NMDC Energy Posts Robust Nine-Month Results and Strengthens Global Footprint

Post by : Bianca Suleiman

NMDC Energy PJSC reported solid financial outcomes for the first nine months of 2025, with revenue climbing 33% year-on-year to AED13.0 billion and net profit edging up 5% to AED951 million. The results reflect disciplined project delivery and a focus on converting its pipeline into revenue.

At the end of September 2025, the company’s project backlog stood at AED45.6 billion, while the broader project pipeline expanded to AED61.4 billion, providing a substantial runway for upcoming work and revenue visibility.

Key contract wins during the period included an AED9.7 billion offshore EPC award in the UAE and an AED4.2 billion project in Taiwan. International operations accounted for 31% of total revenue in the nine-month period, underlining the group’s growing global exposure.

Operational capacity was further enhanced with the first steel cut at NMDC Energy’s new 400,000 sqm facility in Ras Al Khair, Saudi Arabia. The yard—designed with automation and digital systems—has an annual capacity of 40,000 tonnes and will deliver fabrication, rigging, maintenance and modularisation for complex energy projects.

The company also secured its inaugural MSCI ESG Rating of “A,” reflecting progress on environmental, social and governance practices and alignment with international sustainability benchmarks.

Supported by healthy financials, an expanding project portfolio and an elevated ESG profile, NMDC Energy is positioned to consolidate its leadership across the Middle East while growing its presence in overseas energy markets.