Abu Dhabi, UAE – NMDC Group, a global leader in the engineering, supplies, construction and dredging sectors, announced on Thursday its financial results for the first quarter of 2026. Which reflected stable performance and the company’s continued efficient implementation of its projects across its various operations in light of regional changes.
The UAE continued to consolidate stability and continuity, supported by a coordinated and proactive government response. Which contributed to ensuring the continuity of vital infrastructure without interruption. 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.
revenue growth
Revenues reached AED 6.6 billion during the first quarter of 2026, recording a growth of 7% year-on-year. This is thanks to the continuous conversion of the project portfolio into revenue.
Net profit reached AED 387 million, reflecting a disciplined and cautious financial approach in a complex operating environment.
The value of the portfolio of projects under implementation amounted to 55.4 billion dirhams, which reflects a strong vision for future revenues. The value of future projects reached 92 billion dirhams through the business units of the NMDC Energy group. And “NMDC Dregging and Marine” and “NMDC Infra”. This confirms the wide range of opportunities available within the group’s main sectors.
During the first quarter, NMDC Group continued to build momentum in its infrastructure business through NMDC Infra. With a focus on implementing critical 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. The joint venture between NMDC Group and CCC has enhanced its engineering, procurement and construction capabilities for the onshore oil and gas sector. Expanding its services across the energy sector value chain.
The value of the projects granted during the period amounted to 1.8 billion dirhams, including 1.5 billion dirhams from NMDC Dredging & Marine. And 0.3 billion dirhams through NMDC Infra. In an indication of continued demand for basic services within the group’s main business areas.
NMDC Group also maintained net cash of AED 5.2 billion. This strengthens its financial position and its ability to deal with market variables, and continue investing in strategic growth areas.
He stated that NMDC Group continues to follow regional developments while maintaining a thoughtful approach and proactive vision in managing its business. Supported by the strength of its strong project portfolio and the diversity of its future projects. In addition to the strength of its financial position, the Group has a high capacity that enables it to maintain sustainable performance and take advantage of future opportunities efficiently and confidently.
