Abu Dhabi: NMDC Energy, a majority-owned subsidiary of NMDC Group, has reported strong financial results for the period ending 31st March 2025, with robust performance defined by healthy project activity and diversified revenue contribution.
According to Emirates News Agency, NMDC Energy achieved a 25 percent year-on-year increase in net profit for the quarter, rising from AED174 million in Q1 2024 to AED217 million in Q1 2025. This growth was driven by strong operational performance and expansion into new projects both locally and internationally.
Revenues climbed to AED3.7 billion, marking a 75 percent year-on-year increase from the corresponding period of 2024. Earnings per share saw a notable rise of 25 percent to AED0.04, and total assets stood at AED16.3 billion at the end of March 2025.
Total projects awarded during Q1 2025 amounted to AED13.9 billion. Additionally, by the end of the quarter, NMDC Energy’s backlog was AED56.3 billion, with a healthy pipeline of projects.
Mohamed Hamad Almehairi, Chairman of NMDC Energy, stated that the company delivered the best possible start to 2025, following their landmark performance in 2024, reinforcing their leadership position in the regional energy sector. He noted solid advancements across their dynamic business, adding to their healthy pipeline and deepening their international footprint.
CEO Ahmed Salem Al Dhaheri expressed delight at the company’s strong start to 2025, continuing their momentum from 2024 with strong financial performance. He highlighted strategic milestones on the international front, such as the inauguration of an advanced yard in Saudi Arabia and an expanding presence in East Asia. Al Dhaheri emphasized that the results reflect years of strategic decision-making and ambition, with a focus on cutting-edge technologies, innovation, and enhanced efficiency.