NMDC Energy reports Q3 net profit of AED 168.2 million
According to Reuters, NMDC Energy posted AED 168.2 million in attributable Q3 2026 net profit, with a backlog of AED 33.0 billion at end-September.
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what happened
NMDC Energy reported net profit attributable to shareholders of AED 168.2 million for the third quarter. Contract revenue for the quarter came to AED 4.73 billion, while the backlog stood at AED 33.0 billion as of the end of September.
Capital expenditure over nine months totalled AED 314 million, including AED 89 million in the third quarter. Cash and bank balances fell 34% year to date to AED 3.0 billion at the end of the quarter. Net cash declined 32% year to date to AED 2.8 billion, and total outstanding debt dropped to AED 118 million by end-September 2026.
The information is based on a Reuters report.
why it matters
For markets, this is a results update from a mid-sized energy equipment and services company. A large order book points to solid activity, but lower cash balances alongside continued capital spending show liquidity is being used. The report covers one company and does not change the broader oil and gas picture.
market impact
NMDC Energy: strong backlog offset by lower cash, mainly affects the company's own shares
tags
instruments
sources
- Nmdc Energy Q3 Profit AED 168.2 Mln — Reuters, 27 October 2026 at 04:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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