6.6 billion dirhams in revenues "NMDC Group" During the first quarter
Abu Dhabi, April 30, 2026 – NMDC Group, the global leader in the engineering, procurement, construction and marine dredging sectors, announced today its financial results for the first quarter of 2026, which reflected stable performance and the company’s continued implementation of its projects efficiently across its various operations in light of regional changes.
The UAE continued to establish a state of stability and continuity with the support of a coordinated and proactive government response, which contributed to ensuring the continuity of the work of vital infrastructure without interruption, and maintaining business confidence across key sectors.
NMDC Group also continued to achieve balanced progress across its various projects, supported by thoughtful implementation efforts and effective operational coordination.
Revenues reached 6.6 billion dirhams during the first quarter of 2026, recording a growth of 7% year-on-year, thanks to the continuous conversion of the project portfolio into revenues.
Net profit amounted to 387 million dirhams, reflecting a disciplined and cautious financial approach in light of a complex operating environment.
The value of the portfolio of projects under implementation reached 55.4 billion dirhams, which reflects a strong vision for future revenues, while the value of future projects reached 92 billion dirhams across the group’s business units “NMDC Energy”, “NMDC Dredging and Marine” and “NMDC Infra”, which confirms the breadth of opportunities available within the group’s main sectors.
During the first quarter, NMDC Group continued to enhance its business momentum in the infrastructure sector through NMDC Infra, focusing on implementing vital infrastructure projects that are in line with national priorities.
The acquisition of Lantania Aguas also contributed to strengthening the group’s global presence in the water sector, while the joint venture between NMDC Group and CCC strengthened its capabilities in the field of engineering, procurement and construction for the onshore oil and gas sector, expanding the scope of its services across the value chain in the energy sector.
The value of the projects awarded during the period amounted to 1.8 billion dirhams, including 1.5 billion dirhams from NMDC Dredging and Marine, and 0.3 billion dirhams through NMDC Infra, an indication of the continued demand for basic services within the group’s main business areas.
NMDC Group also maintained net cash worth 5.2 billion dirhams, which strengthens its financial position and its ability to deal with market variables and continue investing in strategic growth areas.
His Excellency Mohammed Thani Al Rumaithi, Chairman of the Board of Directors of NMDC Group, said that the UAE continues to consolidate an economic model based on stability, clarity of vision, and long-term planning, which are factors that form a solid base for sustainable growth and enhance companies’ confidence in expansion and investment.
He explained that NMDC Group continues to employ its capabilities and partnerships in priority sectors, in a way that supports the country’s economic diversification goals, while the first quarter results reflect the strength of the group’s business model, the strength of its balance sheet, and its discipline in implementation, in addition to its continued commitment to achieving long-term, sustainable value for shareholders and all concerned parties.
For his part, Dr. Yasser Zaghloul, CEO of NMDC Group, added that the first quarter results reflect the strength of the group’s operational system and its ability to maintain a stable pace of implementation across its various business sectors, supported by an integrated operating model and an organized economic environment that supports sustainable growth.
He pointed out that the group succeeded during this period in achieving balanced growth in revenues, while maintaining strong levels of profitability and enhancing its project portfolio, in parallel with the deliberate expansion in strategic areas that include infrastructure, the water sector, and land energy services, pointing out that with the continuation of this momentum, the group has a strong position that allows it to seize new opportunities and achieve sustainable and consistent performance during the year 2026 and beyond.
He stated that NMDC Group continues to follow regional developments while at the same time maintaining a thoughtful approach and a proactive vision in managing its business, and with the support of the strength of its strong project portfolio and the diversity of its future projects, in addition to the solidity of its financial position, the group has a high capacity that enables it to maintain sustainable performance and benefit from future opportunities efficiently and confidently.
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