"NMDC Energy" Announces its financial results for the first quarter of 2026

Abu Dhabi, April 28 / WAM / NMDC Energy announced today its financial results for the first quarter of 2026, as it maintained the continuity of operational operations across all its projects as a result of integrated efforts and coordination with all concerned parties and the effective application of business continuity and risk management frameworks.

The company recorded an increase in its revenues during the first three months of 2026, rising by 33% on an annual basis to reach 5 billion dirhams, as a result of continued progress in implementing its existing portfolio of projects.

Net profit for the first quarter amounted to 80 million dirhams, which reflects the company’s conservative approach in light of the current regional conditions.

The company’s portfolio of projects under implementation reached 35.3 billion dirhams, providing a clear vision of future revenues.

Operations in the UAE continued to lead the revenue contribution at 74%, while international markets accounted for 26%, reflecting the diversity of revenue sources.

The company ended the first quarter with a cash balance of 3.5 billion dirhams, which strengthens the company’s financial position and confirms its readiness to deal with market fluctuations, in addition to supporting its ability to seize growth opportunities during the next stage.

His Excellency Mohammed Hamad Al Muhairi, Chairman of the Board of Directors of NMDC Energy, said that the company’s performance during this quarter reflects the strength of the national economy and its ability to deal with regional challenges, in addition to the effectiveness of the administrative approach in managing the stage, stressing that proactive government measures and institutional coordination have contributed to establishing stability and business continuity and enhancing levels of confidence in vital sectors.

For his part, Engineer Ahmed Salem Al Dhaheri, CEO of NMDC Energy, said that the company’s focus during this quarter was on thoughtful implementation and ensuring continuity of operations in addition to adopting a conservative financial approach, which enabled the company to maintain the pace of progress in implementing its project portfolio and achieve coherent performance despite operational challenges, which reflects the strength of its work system, with its leadership, distinguished human competencies, and solid operational frameworks, as well as the solid foundations of its long-term business model.

NMDC Energy will continue to closely follow regional developments, while maintaining operational readiness during the coming periods, based on its portfolio of projects under implementation, potential future projects that exceeded 67 billion dirhams by the end of March 2026, and well-established implementation capabilities.

The company also continues to align its business with the economic trends and long-term priorities of the energy sector in the UAE.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter