Abu Dhabi, United Arab Emirates : Emsteel Group (listed on the Abu Dhabi Securities Exchange under the symbol: EMSTEEL ), (“the Group”), one of the largest listed producers of steel and building materials in the region, today announced its financial results for the first nine months of 2025. Emsteel’s strong performance reflected favorable market conditions in the UAE and the Group’s ability to capitalize on emerging opportunities with high efficiency.

Key financial and operational results for the first nine months of 2025 :

• Emsteel achieved strong operational performance during the first nine months of 2025, with total steel sales increasing by 9% year-on-year. This growth was driven by robust demand in the UAE market and the optimization of production capacity through the conversion of semi-finished products into finished products, thereby meeting customer needs more efficiently. As a result, sales of finished steel products increased by 21% year-on-year to 2,428 tonnes (two thousand four hundred and twenty-eight tonnes), while cement and clinker sales grew by 17% year-on-year to 2,344 tonnes (two thousand three hundred and forty-four tonnes).
• Emsteel generated revenues of AED 6.5 billion during the first nine months of 2025, an increase of 10% compared to the same period last year.
• Earnings before interest, taxes, depreciation and amortization reached AED 823 million, a year-on-year growth of 28%, with a margin of 12.7% compared to 11% in the first nine months of 2024. The increase in the average selling price of steel by 3.5% year-on-year in the third quarter of 2025, along with optimization initiatives and the thoughtful use of production capacity, contributed to strengthening the EBITDA margin.
• Emsteel recorded a net profit of AED 283 million for the first nine months of 2025, a significant increase of 209% compared to the same period last year. This exceptional growth reflects the strength of the Group’s operational performance and is partly attributable to the lower base of comparison in 2024, as the results for that period were impacted by a one-off provision of AED 83 million related to a lawsuit, which was subsequently recovered in the fourth quarter of the same year following a judgment in Emsteel’s favor.
• Emirates Steel’s business unit recorded revenues of AED 5.8 billion, a 9% increase compared to the first nine months of 2024, and achieved earnings before interest, taxes, depreciation and amortization of AED 680 million, a 38% year-on-year growth .
• Emirates Cement's business unit generated revenues of AED 652 million, a 21% year-on-year increase, and posted EBITDA of AED 143 million. Within this unit, the pipes and other products segment is among the assets held for sale as part of the ongoing divestment process, and contributed AED 133 million in revenue during the period.
• The Group’s net cash balance increased to AED 711 million as of September 30, 2025, compared to AED 337 million as of December 31, 2024, reflecting a significant improvement in liquidity.
• During the third quarter of 2025, the group's revenues increased by 13% year-on-year, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 108%. This strong quarterly performance is attributable to the same fundamental factors that supported the results of the first nine months of the year.

Key business indicators for the third quarter of 2025:

• Emsteel has launched its True Green™ sustainable steel program, a new identity that unites Emsteel’s decades-long efforts to reduce emissions and sets a global standard for low-carbon steel production. The program relies on certified environmental product declarations and digital carbon footprint tracking technologies, enabling construction companies and financiers to achieve their emissions reduction targets and enhance their competitiveness in a market where sustainability has become a critical factor .

• Emsteel has launched the world’s first pioneering pilot project to use electric gas-treated (ePGH) heaters in direct reduction plants, by replacing gas-fired heaters with electric ones, which will contribute to reducing 2,200 tons of carbon dioxide emissions annually .
• Emsteel supplied 5,000 tons of bearing plates for the new floating movable bridge on the Suez Canal in Egypt, confirming its position as the only producer of hot-rolled plates in the Middle East and North Africa region, supporting global infrastructure projects.
• Emsteel supplied the region’s first hydrogen-based reinforcing steel for the construction of Abu Dhabi’s first carbon-neutral mosque, being developed by Aldar Properties in Sustainable City on Yas Island, in a move that represents a qualitative shift in green building practices and sustainable architecture .
• Emsteel has become the first company in the Middle East and North Africa region to obtain the global ( ResponsibleSteel™ ) certification, consolidating its leadership in the production of sustainable and responsible steel .
• Emstell has won several prestigious awards in recognition of its leadership in the areas of sustainability, innovation and safety, which reinforces its role in supporting the region’s transition towards zero neutrality .

On this occasion, Engineer Saeed Ghumran Al Remeithi, CEO of Emsteel Group, said : “ The strong performance during the first nine months of 2025 reflects Emsteel’s resilience and ability to achieve sustainable growth despite market volatility. The Group has proven that operational discipline, efficient management, and smart investment in opportunities are key factors in transforming market challenges into added value and stronger profit margins. Today, Emsteel is not only competing commercially, but also playing a pivotal role in establishing the region’s position in the low-carbon steel industry, in line with the UAE’s drive towards a more efficient and sustainable industrial sector . ”

He added: “In the next phase, we will continue to work on achieving sustainable value for our shareholders, customers, and the industrial ecosystem in the country, while continuing our transformation and development journey to enhance our competitiveness and build long-term value. Based on the Sustainable Steel (True Green™) program, we are moving forward in supporting a stronger and more sustainable industrial future for the UAE and our partners around the world.”

About the Emsteel Group :

Emsteel Group is a publicly listed company on the Abu Dhabi Securities Exchange (ADX) under the symbol : (EMSTEEL) . It is the largest manufacturer of steel, building materials, and construction products in the United Arab Emirates. The Group utilizes advanced technologies to supply local markets and over 70 markets worldwide with high-quality products, providing its customers with a comprehensive range of products from its two steel and building materials manufacturing units in the UAE .

The group plays a pivotal role in achieving the objectives of the National Industrial Strategy, "Project 300 Billion," by providing leading products to support local industries, creating job opportunities for Emirati citizens, and promoting sustainable practices. It is also a global leader in the manufacture of low-carbon iron and steel, in line with the UAE's strategic initiative to achieve climate neutrality by 2050 .

Based in Abu Dhabi, Emsteel operates 16 state-of-the-art factories with a total annual production capacity of 3.5 million tons of steel and 4.6 million tons of cement annually, making it one of the leading contributors to major construction projects in the UAE.

ADQ , a leading sovereign investment entity known for its dynamism and focus on critical infrastructure and supply chains, owns a majority stake in Emsteel Group .

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For more information, please visit our website www.emsteel.com

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