UAE-based steel company EMSTEEL has announced its financial results for the second quarter and the first half of this year.
In the second quarter, the company's revenue was 2.4 billion dirhams UAE ($653.5 million), up 11 percent year-on-year from a year earlier, while EBITDA increased 67% year-on-year to 457 million dirhams UAE ($124.4 million), EBITDA margin increased to 19.1% from 12.8% in the same period of 2025. Net profit for this quarter increased by 157 percent year-on-year to 262 million UAE dirhams (71.3 million dollars).
Revenue of the Emsteel steel division in the second quarter was 2.1 billion dirhams UAE (571.8 million dollars), which is nine percent more than last year, while EBITDA increased by 71% year-on-year to 382 million dirhams UAE (104 million dollars). The EBITDA margin of the division increased to 18.2% compared to 11.6% in the corresponding quarter of last year. 2025.
Of the total steel sales, including finished steel products and billets, it reached 806,000 tons, which in In general, it corresponds to the level recorded in the second quarter of this year. 2025.
Meanwhile, in the first half of 2026, Emsteel's revenue was 4.6 billion dirhams UAE ($1.25 billion), up six percent year-on-year from the previous year, while EBITDA increased by 74% year-on-year to 941 million dirhams UAE (256.2 millions of US dollars).
In the second quarter, Emsteel introduced high-strength steel reinforcement, which the company calls the most high-strength steel grade currently produced in the UAE. According to the company, this product reduces steel consumption by 18-24% in construction projects and is already being used in major projects throughout the UAE.
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