Oman Industrial Sector Achieves 476 Percent Profit Growth In 2025

Post by : Mumtaaz Qadiri

The industrial sector in the Sultanate of Oman achieved remarkable performance in the second quarter of 2025. According to official reports, the combined net profits of industrial companies listed on the Muscat Stock Exchange rose to around RO 24.47 million. This was a massive improvement compared to only RO 4.25 million earned in the same period of 2024. The sector’s growth rate reached more than 476 percent, which is an extraordinary accomplishment. This success highlights the strength of Oman’s industrial companies and their ability to adapt to changes in the economy.

A Pillar Of The National Economy

This outstanding outcome shows the resilience of Oman’s industrial sector and its role as one of the main pillars of the national economy. Industries in Oman continue to demonstrate that they can withstand challenges and still deliver strong results. The improvement also reflects how industrial firms are making better use of available resources, adopting new strategies, and responding effectively to global and regional economic developments.

OQ Basic Industries Leading The Way

Among the companies, OQ Basic Industries (OQBI) delivered the most impressive turnaround. In the second quarter of 2024, OQBI had reported losses of RO 3.38 million. However, by the same period in 2025, it recorded profits of RO 9.95 million. This change not only erased past losses but also made OQBI the largest contributor to the sector’s improved results. The company’s performance highlights how strong management decisions and operational improvements can completely change outcomes within a short period.

Al Jazeera Steel Maintains Growth

Another success story comes from Al Jazeera Steel Company, which has been performing well for several quarters. In Q2 2025, the company posted a profit of RO 2.05 million, marking a growth rate of 168 percent compared to the previous year. This steady growth reflects both strong demand for its products and the company’s ability to operate efficiently in a competitive market.

Voltamp Energy Sees Strong Results

Voltamp Energy also contributed to the positive performance of the sector. Its profits increased to RO 2.69 million in Q2 2025, compared to RO 1.20 million in the same period of 2024. The rise shows a clear improvement in the company’s operations and its ability to meet market needs. As an energy-related company, Voltamp’s strong results also indicate healthy demand in Oman’s growing energy and infrastructure sector.

Oman Refreshments Company Surges

Oman Refreshments Company delivered one of the most surprising results of the quarter. Its profits rose by an incredible 822 percent, reaching RO 1.23 million in 2025. This extraordinary growth reflects both higher sales and improved cost management. The company’s ability to achieve such a leap in profits highlights how consumer goods companies in Oman can benefit from rising demand and better efficiency.

Oman Flour Mills Continues Stable Growth

Oman Flour Mills also showed positive results during this period. The company posted a 23 percent increase in profits, which demonstrates stability and continued demand for its products. Food companies like Oman Flour Mills play a vital role in ensuring food security, and their growth adds stability to Oman’s industrial sector as a whole.

Challenges In The Sector

Despite the overall strong performance, not all companies achieved growth. Some firms continued to face structural and operational challenges that affected their profitability. These challenges show that while the sector as a whole is resilient, individual companies must keep working to overcome their specific difficulties.

Oman Cement Faces Decline

Oman Cement Company experienced a drop in its profits. Its earnings fell by 32 percent, reaching RO 1.76 million in Q2 2025. The decline highlights the challenges faced by cement producers, such as high production costs, competition, and changes in demand. However, despite the dip, Oman Cement still remains an important contributor to the industrial sector.

Majan Glass Deepens Losses

Majan Glass Company continued to struggle during the second quarter of 2025. The company reported an increase in its losses by RO 0.39 million. This deepening loss shows that certain companies still face difficulties in managing costs, competing in the market, and finding sustainable growth strategies. The performance of Majan Glass also reflects the challenges that smaller or more specialized industrial companies face in a competitive environment.

Positive Signs From Dhofar Food And Raysut Cement

Not all struggling companies had negative results. Dhofar Food and Investment Company and Raysut Cement Company showed some positive signs. Both companies managed to reduce their losses compared to previous periods. This gradual improvement suggests that their strategies are starting to deliver results. Although they are not yet profitable, cutting down losses is an important step toward recovery.

Sector-Wide Lessons

The overall performance of Oman’s industrial sector in Q2 2025 provides several lessons. First, companies that adapt quickly to market changes and invest in efficiency can achieve remarkable growth, as seen in OQ Basic Industries and Oman Refreshments Company. Second, long-standing challenges in areas such as cement and glass production must be addressed with new strategies, innovation, and perhaps stronger partnerships. Finally, the results show that industrial companies in Oman have an important role to play in supporting the national economy.

Contribution To Oman’s Vision

Oman’s economic strategy, known as Vision 2040, aims to diversify the national economy and reduce dependence on oil revenues. The industrial sector is a key part of this plan, and the results of Q2 2025 show that progress is being made. With companies recording such high profits and growth, the sector is proving that it can be a strong contributor to Oman’s long-term goals of economic diversification and sustainability.

Importance Of Investor Confidence

The performance of industrial companies listed on the Muscat Stock Exchange also boosts investor confidence. When companies post strong profits, it attracts both local and international investors. This, in turn, brings more capital into the sector, which helps fund further growth and innovation. Oman’s ability to showcase strong results in its industrial sector sends a positive message to markets and investors.

Resilience Against Global Challenges

It is also important to note that the global economy continues to face challenges such as inflation, supply chain disruptions, and changing demand patterns. Despite these difficulties, Oman’s industrial sector has managed to deliver strong results. This resilience shows that the sector is becoming more flexible and better prepared to handle international uncertainties.

The success of Q2 2025 sets a strong foundation for the future. If companies continue to improve their performance, the industrial sector will become an even stronger part of Oman’s economy. While challenges remain for some companies, the overall trend is positive. The government, investors, and company leaders will need to work together to sustain this growth and ensure that all parts of the industrial sector move forward.

Oman’s industrial sector posted record-breaking profits in the second quarter of 2025, with total earnings rising to RO 24.47 million. The sector achieved an impressive 476 percent growth rate compared to 2024. Leading companies such as OQ Basic Industries, Al Jazeera Steel, Voltamp Energy, Oman Refreshments Company, and Oman Flour Mills delivered outstanding performances. At the same time, challenges remain for firms like Oman Cement and Majan Glass, though others like Dhofar Food and Raysut Cement are showing signs of recovery. These results highlight the sector’s resilience, its role as a major pillar of the national economy, and its importance in achieving Oman’s Vision 2040 goals for economic diversification and growth.

Oman industrial profits, Muscat Stock Exchange, OQ Basic Industries