EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, today reported revenues of AED6.5 billion ($1.77 billion) for the first nine months of 2025, marking a 10% increase compared to the same period last year.

EBITDA reached AED823 million, up 28% YoY, with an EBITDA margin of 12.7%, compared to 11% in 9M 2024. A 3.5% YoY increase in the average steel selling price in Q3 2025, coupled with optimisation initiatives and the continued efficient utilisation of steel production capacities, contributed to the improvement in the EBITDA margin, the company said.

EMSTEEL net profit for 9M 2025 amounted to AED283 million ($77.06 million), up 209% compared to the same period last year. Significant YoY growth is driven by strong operational performance and is partially related to a low comparison base for 9M 2024, when group’s results were impacted by a one-off provision of AED83 million related to a legal claim. This provision was subsequently released in Q4 2024, following a favourable court verdict in EMSTEEL’s favour, it said.

In 9M 2025, EMSTEEL delivered strong operational performance, increasing total steel sales volumes by 9% year-on-year (YoY). Strong UAE market demand and optimised capacity utilisation enabled the full conversion of semi-finished products into finished goods to better serve customers.  As a result, sales volumes of finished steel products rose by 21% YoY to 2.4 million tonnes. Additionally, cement and clinker sales volumes rose by 17% YoY to 2.3 million tonnes.

The Emirates Steel division contributed AED5.8 billion in revenue, representing a 9% increase compared to 9M 2024, and generated AED680 million in EBITDA, +38% YoY.

The Emirates Cement division recorded AED652 million in revenue, reflecting 21% YoY growth, and generated AED143 million in EBITDA. Within this division, the Pipes & Other segment is reported as Assets Held for Sale, reflecting its ongoing divestment process. This segment contributed AED133 million in revenue during the period.

As of 30 September 2025, the group has further enhanced its net cash position, up to AED711 million, compared to AED337 million as of 31 December 2024.

In Q3 2025, the group’s revenue increased by 13% YoY, while EBITDA expanded by 108%. This strong quarterly performance was driven by the same fundamental factors highlighted for 9M 2025.

Strategic highlights for Q3 2025:

* EMSTEEL launched TrueGreen, a new sustainability identity uniting its decades of decarbonisation initiatives and setting global benchmarks for transparent, low-carbon steel production. With verified EPDs and digital carbon tracking, TrueGreen empowers builders and financiers to meet emissions goals and compete in sustainability-driven market.

* EMSTEEL launched the world’s first Electric Process Gas Heater (ePGH) pilot in steelmaking – replacing gas-fired heaters with electric alternative at its DRI plants, eliminating over 2,200 tonnes of CO₂ annually.

* The company supplied 5,000 tonnes of U-type sheet piles for Egypt’s new Floating Movable Bridge across the Suez Canal, enhancing connectivity and showcasing its role as MENA’s sole hot-rolled sheet pile producer supporting global infrastructure.

* EMSTEEL delivered the region’s first hydrogen-based rebar for Abu Dhabi’s first net-zero carbon mosque by Aldar in Sustainable City, Yas Island — a milestone in green construction and sustainable architecture.

* The company became the first in MENA to earn the global ResponsibleSteel certification, underscoring its leadership in sustainable and responsible steel production.

Eng Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said: “Our strong performance in the first 9 months of 2025 reflects EMSTEEL’s continued agility, resilience, and ability to deliver sustainable growth in a dynamic market environment. The Group’s focus on operational excellence and disciplined execution has enabled us to capture emerging opportunities, strengthen margins, and enhance our financial position. We are proud to see EMSTEEL advancing as a global benchmark for responsible and low-carbon steelmaking, aligned with the UAE’s industrial and sustainability ambitions.”

He added: “As we look ahead, EMSTEEL remains committed to creating enduring value for our shareholders, customers, and the UAE’s industrial ecosystem. We will continue advancing our transformation journey to further enhance competitiveness and long-term value creation. Guided by our TrueGreen framework, we remain dedicated to building a stronger, more sustainable industrial future for the UAE and our stakeholders worldwide.” - TradeArabia News Service