NMDC Group PJSC Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
NMDC Group PJSC Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 30, 2026·View on exchange
AI Summary
NMDC Group reported 1Q2026 revenue of AED 6.6 billion, a 7% year-on-year increase, while net profit declined 51% to AED 387 million due to geopolitical impacts and higher operational costs.
The group maintained a total project backlog of AED 55.4 billion as of March 2026, with AED 1.8 billion in new projects awarded during the first quarter.
Strategic developments included the January acquisition of a 51% stake in Spain’s Lantania Aguas and the establishment of a new joint venture, NMDCCC, for onshore oil and gas EPC solutions.
Cash and bank balances increased 38% year-to-date to AED 6.9 billion, driven by strong collections of AED 9.1 billion during the quarter.
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