Business

NMDC Group (ADX: NMDC) reported record financial results for 2025, with net profit rising 29 per cent year on year to exceed AED 4 billion for the first time, supported by operational efficiencies, margin expansion, and a favourable project mix.

The engineering, procurement, construction and marine dredging company recorded revenues of AED 28.8 billion, up 10 per cent compared to the previous year, driven by strong project progress and backlog execution. The UAE accounted for 81 per cent of total revenues, while international markets contributed 19 per cent.

In light of the performance, the Board of Directors has proposed a 20 per cent increase in cash dividends to AED 844.4 million for 2025, equivalent to AED 1 per share, subject to shareholder approval at the upcoming Annual General Assembly.

Strong Project Awards and Backlog Growth

NMDC Group said total awarded projects during 2025 reached AED 19.5 billion, with international markets representing 35 per cent of awards, highlighting continued geographic diversification. The company’s backlog grew to AED 57.9 billion, while its total project pipeline exceeded AED 109 billion by year-end.

Its newer vertical, NMDC Infra, accounted for more than 10 per cent of the pipeline as the group continued expanding into new sectors and regions.

International Expansion and New Contracts

During the year, NMDC secured three major international projects, including:

• An AED 2.2 billion project in Manila Bay, marking the group’s first entry into the Philippines

• An AED 400 million marina development project in Salalah, Oman

• An AED 4.2 billion EPC contract in Taiwan awarded to NMDC Energy for a subsea gas pipeline

NMDC Infra also expanded its capabilities through the creation of NMDCCC, a joint venture focused on onshore oil and gas EPC solutions in the UAE. The unit additionally acquired a 51 per cent stake in Spain’s Lantania Aguas, representing the group’s first entry into the European market. The acquisition adds a water-sector specialist with an estimated AED 2 billion backlog across multiple markets, pending final approvals.

ESG and Sustainability Focus

The group retained its AA ESG rating from MSCI for the second consecutive year. NMDC said it strengthened sustainability partnerships across the public and private sectors and expanded its framework with the Environment Agency – Abu Dhabi covering 13 priority areas related to marine protection, pollution control, climate impact, and biodiversity preservation.

Leadership Commentary

H.E. Mohamed Thani Al Rumaithi, Chairman of NMDC Group, said the results reflect the company’s commitment to shareholders and partners and underline its role as a growth partner across critical industries in the UAE and beyond.

Group CEO Eng. Yasser Zaghloul said the 2025 performance marked a year of operational milestones and resilient growth, adding that the company will continue focusing on high-potential markets, operational efficiency, artificial intelligence adoption, and business model refinement to sustain profitability.

NMDC Group said its forward strategy remains centred on revenue growth and reinforcing its position in both domestic and international markets.

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