EMSTEEL Q3 net profit surges 99% to Dh190 million
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, announced its financial results for the third quarter of 2026. During the reporting period, EMSTEEL continued to strengthen its position as the UAE’s leading and reliable domestic producer of steel and building materials, ensuring supply continuity and supporting national demand. These…
EMSTEEL, a leading UAE steel and building materials manufacturer, reported a remarkable 99% surge in net profit for Q3 2026, reaching Dh190 million. The company's revenues grew by 15% to Dh2.5 billion, with EBITDA increasing by 35% to Dh381 million. EMSTEEL's Steel division contributed Dh2.2 billion in revenues, generating EBITDA of Dh306 million, a 34% YoY increase.
The company's Cement division also performed well, with revenues up by 12% to Dh252 million and EBITDA rising by 44% to Dh75 million. EMSTEEL maintained a strong cash position of Dh1.8 billion and achieved a 9% YoY revenue growth to Dh7.0 billion for the full year 2026. The company's commitment to sustainability was evident, as it received the EcoVadis Platinum recognition, up from Bronze the previous year.
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