Abu Dhabi-based NMDC Group reported today resilient financial results for the first quarter of 2025, achieving a 22 percent year-on-year increase in net profit to AED784 million ($213.45 million).
Revenues climbed to AED6.2 billion, up 16 percent year-on-year from the corresponding period of 2024. Meanwhile, earnings per share rose 12 percent to AED0.87 and total assets stood at AED32.7 billion. By the end of the quarter, NMDC Group’s backlog reached AED75.4 billion, with a healthy pipeline of projects.
“NMDC Group continues to build on its unstoppable momentum by delivering impressive financial results and successive strategic milestones during the first quarter of 2025. The results demonstrate how ambitious we have been, both at home and abroad, as we have inaugurated new partnerships, projects, and facilities that have brought further depth to our business,” stated Mohamed Thani Murshed Ghannam Al Rumaithi, chairman of the board of directors of NMDC Group.
Strategic milestones driving growth
During Q1 2025, NMDC Group marked several strategic milestones, which included the inauguration of an advanced 400,000 sqm state-of-the-art fabrication yard in Ras Al Khair, Saudi Arabia. The group’s subsidiary, NMDC Energy, was also awarded a prestigious EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project.
“The notable growth in our net profit is a key indicator of the strength of our business as well as our market-leading capabilities, particularly how these continue to resonate across the energy and marine landscape. As we look ahead, we’ll continue to strengthen our vital relationships with government, client, investor, partner and supplier stakeholders into the remainder of 2025 and beyond,” noted Yasser Zaghloul, CEO of NMDC Group.
Read: Abu Dhabi’s NMDC Energy posts 25 percent profit increase, $1 billion revenue in Q1 2025
NMDCCC launched to expand global presence
NMDC Group also continued to build on its expertise and offering, where it signed an agreement to establish a new company, NMDCCC, in partnership with Consolidated Contractors Operations (CCC). Headquartered in Abu Dhabi, NMDCCC will provide a world-class, full-spectrum EPC powerhouse with unmatched global capabilities and will operate within the UAE, with branches in Dubai and outside the UAE.
This agreement marked a milestone towards growing NMDC Group’s presence globally and in offering a full spectrum of complementary services, in full collaboration with NMDC Energy, NMDC D&M and NMDC INFRA.
The new alliance with CCC aims to unlock greater potential for the group by increasing its market share, tapping into new markets, successfully executing the growing backlog, mitigating the risk of uncertainty by securing execution capabilities and reducing turnaround time to better serve clients.
In addition to its growth activities and financial performance, NMDC has worked hard to implement several organizational initiatives to future-proof its business. The group has welcomed successful health & safety results, embarked on training and development programs for its employees, advanced sustainability initiatives, and embedded innovative technologies across its business.
