Below are the financial statements of NMDC Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AED | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | — | — |
| Property, plant and equipment | 6,799.06a | 5,137.92a |
| Investment properties | 322a | 40a |
| Right-of-use assets | 478.61a | 330.1a |
| Goodwill | 5.06a | 5.06a |
| Investments in equity accounted investees | 507.12a | 282.39a |
| Deferred tax assets | 3.75a | 6.47a |
| Retention receivables | 1,139.99a | 222.55a |
| Total non-current assets | 9,255.58a | 6,024.47a |
| Current assets | — | — |
| Inventories | 718.48a | 598.68a |
| Trade and other receivables | 13,060.3a | 5,315.08a |
| Contract assets | 4,518.99a | 4,691.69a |
| Financial assets at fair value through profit or loss | 640.86a | 461.75a |
| Derivative financial assets | 12.06a | 24.6a |
| Cash and bank balances | 4,993.49a | 3,730.93a |
| Total current assets | 23,944.17a | 14,822.73a |
| Total assets | 33,199.75a | 20,847.2a |
| Equity and liabilities | — | — |
| Equity | — | — |
| Share capital | 844.38a | 825a |
| Share premium | 605.42a | 0a |
| Merger reserve | 765a | 765a |
| Other reserves | -141.19a | 33.3a |
| Retained earnings | 9,346.42a | 6,976.9a |
| Equity attributable to the shareholders of the company | 11,420.03a | 8,600.2a |
| Non-controlling interests | 1,205.09a | 3.92a |
| Net equity | 12,625.12a | 8,604.12a |
| Liabilities | — | — |
| Non-current liabilities | — | — |
| Provision for employees’ end of service benefits | 507.58a | 441.35a |
| Borrowings | 735.7a | 1,078.05a |
| Deferred tax liabilities | 16.12a | 0a |
| Derivative financial liabilities | 15.22a | 0a |
| Lease liabilities | 394.59a | 330.27a |
| Total non-current liabilities | 1,669.21a | 1,849.66a |
| Current liabilities | — | — |
| Trade and other payables | 14,045.32a | 9,457.07a |
| Contract liabilities | 4,060.87a | 479.83a |
| Derivative financial liabilities | 11.38a | 9.79a |
| Income tax payable | 358.11a | 93.72a |
| Borrowings | 342.35a | 342.35a |
| Lease liabilities | 87.4a | 10.67a |
| Total current liabilities | 18,905.42a | 10,393.42a |
| Total liabilities | 20,574.63a | 12,243.09a |
| Total equity and liabilities | 33,199.75a | 20,847.2a |
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