emirates7 - EMSTEEL, one of the region’s leading publicly listed producers of steel and building materials, has announced its financial results for the first half of 2025, reporting solid growth across key performance indicators.
The Group recorded revenues of AED 4.3 billion for H1 2025, reflecting a 9% increase year-on-year. This performance was underpinned by robust operational output, with sales volumes of finished steel products climbing 24% YoY to reach 1,616 thousand tonnes. The uptick was largely fueled by strong demand in the UAE’s construction sector and EMSTEEL’s well-established market position.
During the first half of the year, the company maximised capacity utilisation and fully converted semi-finished goods into finished products to better serve customer needs. Sales of cement and clinker also rose 21% YoY to 1,613 thousand tonnes.
EBITDA grew 6% year-on-year to AED 540 million, with an EBITDA margin of 12.6%, slightly down from 12.8% in H1 2024. Despite pressure from lower market prices, improved production efficiencies in Q2 2025, along with enhanced capacity utilisation and ongoing process optimisation efforts, helped cushion the impact.
Net profit after tax stood at AED 188 million for the period, up from AED 174 million in the same timeframe last year.
The Emirates Steel division contributed AED 3.9 billion in revenue, a 7% increase from H1 2024, and delivered AED 449 million in EBITDA. Meanwhile, the Emirates Cement division posted revenues of AED 428 million, marking a 21% annual increase, and generated AED 91 million in EBITDA.
As part of its restructuring strategy, the “Pipes & Other” segment within the cement division is classified as Assets Held for Sale due to an ongoing divestment process. This segment brought in AED 90 million in revenue during the reporting period.
As of 30 June 2025, the Group maintained a healthy net cash position of AED 372 million, up from AED 337 million at the end of December 2024. On a quarterly basis, Q2 2025 revenues rose 18% YoY, with EBITDA improving by 27%.
Commenting on the results, Eng. Saeed Ghumran Al Remeithi, EMSTEEL’s Group CEO, stated:
“Our first-half performance demonstrates EMSTEEL’s resilience and strategic agility in a dynamic global landscape. The 9% revenue growth and stable EBITDA are testaments to our focus on high-value products, efficient operations, and leadership in our domestic market. I commend our team for their continued ability to turn market challenges into opportunities for growth and innovation.”
He added, “As we progress in our decarbonisation efforts, key developments such as the introduction of our Green Finance Framework and our strategic alliance with Magsort represent pivotal steps toward a more sustainable and circular steel and cement value chain. With a strong financial base, firm ESG commitments, and a clear long-term roadmap, EMSTEEL is well-equipped to continue generating long-term value for all stakeholders.”
The Group recorded revenues of AED 4.3 billion for H1 2025, reflecting a 9% increase year-on-year. This performance was underpinned by robust operational output, with sales volumes of finished steel products climbing 24% YoY to reach 1,616 thousand tonnes. The uptick was largely fueled by strong demand in the UAE’s construction sector and EMSTEEL’s well-established market position.
During the first half of the year, the company maximised capacity utilisation and fully converted semi-finished goods into finished products to better serve customer needs. Sales of cement and clinker also rose 21% YoY to 1,613 thousand tonnes.
EBITDA grew 6% year-on-year to AED 540 million, with an EBITDA margin of 12.6%, slightly down from 12.8% in H1 2024. Despite pressure from lower market prices, improved production efficiencies in Q2 2025, along with enhanced capacity utilisation and ongoing process optimisation efforts, helped cushion the impact.
Net profit after tax stood at AED 188 million for the period, up from AED 174 million in the same timeframe last year.
The Emirates Steel division contributed AED 3.9 billion in revenue, a 7% increase from H1 2024, and delivered AED 449 million in EBITDA. Meanwhile, the Emirates Cement division posted revenues of AED 428 million, marking a 21% annual increase, and generated AED 91 million in EBITDA.
As part of its restructuring strategy, the “Pipes & Other” segment within the cement division is classified as Assets Held for Sale due to an ongoing divestment process. This segment brought in AED 90 million in revenue during the reporting period.
As of 30 June 2025, the Group maintained a healthy net cash position of AED 372 million, up from AED 337 million at the end of December 2024. On a quarterly basis, Q2 2025 revenues rose 18% YoY, with EBITDA improving by 27%.
Commenting on the results, Eng. Saeed Ghumran Al Remeithi, EMSTEEL’s Group CEO, stated:
“Our first-half performance demonstrates EMSTEEL’s resilience and strategic agility in a dynamic global landscape. The 9% revenue growth and stable EBITDA are testaments to our focus on high-value products, efficient operations, and leadership in our domestic market. I commend our team for their continued ability to turn market challenges into opportunities for growth and innovation.”
He added, “As we progress in our decarbonisation efforts, key developments such as the introduction of our Green Finance Framework and our strategic alliance with Magsort represent pivotal steps toward a more sustainable and circular steel and cement value chain. With a strong financial base, firm ESG commitments, and a clear long-term roadmap, EMSTEEL is well-equipped to continue generating long-term value for all stakeholders.”