NMDC GROUP-

NMDC had a solid 9M: The National Marine Dredging Company (NMDC) Group saw its net income increase 26% y-o-y to AED 2.8 bn in 9M 2025. Meanwhile, the ADX-listed firm’s top line increased 11% y-o-y to AED 20.5 bn during the same period, largely on the back of improved margins and consistent delivery on projects across segments, according to an earnings release (pdf) published last week.

Global drive(r): The firm’s current backlog reached AED 62.3 bn as of September 2025, driven by strategic expansions in global markets. NMDC Group’s total awarded projects in 9M 2025 also reached the size of AED 17.7 bn — with global markets accounting for 38% of the total. The Group secured a USD 1.1 bn EPC contract for a pipeline project in Taiwan and a USD 104. mn contract for a new marina development in Oman, and entered the Philippines market through a USD 610 mn dredging work contract for a harbor project in Manila Bay.

ALEF EDUCATION-

Alef Education reported a net income of AED 132.4 mn in 3Q 2025, an 11.2% increase y-o-y, according to its quarterly financials (pdf) and management and discussion analysis report (pdf). It also logged a revenue of AED 215.5 mn, up 9.2% from the previous year.

For 9M, the firm reported a top line of AED 572.8 mn (+3.9% y-o-y), underpinned by improved performance from its support and services segment. The segment saw revenues up by 26.4% y-o-y, six new contracts worth a total of AED 57 mn, and strong cost efficiency and core operations — resulting in a 5.6% bottom-line uptick to AED 364.7 mn.

As for dividends: The company is aiming to distribute AED 135 mn in annual dividends to its 20% market shareholders in two installments, according to a separate earnings release (pdf).

Looking ahead: Alef Education expects revenues to grow by 3-4% during FY 2025 and EBITDA to rise by 8-9% y-o-y. Its net income is anticipated to increase 7-8%, with a margin of 60%.

DUBAI FINANCIAL MARKET-

Dubai Financial Market (DFM) reported a net income of AED 140.1 mn for 3Q 2025, up 48.8% y-o-y, according to its financials (pdf) and a separate earnings release (pdf). Total income increased 32.2% y-o-y to AED 204.5 mn.

For 9M 2025, net income was up 3x y-o-y, reaching AED 851.7 mn. Total income surged by 137.5% y-o-y to AED 1.1 bn over the same period. Growth was supported by robust trading activity, diversified income streams, and a one-off gain from the sale of an investment property worth AED 467.2 mn.

The DFM rounded off 9M with a market capitalization of AED 995 bn, up 9.7% since the start of the year, and its total traded value came in at AED 133 bn — rising 82% as the index welcomed 82.7k new investors during the period. Foreign investors accounted for 84% of newcomers and institutional investors were behind 70% of overall traded values.

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