EMSTEEL Achieves AED 6.5 Billion Revenue By End Of September 2025 Amid Strong Market Demand

EMSTEEL has reported its financial results for the first nine months of 2025, showing a revenue increase to AED6.5 billion, which is a 10% rise from the previous year. The company achieved a robust operational performance, with total steel sales volumes growing by 9% year-on-year. This growth was driven by strong demand in the UAE market and optimised capacity utilisation.

The conversion of semi-finished products into finished goods allowed EMSTEEL to better serve its customers. Consequently, sales volumes of finished steel products increased by 21% year-on-year, reaching 2.4 million tonnes. Additionally, cement and clinker sales volumes rose by 17% year-on-year to 2.3 million tonnes.

In Q3 2025, the average steel selling price increased by 3.5% year-on-year. This, along with optimisation initiatives and efficient use of production capacities, helped improve the EBITDA margin to 12.7%, up from 11.0% in the same period last year.

EMSTEEL's net profit for the first nine months of 2025 reached AED283 million, marking a significant increase of 209% compared to the same period last year. The Emirates Steel division contributed AED5.8 billion in revenue, a 9% rise from the previous year, and generated AED680 million in EBITDA, reflecting a 38% increase year-on-year.

The Emirates Cement division recorded AED652 million in revenue, showing a growth of 21% compared to last year, and generated AED143 million in EBITDA. Within this division, the Pipes & Other segment is undergoing a divestment process and contributed AED133 million in revenue during this period.

Enhanced Financial Position

As of September 30th, 2025, EMSTEEL improved its net cash position to AED711 million from AED337 million at the end of December 2024. In Q3 alone, the Group's revenue grew by 13% year-on-year while EBITDA saw an impressive expansion of 108%.

Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, stated: "Our strong performance in the first nine months of 2025 reflects EMSTEEL’s continued agility, resilience, and ability to deliver sustainable growth in a dynamic market environment." He emphasised that their focus on operational excellence has enabled them to seize emerging opportunities and strengthen margins.

Commitment to Sustainability

Al Remeithi added: "We are proud to see EMSTEEL advancing as a global benchmark for responsible and low-carbon steelmaking." He highlighted that their efforts align with the UAE’s industrial and sustainability goals.

Looking forward, EMSTEEL remains dedicated to creating lasting value for shareholders and customers within the UAE’s industrial ecosystem. The company plans to continue its transformation journey under its TrueGreen framework to enhance competitiveness and long-term value creation.

With inputs from WAM