NMDC Energy posts 3Q results: The UAE’s NMDC Energy — a subsidiary of the National Marine Dredging Company (NMDC) — recorded an 8.5% y-o-y drop in net income to AED 368 mn in 3Q 2025, according to a financial statement (pdf). The firm’s top line rose 22% y-o-y to AED 4.8 bn during the same period.

On a 9M basis: NMDC Energy saw its net income rise 5% y-o-y to AED 951 mn for 9M 2025, driven by solid backlog execution and operational strength. The company’s revenues increased 33% y-o-y to AED 13 bn during the same period, while global market operations accounted for some 31% of the firm’s revenues during the same period, state news agency Wam reports.

A solid year so far…: NMDC Energy recorded a 12% y-o-y increase to AED 366 mn in 2Q 2025, while its top line surged 21% y-o-y to AED 4.4 bn in the same period. The company’s net income rose 16% y-o-y, reaching roughly AED 583 mn in 1H 2025, while its revenues surged 41% y-o-y to AED 8.2 bn during the same period.

…and a busy pipeline: NMDC Energy secured an AED 9.7 bn engineering, procurement, and construction contract for a local project in March. It also announced plans to invest USD 500 mn in a dedicated offshore wind vessel back in February.

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