International Cement Group (KUO) AGM presentation summary

Business footprint and competitive position

• Annual production capacity of 5.5 million tonnes, with operations across Central Asia and cement production in Kazakhstan and Tajikistan.

• Facilities include Mohir cement plant (1.2mt), Alacem cement plant (1.2mt), Sharcem cement plant (1.0mt), Korcem cement plant (1.5mt), Mohir grinding station (0.6mt) and a gypsum plasterboard plant (30 million sqm).

• Plants are positioned near markets and resources, including Dushanbe and Almaty; government partnerships include Kazakhstan’s G4 City project.

• A third Kazakhstan plant added 1.5mt of annual capacity in November 2024, establishing the largest dry-process cement producer in Kazakhstan.

FY2025 financial and operational highlights

• Korcem completed its first full year of operation; exports began to Kyrgyzstan, and Sharcem recorded its first profitable year after improving production yields and revenue.

• Revenue from continuing operations rose 47% to S$378.8m; net profit increased more than 29-fold to S$75.2m.

• Net cash from operating activities increased 62% to S$104.6m, supporting reinvestment, debt reduction and balance-sheet strength.

• Cement sales volume reached 4.73m tonnes in 2025; revenue five-year CAGR was 20.21%.

• FY2025 EBITDA was S$122.3m; net profit was S$75.2m.

Cash flow and balance sheet

• FY2025 net cash from operating activities was S$104.578m; net cash used in investing activities was S$66.677m and net cash used in financing activities was S$30.931m.

• Cash and cash equivalents were S$12.338m at FY2025 year-end.