Al Jazeera Steel Products Co. SAOG reported a strong improvement in profitability for the fiscal year ended 31 December 2025, according to its audited financial results.
The company’s net profit rose 35pct YoY to OMR 9.57 mln (USD 24.9 mln), while revenue increased 3pct to OMR 150.4 mln (USD 390.8 mln). Production climbed 8pct YoY to 489,380 tons, and sales volumes rose 9pct YoY to 520,682 tons.
The company attributed the improved performance to a sharper focus on profitability, optimized sales mix, tighter inventory management and stronger cost control. It also benefited from robust construction activity across Gulf Cooperation Council markets, particularly in Oman and neighboring countries.
Al Jazeera noted that 2025 was marked by rising global trade barriers and record-high Chinese steel exports, much of which flowed into the GCC, while European steel demand remained weak and below pre-pandemic levels. Despite these challenges, the GCC steel market stayed resilient, supported by large infrastructure projects progressing from awards to execution.
On sustainability, the company said it has been working closely with suppliers to reduce its carbon footprint ahead of the Carbon Border Adjustment Mechanism entering its definitive phase in 2026.
Operationally, Al Jazeera completed certification and surveillance audits for the American Petroleum Institute Monogram, enabling it to supply line pipes to the oil and gas sector. It has also qualified with Petroleum Development Oman to supply API electric resistance welded pipes.
Looking ahead, the company expects continued growth in regional steel demand, underpinned by solid GCC economic prospects and ongoing diversification efforts in Oman, the UAE and Saudi Arabia. Al Jazeera also said its greenfield medium sections mill at Khalifa Industrial Zone Abu Dhabi (KIZAD) is progressing well and is expected to come onstream by mid-2026, providing access to high-growth GCC markets.
Al Jazeera Steel Products Co. SAOG is a leading manufacturer of tube and structural steel in the Middle East. The company’s facility produces tubular products, merchant sections, and rebars, with four tube-making lines having a total capacity of 300,000 tons per annum. Additionally, the merchant bar mill has a capacity of 300,000 tons per annum. In addition to serving its domestic market, the company exports its products to 25 countries worldwide, including the USA, Canada, Australia, Germany, and other European Union countries.
1 USD / 0.38 OMR
