In an impressive showcase of financial strength, EMSTEEL has unveiled its Q1 2026 results, recording remarkable growth in both profit and earnings. This achievement is underpinned by lower operational costs, increased selling prices, and enhanced efficiency across the board.
The report highlights a revenue figure of AED2.2 billion for the first quarter, remaining largely stable when stacked against the same timeframe last year.
With an EBITDA of AED483 million, EMSTEEL enjoyed an 82% uptick from the previous year, resulting in a marked improvement in EBITDA margin, now standing at 22.3%, up from 12.3% in Q1 2025.
Key drivers behind this upward trajectory include a reduction in raw material costs, ongoing optimisation measures, and a selective price increase for their finished steel products. On average, prices climbed by 3% year-over-year, with a slight 1% increase from Q4 2025.
Net profit saw a significant leap to AED299 million, illustrating a striking 246% increase year-on-year.
EMSTEEL’s steel sector recorded AED1.90 billion in revenue for Q1 2026, contributing an EBITDA of AED403 million, reflecting a 79% year-on-year rise.
The cement division is also thriving, with revenue soaring by 31% year-on-year to AED269 million, and its EBITDA has now doubled to AED80 million.
When accounting for the divested Pipes & Other segment, the cement division's EBITDA rose by an impressive 169% year-on-year.
Total steel sales volumes reached 768,000 tonnes this quarter, including both finished products and billets, showing a 6% decrease year-on-year, due to planned maintenance of the rolling mill in January 2026.
Conversely, cement and clinker volumes surged 32% year-on-year, achieving 1.1 million tonnes due to robust demand and improved operational efficiency.
Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, noted the company’s strong start to 2026, with stable revenue streams and significantly improved profitability.
He emphasized that these results reflect the strength of EMSTEEL's integrated business model, showcasing the firm’s ability to navigate shifting market dynamics while bolstering the UAE’s industrial landscape.
Al Remeithi reaffirmed EMSTEEL’s commitment to adapting to regional changes, focusing on operational resilience and prudent risk management to support its clients and stakeholders effectively.
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