NMDC Energy maintains higher revenues in Q1-26 despite challenging operating environment
NMDC Energy
NMDCENR 0.35% 2.83 0.01
Abu Dhabi – Mubasher: NMDC Energy logged lower net profits after tax at AED 80.20 million in the first quarter (Q1) of 2026, compared to AED 217 million in Q1-25.
Basic and diluted earnings per share attributable to the shareholders declined to AED 0.016 as of 31 March 2026 from AED 0.043 in the year-ago period, according to the interim consolidated results.
The contract revenues amounted to AED 4.96 billion in Q1-26, up year-on-year (YoY) from AED 3.73 billion.
The company’s backlog stood at AED 35.30 billion, providing strong visibility on future revenues.
NMDC Energy managed to navigate a challenging operating environment thanks to strong stakeholder coordination, disciplined execution, and the effective implementation of business continuity and risk management frameworks.
Chairman of NMDC Energy, Mohamed Hamad Almehairi, said: “The performance this quarter reflects the resilience of the UAE economy and the strength of its leadership in navigating a complex regional environment.”
He indicated: “The government’s proactive and coordinated approach has ensured stability, continuity, and confidence across key sectors, enabling companies like NMDC Energy to operate and continue contributing to the country’s long-term development priorities.”
CEO of NMDC Energy, Ahmed Salem Al Dhaheri, added: “We successfully maintained momentum across our projects, converted backlog into revenues despite a more challenging operating environment. This demonstrates the strength of our leadership, people, processes, and long-term business fundamentals.”
In 2025, the ADX-listed group achieved 14% YoY higher profits at AED 1.60 billion when compared to AED 1.40 billion.
Source: Mubasher Source: {{details.article.source}}