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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

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