ICG FY2025 profit before tax jumps 3.9x to SGD 96.7 million

Reuters
Feb 27
ICG FY2025 profit before tax jumps 3.9x to SGD 96.7 million

ICG reported FY2025 revenue of SGD 378.8 million, up 47%, with gross profit rising 60% to SGD 146.3 million and adjusted EBITDA up 78% to SGD 122.3 million. Profit before tax increased 387% to SGD 96.7 million, while profit after tax was SGD 75.2 million; net profit attributable to shareholders was SGD 60.0 million. FY2025 earnings per share were 1.046 Singapore cents and net asset value per share was 5.33 Singapore cents, up 29%. Net cash generated from operating activities rose 61.7% to SGD 104.6 million, and cash and cash equivalents increased to SGD 12.3 million. ICG said performance was driven by higher selling prices and increased sales volumes in Kazakhstan amid strong demand, improved volumes at Sharcem following the absence of prior-year railway scheduling issues, higher volumes from the Mohir cement plant in Tajikistan, and a full-year contribution from the Korcem cement plant. Gross profit margin improved to 39% from 36%, supported by demand in Kazakhstan linked to government policies and rising Chinese investments; the group also recorded a net foreign exchange gain of SGD 11.1 million in FY2025. During the year, ICG commenced exports to Kyrgyzstan in July 2025 and said it remains focused on defending and growing market share in Tajikistan through distributor collaboration and targeted incentive programmes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Cement Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: G8KJK4XLK765MBB7) on February 27, 2026, and is solely responsible for the information contained therein.

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