UAE's EMSTEEL reports Dhs2.2bn Q1 revenue, launches upgrade programme
One of the largest publicly traded steel and building materials manufacturers in the region,
The group's strong operational performance saw finished goods steel production rise 17 per cent and sales volumes increase 21 per cent YoY to 811,000 tonnes, buoyed by robust construction activity in the UAE and effective market positioning.
In contrast to Q1 2024, when nearly 100,000 tonnes of billets were sold, all semi-finished products in Q1 2025 were converted into finished goods to meet customer demand.
EMSTEEL divisional highlghts
Sales volumes for Emirates Cement also grew 17 per cent YoY.
Despite a 6 per cent drop in average steel prices and the absence of billet sales — which accounted for 10 per cent of Q1 2024 revenue — EMSTEEL posted Dhs266m in EBITDA, with an EBITDA margin of 12.3 per cent, compared to 13.7 per cent in the prior-year period. Profit before tax stood at Dhs94m, while net profit after tax was Dhs86m.
The Emirates Steel division contributed Dhs1.96bn in revenue and Dhs226m in EBITDA. Emirates Cement generated Dhs205m in revenue and Dhs40m in EBITDA.
Within the cement division, the Pipes & Other segment, currently under divestment and reported as Assets Held for Sale, contributed Dhs45m in revenue.
As of March 31, EMSTEEL reported a strong liquidity position with Dhs881m in cash on hand, up from Dhs823m at year-end 2024.
The group also announced the launch of a Dhs625m Asset Enhancement Programme aimed at upgrading rolling mills and expanding its portfolio to include high-strength steel products such as ES600 and ASTM Grade 80/100 rebars. Plans also include installing a new 500 KTPA wire rod outlet.
Comprehensive decarbonisation roadmap revealed
Additionally, EMSTEEL revealed its comprehensive decarbonisation roadmap, targeting a 40 per cent reduction in greenhouse gas emissions from its steel business and a 30 per cent reduction from its cement business by 2030, with net-zero emissions set for 2050.
Strategic agreements signed with Hafeet Rail Infrastructure and Minerals Development Oman (MDO) will facilitate sustainable cross-border transport of up to 4.2 million tonnes of raw materials annually from Oman to the UAE.
The group also partnered with
'EMSTEEL's performance in Q1 2025 underscores our ability to deliver consistent value through operational excellence and strategic foresight,' said Engineer Saeed Ghumran Al Remeithi, group CEO. 'Our strategic investments — ranging from decarbonisation and advanced production upgrades to regional logistics and solar infrastructure—demonstrate our long-term vision for sustainable, shareholder-driven growth.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
UAE's Calidus concludes successful participation at IDEF 2025 in Istanbul
27 July 2025 20:02 ISTANBUL (WAM)UAE-based Calidus Holding Group has concluded its successful participation in the 17th edition of the International Defence Industry Fair (IDEF 2025), held at the Istanbul Expo Centre from July 22 to 27, as part of the UAE National Pavilion, supervised by Tawazun Council for Defence Enablement (Tawazun).The Calidus stand witnessed strong engagement from senior officials, military leaders, and official delegations from around the world, who praised the advanced capabilities of the UAE's defence industry and commended Calidus products for their reliability, precision, and competitiveness on regional and global the exhibition, Calidus signed several agreements and memorandums of understanding, including an MoU with Türkiye's Presidency of Defence Industries (SSB) to support supply chain collaboration and industrial localisation programmes, as well as an MoU with CTech to explore joint satellite communications and data link projects for military Director and CEO of Calidus Holding Group, Dr. Khalifa Murad Al Blooshi, stated that the participation significantly boosted the company's international presence and showcased the technological innovations of the UAE's defence sector, particularly in AI-driven and next-generation defence solutions, all designed and manufactured exhibited a range of advanced solutions, including the MATV armoured combat support vehicle integrated with the Al Hedaa missile launcher, six variants of the Al Hedaa system, models of the B-250 light attack and B-250T advanced trainer aircraft, a mock-up of the CLS military vehicle production facility, and cutting-edge electro-optical and infrared company also presented its locally manufactured military chassis, built for high-load and extreme-condition performance. The company emphasised that its IDEF 2025 participation aligns with its broader vision to strengthen the UAE's role as a key player in the global defence landscape through technology localisation, strategic autonomy, and regional and international market expansion.
Khaleej Times
2 hours ago
- Khaleej Times
UAE: Visa waiver for some Pakistani passport holders comes into effect at all airports
The UAE and Pakistan have activated a visa waiver for diplomatic and official passport holders, said Ishaq Dar, deputy prime minister and foreign minister of Pakistan. In a statement on social media platform X, Dar said he met Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs earlier this week, where he was informed that the visa waiver has come into effect from July 25, 2025. The two countries signed a visa exemption agreement for diplomatic and official passports in the last week of July during the 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC) in Abu Dhabi. "In my meeting at Abu Dhabi on June 24, 2025, with my brother Deputy Prime Minister and Foreign Minister of UAE, Sheikh Abdullah bin Zayed Al Nahyan, we agreed mutual visa waivers on diplomatic and official passports between our two brotherly countries and we both signed a Memorandum of Understanding to make this arrangement effective and operative after 30 days of the signing of the said MoU. "I am pleased to confirm that I have been informed by the UAE authorities that the visa waiver for diplomatic and official Pakistani passports entering the UAE has been activated, effective July 25, 2025, at all UAE airports,' Dar said. On the reciprocal basis, he added that similar arrangements have also been activated for UAE nationals at all Pakistani airports. The UAE and Pakistan have close diplomatic, cultural and trade ties. There are over 1.7 million Pakistanis living and working in the UAE. In addition, hundreds of thousands of tourists from Pakistan visit the Gulf country every year. Pakistan's Prime Minister Shehbaz Sharif has visited the UAE numerous times ever since he took office. Importantly, this waiver is only for diplomatic and official passport holders and it is not applicable for ordinary passports.
UAE Moments
4 hours ago
- UAE Moments
Dubai Police Promotes First-Ever Female Brigadier
In a history-making move, Dubai Police have promoted Colonel Samira Abdullah Al Ali to Brigadier, making her the first woman ever to earn this prestigious rank since the force was founded in 1956. It's a major moment for the UAE — and a massive win for women in uniform. Brigadier Al Ali currently heads the Insurance Department at Dubai Police, a field she helped shape from the ground up. She joined the force in 1994, after graduating with a degree in insurance from UAE University and briefly working in the private sector. 'It was a newspaper ad that led me to join the academy,' she recalled. 'During my training, retired Major General Jasim Belramitha learned of my academic and professional background in insurance and invited me to work in that field within Dubai Police, which was still in its infancy at the time.' From humble beginnings in a tiny office with just two colleagues, she built a full-fledged department by 2000. Today, that department oversees every aspect of insurance related to the police force's assets — from vehicles to living property — and remains the only one of its kind across UAE police agencies. Samira also broke barriers in the General Department of Transport and Rescue, leading a team where no woman had worked before. With over 31 years of service, she's racked up an impressive resume: 🔹 392 medals, badges, and certificates of appreciation 🔹 225 development proposals submitted 🔹 A Master's in Business Administration and a Diploma in IT 🔹 Numerous awards for innovation, including the 'SAND' and 'Safe Driving Stars' initiatives 'This promotion is a source of pride for every woman in Dubai Police,' she said. 'It's a testament to the organisation's dedication to granting women equal opportunities to lead and serve their country.' Al Ali also thanked His Highness Sheikh Mohammed bin Rashid Al Maktoum for his consistent support of women's empowerment in the UAE. Off-duty? She's also a mom — her son works in chemical engineering — and credits discipline and commitment for helping her balance it all. 'With faith and effort, everything is possible,' she says — and her story proves it.
