Recommended Free Tools
Steppe Cement did not report a 19% year-over-year revenue increase for the third quarter of 2025. The 19% figure applies to the six months ended 30 June 2025, when revenue rose to USD40.9 million from USD34.4 million. In the company’s separate third-quarter update, Q3 revenue increased 21% in Kazakhstani tenge (KZT) to KZT18,284 million, while revenue for the first nine months rose 28% to KZT39,002 million.
What Steppe Cement actually reported
Steppe Cement Ltd’s interim release covered the first half of 2025, not the third quarter. It reported revenue of USD40.9 million for the six months to 30 June 2025, up 19% from USD34.4 million in the corresponding period of 2024. H1 sales volume was 850,424 tonnes.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
Tech Mix Portland-Limestone Cement, 15 Pounds | $30.99 | Buy on Amazon |
| 2 |
|
PORTLAND CEMENT 47LB | $51.62 | Buy on Amazon |
| 3 |
|
Tech Mix Portland-Limestone Cement, 30 Pounds | $55.99 | Buy on Amazon |
As an Amazon Associate I earn from qualifying purchases.
The company’s Q3 trading update used a different period and reporting currency. For the three months ended 30 September 2025, revenue was KZT18,284 million, approximately USD34.1 million, compared with KZT15,085 million, approximately USD31.6 million, in Q3 2024. That represents a 21% year-over-year increase in KZT. The Q3 figures were identified by the company as unaudited.
H1, Q3 and nine-month figures compared
| Reporting period | 2025 revenue | Comparison with 2024 | Operating measure |
|---|---|---|---|
| Six months ended 30 June | USD40.9 million | Up 19% from USD34.4 million | 850,424 tonnes sold |
| Third quarter | KZT18,284 million (approximately USD34.1 million) | Up 21% in KZT from KZT15,085 million | 701,643 tonnes sold, up 13% |
| Nine months ended 30 September | KZT39,002 million | Up 28% from KZT30,520 million | Q3 product prices in KZT up 7% |
Why the percentages cannot be read as interchangeable
Steppe Cement operates in Kazakhstan and is described as a Malaysian investment holding company focused on producing and selling cement there. Its local operating results are generated in KZT, while the interim release also presents H1 revenue in U.S. dollars. Exchange-rate movements affect the result when KZT revenue is translated into USD, so a 19% increase measured in USD for H1 is not directly comparable with a 21% increase measured in KZT for Q3.
#1 Best Overall
- MULTIPURPOSE: Basic building material for crafts, pavement, sidewalks, reinforced concrete buildings, masonry units, and more
- MIX AND USE: Use to create concrete, mortar, and stucco mixes
- GREAT FOR DIY PROJECTS: Ideal for small crafts with forms and silicone molds
- HIGH STRENGTH: Solid once dry, dry in 48 hours
- LESS IS MORE: One bag yields approximately .16 cu. ft.
The periods also differ. H1 covers six months, Q3 covers one quarter, and the nine-month number combines the first three quarters. A headline that combines “19%” with “third quarter” therefore mixes the H1 growth rate with the Q3 period.
What drove Q3 revenue growth
Higher sales volume
Q3 cement sales reached 701,643 tonnes, 13% above the prior-year quarter. More tonnes sold provide the clearest operational explanation for part of the revenue increase.
Rank #2
Higher KZT product prices
Product prices in KZT rose 7% in Q3. The combination of a 13% increase in tonnes and a 7% increase in local-currency prices helps explain why Q3 revenue grew 21% in KZT, although revenue growth is not obtained by simply adding those percentages.
Free tools Windows power users keep installed
One-click scans. No signup required.
Nine-month accumulation
Through September, revenue totaled KZT39,002 million, up 28% from KZT30,520 million. This cumulative figure includes H1 and Q3 and should not be presented as a Q3-only result.
Rank #3
- MULTIPURPOSE: Basic building material for crafts, pavement, sidewalks, reinforced concrete buildings, masonry units, and more
- MIX AND USE: Use to create concrete, mortar, and stucco mixes
- GREAT FOR DIY PROJECTS: Ideal for small crafts with forms and silicone molds
- HIGH STRENGTH: Solid once dry, dry in 48 hours
- LESS IS MORE: One bag yields approximately .5 cu. ft.
How to interpret the later full-year figure
Investing.com reported in January 2026 that Steppe Cement’s 2025 full-year revenue reached KZT52,375 million, up 33%, and that cement sales volume reached 2.07 million tonnes, up 21%. Those figures provide subsequent full-year context, but they do not replace the company’s Q3 revenue of KZT18,284 million or its nine-month revenue of KZT39,002 million.
The accurate takeaway
- 19%: Steppe Cement’s H1 2025 revenue growth in USD, to USD40.9 million from USD34.4 million.
- 21%: Q3 2025 revenue growth in KZT, to KZT18,284 million from KZT15,085 million.
- 28%: nine-month 2025 revenue growth in KZT, to KZT39,002 million from KZT30,520 million.
For a precise headline, describe the 19% increase as a first-half result and the third-quarter increase as 21% in KZT. Keeping the period and currency attached to each percentage prevents the figures from being misread.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
