Steppe Cement Ltd

STCM · AIM · Construction and Materials · mcap £84m · 38.5p

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Financials · LTM to 30 Jun 26

Source: results 09 Sep 26 ↗

Revenue: –
Operating profit: –
Net income: –
Free cash flow: –
Net cash: £12.6m
Market cap: £83.5m
EV / EBIT: –
FCF yield: –
Price / book: 1.6×

Latest half-year · H1 26 vs H1 25 results 09 Sep 26 ↗

Net income: £6.7m
Cash from operations: £7.2m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it in the results of each period, newest first. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 09 Sep 26 · read the results ↗

The income statement could not be read from the annual results announcements – see Key figures.

	Latest Jun 26'000
Assets
Non-Current Assets
Property, plant and equipment	45,439
Right-of-use assets	15
Investment in subsidiary companies	-
Loan to subsidiary company	-
Other assets Investment in bond	15,000
Total Non-Current Assets	45,706
Current Assets
Inventories	19,046
Trade receivables Other receivables	4,482
Tax recoverable	928
Loans and advances to subsidiary companies	-
Cash and cash equivalents	11,433
Total Current Assets	36,018
Total Assets	81,724
(Cont'd)
STEPPE CEMENT LTD
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2026 (UNAUDITED)
The Group The Company
Unaudited Audited Unaudited Audited
30 June 2026 31 Dec 2025 30 June 2026 31 Dec 2025
Note USD'000 USD'000 USD'000 USD'000
Equity and Liabilities
Capital and Reserves
Share capital	61,050
Asset revaluation reserve	3,368
Translation reserve	(131,584)
Retained earnings / (Accumulated losses)	125,483
Total Equity	58,317
Non-Current Liabilities
Borrowings	1,755
Deferred taxes	2,919
Deferred income Lease Payable	-
Provision for site restoration	36
Total Non-Current Liabilities	6,410
Current liabilities
Trade and payables Other payables	183
Borrowings	866
Lease liabilities	5
Deferred income	140
Total Current Liabilities	16,997
Total Liabilities	23,407
Total Equity and Liabilities	81,724

	H1 26'000
Assets
Non-Current Assets
Property, plant and equipment	45,439
Right-of-use assets	15
Investment in subsidiary companies	-
Loan to subsidiary company	-
Other assets Investment in bond	15,000
Total Non-Current Assets	45,706
Current Assets
Inventories	19,046
Trade receivables Other receivables	4,482
Tax recoverable	928
Loans and advances to subsidiary companies	-
Cash and cash equivalents	11,433
Total Current Assets	36,018
Total Assets	81,724
(Cont'd)
STEPPE CEMENT LTD
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2026 (UNAUDITED)
The Group The Company
Unaudited Audited Unaudited Audited
30 June 2026 31 Dec 2025 30 June 2026 31 Dec 2025
Note USD'000 USD'000 USD'000 USD'000
Equity and Liabilities
Capital and Reserves
Share capital	61,050
Asset revaluation reserve	3,368
Translation reserve	(131,584)
Retained earnings / (Accumulated losses)	125,483
Total Equity	58,317
Non-Current Liabilities
Borrowings	1,755
Deferred taxes	2,919
Deferred income Lease Payable	-
Provision for site restoration	36
Total Non-Current Liabilities	6,410
Current liabilities
Trade and payables Other payables	183
Borrowings	866
Lease liabilities	5
Deferred income	140
Total Current Liabilities	16,997
Total Liabilities	23,407
Total Equity and Liabilities	81,724

	H1 26'000	H1 25'000
OPERATING ACTIVITIES
Profit/(Loss) before income tax	(601)	652
Adjustments for
Depreciation of property, plant and equipment	2,833	-
Depreciation of right-of-use Assets Capital reduction	-	-
Other non-cash items	896	(603)
Operating Profit Before Working Capital Changes	3,131	49
(Increase)/Decrease in
Inventories	1,056	-
Trade and other receivables, advances and prepaid expenses	(3,353)	(11)
Loans and advances to subsidiary companies	-	(98)
Increase/(Decrease) in
Trade and other payables, accrued and other liabilities	2,171	10
Cash Generated From/(Used In) Operations	3,005	(50)
Income tax paid	(661)	-
Interest paid	(173)	-
Net Cash Generated From/(Used In) Operating Activities	2,171	(50)
(Cont'd)
The Group The Company
6 months ended 6 months ended
30 June 2026 30 June 2025 30 June 2026 30 June 2025
USD'000 USD'000 USD'000 USD'000
INVESTING ACTIVITIES
Purchase of property, plant and equipment	(668)	-
Purchase of other assets	(28)	-
Interest received Acquisition of bond Repayment from subsidiary	-	-
Net Cash (Used In)/Generated From Investing Activities	(425)	-
FINANCING ACTIVITIES
Proceeds from borrowings	1,306	-
Repayment of borrowings	(2,034)	-
Net Cash (Used In) Financing Activities	(728)	-
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	1,018	(50)
EFFECTS OF FOREIGN EXCHANGE RATE CHANGES	185	-
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD	6,064	117
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD (NOTE	7,267	67

	H1 26	vs H1 25	H1 25
Revenue to operating profit
Depreciation (owned assets)	2.1	−3%	2.2
Operating profit to net income
Profit before tax	8.6	n/m	(0.5)
Net income (owners)	6.7	–	–
Per share
Dividend per share	1.5p	–	–

	H1 26	vs H1 25	H1 25
Operating activities
Cash from operations	7.2	+327%	1.7
Interest paid	(0.1)	−53%	(0.1)
Tax paid	(1.5)	+189%	(0.5)
Investing activities
Capex (PP&E)	(1.5)	+200%	(0.5)

	Latest Jun 26	FY 25
Non-current assets
Property, plant & equipment	35.4	33.7
Non-current assets	36.0	33.9
Current assets
Inventories	15.5	14.1
Cash	14.2	8.5
Current assets	37.9	26.7
Total assets	73.9	60.7
Current liabilities
Borrowings, current	0.0	0.6
Current liabilities	15.1	12.6
Non-current liabilities
Borrowings, non-current	1.6	1.3
Non-current liabilities	5.6	4.8
Total liabilities	20.7	17.4
Equity
Total equity	53.2	43.3
Net cash and other figures
Net cash / (debt) ex leases	12.6	–
Undrawn facilities	4.7	–

	H1 26	H2 25
Non-current assets
Property, plant & equipment	35.4	33.7
Non-current assets	36.0	33.9
Current assets
Inventories	15.5	14.1
Cash	14.2	8.5
Current assets	37.9	26.7
Total assets	73.9	60.7
Current liabilities
Borrowings, current	0.0	0.6
Current liabilities	15.1	12.6
Non-current liabilities
Borrowings, non-current	1.6	1.3
Non-current liabilities	5.6	4.8
Total liabilities	20.7	17.4
Equity
Total equity	53.2	43.3
Net cash and other figures
Net cash / (debt) ex leases	12.6	–
Undrawn facilities	4.7	–

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.