EMSTEEL 2025 Revenue Reaches AED 8.9 Billion Amid Growth And Margin Expansion

EMSTEEL reported higher revenues, earnings and cash for FY 2025, supported by strong UAE demand and higher production. Group revenue reached AED8.9 billion, up 7 percent year-on-year, while EBITDA rose 34 percent to AED1.2 billion. Net profit increased 23 percent to AED481 million, and net cash improved sharply to AED1.2 billion by 31st December 2025.

Operational performance also strengthened during the year. Total steel sales volumes increased 7 percent year-on-year, with finished steel products rising 16 percent to 3.3 million tonnes. Cement and clinker sales reached 3.5 million tonnes, representing growth of 8 percent. Higher output and efficiency measures supported wider margins, particularly in the steel business.

EBITDA for FY 2025 stood at AED1.2 billion, with the margin advancing to 13.4 percent from 10.7 percent in FY 2024. The improvement reflected larger sales volumes, optimisation initiatives and continued efficient utilisation of production capacities. These factors helped offset market pressures and supported profitability across the Group’s core activities.

Quarterly figures highlighted strong momentum towards the end of the year. In Q4 2025, Group revenue totalled AED2.5 billion, broadly unchanged from Q4 2024 levels. However, EBITDA for the quarter expanded by 51 percent to AED372 million, mainly due to higher volumes and improved margins across key product lines.

The Emirates Steel division remained the main contributor to Group earnings. This division generated AED8.0 billion in revenue during FY 2025, a 6 percent rise compared with FY 2024. EBITDA from Emirates Steel reached AED1.0 billion, representing 51 percent year-on-year growth, supported by higher finished steel production and stronger operating leverage.

The Emirates Cement division also posted higher activity through the year. Revenue from this division reached AED944 million, showing 24 percent growth compared with the prior year. EBITDA from Emirates Cement amounted to AED172 million, reflecting benefits from increased cement and clinker volumes and ongoing efficiency programmes in manufacturing operations.

Within the Emirates Cement division, the Pipes & Other segment delivered AED187 million in revenue during 2025 and produced AED42 million in EBITDA. The Group completed the disposal of the Pipes & Other segment on 18th December 2025, and the related financial impact is fully recognised in the FY 2025 Group results.

EMSTEEL financial results, strategy and market context

As of 31st December 2025, the Group’s net cash position improved to AED1.2 billion, compared with AED337 million a year earlier. The stronger balance sheet reflected higher profitability and disciplined capital allocation. Management highlighted that this position supports future investment plans, while also providing flexibility under changing market conditions in the UAE and wider region.

"EMSTEEL’s strong performance in 2025 reflects the resilience of our business model, the strength of UAE market fundamentals, and our continued focus on long-term value creation," said Hamad Al Hammadi, Chairman of EMSTEEL. "The Group’s solid financial results, strengthened balance sheet, and disciplined capital allocation underscore our ability to grow sustainably while supporting national priorities."

Al Hammadi noted EMSTEEL’s wider role in the domestic industrial landscape. He added that as a cornerstone of the UAE’s industrial ecosystem, EMSTEEL remains committed to advancing local manufacturing capabilities, enhancing supply chain resilience, and contributing meaningfully to the country’s economic diversification and net zero ambitions.

Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said, "FY 2025 was a defining year for EMSTEEL, marked by strong operational execution, margin expansion, and decisive progress on our strategic priorities. Our ability to deliver higher volumes, improved profitability, and a robust net cash position demonstrates the effectiveness of our optimisation initiatives and portfolio focus."

Al Remeithi also pointed to the Group’s longer-term plans for lower-carbon production. "At the same time, we accelerated our transformation into a global leader in low-carbon steel and sustainable building materials, through targeted investments, breakthrough technologies, and landmark partnerships. Looking ahead, we remain focused on disciplined growth, innovation, and decarbonisation, while continuing to deliver long-term value for our shareholders and stakeholders," he added.

EMSTEEL’s FY 2025 figures show revenue, EBITDA, and profit growth, alongside higher steel and cement volumes and a stronger cash position. Divisional results from Emirates Steel and Emirates Cement, plus the disposal of the Pipes & Other segment, outline a portfolio focused on core activities while aligning with UAE industrial and decarbonisation goals.

With inputs from WAM