Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) registered 26% higher net profits after tax at AED 2.76 billion in the first nine months (9M) of 2025, compared with AED 2.19 billion in 9M-24.
Earnings per share (EPS) climbed to AED 3.01 in 9M-25 from AED 2.60 in the corresponding period last year, according to the income statements.
The revenues from contracts hit AED 20.54 billion as of 30 September 2025, an annual rise of 11% from AED 18.51 billion.
Quarterly Financials
In the third quarter (Q3) of 2025, NMDC achieved AED 1 billion in net profits after tax, compared with AED 730.95 million in Q3-24.
Revenues from contracts with customers grew to AED 7.17 billion in the July-September 2025 period from AED 6.39 billion a year earlier.
Total awarded projects amounted to AED 17.70 billion in 9M-25, with international markets accounting for 38% of the total.
The group’s backlog stood at AED 62.30 billion at the end of September 2025, backed by its strategic focus on geographic expansion.
Yasser Zaghloul, Group CEO of NMDC, stated: “Our nine-month performance is a reflection of our enhanced operational efficiency, our ability to create synergies across our increasingly diversified businesses, as well as our focus on expanding our international operations”
“We believe that our strategic long-term partnerships offer exciting new possibilities for NMDC Group to apply solutions at scale that will support the progression of different industries and national economies,” the CEO added.
NMDC marked its first entry into the Philippines in Q3-25 with a $610.10 million project in Manila Bay.
In the first half (H1) of 2025, NMDC’s net profits reached AED 1.75 billion, an annual surge of 20% from AED 1.46 billion.
