NMDC Energy Earns Revenue of $2.23 Billion in H1-2025

Demonstrating its strength and disciplined execution amid challenging market conditions with sustained growth, NMDC Energy, a majority-owned subsidiary of NMDC Group, on Wednesday reported a revenue of $2.23 billion, up 41%, and a 16% rise in net profit to $158.73 million during the first six months of this year.

With remarkable award wins in the first half of 2025 totalling $3.78 billion, and a backlog that stood at $13.59 billion by the end of June 2025, NMDC Energy continues to pursue opportunities that align market demand with its long-term strategy, whereby it continues to build its pipeline of projects, which reached $17.97 billion by the end of the second quarter.

In Q2 2025, revenue grew 21% y-o-y to $1.2 billion and a net profit of 12% to $99.65 million, supported by sustained momentum across core EPC and industrial operations, NMDC Energy said in a disclosure with Abu Dhabi Securities Exchange (ADX) this morning.

NMDC Energy’s 400,000 sq. m. fabrication yard in Ras Al Khair, Saudi Arabia, became fully operational during the second quarter and this facility strengthens the company’s offshore EPC and modular construction capabilities across the region, supporting both current delivery and future growth.

NMDC Energy Chairman Mohamed Hamad Almehairi said that the company’s progress this quarter demonstrated NMDC Energy’s pivotal role in building regional industrial capability at pace and at scale, as they charter a strategic path that emphasises future-ready initiatives and targeted growth. “These are not just partnerships. They are the building blocks for long-term value and self-sufficiency as the company invest its traditional s strengths and emerging opportunities to deliver growth and operational excellence at the forefront of the evolving energy sector,” he said.

NMDC Energy CEO Ahmed Salem Al Dhaheri said that they continue to build precision and scale into the company’s operations.

“We advanced local manufacturing partnerships, expanded regional fabrication capacity, and brought one of the Gulf’s most advanced yards online. These steps position NMDC Energy to undertake more complex EPC work, faster and at a greater scale. We are building the next phase of our growth with precision, ambition and impact as we shape a world where infrastructure meets excellence,” he added.

Ties with Aramco

NMDC Energy continues to strengthen its long-lasting relationship with Aramco, with a 3-year extension to its Long-Term Agreement (LTA) and an option for an additional three years. This extension solidifies NMDC Energy’s continued role in supporting Arammco’s offshore projects and contributing to Saudi Arabia’s economic ambitions.

The company was also awarded the ICV Excellence Award at MIITE in the Semi-Governmental Manufacturers category, recognising its $4.63 billion reinvestment in the UAE economy through support for SMEs, local suppliers and workforce development.

With more than 50 years of experience and a strong track record of successfully executed projects, NMDC Energy is on course for even greater gains as it continues to explore new growth opportunities and expand its reach.

Guided by the two strategic pillars of geographical market expansion and capability expansion, NMDC Energy’s global footprint demonstrates its commitment to transcending borders and shaping a world where infrastructure meets excellence.