NMDC Energy reports robust growth with 75% revenue increase in first quarter

NMDC Energy PJSC has announced impressive financial results for the first quarter of 2025, with revenues soaring to AED 3.7 billion, marking a 75% year-on-year increase. The Abu Dhabi-based company, a majority-owned subsidiary of NMDC Group, also reported a 25% rise in net profit to AED 217 million compared to the same period in 2024.

The energy firm secured AED 13.9 billion worth of strategic projects during the quarter, maintaining a substantial backlog of AED 56.3 billion. In February 2025, NMDC Energy was successfully included in the MSCI small cap index, resulting in increased passive funds flow.

Several strategic milestones highlighted the quarter, including the inauguration of a 400,000 square metre fabrication yard in Saudi Arabia's Ras Al Khair Special Economic Zone. The AED 200 million facility boasts an annual production capacity of 40,000 tonnes.

The company also strengthened its long-term partnership with Aramco by signing a three-year extension to their Long-Term Agreement. Furthermore, NMDC Energy secured a prestigious EPC contract from Taiwan Power Company for subsea pipeline installation valued at $1.14 billion.

Mohamed Hamad Almehairi, Chairman of NMDC Energy, attributed the strong performance to the company's deepening international footprint and healthy project pipeline. CEO Ahmed Salem Al Dhaheri emphasised that these results reflect "years of razor-sharp decision making" and the company's commitment to innovation and enhanced efficiency.

NMDC Energy continues to maintain quality certifications, including ISO 9001, as it positions itself as a catalyst for the future of the energy sector.