NMDC Energy nine-month revenues reach 14.2 billion dirhams
UAE operations contributed 72 percent of total revenues in the period to 30 September 2026.
NMDC Energy, listed on the Abu Dhabi Securities Exchange, reported revenues of 14.2 billion dirhams for the nine months ended 30 September 2026, an increase of 9 percent year-on-year. Net profit for the period was 420 million dirhams. The company disclosed the results in a statement on Tuesday 27 October 2026.
Geographic revenue split and backlog#
UAE operations accounted for 72 percent of total revenues during the nine-month period, with international markets contributing 28 percent. The company increased its backlog to 33 billion dirhams, providing revenue visibility across regional and international markets for the coming years. Cash on the balance sheet stood at 3 billion dirhams at the end of the period. The backlog figure covers projects under execution in the energy and industrial sectors.
Operational execution and project delivery#
The revenue growth reflected progress on the company's project portfolio. NMDC Energy continued to execute engineering, procurement and construction contracts across its domestic and international markets. The company statement noted the performance reflected the ability to advance its portfolio of projects under execution. The backlog of 33 billion dirhams represents work contracted across regional and international markets.
Financial position and capital allocation#
The 3 billion dirham cash balance provides capacity to fund ongoing capital expenditure, working capital requirements and strategic growth opportunities. The company converted its project backlog into the reported financial results for the nine-month period. The statement noted the company continues to apply technology initiatives across engineering, procurement, marine fleet operations and manufacturing yards, without specifying the nature or scope of those initiatives.
Disclosure and reporting#
Mohamed Hamd Al Mehairi, chairman of NMDC Energy, and Ahmed Salem Al Dhaheri, chief executive, were named in the company statement as the officials who commented on the results. The figures were disclosed in a company announcement on 27 October 2026. The statement covered the period from 1 January 2026 to 30 September 2026.
Sources1 source across 1 domain
- snabusiness.comSky News ArabiaNMDC Energy nine-month revenues of 14.2 billion dirhams, 9% year-on-year increase, net profit of 420 million dirhams, backlog of 33 billion dirhams, cash of 3 billion dirhams, geographic revenue split, statement date 27 October 2026
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