STEPPE CEMENT

Steppe Cement reported a net profit after tax of $9.0m for H1 2026, after a loss of $0.5m a year earlier. Cement sales rose 15% to 978,950 tonnes, group revenue was 29,588 million KZT (about $61.1m) and the average price per tonne increased markedly; gross margin improved from 21% to 34%. Operating profit was $11.8m, operating cash flow rose to $9.6m and net cash stood at around $16.7m. The board approved an interim dividend of 2 pence per ordinary share, payable in October 2026, and continues the capacity expansion to 2.5 million tonnes. » More on de.investing.com

Steppe Cement recorded a 33% revenue increase in the fiscal year to 31 Dec. 2025, reaching KZT 52.375 million (about USD 100 million), and sold 2.07 million t of cement, up 21%. The average cement price including delivery rose 10%; the company’s market share in Kazakhstan is 14.3%. It plans to raise production capacity to 2.5 million t by modernizing its clinker line from 3,000 to 4,500 t/day; investment costs are estimated at around USD 35 million, of which USD 5 million is for environmental measures. Steppe Cement expects USD 25 million in external financing, energy savings of up to USD 1.5 per tonne, and an EBITDA increase of about USD 8 million, with target completion in summer 2027; the board intends to keep the dividend at the current level under stable market conditions. » More on de.investing.com

Steppe Cement increased cement sales by 18.2% to 850,424 tonnes in the first half of 2025, achieving a 35% rise in revenue to 20,717 million KZT. Despite higher transport and supply costs, the company benefited from a growing domestic market in Kazakhstan, although its market share edged down slightly to 13%. New production capacities and favorable market conditions contributed to the growth. » More on de.investing.com