Earnings Call Presentation (NMDC Group FY2025 Earnings Call Presentation)

NMDC Group

FY 2025 Earnings Call

9th February 2026

.

.

13.9%

Net Profit Margin

CASH

AED 5.0 billion

Dec-25 -0.3% Y-o-Y

REVENUES

AED 28.8 billion

FY25 10% Y-o-Y

RoAE

28.1%

FY25

Dividends

AED 844.4 million

Up 20% Y-o-Y

FY25

AWARDED PROJECTS

AED 19.5 billion

Dec-25

BACKLOG

AED 57.9 billion

Dec-25

PROJECTS PIPELINE

AED 109 billion

.

2

Expansion into the Philippines Market - USD 610.1 million contract

NMDC Group signed a USD 610.1 million contract with Pasay Harbor City Corporation for dredging and reclamation works in Manila Bay - the Group's first project in the Philippines.

The 30-month project covers approximately 130 hectares of island reclamation as part of the Harbor City development in Pasay City. This milestone strengthens NMDC Group's presence in Southeast Asia, following successful projects in Taiwan, Vietnam, and Malaysia.

Project Award in Oman

In line with the Group's Strategy that focuses on geographical diversification, NMDC Group has signed a contract for the construction of a marina project in the Sultanate of Oman, with a total value of AED 383 million. The project is expected to be completed within 15 months from the date of signing.

Taipower Project Award

In January 2025, NMDC Energy has been awarded a contract by Taiwan Power Company (Taipower) for the installation of subsea gas pipelines, for the second-phase renewal project of the Tung-Hsiao Power Plant in Taiwan. NMDC Energy will be responsible for the design, construction, and installation of marine pipelines at depths ranging from 10 to 55 meters, extending between Taichung and Tung-Hsiao on Taiwan's west coast. This massive project, valued at $1.136 billion, enhances NMDC Energy's presence in Taiwan and actively supports its contributions to renewable energy initiatives.

USD 2.6 billion Local Project Award

NMDC Energy was awarded a AED9.7 billion local project in March 2025. The project involves off-shore EPC work and is expected to be completed within 57 months commencing 31st March 2025. This comes as a testament for NMDC Energy's operational excellence and resilient long-standing relationship with our clients.

3

NMDC Infra acquires 51% stake in Spain's Lantania Aguas

In January, NMDC Infra acquired 51% stake in Spain's Lantania Aguas marking NMDC Group's first European market entry. The acquisition expands NMDC Infra's offering into the water and wastewater EPC sectors, and aligns with the Group's strategic diversification objectives. With a backlog of AED 2 billion across several countries, Lantania Aguas will operate under the name Lantania NMDC Water, post completion of the acquisition which is subject to customary regulatory approvals.

NMDC Infra and CCC Complete the Establishment of NMDCCC

NMDC Group, through its wholly owned subsidiary NMDC Infra, and Consolidated Contractors Company (CCC) have completed the establishment of NMDCCC, a new joint venture focused on delivering onshore oil and gas EPC solutions in the UAE. Operating as a subsidiary of NMDC Infra, NMDCCC combines NMDC Group's scale and resources with CCC's long-standing expertise in complex energy projects to provide full-spectrum, high-quality EPC services across the energy infrastructure lifecycle. The new entity supports the UAE's energy sector growth ambitions and aligns with NMDC Group's strategy to expand its service offering, increase market share, and support the delivery of its growing project backlog.

NMDC LTS Completes the Acquisition of 70% Stake in Emdad

NMDC LTS, completed the acquisition of a 70% equity stake in Emdad, a UAE-based integrated oilfield services provider. The transaction supports NMDC's strategy to expand into the OPEX-driven oilfield services segment and diversify its revenue streams. Emdad offers a broad range of services including well intervention, waste management, shutdowns/turnarounds, coil tubing, and valve services. The acquisition enhances NMDC's competitive edge, strengthens its position in the regional energy services market, and aligns with its long-term growth and diversification strategy.

First steel cut ceremony- Ras Al Khair Fabrication Yard in KSA

In July, NMDC Energy officially commenced fabrication activities at its newly developed yard in Ras Al-Khair, Saudi Arabia - a major milestone in its regional expansion. The first steel cut at the 400,000 sqm facility marks the start of operations, reinforcing the company's commitment to supporting Saudi Arabia's industrial growth and energy ambitions. Featuring advanced automation and digital systems, the yard provides fabrication, rigging, maintenance, and modularization services for complex energy infrastructure. It supports both offshore and onshore projects with an annual production capacity of 40,000 tons.

Strategic Collaboration with ADNOC L&S

NMDC Group signed a three-year agreement with ADNOC Logistics & Services to collaborate on offshore maritime services and logistics in Abu Dhabi. The partnership strengthens long-standing ties between the two entities, aiming to enhance efficiency and value creation in the emirate's offshore energy sector through integrated EPC and marine solutions.

A 3-year extension for the Long-Term Agreement with Aramco

NMDC Energy continues to strengthen its long-lasting relationship with Aramco, with a 3-year extension to its Long-Term Agreement ("LTA") and an option for an additional 3 years. NMDC Energy has been involved in multiple projects with Aramco since their previous LTA was signed in 2016. The services provided by NMDC Energy under the LTA cover detailed engineering, material procurement, fabrication, transportation, installation, and pre-commissioning of offshore facilities in connection with projects to be executed within Saudi Arabian territorial waters.

18.3

7.3

3.1

1.3

AED (bn) 60

50

40

30

20

57.9 27.9

10

0

Backlog 2026 2027 2028 2029 2030

Backlog Breakdown

D&M Energy

31%

69%

International

Local

19%

81%

Local Vs. International Energy vs D&M

4

NMDC Group Profit & Loss

Local International

19%

81%

AED (mn)

D&M

Energy

40%

60%

Revenues

Net Profit After Tax

28,811 26,264

8,266 7,173 7,746

4Q25 3Q25 4Q24 FY25 FY24

AED (mn)

*Figure

s reflect FY25

AED (mn)

D&M Energy

35%

65%

5,605

4,190

1,764

1,385

1,219

4,002

3,108

1,238

1,009

916

4Q25 3Q25 4Q24 FY25 FY24

5

4Q25 3Q25 4Q24 FY25 FY24

D&M Profit & Loss

Revenues

Expected Backlog Unwinding

AED (mn)

11,824

AED (bn) 20

7.4

3.0

15

17.9 7.5

10,149

2,616

2,328

3,089

10

5

4Q25 3Q25 4Q24 FY25 FY24

EBITDA

AED (mn)

0

Backlog 2026 2027 2028

Net Profit

AED (mn)

869 913

639

2,414

3,445

4Q25 3Q25 4Q24 FY25 FY24

6

587

641

414

1,702

2,400

4Q25 3Q25 4Q24 FY25 FY24

Energy Profit & Loss

Revenues

Revenues Breakdown

Expected Backlog Unwinding

Local International

Off-shore On-shore

30%

45%

55%

70%

AED (mn)

18,662

14,440

5,650

4,846

4,657

4Q25 3Q25 4Q24

FY25 FY24

AED (bn)

40.1 20.4

10.9

4.3

3.1

1.3

40

20

0

*Figures reflect FY25

Backlog 2026 2027 2028 2029 2030

AED (mn)

EBITDA

AED (mn)

Net Profit

895

472

580

1,776

2,160

4Q25 3Q25 4Q24 FY25 FY24

7

651

502

368

1,406

1,602

4Q25 3Q25 4Q24 FY25 FY24

NMDC Group Balance Sheet & Free Cash Flow

AED (mn)

NET WORKING CAPITAL

4,980

0%

4,993

AED (mn)

15,881

26%

12,625

Dec-25 Dec- 24

Dec-25 Dec- 24

*Excludes cash and borrowings and includes financial assets

4,030

3%

3,915

AED (mn)

AED (mn)

39,684

20%

33,200

Dec-25 Dec- 24

8

Dec-25 Dec- 24

Achievements & Recognitions

NMDC Group Maintains MSCI AA ESG 'Leader' rating

For the second consecutive year, NMDC Group has sustained its MSCI AA Leadership rating - a clear affirmation of our unwavering commitment to best-in-class sustainability governance, environmental stewardship and responsible operations.

NMDC Group has been recognized in Forbes Middle East's Top 100 Listed Companies list for 2025.

NMDC Energy, a subsidiary of NMDC Group, was included for the first time in Forbes Middle East's Top 100 Listed Companies 2025 ranking.

Oil & Gas Middle East Awards 2025

EPC Contractor of the Year (2022-2025)

Yard Modernization Company of the Year (2024-2025)

NMDC Energy received The 2025 IPLOCA New

Technologies Award for the AI - Powered Site Safety Monitoring System -

New Technology Category.

NMDC Group CEO, Eng. Yasser Zaghloul, was ranked #5 among Contractors on Construction Business News Middle East's Power 100 list for 2025. The recognition highlights his leadership in driving NMDC Group's growth, innovation, and successful project delivery, reflecting the dedication of the entire team.

Thank You!

Investor Relations

Hanzada Nessim

Group Head of Investor Relations & Financial Communications hanzada.nessim@nmdc-group.com

Email

ir@nmdc-group.com

Phone

+971 2 566 4316