NMDC Group profit climbs 26% to Dh2.8 billion in the first nine months of 2025, backlog hits Dh62.3 billion

Overseas expansion and energy contracts strengthen NMDC’s growth momentum

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Stock - NMDC / National Marine Dredging Co
NMDC deepens global footprint, securing major contracts in Asia and the GCC
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Dubai: NMDC Group posted Dh20.5 billion in revenue and Dh2.8 billion in net profit for the first nine months of 2025, rising 11% and 26% year-on-year respectively.

The Group’s net profit margin reached 13.5%, supported by margin expansion and consistent execution across key markets.

The company continued to build its future pipeline as well. Backlog stood at Dh62.3 billion at the end of September, while project awards totaled Dh17.7 billion during the period. International contracts accounted for 38% of awards, signalling the growing importance of overseas markets to the business.

The period saw important project wins. NMDC entered the Philippines for the first time with a $610.1 million Manila Bay project. It also secured a $104.2 million contract for a new marina in Salalah and a $1.13 billion subsea gas pipeline agreement in Taiwan through NMDC Energy. Total pipeline reached Dh89 billion, spanning NMDC D&M, NMDC Energy and NMDC Infra.

“Our strong nine-month performance reflects the depth of our capabilities, our ability to form strategic collaborations, as well as our agility to execute with precision,” said Mohamed Thani Al Rumaithi, Chairman of the Board of Directors. “We are well positioned as a champion of the UAE’s industrial and economic development ambitions, and we will continue to serve as the go-to global integrator that is trusted to bring projects to life that are high-value, complex, and nationally important.”

The Group strengthened long-term growth platforms with a three-year collaboration agreement with ADNOC L&S and an extension of its framework with Aramco. It also retained its AA ESG rating from MSCI, while expanding its partnership with Environment Agency – Abu Dhabi to develop a framework aimed at protecting the marine environment and natural ecosystems across 13 focus areas.

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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