Posted on 11 Feb 2026
Abu Dhabi-headquartered Emirates Steel, the wholly owned steel subsidiary of state-owned Emsteel, increased its finished steel sales volumes by 16% year-on-year to 3.3 million tonnes in 2025, supported by robust domestic demand, Kallanish notes.
The steelmaker generated AED 8 billion ($2.17 billion) in annual revenue, accounting for 89.9% of Emsteel group revenue, which reached AED 8.9 billion. This marked a 6% increase y-o-y, while the steel division's Ebitda rose sharply by 51% y-o-y to AED 1 billion, reflecting improved margins and stronger operational performance, according to the group’s unaudited preliminary financial disclosure.
Group's net profit increased by 23% y-o-y to AED 480.88 million from AED 392.39m a year earlier, however, the steel division's net profit has not been provided.
As of 31 December 2025, Emsteel further strengthened its balance sheet, posting a net cash position of AED 1.2 billion, up significantly from AED 337m a year earlier.
Group chief executive Saeed Ghumran Al Remeithi says the results reflect strong execution, higher volumes and margin expansion, alongside progress on strategic priorities. He highlights a continued focus on optimisation initiatives, disciplined growth and the group’s transition towards low-carbon steel and sustainable building materials, supported by targeted investments and partnerships.
Source:Kallanish
