UAE-based EMSTEEL, one of the region’s largest publicly listed steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for the first nine months of 2025.
The group posted revenues of AED 6.46 bln (USD 1.75 bln), up 10pct YoY, driven by strong operational performance and higher total steel sales volumes. Robust domestic demand and optimized capacity utilization allowed the company to fully convert semi-finished products into finished goods, resulting in a 21pct YoY increase in finished steel sales to 2.4 mln tons. Cement and clinker sales also grew by 17pct YoY to 2.3 mln tons.
Net profit for January-September 2025 surged 209pct YoY to AED 283 mln (USD 77 mln). The company attributed the sharp increase to strong operational performance and a low comparison base from last year, when results were impacted by an AED 83 mln (USD 22.6 mln) one-off provision related to a legal claim, later released in Q4 2024 after a favorable court ruling.
EBITDA rose 28pct YoY to AED 823 mln (USD 224), with an improved margin of 12.7pct, up from 11pct a year earlier. A 3.5pct YoY rise in average steel selling prices during Q3 2025, along with cost optimization and efficient plant utilization, supported the margin expansion.
The Emirates Steel division contributed AED 5.8 bln (USD 1.57 bln) in revenue, up 9pct YoY, and generated AED 680 mln (USD 185 mln) in EBITDA, up 38pct. Operating profit from the division rose to AED 249.2 mln (USD 68 mln) from AED 104.8 mln a year earlier.
The Emirates Cement division recorded AED 652 mln (USD 177.5 mln) in revenue, a 21pct YoY increase, and achieved AED 143 mln (USD 39 mln) in EBITDA. Its PVC pipes, GRP pipes, and bags operations, classified as held for sale amid an ongoing divestment, contributed AED 133 mln (USD 36 mln) in revenue during the period.
In Q3 2025, group revenue grew 13pct YoY, while EBITDA more than doubled, up 108pct. The strong quarterly performance reflected the same drivers as the year-to-date results.
Group CEO Eng. Saeed Ghumran Al Remeithi said EMSTEEL’s solid nine-month performance underscores its agility, resilience, and ability to deliver sustainable growth in a dynamic market environment.
Headquartered in Abu Dhabi, EMSTEEL has a production capacity of 3.5 mln tons of steel and 4.6 mln tons of cement annually. The group exports to over 70 markets, accounting for 30pct of its sales. The company offers a diverse range of steel products, including wire rod, rebar, heavy sections, and sheet piles.
1 USD / 3.67 AED
