NMDC Energy H1 revenue accelerates 41% year on year, and net profit climbs 16%

NMDC Energy, a majority-owned subsidiary of NMDC Group, on Wednesday announced that its diversified revenue streams delivered a 41 per cent year-on-year surge in revenue in the first six months of 2025 to reach Dh8.2 billion, and a 16 per cent rise in net profit to Dh583 million over the same period.

With award wins in the first half of 2025 totaling Dh13.9 billion, and a backlog that stood at Dh49.9 billion by the end of June 2025, NMDC Energy continues to pursue opportunities that align market demand with its long-term strategy, whereby it continues to build its pipeline of projects, which reached Dh66 billion by the end of the second quarter.

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In Q2 2025, revenue grew 21 per cent year on year to Dh4.4 billion and a net profit of 12 per cent to Dh366 million, supported by sustained momentum across core EPC and industrial operations.

NMDC Energy’s 400,000 sqm fabrication yard in Ras Al Khair, Saudi Arabia, became fully operational during the quarter. The facility strengthens the company’s offshore EPC and modular construction capabilities across the region, supporting both current delivery and future growth.

Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: “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.”

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 strengthen its long-lasting relationship with Aramco, with a 3-year extension to its long-term agreement (LTA) and an option for an additional 3 years. This extension solidifies NMDC Energy’s continued role in supporting Aramco’s offshore projects and contributing to Saudi Arabia’s economic ambitions.

With more than 50 years of experience and a strong track record of successfully executed projects, NMDC Energy is on course for even greater gains as it continues to explore new growth opportunities and expand its reach.

Somshankar Bandyopadhyay

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somshankar@khaleejtimes.com

Somshankar Bandyopadhyay is a News Editor with close to three decades of experience. Currently, he manages the business section, ensuring that the top economic and business news of the day reaches its readers.