STEPPE CEMENT LTD - Half Year Results

Steppe Cement LTD delivered a strong investor update highlighting record company performance, resilient financial results, and a positive growth strategy supported by rising cement demand in Kazakhstan. The company reported record sales of more than 2 million tonnes, a 15 percent increase in first half sales volumes, and a 43 percent increase in revenue driven by higher prices and volumes, with management expecting stronger EBITDA, improved margins, and robust cash flow to support dividends and fund its Line 6 expansion. The project is progressing on schedule and is expected to increase annual production capacity to 2.5 million tonnes by 2028 while reducing operating costs and improving energy efficiency. With a strong balance sheet, competitive cost position, stable market share, and confidence in future demand, the company remains well positioned to deliver long term revenue growth, enhanced profitability, and increased shareholder value.