NMDC Energy Advances Backlog Execution and Drives a 16% Growth in Revenues to AED 9.5 bn in H1 2026

DredgeWire30 Jul 2026Competition
Automatically composed with AI from the cited sources

NMDC Energy posted a net profit of AED 251 million for H1 2026, with its backlog standing at AED 33.3 billion at the end of June. The company secured AED 2.2 billion in new projects during the second quarter and held a cash position of AED 3.3 billion. Local operations generated 70 percent of revenue, while international projects accounted for the remaining 30 percent.