NMDC Energy P.J.S.C. Financial Results for the Period Ended March 31,2026 | premargin
NMDC Energy P.J.S.C. Financial Results for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Report·April 29, 2026·View on exchange
AI Summary
NMDC Energy reported a net profit of AED 80.2 million for the first quarter ended March 31, 2026, representing a decrease from AED 217.0 million in the same period of 2025.
Contract revenue increased to AED 4.96 billion from AED 3.73 billion year-over-year, supported by a backlog of unsatisfied performance obligations totaling AED 35.3 billion.
Financial performance was adversely impacted by regional geopolitical developments in early 2026, which led to cost overruns, idle hours affecting offshore and onshore activities, and delays in revenue recognition.
Shareholders approved a dividend of AED 800.3 million at the Annual General Meeting on March 3, 2026, which was paid in full during the reporting period.
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