Foolad Mobarakeh AGM approves 55 rial dividend per share as 1404 gross profit grew more than 30 percent

According to Eghtesad Online, Foolad Mobarakeh Isfahan Steel Company held its annual general meeting and an extraordinary general meeting at 9 a.m. on Sunday, August 2, 2026 (11 Mordad 1405). The company reported that consolidated gross profit for the 1404 fiscal year grew more than 30 percent from the prior year, with operating profit up 26 percent and net profit up 30 percent. The meeting approved a cash dividend of 55 rials per share, which executives said reflected production damage from the war and would have been higher under normal conditions.

Executives said the company is completing 120 ongoing projects worth more than 8.5 billion euros as part of its 1414 (2035) vision, with the Hot Rolling Mill 2 project advancing from 37 percent to 64 percent completion during the 1404 fiscal year. Officials said a rise in the price of natural gas from 2,800 tomans in 1403 to 16,000 tomans in Dey 1404 weighed on profitability, while also reinforcing the company's energy independence projects, including piping seawater to Isfahan's industries and building solar power plants.