Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) maintained resilient operational performance across its different verticals in the first quarter (Q1) of 2026 despite challenges amid evolving regional conditions.
The net profits reached AED 387.26 million in Q1-26, compared to AED 783.95 million a year earlier, according to the unaudited financial results.
NMDC generated revenues amounting to AED 6.64 billion at the end of March 2026, an annual rise of 7% from AED 6.22 billion.
The basic and diluted earnings per share attributable to the equity holders declined to AED 0.43 in the first three months (3M) of 2026 from AED 0.87 in Q1-25.
The solid backlog amounted to AED 55.40 billion, with a pipeline of AED 92 billion across the group’s verticals, NMDC Energy, NMDC Dredging & Marine, and NMDC Infra.
Awarded projects totaled AED 1.80 billion, with AED 1.50 billion secured by NMDC Dredging & Marine and AED 300 million by NMDC Infra.
Chairman of NMDC Group, Mohamed Thani Al Rumaithi, said: “Our first quarter performance reflects our unmatched business model, the strength of our balance sheet, and our continued focus on creating sustainable long-term value for shareholders and stakeholders alike.”
In 2025, NMDC posted 10% YoY higher revenues at AED 28.81 billion, compared to AED 26.26 billion.
