NMDC Energy PJSC, a majority-owned subsidiary of Abu Dhabi-based NMDC Group, has revealed robust financial outcomes for the first half of 2025, showcasing consistent growth that underscores the company’s resilience and disciplined execution in challenging market conditions. In the first six months of 2025, NMDC Energy continued its regional expansion, enhanced its capabilities, and diversified its revenue streams, achieving a 41 percent year-on-year increase in revenue to AED8.2 billion and a 16 percent rise in net profit to AED583 million ($158.7 million) compared to the same period, according to a statement.
With notable award wins in the first half of 2025 totaling AED13.9 billion, and a backlog that reached AED49.9 billion by the end of June 2025, NMDC Energy persistently pursues opportunities that align market demand with its long-term strategy. This strategy involves building its project pipeline, which expanded to AED66 billion by the end of the second quarter.
In Q2 2025, revenue increased by 21 percent year on year to AED4.4 billion, with net profit rising by 12 percent to AED366 million, boosted by sustained momentum across core EPC and industrial operations.
The company’s fabrication yard in Ras Al Khair, Saudi Arabia, which spans 400,000 sqm, became fully operational during this quarter. This facility enhances NMDC Energy’s offshore EPC and modular construction capabilities throughout the region, supporting both current delivery and future growth.
Enhancing operational excellence
Mr. Mohamed Hamad Almehairi, chairman of NMDC Energy, remarked: “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 emphasizes future-ready initiatives and targeted growth. These are not just partnerships – they are the building blocks for long-term value and self-sufficiency – as we invest our traditional strengths and emerging opportunities to deliver growth and operational excellence at the forefront of the evolving energy sector.”
Eng. Ahmed Salem Al Dhaheri, CEO of NMDC Energy, added: “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. These steps position NMDC Energy to undertake more complex EPC work – faster and at a greater scale. We are building the next phase of our growth with precision, ambition and impact as we shape a world where infrastructure meets excellence.”
NMDC Energy continues to promote its enduring relationship with Aramco, with a 3-year extension to its Long-Term Agreement (“LTA”) and an option for an additional 3 years. This extension further solidifies NMDC Energy’s ongoing role in supporting Aramco’s offshore projects and contributing to Saudi Arabia’s economic ambitions.
Commitment to market expansion
The company was also honored with the ICV Excellence Award at MIITE in the Semi-Governmental Manufacturers category, recognizing its AED17 billion reinvestment in the UAE economy through support for SMEs, local suppliers, and workforce development.
With over 50 years of experience and a solid track record of successfully completed projects, NMDC Energy is poised for even greater achievements as it continues to explore new growth opportunities and extend its reach.
Guided by the two strategic pillars of geographical market expansion and capability enhancement, NMDC Energy’s global footprint exemplifies its commitment to transcending borders and shaping a world where infrastructure meets excellence.
NMDC Energy reported a 25 percent increase in net profit for the quarter, rising from AED174 million ($47.4 million) in Q1 2024 to AED217 million ($59.1 million) in Q1 2025. This growth, as reported by WAM, was driven by robust operational performance and the expansion into new projects both locally and internationally.
Revenues surged to AED3.7 billion ($1 billion), marking a remarkable 75 percent year-on-year increase compared to the same period in 2024. Earnings per share also increased by 25 percent to AED0.04, while total assets reached AED16.3 billion by the end of March 2025.
During Q1 2025, the total value of projects awarded amounted to AED13.9 billion. By the end of the quarter, NMDC Energy’s backlog stood at AED56.3 billion ($15.3 billion), bolstered by a strong pipeline of projects.
