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According to a statement issued by EMSTEEL and distributed through the Emirates News Agency, the company’s steel division produced Dhs2.1 billion in second-quarter revenue that rose 9 percent from the prior year while generating Dhs382 million in EBITDA, a 71 percent increase that lifted the margin to 18.2 percent from 11.6 percent. The cement division recorded Dhs287 million in revenue, up 29 percent, along with Dhs75 million in EBITDA that advanced 47 percent for a 26.1 percent margin compared with 22.8 percent a year earlier. On a like-for-like basis after excluding the divested pipes segment, cement EBITDA would have grown 89 percent, the producer’s announcement showed, with the gains attributed to a 30 percent rise in average selling prices for cement products and sustained domestic demand. Disciplined management of selling, general and administrative costs further supported the overall improvement alongside a 10 percent increase in average selling prices for finished steel items.
EMSTEEL shipped 806,000 tonnes of finished steel products and billets during the quarter, holding roughly steady with 2025 levels. Cement and clinker sales volumes expanded 28 percent to 1.1 million tonnes as construction activity continued to absorb additional supply. The performance aligns with the company’s status as the UAE’s largest steel and building materials manufacturer, operating an integrated platform that supplies materials for major national infrastructure schemes.
For the first six months of 2026, the group lifted revenue 6 percent to Dhs4.6 billion and expanded EBITDA 74 percent to Dhs941 million, according to its interim figures. EMSTEEL closed June with a net cash position of Dhs1.639 billion, higher than the Dhs1.165 billion recorded at the end of December 2025 and the Dhs1.297 billion at the end of March 2026. The balance sheet improvement follows the December 2025 divestment of the pipes and other segment, allowing sharper focus on its core steel and cement operations.
IMARC Group data places the UAE steel market at USD 4.85 billion in 2025 with projected growth to USD 6.41 billion by 2034 at a compound annual rate of 3.05 percent, propelled by urbanisation, infrastructure spending and demand for lower-carbon materials. A Mordor Intelligence assessment forecasts the structural steel fabrication segment to rise from USD 2.19 billion in 2025 to USD 2.33 billion in 2026 and expand at a 6.31 percent annual pace through 2031, supported by the Operation 300 billion industrial drive and projects such as Etihad Rail. EMSTEEL commands a 71 percent share of domestic steel output and maintains annual production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement across 16 facilities, according to its disclosures.
The second-quarter results follow a November 2025 agreement with ADNOC Gas for a 20-year supply of lower-carbon natural gas valued between Dhs12.8 billion and Dhs15.4 billion to support operations starting in 2027, ADNOC Gas announced at the time of signing. The long-term contract secures energy inputs aligned with the company’s sustainability targets and capacity utilisation plans. As majority-owned by ADQ, EMSTEEL continues to align its output with national priorities in manufacturing diversification and green steel development.
Eng. Saeed Ghumran Al Remeithi, group chief executive officer of EMSTEEL, said in the statement, “EMSTEEL delivered strong performance in the second quarter of 2026, reflecting the effectiveness of its disciplined commercial strategy, operational excellence, and continued focus on cost optimisation across the business. While revenues grew by 11 per cent, our profitability improved significantly, with EBITDA increasing by 67 per cent YoY and margins expanding to 19.1 percent. These results demonstrate the strength of our integrated business model and our ability to create value in a dynamic market environment.” He added, “As the UAE continues to invest in infrastructure, manufacturing, and sustainable development, EMSTEEL remains uniquely positioned to support this growth through reliable domestic supply, advanced high-strength steel solutions, and industry-leading sustainability initiatives. We will continue investing in innovation, operational excellence, and product development to meet the evolving needs of our customers while creating sustainable long-term value for all stakeholders.”
