Favourable policies from the Kazakhstan’s government and rising Chinese investments resulted in higher demand for cements to support the construction activities in the country.
International Cement Group (SGX:KUO
) (ICG) has reported net profit attributable to shareholders of $60.0 million in FY2025 ended Dec 31, 2025, up from just $135,000 a year ago.
For FY2025, revenue grew by 47% y-o-y to $378.8 million, driven by higher selling prices and increased sales volumes from its Kazakhstan operations amid strong market demand.
