Emsteel has delivered a stellar financial performance for the third quarter of 2026, announcing a 99% jump in net profit to Dh190 million. This impressive growth was primarily fueled by an upward trend in steel prices and a disciplined approach to cost management. The Abu Dhabi-based firm saw its total revenue climb 15% to Dh2.5 billion, while its Ebitda rose by 35% to Dh381 million. Even in the face of regional geopolitical instability and complex supply chain challenges, the company successfully improved its Ebitda margin to 15.3%, proving its resilience in a volatile market environment.

The company’s growth was balanced across its core sectors, with the steel division benefiting from higher average selling prices and the cement division recording a 12% revenue increase to Dh252 million. Despite a slight dip in steel sales volumes due to export restrictions, the group maintained a robust cash position of Dh1.8 billion by the end of September. Group CEO Saeed Ghumran Al Remeithi attributed these results to the organization's operational flexibility and commitment to efficiency. Beyond financial success, Emsteel has made significant strides in sustainability, earning an EcoVadis Platinum rating and continuing its leadership role in global industrial decarbonization efforts.