Abu Dhabi:NMDC Energy has reported a 9% increase in revenue for the nine-month period ending September 30, 2026, reaching AED14.2 billion. This growth comes despite a challenging operating environment, demonstrating the company's capacity to effectively convert and execute its substantial backlog.
According to Wam, NMDC Energy's solid top-line performance is attributed to a balanced geographical revenue mix. Local UAE operations contributed 72% of the total revenue, while international markets accounted for the remaining 28% during the first nine months of 2026.
The company also recorded a net profit of AED420 million and managed to expand its backlog to AED33.0 billion, ensuring strong multi-year revenue visibility across key regional and international markets. Additionally, NMDC Energy maintained a robust cash position of AED3.0 billion, providing financial flexibility to fund ongoing capital deployment, support working capital needs, and pursue strategic growth opportunities.
Chairman Mohamed Hamad Almehairi emphasized the strength of the UAE's industrial and energy ecosystem and NMDC Energy's role as a trusted EPC powerhouse. He highlighted the company's ability to deliver top-line growth by maintaining operational discipline and focusing on high-value project delivery in a dynamic global environment.
CEO Eng. Ahmed Salem Al Dhaheri remarked on the company's success in increasing revenues despite the demanding conditions, attributing it to the effective conversion of the project portfolio into tangible financial results. He noted the ongoing deployment of advanced AI initiatives across engineering and procurement, emphasizing disciplined execution as the company positions itself for future regional and global growth.