| Market: Abu Dhabi | Symbol: NMDCENR | ISIN: AEE01456N241 | Industry: Energy |
Our Business
Over the span of 50 years, NMDC Energy (formerly NPCC) has forged an impressive legacy in the energy industry.
Who We Are
NMDC Energy, formerly known as the National Petroleum Construction Company (NPCC), was established in 1973. Together with it's subsidiaries, it provides engineering, procurement, and construction services to both offshore and onshore clients in the energy industry.
With its diverse skillset, state-of-the-art construction yards, and remarkable fleet, NMDC Energy delivers innovative and sustainable EPC solutions to major clients in the Arabian Gulf, South and South East Asia, and further afield.
NMDC Energy in Numbers
- More than 1,200 projects executed
- AED 7.9 billion revenue in 2023
- AED 953 million EBITDA in 2023
- Backlog of AED 53.9 billion (as of June 2024)
- 15,000+ team members
- 13% Emiratization rate among office workers
- 4 construction yards in the GCC
- One of the highest ICV scores among peers
- Guinness World Record holder for the heaviest platform
- Winner of #1 EPC Contractor for three years (2020, 2022, 2023)
- Recognized as Industry 4.0 Digital Leader by MoIAT
| Key figures (AED m) | 2021 |
2022 |
2023 |
|---|---|---|---|
| Statement of comprehensive income | |||
| Sales revenue | 3,943 |
5,382 |
7,941 |
| Gross profit | 476 |
643 |
1,145 |
| Profit for the year | 131 |
577 |
780 |
| EBITDA | 387 |
844 |
952 |
| Statement of financial position | |||
| Total assets | 6,987 |
9,574 |
13,020 |
| Total equity | 3,231 |
3,798 |
4,598 |
| Total liabilities | 3,755 |
5,776 |
8,422 |
| Statement of Cash Flows | |||
| Net cash generated from operating activities | 440 |
2,082 |
2,224 |
| Net cash used in investing activities | (67) |
(175) |
(1,148) |
| Net cash used in financing activities | (303) |
(802) |
(258) |
| Cash and cash equivalents at end of the year | 579 |
1,682 |
2,498 |
| Key financial indicators | |||
| Gross profit margin (%) | 12.1 |
11.9 |
14.4 |
| EBITDA margin (%) | 9.8 |
15.7 |
12.0 |
| Return on assets (%) | 1.9 |
6.0 |
6.0 |
| Return on equity (%) | 4.1 |
15.2 |
17.0 |
| Debt to equity ratio | 1.2 |
1.5 |
1.8 |
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