Abu Dhabi – Mubasher: EMSTEEL Building Materials registered 209% higher net profits at AED 283.42 million in the first nine months (9M) of 2025, compared to AED 91.62 million in 9M-24.

The revenues hiked by 10% year-on-year (YoY) to AED 6.46 billion in 9M-24 from AED 5.87 billion a year earlier, according to the financial results.

Similarly, the basic and diluted earnings per share (EPS) went up to AED 0.04 from AED 0.01.

As of 30 September 2025, the ADX-listed group delivered strong operational performance, increasing total steel sales volumes by 9% YoY.

Strong UAE market demand and optimized capacity utilization enabled the full conversion of semi-finished products into finished goods to better serve customers.

Quarterly Financials

In the third quarter (Q3) of 2025, the ADX-listed group turned profitable, generating AED 95.42 million in net profit, compared with a net loss of AED 82.85 million in Q3-24.

The company generated revenues totaling AED 2.16 billion in July-September 2025, an annual rise from AED 1.92 billion.

EMSTEEL reported basic and diluted EPS worth AED 0.014, against a loss per share of AED 0.012 a year earlier.

Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: “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,” Al Remeithi highlighted.

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.”

As of 30 June 2025, the net profits enlarged to AED 187.99 million from AED 174.47 million in the year-ago period.