NMDC Energy Sustains Momentum with 9% Revenue Growth Through September
The engineering and construction powerhouse has navigated a complex global operating environment to deliver AED14.2 billion in revenues across nine months, underpinned by disciplined execution and a robust project pipeline.
NMDC Energy’s financial trajectory through the first nine months of 2026 reflects the enduring strength of the UAE’s industrial and energy ecosystem. With revenues reaching AED14.2 billion, representing a 9 percent increase year-on-year, the company has demonstrated a steady capacity to convert its substantial backlog into tangible results, even as operating conditions remain testing across global markets.
The revenue performance draws from a carefully balanced geographical portfolio. Local UAE operations accounted for 72 percent of total revenues, while international markets contributed the remaining 28 percent, illustrating the company’s dual capacity to serve domestic priorities and pursue international expansion. This equilibrium has long characterised NMDC Energy’s strategic positioning within the region’s energy and industrial landscape.
The financial strength extends beyond the top line. The company recorded a net profit of AED420 million over the nine-month period, while the backlog expanded to AED33.0 billion, providing multi-year revenue visibility across key regional and international markets. Such depth in the project pipeline offers the stability necessary for sustained operational planning and growth investment.
Balance sheet resilience remains a defining characteristic. NMDC Energy maintained a cash position of AED3.0 billion at the close of September, affording the financial flexibility to fund capital deployment, manage working capital requirements, and pursue strategic opportunities as they emerge. As the company inaugurated Abu Al Bakhoush, a sophisticated dredging vessel marking a strategic milestone in fleet modernisation, this financial foundation has proved essential.
Mohamed Hamad Almehairi, Chairman of NMDC Energy, reflected on the nine-month performance, observing that results affirm both the strength of the UAE’s industrial and energy ecosystem and the company’s role as a trusted engineering, procurement and construction powerhouse. The achievement of growth amidst dynamic global conditions speaks to the maintenance of rigorous operational discipline and a focus on high-value project delivery.
Eng. Ahmed Salem Al Dhaheri, Chief Executive Officer, noted that revenue growth in a demanding environment reflects the effectiveness with which the company is converting its project portfolio into financial results. He highlighted the deployment of advanced artificial intelligence initiatives across engineering and procurement operations, whilst emphasising that disciplined execution remains the priority as the business positions itself for the next phase of regional and global growth.
What it means for Abu Dhabi
NMDC Energy’s sustained financial performance underscores the vitality of Abu Dhabi’s industrial and energy sector during a period of global complexity. The company’s ability to grow revenues whilst maintaining profitability and a robust balance sheet reinforces confidence in the emirate’s capacity to sustain investment in engineering and construction excellence, a cornerstone of economic resilience and diversification.
The company’s significant international presence, accounting for more than one quarter of revenues, demonstrates how Abu Dhabi-based enterprises are increasingly contributing to infrastructure and energy projects beyond the UAE. The depth of the order backlog signals sustained demand for the engineering expertise and project execution capabilities that have become hallmarks of the emirate’s industrial ecosystem.
Source: WAM (UAE News Agency)