Earnings Call Presentation (NMDC Group Q1 2026 ECP EN)

‌NMDC Group

1Q 2026 Earnings Call 30th April 2026

‌Key Highlights

.

Net Cash

.

Mar-26

PROJECTS PIPELINE

AED 92 billion

1Q26

AWARDED PROJECTS

AED 1.8 billion

2

‌Financial Results

NMDC Group Profit & Loss

Revenues

AED (mn)

8,266

Revenues

Local

International

Group Breakdown

D&M Energy

Net Profit After Tax

D&M Energy

6,645

6,223

19%

25%

21%

81%

75%

79%

1Q26 4Q25 1Q25

EBITDA

Net Profit

AED (mn)

AED (mn)

1,238

784

387

1,

EBITDA Margin 1,

1Q26

10.3%

1Q26 4Q25 1Q25

3

1Q26 4Q25 1Q25

‌Financial Position

NMDC Group Balance Sheet & Free Cash Flow

Cash Total Equity

NET WORKING CAPITAL

AED (mn)

6,887

38%

4,980

AED (mn)

15,188

-4%

15,881

Mar-26 Dec-25 Mar-26 Dec-25

Net Cash Total Assets

FREE CASH FLOW

AED (mn)

5,215

29%

4,030

AED (mn) 0%

39,663 39,684

Mar-26 Dec-25 Mar-26 Dec-25

4

‌Backlog and Awarded Projects

Awarded Projects

Expected Backlog Unwinding

AED (bn) 60

50

40

30

20

10

0

55.4 13.4

28.2

10.5

3.3

Backlog 2026 2027 2028 2029

Backlog Breakdown

Local Vs. International Energy vs D&M

International Local

17%

83%

D&M Energy

36%

64%

5

‌Financial Results

D&M Profit & Loss

Revenues

Backlog Breakdown

AED (mn)

1,682

2,616 2,489

International Local

14%

1Q26 4Q25 1Q25

EBITDA

Net Profit

86%

AED (mn)

AED (mn)

1Q26 4Q25 1Q25

6

1Q26 4Q25 1Q25

‌Financial Results

Profit & Loss

AED (mn)

Revenues

5,650

Revenue Breakdown

Local Vs. International Off-shore Vs. On-shore

4,964

3,735

Local International

Off-shore On-shore

26%

44%

56%

1Q26 4Q25 1Q25

EBITDA

74%

*Calculation based on 1Q26 revenues

Net Profit After Tax

AED (mn)

895

AED (mn)

217

80

651

309

197

1Q26 4Q25 1Q25

7

1Q26 4Q25 1Q25

‌Business Development

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

In January 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.

8

‌Sustainability and Health, Safety & Environment

HSE Performance

Achieved 44.5 million manhours with zero fatalities, reflecting strong safety performance across all business units, demonstrating strong safety culture and operational discipline.

Quality Achievements

NMDC Energy Module

yard included in ISO14001 & 45001

certification.

Solar Panel Installation

Solar panel installation completed at the Sites in place of the diesel generators, considering the growing need for sustainable energy solutions in project site offices.

Emergency Preparedness Enhancement

NMDC Infra enhanced emergency preparedness through 31 drills, including real-threat scenarios, achieving a high level of operational readiness and resilience.

Hydrology Restoration

A hydrology restoration initiative has been implemented at Al Hudariyat Island to restore and improve natural water flow.

HSE Management System Implementation

NMDC LTS implementation of HSE Management System aligned with NMDC Group framework, strengthening governance, audit compliance, and operational standardization across marine units.

Crisis Management Plan Activation

During the first quarter, the Crisis Management Team (CMT) played a pivotal role in safeguarding operations and reinforcing organizational resilience amid a dynamic risk environment. The CMT maintained continuous oversight through structured governance, real-time intelligence sharing, and disciplined escalation protocols, enabling timely, well-informed decision-making at the Business Unit levels.

A series of scenario-based drills and simulations were conducted to validate emergency response effectiveness and strengthen coordination across entities. In parallel, the CMT enhanced communication frameworks, including the implementation of clear incident reporting and escalation channels to ensure rapid information flow during critical situations. Targeted awareness initiatives were also delivered to employees to reinforce preparedness and confidence across sites and offices. These efforts were carried out in alignment with the UAE's robust national emergency management framework and relevant authorities, ensuring a unified, effective, and well-coordinated response.

Collectively, these actions ensured the protection of personnel, continuity of operations, and sustained stakeholder confidence, reflecting NMDC Group's commitment to excellence in crisis management and operational integrity.

9

‌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

‌Q&A