UAE-based steel producer EMSTEEL announced its financial results for the first nine months of 2025, reporting a 10% increase in revenue to AED 6.5 billion (USD 1.77 billion) compared to the same period last year. EBITDA rose 28% year-on-year to AED 823 million (USD 224 million), with a margin improvement to 12.7%.
Net profit surged 209% year-on-year to AED 283 million (USD 77 million). EMSTEEL attributed this sharp rise to strong operational performance and the absence of the AED 83 million (USD 22.6 million) one-off provision recorded in 2024 related to a legal claim.
The company continued its operational growth, increasing steel sales volumes by 9% and cement and clinker sales by 17%. The Emirates Steel division generated AED 5.8 billion (USD 1.58 billion) in revenue and AED 680 million (USD 185 million) in EBITDA, marking 9% and 38% growth, respectively. The Emirates Cement division reported AED 652 million (USD 178 million) in revenue and AED 143 million (USD 39 million) in EBITDA. As of September 30, 2025, EMSTEEL’s net cash position rose to AED 711 million (USD 193 million).
CEO Saeed Ghumran Al Remeithi stated: “Our results for the first nine months of the year reflect EMSTEEL’s production strength and financial resilience. We remain committed to sustaining our growth while keeping environmental responsibility at the core of our operations.”
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