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NMDC Group reported its financial results for the nine-month period ended September 30, 2026, with revenues increasing 4 percent year on year to AED 21.4 billion. The company recorded net profit of AED 2.4 billion in the period, according to figures released on October 30 through the Emirates News Agency. Top-line momentum stemmed from accelerated backlog conversion across its dredging and marine, energy, and infrastructure units.
UAE operations contributed 78 percent of total revenues while international markets accounted for 22 percent during the first nine months of 2026, NMDC Group said in its announcement. The group secured project awards totaling AED 9.7 billion in the period, data from the results show. This activity lifted the project backlog to AED 54.1 billion, supplying multi-year revenue visibility across the MENA region and additional growth corridors.
NMDC Group maintained a net cash position of AED 3.9 billion at the end of the nine-month period, the company’s balance sheet details indicate. The cash holding affords flexibility to fund capital expenditure, scale strategic assets, and support long-term shareholder value creation. EBITDA for the period amounted to AED 3.6 billion, a 7 percent decline from the comparable 2025 span.
The first-nine-month performance builds on full-year 2025 revenues of AED 28.8 billion that reflected 10 percent growth from 2024, according to Abu Dhabi Securities Exchange filings for the group. NMDC Energy, a majority-owned subsidiary, separately reported revenue of AED 14.2 billion for the same nine months, up 9 percent year on year with net profit at AED 420 million, a statement from that unit released on October 27 confirmed. The subsidiary’s backlog reached AED 33.0 billion after it secured AED 2.6 billion in new projects.
NMDC Group closed the period with total assets of AED 39.5 billion, a marginal 1 percent decrease from the start of the year, company data placed. Total equity stood at AED 17.3 billion while free cash flow amounted to AED 1.2 billion. These metrics arrived as the group continued execution on a diversified portfolio spanning marine engineering, energy infrastructure, and related logistics services.
