NMDC Energy Achieves 16% Growth In H1 Net Profit To AED 583 Million Amid Strong Revenue Surge

NMDC Energy has reported impressive financial results for the first half of 2025, showcasing its robust performance and strategic execution. During this period, the company achieved a 41% increase in revenue, reaching AED8.2 billion, and a 16% rise in net profit to AED583 million compared to the previous year. These figures highlight NMDC Energy's ability to align market demand with its long-term strategy.

The company's success is further underscored by significant contract wins amounting to AED13.9 billion in the first half of 2025. By June 2025, NMDC Energy's project backlog had grown to AED49.9 billion, reflecting its commitment to expanding its project pipeline, which reached AED66 billion by the end of Q2 2025.

In the second quarter of 2025, NMDC Energy experienced a 21% year-on-year increase in revenue, totalling AED4.4 billion. Net profit also rose by 12% to AED366 million during this period. This growth was driven by sustained momentum across core EPC and industrial operations.

A key development for NMDC Energy was the full operational status of its 400,000 sqm fabrication yard in Ras Al Khair, Saudi Arabia. This facility enhances the company's offshore EPC and modular construction capabilities across the region, supporting both current projects and future growth opportunities.

Mohamed Hamad Almehairi, Chairman of NMDC Energy, stated: "Our progress this quarter demonstrates NMDC Energy’s pivotal role in building regional industrial capability at pace and at scale, as we charter a strategic path that emphasises future-ready initiatives and targeted growth."

Commitment to Local Manufacturing and Economic Contributions

Eng. Ahmed Salem Al Dhaheri, CEO of NMDC Energy, highlighted the company's focus on precision and scale in operations: "We continue to build precision and scale into our operations. We advanced local manufacturing partnerships, expanded regional fabrication capacity, and brought one of the Gulf’s most advanced yards online."

The company has also strengthened its partnership with Aramco through a three-year extension of its Long-Term Agreement (LTA), with an option for an additional three years. This extension reinforces NMDC Energy's role in supporting Aramco's offshore projects while contributing to Saudi Arabia's economic goals.

Awards and Recognition for Economic Impact

NMDC Energy received the ICV Excellence Award at MIITE in the Semi-Governmental Manufacturers category. This award recognises the company's AED17 billion reinvestment into the UAE economy through support for SMEs, local suppliers, and workforce development initiatives.

The achievements of NMDC Energy in H1 2025 reflect its strategic focus on growth and operational excellence within the evolving energy sector. The company remains committed to leveraging traditional strengths while exploring new opportunities for sustained success.

With inputs from WAM