Emsteel announced a significant increase in profitability in the first quarter of 2026, driven by cost optimisation, higher pricing, and operational efficiencies, maintaining its position as a leading supplier to the UAE’s construction and industrial sectors.
The Abu Dhabi-listed steel and building products firm reported Dh2.2 billion in revenue for the March quarter, comparable to the same period last year. Ebitda increased 82% year on year to Dh483 million, raising the Ebitda margin to 22.3 percent from 12.3 percent a year ago, while net profit increased 246% to Dh299 million.
The company attributed the margin expansion to decreased raw material costs, tight cost controls, and a 3% increase in average selling prices for completed steel products compared to the previous year.
The steel segment remained the group’s major earnings engine, with revenues of Dh1.9 billion and Ebitda of Dh403 million, both up 79% year on year. Steel sales volumes fell 6% to 768,000 tonnes, partly due to a planned rolling plant maintenance closure in January. In contrast, cement and clinker volumes increased 32% to 1.1 million tons due to robust demand and improved output.
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