Displaying items by tag: Results

Kazakhstan: Steppe Cement has announced that its revenue for the third quarter of 2025 has grown, principally due to increased sales volumes. The company’s revenue for the period rose by 21% year-on-year to US$34.0m. Sales volumes grew by 13% to 0.70Mt.

For the nine months that ended on 30 September 2025, Steppe Cement saw its revenues rise by 28% year-on-year to US$74.9m. Total sales volumes came to 1.55Mt, 15.7% higher than the 1.34Mt sold in the first nine months of 2024.

Steppe Cement’s CEO Javier del Ser Perez said "During the first nine months of 2025, the company has achieved record production volumes of clinker and cement, exceeding the results of any comparable period in previous years. The plant continues to increase production and remains focused on driving further growth whilst limiting the capex required."

Steppe Cement estimates that total cement demand for 2025 in Kazakhstan will be 13Mt, with the group's market share expected to stay at 14 - 15%.

India: Dalmia Bharat has reported an almost five-fold increase in consolidated net profit for the second quarter of the 2026 financial year (FY2026), which ended on 30 September 2025. The company’s net profit for the quarter was US$27.1m, up from US$5.6m a year earlier. The company’s revenue from operations rose by 10.7% year-on-year to US$388.3m.

At the same time, Dalmia Bharat announced that its 3.6Mt/yr Umrangso clinker line commenced trial production in September 2025 and is on schedule to start commercial production by the start of 2026. This will increase the company’s installed cement capacity from 49.5Mt/yr to 53.1Mt/yr.

Pakistan: Flying Cement reported a profit after tax of US$2.27m for the year ending 30 June 2025, a sharp rise from US$0.18m in the 2024 financial year. Net sales more than doubled to US$39.8m, supported by strong volume growth and favourable market conditions. Gross profit increased to US$6m, while operating profit rose to US$4.2m from US$0.65m the previous year.

Rwanda: Cement producer Cimerwa will invest about US$190m in a new clinker plant, aiming to reduce its dependence on imports and save an estimated US$2.88bn in foreign exchange over the next 25 years. CEO Mangesh Kumar Verma said the plant, which will be built in Musanze, is expected to begin operations within two years with a capacity of 0.72Mt/yr of clinker. The plant will meet the company’s local demand of 0.54Mt/yr, with the surplus exported. CIMERWA CEO, Mangesh Kumar Verma, said that if limestone reserves prove larger than expected, there is provision to add another line. The investment follows rising costs from importing clinker, which currently amount to around 0.36Mt/yr at a cost of US$3.7m–4.0m. Verma added that clinker makes up about 70% of cement production costs, rising to 95% when imported.

Cimerwa’s unaudited financial results for the nine months ending 30 June 2025 showed that revenues were up by 50% year-on-year to US$75m, driven largely by its July 2024 acquisition of Prime Cement. However, profit before tax dropped by 23% to US$7.7m, reportedly due to input cost increases and continued depreciation of the Rwandan Franc. The company said that the Musanze clinker plant will stabilise production costs and position Rwanda as a net exporter, supporting large-scale infrastructure projects such as the New International Airport in Bugesera.

Zimbabwe: PPC’s cement sales rose by 22% year-on-year during the four months to 31 July 2025 as demand surged, boosted by a 30% tariff on imports introduced in May 2025. The tariff was introduced through Statutory Instrument 50A of 2025, under a plan to bolster local production by cutting reliance on imports, and to support domestic manufacturers, according to The Chronicle newspaper.

In a statement accompanying financial results for the period, PPC said “Cement sales volumes in Zimbabwe increased by 22% in the current period compared to the comparable period, largely as a result of a combination of strong consumer demand and the positive impact of the introduction of a 30% tariff on imported cement in May 2025.”

Pakistan: Listed cement producers closed the 2025 financial year (ending 30 June 2025) with their best results in several years, posting a combined after-tax profit of US$593m. This was an increase of 38% from US$431m in the 2024 financial year. Revenue for the sector rose by 7% to US$3.1bn, supported by stronger retention prices, cheaper coal and greater reliance on efficient power sources, which lifted gross margins to 31%. Cement dispatches increased by 2% to 37.4Mt for the year, reflecting a modest rebound in volumes alongside firmer pricing. In the fourth quarter of the 2025 financial year, sales grew 5% year-on-year, with dispatches up 4% to 9.3Mt.

Italy: Rising sales volumes and declining energy prices have combined to boost the financial results of Umbria-based Cementerie Aldo Barbetti in 2024. It closed with a slight year-on-year profit increase from €23.0m to €23.7m. Year-on-year revenues increased by 5.2% from €174m to €183m.

Kazakhstan: Steppe Cement narrowed its losses in the first half of 2025 as higher sales volumes and stronger margins offset rising energy costs and inflationary pressures, according to Sharecast. The company reported revenue of US$40.9m for the six months ending 30 June 2025, up by 19% from US$34.4m in 2024, driven by an 18% increase in sales volumes to 850,000t. Net loss fell sharply from US$3.5m to US$0.5m in 2024.

The producer said that production costs remained flat in tenge terms despite higher electricity, diesel and consumable prices. Clinker output rose by 4% in the first six months and remains on track for 8% growth in 2025. The producer has reportedly invested in ecological compliance measures, including new filters, and commissioned a dynamic separator for its third raw mill. It is also exploring ways to boost clinker capacity at its Line 6 and optimise its wider asset base.

Kazakhstan’s cement market grew by 19% in the first half of 2025, supported by favourable weather, economic growth, infrastructure spending, population increases and subsidised mortgage lending. However, Steppe expects growth to slow in the second half of 2025. The company aims to maintain its domestic market share at around 14% for the full year, with total volumes between 1.8Mt and 1.85Mt. Exports fell from 0.45Mt to 0.4Mt in the same period of 2024, while imports increased to 7.7% of the market amid higher supply from Uzbekistan. Steppe Cement reported clinker and cement inventories valued at US$7.3m.

France: Hoffmann Green Cement Technologies recorded revenues of €3.5m in the first half of 2025, up by 8% year-on-year, driven by increased cement sales volumes. Earnings before interest, taxation, depreciation and amortisation (EBITDA) were -€5.7m, down from -€3.1m in the first half of 2024. Net income stood at -€8.4m, compared to -€5.0m in the first half of 2024, following higher depreciation and amortisation charges.

Production reached 19,640t, more than 2.5 times the 7833t produced in the first half of 2024, already exceeding total 2024 volumes. Cement was supplied to over 130 sites nationwide, producing more than 60,000m³ of clinker-free concrete delivered by 10,000 truck mixers. The company targets 50,000t of cement sold by the end of 2025 and positive EBITDA, subject to the signing of new licensing agreements.

Co-founders Julien Blanchard and David Hoffmann said “The first half of 2025 was characterised by a significant increase in our production volumes. Unlike the first half of 2024, during which we received a €2m entry fee from our American partner, all of our half-yearly revenue for 2025 is generated from cement sales, reflecting its growing adoption within the construction sector. Finally, we reiterate all of our objectives for 2030 and are targeting sales of 50,000t by the end of 2025, with the second half of the year traditionally being more favourable to the company's activity.”

China: Anhui Conch’s revenues fell by 9% year-on-year to US$5.77bn in the first half of 2025 from US$6.37bn in the same period in 2025. Its net profit grew by 32% to US$587m from US$445m. Its net sales of cement and clinker remained stable at 127Mt. The group said that despite facing “insufficient demand, intensified competition and volatile market conditions” it managed to improve its efficiency, reduce operation costs and expand its market. Notable cement sector achievements during the reporting period included signing a deal to buy selected assets from West China Cement in China, acquiring Conch West Papua Cement in Indonesia and completing a 5000t/day production line at Phnom Penh in Cambodia.