Abu Dhabi:NMDC Group, known for its integrated marine, energy, construction, logistics, and engineering solutions, announced its financial results for the nine-month period ending on 30th September 2026. The company reported a 4 percent year-on-year increase in revenue, reaching AED21.4 billion, alongside a net profit of AED2.4 billion.
According to Wam, NMDC Group's operations in the UAE contributed 78 percent of the total revenue, while international markets accounted for the remaining 22 percent. The Group's operational resilience, cost discipline, and strong profitability margins were highlighted by the net profit achieved during this period.
The Group's project backlog reached AED54.1 billion, aided by AED9.7 billion in project awards secured within the nine months. This backlog ensures strong multi-year revenue visibility across the MENA region and international growth areas.
At the close of the nine-month period, NMDC Group maintained a robust balance sheet with a net cash position of AED3.9 billion. This financial foundation supports the Group's ability to fund capital expenditure and expand strategic assets while pursuing growth ambitions and creating long-term shareholder value.
Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of the Board of Directors, emphasized the role of the UAE's leadership in empowering national champions like NMDC Group to succeed globally. He noted the importance of financial discipline and leveraging synergies across business units to sustain revenue growth.
Dr. Yasser Zaghloul, Group Chief Executive Officer, remarked on the resilience built into NMDC Group over the years, highlighting the team's ability to safely deliver complex projects across markets and build value-creating capabilities.