The Board of Directors of NMDC Energy approved the draft financial statements for the first quarter of 2026 during its meeting held on April 27, 2026.
Contract revenue for the three-month period ending March 31, 2026, rose to AED 4.96 billion, up from AED 3.73 billion in the same period of 2025.
Net profit for Q1 2026 decreased to AED 80.2 million compared to AED 217 million in Q1 2025, with earnings per share falling from AED 0.043 to AED 0.016.
Total assets as of March 31, 2026, were reported at AED 19.38 billion, while the board also reviewed ongoing project developments and company activities.
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