National Marine Dredging

NMDC Group PJSC

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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	2.75B	3.34B	2.87B	2.68B	1.63B
Free Cash Flow	1.34B	1.71B	1.68B	1.86B	1.45B
Capital Expenditures	-1.42B	-1.62B	-1.20B	-0.82B	-0.18B
Investing & Financing
Investing Cash Flow	-0.90B	1.30B	-1.87B	-0.49B	-0.63B
Financing Cash Flow	-1.33B	-3.29B	-0.48B	0.05B	-0.69B
Dividends Paid	-700.84M	-618.75M	—	—	-75.37M
Operating Activities
Operating Cash Flow	2.75B	3.34B	2.87B	2.68B	1.63B
Net Income	3.63B	2.96B	2.15B	1.30B	1.00B
Change in Accounts Payable	2.14B	4.46B	3.06B	1.90B	0.05B
Change in Accounts Receivable	-4.94B	-8.67B	-2.46B	-1.13B	-0.07B
Change in Inventory	-142.07M	-121.19M	-134.60M	-119.59M	51.49M
Change in Unearned Revenue	0.36B	3.58B	0.02B	0.33B	0.06B
Change in Working Capital	-2.59B	-0.75B	0.48B	0.98B	0.10B
Other Operating Activities	707.84M	665.03M	115.78M	390.31M	-9.04M
Provision & Write-off of Bad Debts	69.94M	52.21M	-22.26M	-35.19M	108.57M
Depreciation & Amortization	1.07B	0.63B	0.41B	0.43B	0.45B
Cash Interest Paid	89.09M	256.51M	107.18M	46.98M	42.44M
Cash Income Tax Paid	264.79M	56.50M	18.93M	12.91M	37.87M
Loss (Gain) on Equity Investments	-67.97M	-37.10M	-52.65M	-5.20M	-8.86M
Investing Activities
Investing Cash Flow	-0.90B	1.30B	-1.87B	-0.49B	-0.63B
Capital Expenditures	-1.42B	-1.62B	-1.20B	-0.82B	-0.18B
Cash Acquisitions	-200.72M	—	—	—	-481.91M
Divestitures	—	2.82B	—	0.26B	—
Investment in Securities	579.26M	-88.81M	-791.57M	-7.39M	—
Other Investing Activities	140.13M	179.60M	135.37M	22.56M	16.70M
Sale (Purchase) of Real Estate	—	—	-21.62M	—	—
Sale of Property, Plant & Equipment	2.52M	8.45M	8.46M	50.12M	9.88M
Loss (Gain) From Sale of Assets	0.61M	-5.90M	-6.31M	-267.44M	-13.70M
Loss (Gain) on Sale of Investments	-62.46M	-179.11M	-200.27M	-114.47M	-1.27M
Financing Activities
Financing Cash Flow	-1.33B	-3.29B	-0.48B	0.05B	-0.69B
Common Dividends Paid	-700.84M	-618.75M	—	—	-75.37M
Long-Term Debt Issued	246.24M	—	—	459.13M	249.41M
Long-Term Debt Repaid	-623.32M	-418.46M	-367.85M	-357.16M	-818.55M
Total Debt Repaid	-623.32M	-418.46M	-367.85M	-357.16M	-818.55M
Net Debt Issued (Repaid)	-377.08M	-418.46M	-367.85M	101.97M	-569.14M
Other Financing Activities	-250.09M	-256.51M	-107.18M	-46.98M	-42.44M
Free Cash Flow & Returns
Free Cash Flow	1.34B	1.71B	1.68B	1.86B	1.45B
Free Cash Flow Growth	-21.9%	+2.2%	-9.9%	+28.4%	—
Free Cash Flow Margin	+4.6%	+6.5%	+10.0%	+17.4%	+18.4%
Free Cash Flow Per Share	1.58	2.06	2.03	2.26	1.82
Levered Free Cash Flow	0.34B	1.55B	1.47B	0.86B	0.56B
Unlevered Free Cash Flow	0.40B	1.64B	1.54B	0.89B	0.59B
Operating Cash Flow Growth	-17.4%	+16.1%	+7.1%	+64.7%	—
Net Cash Flow	0.55B	1.17B	0.43B	1.98B	0.29B
Foreign Exchange Rate Adjustments	18.12M	-164.65M	-100.20M	-262.01M	-13.96M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	2.75B	3.34B	2.87B	2.68B	1.63B
Free Cash Flow	1.34B	1.71B	1.68B	1.86B	1.45B
Capital Expenditures	-1.42B	-1.62B	-1.20B	-0.82B	-0.18B
Investing & Financing
Investing Cash Flow	-0.90B	1.30B	-1.87B	-0.49B	-0.63B
Financing Cash Flow	-1.33B	-3.29B	-0.48B	0.05B	-0.69B
Dividends Paid	-700.84M	-618.75M	—	—	-75.37M
Operating Activities
Operating Cash Flow	2.75B	3.34B	2.87B	2.68B	1.63B
Net Income	3.63B	2.96B	2.15B	1.30B	1.00B
Change in Accounts Payable	2.14B	4.46B	3.06B	1.90B	0.05B
Change in Accounts Receivable	-4.94B	-8.67B	-2.46B	-1.13B	-0.07B
Change in Inventory	-142.07M	-121.19M	-134.60M	-119.59M	51.49M
Change in Unearned Revenue	0.36B	3.58B	0.02B	0.33B	0.06B
Change in Working Capital	-2.59B	-0.75B	0.48B	0.98B	0.10B
Other Operating Activities	707.84M	665.03M	115.78M	390.31M	-9.04M
Provision & Write-off of Bad Debts	69.94M	52.21M	-22.26M	-35.19M	108.57M
Depreciation & Amortization	1.07B	0.63B	0.41B	0.43B	0.45B
Cash Interest Paid	89.09M	256.51M	107.18M	46.98M	42.44M
Cash Income Tax Paid	264.79M	56.50M	18.93M	12.91M	37.87M
Loss (Gain) on Equity Investments	-67.97M	-37.10M	-52.65M	-5.20M	-8.86M
Investing Activities
Investing Cash Flow	-0.90B	1.30B	-1.87B	-0.49B	-0.63B
Capital Expenditures	-1.42B	-1.62B	-1.20B	-0.82B	-0.18B
Cash Acquisitions	-200.72M	—	—	—	-481.91M
Divestitures	—	2.82B	—	0.26B	—
Investment in Securities	579.26M	-88.81M	-791.57M	-7.39M	—
Other Investing Activities	140.13M	179.60M	135.37M	22.56M	16.70M
Sale (Purchase) of Real Estate	—	—	-21.62M	—	—
Sale of Property, Plant & Equipment	2.52M	8.45M	8.46M	50.12M	9.88M
Loss (Gain) From Sale of Assets	0.61M	-5.90M	-6.31M	-267.44M	-13.70M
Loss (Gain) on Sale of Investments	-62.46M	-179.11M	-200.27M	-114.47M	-1.27M
Financing Activities
Financing Cash Flow	-1.33B	-3.29B	-0.48B	0.05B	-0.69B
Common Dividends Paid	-700.84M	-618.75M	—	—	-75.37M
Long-Term Debt Issued	246.24M	—	—	459.13M	249.41M
Long-Term Debt Repaid	-623.32M	-418.46M	-367.85M	-357.16M	-818.55M
Total Debt Repaid	-623.32M	-418.46M	-367.85M	-357.16M	-818.55M
Net Debt Issued (Repaid)	-377.08M	-418.46M	-367.85M	101.97M	-569.14M
Other Financing Activities	-250.09M	-256.51M	-107.18M	-46.98M	-42.44M
Free Cash Flow & Returns
Free Cash Flow	1.34B	1.71B	1.68B	1.86B	1.45B
Free Cash Flow Growth	-21.9%	+2.2%	-9.9%	+28.4%	—
Free Cash Flow Margin	+4.6%	+6.5%	+10.0%	+17.4%	+18.4%
Free Cash Flow Per Share	1.58	2.06	2.03	2.26	1.82
Levered Free Cash Flow	0.34B	1.55B	1.47B	0.86B	0.56B
Unlevered Free Cash Flow	0.40B	1.64B	1.54B	0.89B	0.59B
Operating Cash Flow Growth	-17.4%	+16.1%	+7.1%	+64.7%	—
Net Cash Flow	0.55B	1.17B	0.43B	1.98B	0.29B
Foreign Exchange Rate Adjustments	18.12M	-164.65M	-100.20M	-262.01M	-13.96M