NMDC Energy P.J.S.C. Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
NMDC Energy P.J.S.C. Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 28, 2026·View on exchange
AI Summary
NMDC Energy reported 1Q2026 revenue of AED 5.0 billion, a 33% increase year-on-year, while net profit fell 63% to AED 80 million.
Profit margins were adversely impacted by cost overruns in logistics, fuel, and insurance, alongside standby time on offshore projects due to regional geopolitical factors.
The company maintained a project backlog of AED 35.3 billion and a project pipeline valued at approximately AED 67.4 billion as of March 2026.
Cash and bank balances decreased by 23% during the quarter to AED 3.5 billion, primarily driven by a dividend payment of AED 800 million.