EMSTEEL, one of the region’s largest publicly traded steel and building materials manufacturers, announced its financial results for the first nine months of 2025, demonstrating strong operational and financial performance. The Group’s growth was driven by favorable market conditions in the UAE and its ability to capitalize on emerging opportunities with agility and efficiency.
During the first nine months of 2025, EMSTEEL achieved a 9% year-on-year (YoY) increase in total steel sales volumes, supported by robust market demand and optimized capacity utilization. This enabled the full conversion of semi-finished products into finished goods, with finished steel product sales rising 21% YoY to 2,428 thousand tonnes. Cement and clinker sales volumes also increased by 17% YoY to 2,344 thousand tonnes. EMSTEEL reported revenues of AED 6.5 billion for 9M 2025, marking a 10% increase compared to the same period last year.
EBITDA for the period reached AED 823 million, up 28% YoY, resulting in an EBITDA margin of 12.7%, compared to 11.0% in 9M 2024. This improvement was supported by a 3.5% YoY rise in average steel selling prices in Q3 2025 and continued efficiency in production and cost optimization. Net profit surged 209% YoY to AED 283 million, reflecting strong operational performance and the absence of one-off provisions that had impacted 2024 results. The Emirates Steel division contributed AED 5.8 billion in revenue, a 9% YoY increase, generating AED 680 million in EBITDA—a 38% rise.
The Emirates Cement division reported AED 652 million in revenue, up 21% YoY, and AED 143 million in EBITDA. Its Pipes & Other segment, currently under divestment, added AED 133 million in revenue. As of 30 September 2025, EMSTEEL’s net cash position strengthened to AED 711 million, up from AED 337 million at the end of 2024. In Q3 2025 alone, revenue rose 13% YoY while EBITDA expanded by 108%, supported by the same underlying growth factors seen across the year.
EMSTEEL also made significant strategic progress during the quarter. The company launched TrueGreen™, a new sustainability identity integrating decades of decarbonization initiatives and setting new benchmarks for low-carbon, transparent steel production. The initiative leverages verified Environmental Product Declarations (EPDs) and digital carbon tracking to support customers and financiers in achieving sustainability goals. The Group also launched the world’s first Electric Process Gas Heater (ePGH) pilot in steelmaking, replacing gas-fired heaters with an electric alternative at its DRI plants, cutting more than 2,200 tonnes of CO₂ annually.
Further strengthening its leadership in green steel, EMSTEEL supplied 5,000 tonnes of U-type sheet piles for Egypt’s new Floating Movable Bridge across the Suez Canal and delivered the region’s first hydrogen-based rebar for Abu Dhabi’s first net-zero carbon mosque by Aldar in Sustainable City, Yas Island. EMSTEEL became the first company in the MENA region to receive the prestigious ResponsibleSteel™ certification, reinforcing its commitment to sustainable and responsible steelmaking. The company also received multiple international awards recognizing excellence in sustainability, innovation, and safety.
Commenting on the results, Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, stated that the company’s strong performance in 2025 reflects its resilience and agility in a dynamic market. He emphasized that operational excellence, disciplined execution, and strategic focus have enabled EMSTEEL to enhance margins, strengthen its financial position, and lead in sustainable industrial growth aligned with the UAE’s vision. He added that EMSTEEL remains committed to creating long-term value for shareholders, customers, and the nation’s industrial ecosystem. Guided by its TrueGreen™ framework, the Group aims to further its transformation journey, enhance competitiveness, and build a sustainable industrial future for the UAE and global stakeholders.
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