Muscat: 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.

According to Oman News Agency, 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 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 recorded an 822 percent surge in its profits, posting RO 1.23 million, while Oman Flour Mills also maintained 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.