Muscat- September 2023. Nama Group has been doing well financially over the last few years. The EBIDTA (Earnings before Interest, Depreciation, Taxes and Amortisation) levels have been increasing, where the net profit after tax reached RO 139.8 million. The Group has a healthy balance sheet, a good P&L (Profit and Loss) position meeting and achieving the targets of its shareholders. The gross operating revenue of the Group increased by 21.2% to reach 1.8 billion. The merger of Water & Wastewater services has added value to Nama Holding performance. In the last financial year, the implementation of the regulatory mechanism helped in a significant growth of Nama Group’s EBIDTA and it is maintaining a healthy financial position this year.

Promoting financial sustainability

As a restructuring of the electricity sector is completed, the Group restructures the debt profiles of the companies to ensure Sustainable Financing for the companies not only for their previous and existing debt but also for future requirements. The process of unifying all services related to the distribution of electricity networks increases the number of subscribers and sales, where the company's assets exceed RO 2 billion. The Group consistently seeks better terms, negotiated prices and favourable commercial terms from banks both internationally and locally and this has enabled it to strengthen financial sustainability, which is one of the fundamental pillars of Nama Group's strategy.

Sustainable financing initiatives

Technology enablement helps the Group companies in improving their meter reading systems, better collection and customer service and without correlating it to ROI or equity. Digitalisation is a mandate as it helps customers, brings in advanced technology and ensures better cash management. These initiatives come within the framework of its relentless pursuit to keep pace with the latest technologies and provide a distinctive and seamless experience, which will certainly contribute to ensuring sustainable financing.

On the other hand, irrespective of whether a shift towards renewables increases the return on investment, the Group companies are pursuing Green energy and Sustainability initiatives as there is a demand for this energy and it is good for the country and humanity. Overall, the companies are trying to lower carbon emissions by burning less fuel and gas and moving towards green energy. The Group has floated a number of tenders for Renewable Energy projects and it is expected that such power plants to generate close to 1,000 MW in the next two to three years. Nama Power and Water Procurement Company (NPWP) - which is the sole buyer of water and electricity is the company within the Group which deals with issues such as whether to use conventional energy generation or to produce green energy from renewables.

Prudent financial policies

As a regulated company following the best practices in adopting financial strategies, the Group is always working on improving cost efficiency. The Group’s restructuring in line with the directives of Oman Investment Authority aims to bring in cost savings and increase supply chain efficiencies. For example, instead of having 4 distribution and supply companies, the Group had 2 of these companies helping in leveraging synergies and consolidating contracts. While all the advantages may not materialise in one year the Group will definitely benefit from these cost saving. Moving forward to managing its operating expenses and increasing its revenue, Nama Group is relentlessly improving the efficiency and quality of its core operations.

Muscat- September 2023. Nama Group has been doing well financially over the last few years. The EBIDTA (Earnings before Interest, Depreciation, Taxes and Amortisation) levels have been increasing, where the net profit after tax reached RO 139.8 million. The Group has a healthy balance sheet, a good P&L (Profit and Loss) position meeting and achieving the targets of its shareholders. The gross operating revenue of the Group increased by 21.2% to reach 1.8 billion. The merger of Water & Wastewater services has added value to Nama Holding performance. In the last financial year, the implementation of the regulatory mechanism helped in a significant growth of Nama Group’s EBIDTA and it is maintaining a healthy financial position this year.

Promoting financial sustainability

As a restructuring of the electricity sector is completed, the Group restructures the debt profiles of the companies to ensure Sustainable Financing for the companies not only for their previous and existing debt but also for future requirements. The process of unifying all services related to the distribution of electricity networks increases the number of subscribers and sales, where the company's assets exceed RO 2 billion. The Group consistently seeks better terms, negotiated prices and favourable commercial terms from banks both internationally and locally and this has enabled it to strengthen financial sustainability, which is one of the fundamental pillars of Nama Group's strategy.

Sustainable financing initiatives

Technology enablement helps the Group companies in improving their meter reading systems, better collection and customer service and without correlating it to ROI or equity. Digitalisation is a mandate as it helps customers, brings in advanced technology and ensures better cash management. These initiatives come within the framework of its relentless pursuit to keep pace with the latest technologies and provide a distinctive and seamless experience, which will certainly contribute to ensuring sustainable financing.

On the other hand, irrespective of whether a shift towards renewables increases the return on investment, the Group companies are pursuing Green energy and Sustainability initiatives as there is a demand for this energy and it is good for the country and humanity. Overall, the companies are trying to lower carbon emissions by burning less fuel and gas and moving towards green energy. The Group has floated a number of tenders for Renewable Energy projects and it is expected that such power plants to generate close to 1,000 MW in the next two to three years. Nama Power and Water Procurement Company (NPWP) - which is the sole buyer of water and electricity is the company within the Group which deals with issues such as whether to use conventional energy generation or to produce green energy from renewables.

Prudent financial policies

As a regulated company following the best practices in adopting financial strategies, the Group is always working on improving cost efficiency. The Group’s restructuring in line with the directives of Oman Investment Authority aims to bring in cost savings and increase supply chain efficiencies. For example, instead of having 4 distribution and supply companies, the Group had 2 of these companies helping in leveraging synergies and consolidating contracts. While all the advantages may not materialise in one year the Group will definitely benefit from these cost saving. Moving forward to managing its operating expenses and increasing its revenue, Nama Group is relentlessly improving the efficiency and quality of its core operations.