One of the biggest publicly traded steel and construction materials producers in the area, EMSTEEL, reported Dhs2.4 billion in sales for the second quarter of 2026 on Friday. This represents an 11% increase over the same period last year.
For the second quarter of 2026, the group reported EBITDA of AED457 million, which is a 67% YoY growth. EBITDA margin increased to 19.1% from 12.8% in the second quarter of 2025. For the second quarter of 2026, EMSTEEL’s Steel division achieved EBITDA of AED382 million, a 71% YoY increase, and recorded revenues of Dhs2.1 billion, a 9% YoY improvement.
The EBITDA margin for the steel division was 18.2%, up from 11.6% in the second quarter of 2025. Disciplined SG&A cost reduction initiatives and a 10% YoY rise in average selling prices for completed steel products were the main drivers of the improvement. The cement division’s EBITDA margin increased from 22.8% to 26.1% in the second quarter of 2026. Outstanding market demand and a 30% YoY rise in average selling prices for cement products contributed to the cement division’s outstanding financial performance.
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