The company NMDC Energy, which provides engineering, procurement, and construction services for onshore and offshore energy projects, has released its financial results for the year 2025. The annual revenue surged by 29%, reaching 18.7 billion dirhams, while the net profit increased by 14% year-on-year to 1.6 billion dirhams.
In light of these results, the board of directors has proposed a 14% increase in cash dividends, amounting to 800 million dirhams for the fiscal year 2025, which equals 16 fils per share. This proposal represents 50% of the net profits and will require the approval of shareholders in the upcoming general assembly meeting.
By the end of December 2025, the value of the project portfolio under execution stood at 40.1 billion dirhams, with new projects awarded throughout the year totaling 13.9 billion dirhams. International markets (outside of the UAE) accounted for approximately 20% of the total project portfolio under execution.
The remaining 80% of the portfolio is represented by projects within the UAE. The company’s future project value is estimated at 58.6 billion dirhams across the UAE, the Gulf Cooperation Council countries, and beyond.
Mohammed Hamad Al Mehairi, Chairman of NMDC Energy, stated, “These outstanding results clearly reflect our capability to utilize our global fleet, advanced manufacturing facilities, exceptional expertise, and strong relationships with our clients.”
He further emphasized that the scale of our current project portfolio and our future projects underscores the strength of our operations, the company’s position, and its readiness to meet the demands of the energy sector both in the UAE and in international markets.
Eng. Ahmed Salem Al Dhaheri, CEO of NMDC Energy, remarked, “NMDC Energy has achieved record revenues and profits, resulting in its strongest financial performance to date.
This success stems from the development of our business model, the meticulous and efficient execution of our projects, and the effective implementation of artificial intelligence across all our operations. In the upcoming period, we will prioritize disciplined growth, operational excellence, and focus on creating long-term sustainable value for the markets we operate in, for our clients, partners, and shareholders.”