Offshore platforms at the Umm Lulu field. | NMDC Energy

NMDC Energy Achieves 9% Revenue Rise to Dh14.2 Billion in Nine-Month Period

NewsDesk
NewsDesk
Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news...

NMDC Energy said in a statement that revenue for the nine months ended September 30, 2026 reached Dh14.2 billion, a 9% increase from the prior year. The company, a majority-owned subsidiary of NMDC Group and a leading provider of engineering, procurement and construction solutions for offshore and onshore energy projects, reported the figures on Tuesday. Growth was supported by execution across a balanced portfolio with UAE operations contributing 72% of revenue and international markets the remaining 28%, NMDC Energy added in the announcement.

Net profit for the period stood at Dh420 million, the company stated. NMDC Energy highlighted its operational resilience and disciplined project delivery as factors that sustained performance amid a challenging environment. The announcement detailed how the top-line result reflected steady conversion of the group’s substantial backlog.

According to the statement from NMDC Energy, the order backlog grew to Dh33.0 billion by the end of the nine-month period, delivering multi-year revenue visibility across key markets. The company maintained a strong balance sheet with cash holdings of Dh3.0 billion at September 30, providing flexibility to support capital expenditure, working capital and strategic initiatives. This liquidity position enables NMDC Energy to pursue further opportunities in regional and international energy developments.

MarketScreener data places the firm’s nine-month sales at AED 14,215.47 million compared with AED 13,011.86 million a year earlier while third-quarter revenue was AED 4,732.23 million. NMDC Energy has built on prior expansion, with Zawya reporting 33% revenue growth to Dh13 billion in the first nine months of 2025 accompanied by net profit of Dh951 million. The company has secured major contracts in past periods including a Dh9.7 billion offshore EPC award in the UAE and a Dh4.2 billion project in Taiwan, according to earlier releases.

NMDC Energy’s international operations have progressively increased their contribution, reaching 28% of nine-month revenue in 2026 as the firm extends its footprint beyond the UAE. The group continues to focus on converting its pipeline into executed projects across energy markets, the statement noted. Its position as one of the leading EPC contractors in the Middle East is supported by this consistent project delivery.

The latest results provide continued insight into NMDC Energy’s execution capabilities, with the announcement underscoring the importance of its backlog for future revenue. Aletihad News Center carried the company’s financial update, confirming the nine-month net profit figure. NMDC Energy’s cash position and order book together position it to address ongoing demands in the global energy construction sector.

Share This Article
Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.