NMDC Energy revenue climbs 33% to Dh13 billion on global expansion

Solid backlog of Dh45.6 billion and new projects drive sustained profit momentum in 2025

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In the first nine months of the year, NMDC Energy was awarded key projects across several markets, including a Dh9.7 billion offshore EPC contract in the UAE, a Dh4.2 billion project in Taiwan.
In the first nine months of the year, NMDC Energy was awarded key projects across several markets, including a Dh9.7 billion offshore EPC contract in the UAE, a Dh4.2 billion project in Taiwan.
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Dubai: NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, recorded strong results for the first nine months of 2025, with revenue up 33% year-on-year to Dh13 billion and net profit rising 5% to Dh951 million. The company’s growth was supported by steady backlog execution, new project wins, and expanding operations across multiple international markets.

Backlog stood at Dh45.6 billion at the end of September, supported by Dh13.9 billion in awarded projects during the period. NMDC Energy’s total project pipeline reached Dh61.4 billion, reflecting strong demand for its offshore and onshore EPC capabilities.

31%
of total revenue came from international operations during the nine-month period.

“NMDC Energy has been diligent at prioritising capacity-building, adding both depth and scale to its operations across key global energy markets," said Chairman Mohamed Hamad Al Mehairi. "The Company has been focused on setting fundamental building blocks to amplify the next chapter of our growth and create long-term value for all stakeholders.

The company also advanced its regional footprint, marking the first steel cut at its new 400,000 sqm yard in Ras Al Khair, Saudi Arabia. The facility, equipped with digital systems and an annual capacity of 40,000 tons, will support fabrication, rigging, and modularisation for complex energy projects.

Key contract wins during the period included a Dh9.7 billion offshore EPC project in the UAE and a Dh4.2 billion contract in Taiwan. International operations accounted for 31% of total revenue for the nine-month period.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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