Omani Industrial Sector Posts
Remarkable Growth During 2ndQuarter of 2025

Muscat, 7 Sep (ONA) — The industrial
sector in the Sultanate of Oman registered unprecedented performance during the
second quarter of 2025, with the combined net profits of industrial companies
listed on Muscat Stock Exchange rising to approximately RO 24.47 million,
compared to a mere RO 4.25 million during the corresponding period in 2024,
posting a growth rate of more than 476 percent.

The accomplishment constitutes a clear
indicator of the sector’s resilience, its ability to adapt to economic developments and its position as a vital pillar of the national economy.

The outcome reflects the notable gains
made by major companies. Among those, OQ Basic Industries (OQBI) achieving a
significant transition, shifting from losses of RO 3.38 million in the second
quarter of 2024 to profits of RO 9.95 million in 2025. OQBI has thus become the
largest contributor to the sector’s improved results.

Al Jazeera Steel company maintained its marvelous upward
trend, posting 168 percent profit growth to RO 2.05 million, while Voltamp
Energy’s profits rose to RO 2.69 million, compared to RO 1.20 million during
the corresponding period in 2024. Oman Refreshments Company turned up with a huge 822
percent surge in its profits, posting RO 1.23 million, while Oman Flour Mills also
maintained good growth, posting 23 percent upward performance.

However, some companies still
face structural challenges. Oman Cement Company’s profits dipped by 32
percent to RO 1.76 million, while Majan Glass Company deepened its losses by RO
0.39 million. Yet, companies like Dhofar Food and Investment Company and
Raysut Cement Company showed positive signs after cutting down their losses,
compared to previous periods, and reflecting signs of gradual improvement in
their operational performance.

— Ends/Bishara