784 million dirhams profits "NDC Group" In the first quarter
Abu Dhabi, April 30 / WAM / The NDC Group announced today the achievement of annual growth of 22% in net profits, which increased from 641 million dirhams in the first quarter of 2024 to 784 million dirhams in the first quarter of 2025.
Revenue increased to 6.2 billion dirhams, recording 16% growth on an annual basis compared to the same period in 2024, and profits for each share increased by 12% to reach 0.87 dirhams, while the total assets reached 32.7 billion dirhams at the end of March 2025.
By the end of the first quarter, the total contracted projects at the “NDC Group” amounted to 75.4 billion in Emirati, supported by a strong project portfolio.
His Excellency Mohamed Thani Murshid Ghanem Al -Rumaithi, Chairman of the Board of Directors, NDC Group said: continues to enhance the momentum of its growth by achieving strong financial results and continuous strategic achievements during the first quarter of 2025, noting that these results reflect our ambitions at the local and international levels, as we launched new partnerships, projects and facilities that contributed to enhancing our business and expanding their scope.
His Excellency added that the various activities of the “NDC Group” and its leadership in the market embodies the aspirations of the United Arab Emirates and its people towards a more advanced future, noting that with the aspiration to the future, we will continue to harness our capabilities to advance the process of sustainable growth and enhance the economic progress of the UAE and abroad.
For his part, Eng. Yasser Zaghloul, CEO, NDC Group, said: We are pleased to start in 2025 strongly, as our exceptional performance reflects prominent operational achievements, and our ambitious efforts to achieve sustainable growth, where we can say confidently that we have succeeded in strengthening our position in firm markets, and we expanded our business vertically and horizontally, along with our expansion in promising markets with high potentials such as Saudi Arabia The Sultanate of Oman and Taiwan.
He added: The growth of net profits is an annual increase of 22%, a major indication of the durability of our business and leadership in the market, especially our growing impact in the energy and naval sectors, and besides that, our continuous success is due to the established confidence that we enjoy by shareholders and partners who appreciate our experience and our position.
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