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An announcement from Steppe Cement ( (GB:STCM) ) is now available.
Steppe Cement reported a strong trading performance for 2025, with revenue up 33% to KZT 52.4 billion and cement sales volumes rising 21% to 2.07 million tonnes, all sold domestically, as Kazakhstan’s cement consumption surged to 14.5 million tonnes on the back of robust housing construction. Despite operating at maximum capacity and seeing only a slight dip in average USD prices per tonne, the company maintained a broadly stable market share at 14.3% amid higher imports and inflation, and plans to publish its full USD-denominated audited results in the second quarter of 2025.
The company announced a series of board changes, with long-standing chairman Xavier Blutel stepping down, former CEO Javier del Ser becoming executive chairman, and Petr Durnev appointed CEO, while strengthening its independent oversight with the appointments of Rupert Wood as senior independent non-executive director and finance veteran Saida Djarbolova as an independent non-executive director. Steppe Cement also unveiled a USD 35 million investment plan to lift capacity to 2.5 million tonnes by upgrading its clinker line 6, a project expected to complete in summer 2027, deliver energy savings and an estimated USD 8 million boost to EBITDA at current prices, funded partly with USD 25 million of local bank debt, while maintaining ongoing operations and aiming to keep dividends at current levels over the next two years subject to market conditions.
The most recent analyst rating on (GB:STCM) stock is a Hold with a £20.00 price target. To see the full list of analyst forecasts on Steppe Cement stock, see the GB:STCM Stock Forecast page.
Spark’s Take on GB:STCM Stock
According to Spark, TipRanks’ AI Analyst, GB:STCM is a Neutral.
Steppe Cement’s overall score is driven by strong cash flow and low leverage, positive corporate events, and attractive dividend yield. However, high P/E ratio and overbought technical indicators pose risks.
To see Spark’s full report on GB:STCM stock, click here.
More about Steppe Cement
Steppe Cement Ltd is an AIM-quoted Kazakh cement producer focused on the domestic Kazakh market, with operations concentrated mainly in the central region. The company manufactures and sells cement exclusively within Kazakhstan, serving a market driven by strong housing construction demand and competing against both domestic producers and rising imports.
Average Trading Volume: 71,629
Technical Sentiment Signal: Buy
Current Market Cap: £41.61M
For a thorough assessment of STCM stock, go to TipRanks’ Stock Analysis page.