noting NMDC Energy’s success in converting its backlog into revenue amidst adverse conditions.

Looking ahead, NMDC Energy plans to maintain vigilance regarding regional trends. With a solid backlog and a promising project pipeline, the company is strategically positioned for growth that aligns with the UAE’s long-term energy and economic aspirations.

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