NMDC Energy Reports 33% Revenue Growth to AED 5 Billion in Q1 2026
NMDC Energy has announced strong financial results for the first quarter of 2026, recording a 33% year-on-year increase in revenue to AED 5 billion, supported by steady project execution despite ongoing regional challenges.
The Abu Dhabi-listed company reported a net profit of AED 80 million for the quarter, reflecting a cautious and disciplined financial approach amid a complex operating environment. NMDC Energy also maintained a robust liquidity position, closing the quarter with a cash balance of AED 3.5 billion.
Operating within the United Arab Emirates, the company benefited from the nation’s economic resilience, stability, and proactive government measures that ensured business continuity across key sectors. This environment enabled NMDC Energy to sustain operations and deliver consistent performance across its portfolio.
Driven by the execution of a strong project backlog, the company reported a backlog of AED 35.3 billion, offering clear visibility on future revenues. Domestic operations remained the primary revenue driver, contributing 74%, while international markets accounted for 26%, highlighting a diversified business model.
Mohamed Hamad Almehairi, Chairman of NMDC Energy, said the company’s performance reflects the resilience of the UAE economy and the effectiveness of its leadership in maintaining stability during regional uncertainty. He noted that coordinated government efforts have ensured continuity and confidence, enabling companies to contribute to long-term national development goals.
Ahmed Salem Al Dhaheri, CEO of NMDC Energy, emphasized that the company’s focus during the quarter was on disciplined execution, operational continuity, and financial prudence. He added that NMDC Energy successfully maintained momentum across projects and converted backlog into revenue despite challenging conditions, demonstrating the strength of its operational framework.
Looking ahead, NMDC Energy remains cautiously optimistic, supported by a strong project pipeline valued at AED 67 billion at the end of the quarter. The company continues to monitor regional developments while aligning its operations with the UAE’s long-term economic and energy strategies.
