Abu Dhabi, UAE - EMSTEEL, the Abu Dhabi-listed steel and building materials manufacturer, grew revenue 15% year on year to $681 million (AED 2.5 billion) in the three months to 30 September, while net profit rose 99% to $52 million (AED 190 million).
Group EBITDA for the quarter came to $104 million (AED 381 million), up 35% on Q3 2025. The EBITDA margin widened to 15.3%, from 13.1% a year earlier.
The company, which calls itself one of the region’s biggest listed producers of steel and building materials, said it kept supplying the UAE market without interruption during the quarter, reinforcing its role as the country’s leading and reliable domestic source of steel and building materials.
EMSTEEL said efficiency and cost-control measures applied across the group helped it deliver what it called resilient results and stronger profit margins.
Its Steel division took $599 million (AED 2.2 billion) in revenue, 15% more than a year earlier, and generated EBITDA of $83 million (AED 306 million), a rise of 34%.
The division’s EBITDA margin was 13.7%, against 11.9% in Q3 2025. EMSTEEL credited the annual gain to tight control of selling, general and administrative (SG&A) costs and a 17% rise in average selling prices for finished steel products.
Set against the previous quarter, however, the steel margin fell from 18.2% in Q2 2026 to 13.7%. The company said this mainly reflected higher costs tied to the regional geopolitical situation.
Stocks of raw materials bought at cheaper landed costs in the early months of the year were steadily used up and replaced by new deliveries brought in through alternative, more expensive logistics routes, it added.
The Cement division lifted revenue by 12% to $69 million (AED 252 million), and its EBITDA climbed 44% to $20 million (AED 75 million).
Cement’s EBITDA margin reached 29.7%, up from 23.3% a year before, a performance EMSTEEL put down to continued strong market demand.
Stripping out the Q3 2025 contribution of the Pipes & Other segment, which the group divested in December 2025, cement EBITDA was up 73% on a like-for-like basis.
Steel sales volumes, covering both finished products and billets, totalled 770,000 tonnes in the quarter, 5% below Q3 2025. EMSTEEL said the drop was mainly due to limits on exporting heavy sections and sheet piles.
Cement and clinker volumes moved the other way, growing 12% to 921,000 tonnes on what the company described as continued strong demand for cement products.
Net cash stood at $490 million (AED 1.8 billion) on 30 September 2026, a position EMSTEEL described as robust. That compares with $327 million (AED 1.2 billion) at the end of 2025 and $436 million (AED 1.6 billion) on 30 June 2026.
Over the first nine months of 2026, revenue rose 9% to $1.91 billion (AED 7.0 billion), and EBITDA was 61% higher than in the same period of 2025 at $354 million (AED 1.3 billion).
The quarter follows a second quarter in which EMSTEEL reported revenue of $654 million (AED 2.4 billion), up 11%, and a group EBITDA margin of 19.1%.
On the sustainability side, EMSTEEL has been given a second term as Co-Chair, alongside BASF, of the Alliance for Industry Decarbonization (AFID), which is led by the International Renewable Energy Agency (IRENA).
According to the company, the role places it at the centre of international work between industry, energy and finance on decarbonisation solutions that are practical and can be scaled up, especially in hard-to-abate sectors.
EMSTEEL’s EcoVadis sustainability rating rose to Platinum, the highest level, in 2026, up from Bronze a year earlier, after it scored 95 out of 100. The score put it in the 99th percentile, in the top 1% of all companies EcoVadis assessed globally over the preceding 12 months.
The company said the rating strengthens its standing as a responsible global supplier.
At the Gulf Sustainability Awards 2026, it collected five honours, four Gold Awards and one Bronze Award, in categories covering ESG reporting, sustainable products, environmental sustainability, the circular economy and sustainable technology innovation.
The initiatives recognised included the ES600 high-strength rebar, hydrogen-based steel, the reuse of industrial by-products, independently verified ESG reporting, and technologies for clean energy and industrial decarbonisation.
EMSTEEL launched ES600 in the second quarter, describing it as the highest-strength steel grade currently made in the UAE and saying it allows steel use to be cut by between 18% and 24%. Its hydrogen-based steel has already gone into building projects: the company supplied hydrogen rebar to Aldar for Abu Dhabi’s net-zero mosque in August 2025.
Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said: “EMSTEEL delivered strong results during the third quarter despite a challenging market environment marked by geopolitical uncertainty, supply chain disruptions, and cost pressures. Our ability to adapt quickly, maintain operational discipline, and respond proactively to changing market dynamics demonstrates the resilience of our business and the strength of our integrated operating model. These results reflect our continued focus on creating sustainable value for shareholders while ensuring reliable supply to support the UAE’s economic and infrastructure growth.”
He added: “Beyond our financial performance, we continue to strengthen EMSTEEL’s position as a global leader in responsible steelmaking and industrial sustainability. Achieving EcoVadis Platinum status and advancing our role in international decarbonization initiatives reflects the progress we are making and our belief that competitiveness and sustainability can go hand in hand. As the industry evolves, we remain committed to innovation, agility, and long-term growth, while supporting the UAE’s vision for a more sustainable and resilient industrial future.”
Headquartered in Abu Dhabi, EMSTEEL runs 14 plants that can turn out 3.5 million tonnes of steel and 4.6 million tonnes of cement a year, and supplies the UAE market and more than 70 international markets.
