Today's Edition
SARA ALZAABI (ABU DHABI)
EMSTEEL Group reported revenues of Dh6.5 billion in the first nine months of 2025, marking a 10% year-on-year rise, while net profit surged 209% to Dh283 million.
The performance was driven by strong UAE market demand, higher production efficiency, and continued innovation in sustainable steel, the company said in a statement. EBITDA reached Dh823 million, a 28% increase, with a 12.7% margin compared to 11.0% in 2024. The sharp rise in net profit reflects the release of a prior Dh83 million legal provision.
EMSTEEL’s net cash position strengthened to Dh711 million, compared to Dh337 million at the end of 2024.
In an interview with Aletihad, Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, highlighted the company’s resilience amid global market challenges and its continued innovation in green steel production.
Al Remeithi said: “EMSTEEL maintained strong revenues despite global headwinds, thanks to robust domestic demand, a value-driven product mix, and operational efficiency.” He noted that the Group’s focus on high-margin finished steel, cost discipline, and market leadership in the UAE ensured stable growth in a volatile global environment.
“Strong cash generation, a deleveraged balance sheet, and limited exposure to volatile export markets reinforced EMSTEEL’s resilience,” he added.
He emphasised that the company’s leadership in ESG and sustainability continues to position it as a trusted national partner.
On expanding its value-added and green steel portfolio, Al Remeithi said: “EMSTEEL has made strong progress in expanding its value-added and TrueGreen™ steel portfolio.”
The company has shifted production towards higher-margin finished products, focusing on rebar, wire rod, and rebar in coil, while phasing out billet and DRI sales.
He highlighted that demand for high-strength rebar (ES600) continues to rise. “This trend reinforces the company’s leadership in advanced construction materials,” he said.
Under its TrueGreen™ brand, EMSTEEL now delivers low-carbon steel with batch-level verified carbon disclosures. “We also introduced hydrogen-based rebar, used in Aldar’s Net Zero Mosque project, marking a major step toward true green, low-carbon steel production,” he said.
Speaking about the role of innovation, Al Remeithi stressed that “innovation is at the core of EMSTEEL’s competitiveness and long-term growth.” Through its Dh625 million Asset Enhancement Programme, the company is upgrading rolling mills with QST and TMCP technologies to meet global quality standards.
He revealed that EMSTEEL has deployed over 30 AI applications across operations, including predictive maintenance, energy optimisation, and what he described as “the world’s first AI-based Green Steel certification tool.”
He added that partnerships, such as with e&, to establish a private 5G network across steel facilities, have enabled real-time data visibility and automation, creating a “smart, connected production ecosystem.”
These innovations, he said, are transforming EMSTEEL into a “globally competitive and future-ready producer of stronger, cleaner, and smarter steel.”
On the company’s role in advancing the UAE’s industrial goals, Al Remeithi stated that “EMSTEEL’s performance directly supports the UAE’s industrial growth agenda under Operation 300bn and the country’s Net Zero 2050 vision.”
Looking ahead, Al Remeithi said the company moves into the next chapter “from a position of strength, with expanding EBITDA margins, a growing net cash position, and rising demand for low-carbon steel at commercial scale.”
