06/02/2026 01:46 AST
NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 billion), up 10% y-o-y.
Net profit surged 29% y-o-y to cross the AED4.0 billion ($1.089 billion) mark, on the back of operational efficiencies, margin expansion and a favourable business mix, the group said.
The UAE represented 81% of total revenues and international markets representing the remaining 19%.
In light of these outstanding results, NMDC Group's Board proposed a 20% year-on-year increase in cash dividends to reach AED844.4 million in 2025, representing AED1 per share, pending the approval of the company's upcoming Annual General Assembly meeting.
The group's awarded projects in 2025 reached AED19.5 billion, building up a solid backlog of AED57.9 billion.
NMDC Group continues to diversify its pipeline, which exceeded AED109 billion at the end of 2025 through its different verticals and across different geographies, with the group's newest vertical, NMDC Infra representing more than 10% of the group's pipeline.
On the operational front, NMDC was awarded three international projects, with the group's first entry into the Philippines with an AED2.2 billion project in Manila Bay and won an AED0.4 billion project to build a new marina in Salalah, Oman. Additionally, NMDC Energy was awarded an AED4.2 billion EPC contract in Taiwan for a subsea gas pipeline project.
In 2025, NMDC Group's ramped up NMDC Infra's service offering, with the establishment of NMDCCC, a new joint-venture focused on delivering onshore oil and gas EPC solutions in the UAE. Most recently, NMDC Infra acquired 51% stake in Spain's Lantania Aguas, marking NMDC Group's first European market entry. Following customary approvals, NMDC Infra's offering will expand to include a leading global player in the water sector, with an AED2 billion backlog spread across multiple markets.
NMDC Group maintained its AA ESG rating on MSCI, receiving it for the second consecutive year. The group, which comprises five business units -- NMDC Dredging & Marine, NMDC Energy, NMDC Infra, NMDC Engineering and NMDC LTS -- has formed partnerships with various public and private sector entities on ESG and sustainability initiatives. In 2025, it has built on its partnership with Environment Agency - Abu Dhabi, to establish a specific framework covering 13 key areas associated with the protection of the marine environment from pollution, climate change, and safeguarding marine life and natural resources.
Mohamed Thani Al Rumaithi, Chairman of the Board of Directors, NMDC Group, said: "We're proud of our financial performance in 2025 which serves to reflect NMDC Group's commitment to its shareholders, partners, clients, and the UAE, underscoring why we are a partner for growth across various critical industries. Our significant track record demonstrates our expanding global footprint as well as our ability to collaborate with diverse stakeholders to execute high-value projects with precision in the UAE, the GCC, and beyond."
Eng Yasser Zaghloul, Group CEO, NMDC Group, added: "Our solid financial results for 2025 mark a year of meaningful progress and operational milestones, adding another memorable chapter of resilient growth to our 50-year legacy. Looking ahead, NMDC Group continues to execute a strategy focused on creating value by leveraging our experience and unique offering in high- potential markets, to optimize operational efficiency and maintain its growing profitability. NMDC Group is poised to continue reinforcing its leading position, as we enhance our assets, leverage artificial intelligence, and refine our business model."
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