11 Hrs
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الاقتصادية
Emsteel UAE Profits Surge 157% in Q2 2026
Emstil Group of the UAE achieved strong financial results in the second quarter of 2026, with net profits skyrocketing by 157% to AED 262 million. Revenues also increased by 11% to AED 2.4 billion compared to the same period last year. Additionally, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 67% to AED 458 million, with profit margins improving to 19.1% from 12.8%. The steel sector's revenues grew by 9% to AED 2.1 billion, with EBITDA soaring by 71% to AED 382 million, supported by higher selling prices and efficiency improvements. The report highlighted the company's continued investments in innovation and its commitment to sustainability, including the launch of new products that support up to a 24% reduction in steel consumption, along with multiple awards recognizing its efforts in sustainability and quality. The company also strengthened its financial position, with net cash reserves increasing to AED 1.639 billion by the end of June 2026, up from AED 1.165 billion at the end of 2025. Additionally, revenues for the first half of 2026 grew by 6% compared to the previous year.
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