Abu Dhabi – Mubasher: EMSTEEL Building Materials witnessed resilient performance in the first quarter (Q1) of 2025, strengthening the UAE’s domestic market position amid rising global economic headwind.
The net profits hit AED 86.28 million as of 31 March 2025, versus AED 128.22 million in Q1-24, according to the financial results.
Basic and diluted earnings per share (EPS) declined to AED 0.013 in Q1-25 from AED 0.019 in Q1-24, while the revenues grew by 1% to AED 2.15 billion from AED 2.13 billion.
Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: “Amid a shifting global landscape, we continue to invest in innovation, sustainability, and regional partnerships that future-proof our business and reinforce our commitment to the UAE’s industrial growth.”
“Our strategic investments—ranging from decarburization and advanced production upgrades to regional logistics and solar infrastructure—demonstrate our long-term vision for sustainable, shareholder-driven growth,” Al Remeithi mentioned.
He noted: “These initiatives are designed not only to strengthen our competitiveness, but also to unlock value across the business as we continue to align operational execution with environmental responsibility and market demand.”
At the end of December 2024, the group’s total revenues fell by 6% year-on-year (YoY) to AED 8.33 billion from AED 8.89 billion.
