NMDC Group PJSC Financial Results for the Period Ended March 31,2026 | premargin
NMDC Group PJSC Financial Results for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Report·April 30, 2026·View on exchange
AI Summary
NMDC Group reported a net profit of AED 387.3 million for the first quarter ended March 31, 2026, down from AED 784.0 million in the previous year, despite revenue growing to AED 6.65 billion.
Shareholders approved a dividend payment of AED 1 per share, totaling AED 844.4 million, at the Annual General Meeting held on March 5, 2026.
Management noted that profit margins were adversely affected by a geopolitical conflict that erupted in early 2026, leading to cost overruns, idle project hours, and supply chain disruptions.
The Group's total order backlog remained strong, with unsatisfied performance obligations amounting to AED 55.4 billion as of March 31, 2026.
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