Kaspi.kz JSC KSPI
Guidance confirmed strategy: New market Revenue decelerating ◦
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Kaspi.kz JSC operates a super-app platform primarily in Kazakhstan, organized into two reportable segments: Marketplace and Fintech. The Marketplace segment facilitates e-commerce transactions between consumers and merchants, generating revenue through platform commissions and merchant service fees. The Fintech segment provides consumer and merchant lending, payment processing, and deposit-taking under the Group's banking license, earning net interest income and transaction-based fees. The Group is extending this model internationally through its majority ownership of Hepsiburada, a Turkish e-commerce marketplace, and the post-period acquisition of Hepsi Bank A.S. to provide integrated financial services within the Turkish platform. Customer deposit accounts and a large registered user base underpin both business lines, with the integrated super-app structure designed to drive cross-utilization of marketplace and financial products across the same customer base.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Kaspi.kz JSC reported H1 2026 group revenue of KZT 2,192,782 million, a 22.5% increase from KZT 1,789,352 million in H1 2025, with Marketplace segment revenue growing 27.2% to KZT 1,028,033 million and Fintech segment revenue rising 23.9% to KZT 884,468 million 43. Adjusted EBITDA rose 6.9% to KZT 765,101 million and operating cash flow reached KZT 797,926 million, up significantly from KZT 324,983 million in H1 2025 43. Customer accounts grew 8.0% to KZT 8,132,007 million at 30 June 2026, and the Group declared total dividends of KZT 323,201 million (KZT 850 per share) during H1 2026 43.
Management commentary on the 2026-Q2 results (6-K-EX99.1, 2026-08-10):
„Reflecting our confidence in the outlook, our Board has proposed increasing the quarterly dividend by 18% to KZT1,000 per ADS.“ – Mikheil Lomtadze, Co-Founder and CEO 42
„If we're successful, the potential reward is significant, and Kasper can fundamentally change how customers interact with our services.“ – Mikheil Lomtadze, Co-Founder and CEO 42
Revenue · 2026-Q21,112,152KZTm+15.0 % vs. 2025-Q2
Net profit · 2026-Q2258,889KZTm+0.1 % vs. 2025-Q2
EPS · 2026-Q21,355.90KZT+1.0 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, the company guides EBITDA (adjusted) to around 5% YoY (initiated). 32.
ProfitabilityFor Q2 2026, net income was KZT 258,889 million with diluted EPS of KZT 1,355.9, and capital expenditures were KZT 56,402 million 143. Q2 2026 operating cash flow was KZT 711,417 million and free cash flow was KZT 655,015 million 143. H1 2026 net income was KZT 510,796 million, marginally below KZT 512,678 million in H1 2025 despite the substantial revenue increase 43.
LeverageThe Group held cash of KZT 998,610 million as of Q2 2026 end 143. Customer deposit accounts, the primary funding base for Fintech segment lending, stood at KZT 8,132,007 million at 30 June 2026, rising from KZT 7,531,286 million at 31 December 2025 43. The Tier 1 capital ratio improved to 20.8% at 30 June 2026 from 19.6% at 31 December 2025 43.
Management viewSubsequent to the H1 2026 period, the Group completed the acquisition of Rabobank A.S. on 14 July 2026, which was renamed Hepsi Bank A.S. on 30 July 2026, adding a banking entity to support integrated financial services in Turkey alongside Hepsiburada 43. The Board proposed a further dividend of KZT 1,000 per share on 6 August 2026, subject to shareholders' approval 43. During H1 2026, the Group executed a share buy-back programme acquiring 737,578 ADSs for KZT 28,368 million 43.
ChangeNon-performing loans increased to KZT 547,942 million (7.0% of gross loans) at 30 June 2026 from KZT 466,845 million (6.2% of gross loans) at 31 December 2025, reflecting a deterioration in credit portfolio quality 43. H1 2026 Adjusted EBITDA growth of 6.9% was well below group revenue growth of 22.5%, with the margin gap driven by higher operating costs and financing charges from the Hepsiburada consolidation 43. Net income declined marginally year-over-year in H1 2026 despite strong revenue growth, as incremental costs from the expanded Group perimeter offset revenue gains 43.
Risks (current)Customer concentration in merchant and consumer lending portfolios represents a structural exposure, and potential liquidity gaps from maturity mismatches or deposit withdrawals are an ongoing consideration for the deposit-funded lending model 35. The Group is subject to a class action lawsuit and investigations by Turkish regulatory authorities in connection with Hepsiburada, with potential adverse judgments and financial penalties 35. Tenge volatility presents macroeconomic exposure to the Group's financial position and the cost of USD-denominated acquisition financing 35.
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Price & Chart#
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
International expansion into Türkiye via the Hepsiburada controlling-stake acquisition and Hepsi Bank integration
The acquisition closed and reporting now splits Kazakhstan & Other from Türkiye as a distinct segment, with Türkiye revenue of 288,255 in 2026-Q1, making cross-border scaling a primary lever on group revenue (40, 42, 43, 35)
The acquisition closed and reporting now splits Kazakhstan & Other from Türkiye as a distinct segment, with Türkiye revenue of 288,255 in 2026-Q1, making cross-border scaling a primary lever on group revenue (40, 42, 43, 35)
Marketplace platform (largest revenue segment)
Marketplace revenue of 1,028,033 in 2026-H1 is the largest of the three segments; Marketplace Platform grew 23% in FY2025 (43, 32)
Marketplace revenue of 1,028,033 in 2026-H1 is the largest of the three segments; Marketplace Platform grew 23% in FY2025 (43, 32)
Payments platform
Payments revenue of 327,174 in 2026-H1; Payments Platform grew 12% in FY2025, the slowest of the three (43, 32)
Payments revenue of 327,174 in 2026-H1; Payments Platform grew 12% in FY2025, the slowest of the three (43, 32)
Türkiye operations (Hepsiburada / Hepsi Bank)
Türkiye reported as a separate segment at 288,255 in 2026-Q1; Hepsi Bank shopping loan integrated into Hepsiburada and Hepsi Bank acquired (formerly Rabobank A.Ş.) in July 2026 (40, 42)
Türkiye reported as a separate segment at 288,255 in 2026-Q1; Hepsi Bank shopping loan integrated into Hepsiburada and Hepsi Bank acquired (formerly Rabobank A.Ş.) in July 2026 (40, 42)
e-Commerce within Marketplace
e-Commerce revenue of 394,000 in 2026-Q2 with 35% growth (42)
e-Commerce revenue of 394,000 in 2026-Q2 with 35% growth (42)
AI-assisted shopping (Kasper) product traction
Kasper personal AI shopping assistant launched July 2026; no revenue or usage metrics disclosed yet (42)
Kasper personal AI shopping assistant launched July 2026; no revenue or usage metrics disclosed yet (42)
Group revenue and earnings trajectory
Quarterly revenue rose to 1,112,152 in 2026-Q2 from 967,501 in 2025-Q2; net income of 258,889 broadly stable year over year (143)
Quarterly revenue rose to 1,112,152 in 2026-Q2 from 967,501 in 2025-Q2; net income of 258,889 broadly stable year over year (143)
Sector trend: Group revenue KPIs are trending higher, led by double-digit platform growth in Marketplace and Fintech and by the newly consolidated Türkiye operations, while Payments growth is the most moderate; the change-flag reads growth as accelerating with no formal guidance issued (43, 32, 42).
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2026 · 10 events
2026-Q2 · Apr – Jun 2026
„Reflecting our confidence in the outlook, our Board has proposed increasing the quarterly dividend by 18% to KZT1,000 per ADS.“ – Mikheil Lomtadze, Co-Founder and CEO 42
Revenue decelerating ◦ 2026-08-10
Q2 2026 total Kaspi.kz revenue grew 15% YoY to KZT 1.1T, decelerating from Q1's 31.5% pace; e-Commerce GMV +28% YoY (constant currency) to KZT 1.3T; Marketplace GMV +15% YoY (constant currency) to KZT 2.3T 42
Q2 2026 total Kaspi.kz revenue grew 15% YoY to KZT 1.1T, decelerating from Q1's 31.5% pace; e-Commerce GMV +28% YoY (constant currency) to KZT 1.3T; Marketplace GMV +15% YoY (constant currency) to KZT 2.3T 42
Guidance confirmed 2026-08-10
Full-year 2026 guidance reiterated; management noted average net loan portfolio growth as more representative of Fintech growth than TFV originations 42
Full-year 2026 guidance reiterated; management noted average net loan portfolio growth as more representative of Fintech growth than TFV originations 42
New market 2026-08-10
Completed acquisition of Rabobank A.Ş. in Türkiye in July 2026, rebranded Hepsi Bank A.Ş., with planned capitalization of approximately USD 300M; Fintech expansion into Türkiye targeted from 2027 42
Completed acquisition of Rabobank A.Ş. in Türkiye in July 2026, rebranded Hepsi Bank A.Ş., with planned capitalization of approximately USD 300M; Fintech expansion into Türkiye targeted from 2027 42
2026-Q1 · Jan – Mar 2026
„My personal investment alongside Tencent and other long-term investors reflects my strong confidence in Kaspi.kz's long-term opportunity. As co-founder and CEO, I remain fully aligned with all shareholders.“ – Mikheil Lomtadze, Co-Founder and CEO 38
„Success means consumer engagement metrics at Hepsiburada continuing to move toward levels we have achieved in Kazakhstan.“ – Mikhail Lomtadze, CEO and co-founder 32
revenue 2026-05-14
Q1 2026 consolidated revenue rose 31.5% YoY to KZT 1,080,630M; Marketplace segment +48.8% to KZT 519,860M partly driven by Hepsiburada consolidation; Fintech segment +25.3% to KZT 429,553M 40
Q1 2026 consolidated revenue rose 31.5% YoY to KZT 1,080,630M; Marketplace segment +48.8% to KZT 519,860M partly driven by Hepsiburada consolidation; Fintech segment +25.3% to KZT 429,553M 40
New market 2026-05-14
Türkiye revenue more than doubled to KZT 288,255M in Q1 2026 from KZT 148,585M in Q1 2025 following Hepsiburada acquisition completed January 2025; Türkiye reached 50% of e-Commerce GMV 38 40
Türkiye revenue more than doubled to KZT 288,255M in Q1 2026 from KZT 148,585M in Q1 2025 following Hepsiburada acquisition completed January 2025; Türkiye reached 50% of e-Commerce GMV 38 40
Margin compressing 2026-05-11
Consolidated Adjusted EBITDA +9% YoY to KZT 368B while net income was broadly stable (-1% YoY) at KZT 252B; cost of funding for deposits rose 220 bps YoY to 14.3% due to interest rate increases in Kazakhstan 38
Consolidated Adjusted EBITDA +9% YoY to KZT 368B while net income was broadly stable (-1% YoY) at KZT 252B; cost of funding for deposits rose 220 bps YoY to 14.3% due to interest rate increases in Kazakhstan 38
earnings 2026-03-02
Hepsiburada Adjusted EBITDA reached breakeven in Q4 2025 and was TRY 1.1 billion positive for FY 2025 despite targeted investment spending throughout the year 32
Hepsiburada Adjusted EBITDA reached breakeven in Q4 2025 and was TRY 1.1 billion positive for FY 2025 despite targeted investment spending throughout the year 32
revenue 2026-03-02
FY 2025 consolidated revenue grew 60% to KZT 4,046 billion; underlying revenue excluding Türkiye increased 19% YoY in line with guidance, with Marketplace Platform underlying revenue and net income growing 30% and 14% YoY respectively 32 35
FY 2025 consolidated revenue grew 60% to KZT 4,046 billion; underlying revenue excluding Türkiye increased 19% YoY in line with guidance, with Marketplace Platform underlying revenue and net income growing 30% and 14% YoY respectively 32 35
Guidance initiated 2026-03-02
2026 guidance initiated: consolidated Adjusted EBITDA growth of approximately 5% YoY including Türkiye for the first time; Hepsiburada to be managed to approximately Adjusted EBITDA breakeven near-term 32
2026 guidance initiated: consolidated Adjusted EBITDA growth of approximately 5% YoY including Türkiye for the first time; Hepsiburada to be managed to approximately Adjusted EBITDA breakeven near-term 32
2025 · 14 events
2025-Q4 · Oct – Dec 2025
2025-Q3 · Jul – Sep 2025
Divestiture 2025-11-13
Group signed agreement to sell Portmone Group payment processing operations to an unrelated third party; no material gain or loss was recognized 31
Group signed agreement to sell Portmone Group payment processing operations to an unrelated third party; no material gain or loss was recognized 31
EBITDA turned negative ◦ 2025-11-10
Hepsiburada EBITDA decreased 74% YoY in Q3 2025 due to targeted investments in delivery, marketing, BNPL, and app UX, turning Adjusted EBITDA negative before recovering to breakeven in Q4 2025 30
Hepsiburada EBITDA decreased 74% YoY in Q3 2025 due to targeted investments in delivery, marketing, BNPL, and app UX, turning Adjusted EBITDA negative before recovering to breakeven in Q4 2025 30
Margin expanding 2025-11-10
Marketplace Platform take rate increased 80 basis points YoY to 10.3% in both Q3 and 9M 2025, driven by value-added services including advertising, delivery, and classifieds 30
Marketplace Platform take rate increased 80 basis points YoY to 10.3% in both Q3 and 9M 2025, driven by value-added services including advertising, delivery, and classifieds 30
2025-Q2 · Apr – Jun 2025
„As always, I would like to thank every Kaspi.kz and Hepsiburada employee for their dedication to our consumers, merchants and partners. To our long-term shareholders, thank you for your ongoing trust and support.“ – Mikheil Lomtadze, Chief Executive Officer and co-founder 28
Revenue accelerating 2025-08-04
Advertising revenue increased 91% YoY in 1H 2025, with new tools including Merchant Cashbacks added to the platform 28
Advertising revenue increased 91% YoY in 1H 2025, with new tools including Merchant Cashbacks added to the platform 28
Margin expanding 2025-08-04
Marketplace Platform revenue grew 29% YoY in 1H 2025, outpacing GMV growth of 17%, driven by Kaspi Advertising, Kaspi Delivery, and Classifieds expanding revenue monetization ahead of volume 28
Marketplace Platform revenue grew 29% YoY in 1H 2025, outpacing GMV growth of 17%, driven by Kaspi Advertising, Kaspi Delivery, and Classifieds expanding revenue monetization ahead of volume 28
New market 2025-08-04
Kaspi Pay QR integrated with 5 local banks and AliPay+ global partner network, expanding the addressable market for Payments Platform services beyond Kazakhstan 28
Kaspi Pay QR integrated with 5 local banks and AliPay+ global partner network, expanding the addressable market for Payments Platform services beyond Kazakhstan 28
2025-Q1 · Jan – Mar 2025
„Its strong transaction activity that resulted in rapid financial growth across our business.“ – Mikheil Lomtadze, CEO and co-founder 20
Guidance cut 2025-05-12
FY 2025 full-year net income growth guidance revised down to approximately 15% from prior approximately 20% due to higher deposit costs and macro-provisioning from elevated interest rates 26
FY 2025 full-year net income growth guidance revised down to approximately 15% from prior approximately 20% due to higher deposit costs and macro-provisioning from elevated interest rates 26
Acquisition 2025-05-12
Kaspi.kz acquired 65.41% stake in Hepsiburada for approximately USD 1,127 million, consolidating Türkiye's leading e-commerce platform into the Marketplace Platform 26 27
Kaspi.kz acquired 65.41% stake in Hepsiburada for approximately USD 1,127 million, consolidating Türkiye's leading e-commerce platform into the Marketplace Platform 26 27
Acquisition 2025-05-12
Share purchase agreement signed to acquire Rabobank's Turkish subsidiary Rabobank A.Ş., subject to regulatory approval; approximately USD 300 million investment expected post-closing to combine e-commerce and fintech capabilities in Türkiye 26 27
Share purchase agreement signed to acquire Rabobank's Turkish subsidiary Rabobank A.Ş., subject to regulatory approval; approximately USD 300 million investment expected post-closing to combine e-commerce and fintech capabilities in Türkiye 26 27
Guidance initiated 2025-03-10
2025 consolidated net income expected to grow ~20% YoY excluding Hepsiburada contribution 23
2025 consolidated net income expected to grow ~20% YoY excluding Hepsiburada contribution 23
Strategic pivot 2025-02-24
Kaspi.kz listed on Nasdaq in January 2024; shareholder base breadth and depth increased significantly with improved liquidity 20
Kaspi.kz listed on Nasdaq in January 2024; shareholder base breadth and depth increased significantly with improved liquidity 20
Acquisition 2025-02-24
Hepsiburada 65.41% acquisition closed 29 January 2025 for ~USD 1,127 million; Türkiye's retail market approximately 4x Kazakhstan's size 20
Hepsiburada 65.41% acquisition closed 29 January 2025 for ~USD 1,127 million; Türkiye's retail market approximately 4x Kazakhstan's size 20
2024 · 14 events
2024-Q4 · Oct – Dec 2024
Margin expanding 2025-03-10
Marketplace Take Rate reached 9.7% for FY 2024, up from 9.5% in 1H 2024, reflecting increased shopping events and growth in delivery and marketing revenue 23
Marketplace Take Rate reached 9.7% for FY 2024, up from 9.5% in 1H 2024, reflecting increased shopping events and growth in delivery and marketing revenue 23
Revenue decelerating ◦ 2025-02-24
Q4 2024 revenue and net income +28% YoY; Marketplace GMV growth accelerated in the final quarter 20
Q4 2024 revenue and net income +28% YoY; Marketplace GMV growth accelerated in the final quarter 20
2024-Q3 · Jul – Sep 2024
„Payments Platform remains as healthy as ever.“ – Mikheil Lomtadze, CEO and co-founder 15
Guidance confirmed 2024-10-18
FY 2024 consolidated net income growth ~25% YoY confirmed at 9M 2024 reporting 15
FY 2024 consolidated net income growth ~25% YoY confirmed at 9M 2024 reporting 15
Acquisition 2024-10-18
Signed agreement on 17 October 2024 to acquire 65.41% of Hepsiburada for ~USD 1,127 million; closing expected in Q1 2025 15
Signed agreement on 17 October 2024 to acquire 65.41% of Hepsiburada for ~USD 1,127 million; closing expected in Q1 2025 15
New market 2024-10-18
Formal letter of interest submitted to participate in privatisation of Humo payments system in Uzbekistan 15
Formal letter of interest submitted to participate in privatisation of Humo payments system in Uzbekistan 15
2024-Q2 · Apr – Jun 2024
„Investors should keep in mind though, that we're working on our plans to grow Kaspi.kz outside of Kazakhstan and when we think the time is right, we won't hesitate to put our capital to work.“ – Mikheil Lomtadze, Chief Executive Officer and co-founder 9
revenue 2024-07-22
H1 consolidated revenue +38% YoY to KZT 1.2 trillion, compared to +40% in 1Q 2024 9
H1 consolidated revenue +38% YoY to KZT 1.2 trillion, compared to +40% in 1Q 2024 9
Margin expanding 2024-07-22
Marketplace Take Rate increased to 9.5% in 1H 2024 from 8.5% in 1H 2023, boosted by value-added services growth 9
Marketplace Take Rate increased to 9.5% in 1H 2024 from 8.5% in 1H 2023, boosted by value-added services growth 9
New market 2024-07-22
e-Grocery expanded to Shymkent, Kazakhstan's third largest city, covering ~50% of Kazakhstan's total retail trade 9
e-Grocery expanded to Shymkent, Kazakhstan's third largest city, covering ~50% of Kazakhstan's total retail trade 9
2024-Q1 · Jan – Mar 2024
„The first half of the year has gotten off to a strong start.“ – Mikheil Lomtadze, CEO and co-founder 5
„Some investors have expressed their skepticism when it comes to the economics of e-Grocery, but we think our numbers put this debate to bed.“ – Mikheil Lomtadze, CEO and co-founder 1
Revenue accelerating ◦ 2024-04-22
Revenue +40% YoY to KZT 553B in 1Q 2024, driven by strong growth across all platforms 5
Revenue +40% YoY to KZT 553B in 1Q 2024, driven by strong growth across all platforms 5
Revenue accelerating ◦ 2024-04-22
Marketplace revenue +108% YoY to KZT 150B, driven by e-Commerce GMV +114% and value-added services expansion 5
Marketplace revenue +108% YoY to KZT 150B, driven by e-Commerce GMV +114% and value-added services expansion 5
Revenue accelerating ◦ 2024-02-26
FY 2023 consolidated revenue +51% YoY to KZT 1,913,490 million driven by growth across all platforms; Marketplace segment revenue +87% YoY 1 2
FY 2023 consolidated revenue +51% YoY to KZT 1,913,490 million driven by growth across all platforms; Marketplace segment revenue +87% YoY 1 2
Margin expanding 2024-02-26
Payments Platform net income grew 55% vs 44% revenue growth YoY; Payments and Marketplace Platforms share of consolidated net income rose to 66% from 60% in 2022 1
Payments Platform net income grew 55% vs 44% revenue growth YoY; Payments and Marketplace Platforms share of consolidated net income rose to 66% from 60% in 2022 1
Guidance initiated 2024-02-26
Q1 2024 net income expected up approximately 25% YoY with healthy and predictable consumer and merchant environment 1
Q1 2024 net income expected up approximately 25% YoY with healthy and predictable consumer and merchant environment 1
2023 · 3 events
2023-Q4 · Oct – Dec 2023
Acquisition 2024-02-29
Acquired 39.758% of Kolesa JSC from Baring Vostok for KZT 42,195 million; trust management agreement conferred control over Kazakhstan's leading automotive classifieds platforms 2 6
Acquired 39.758% of Kolesa JSC from Baring Vostok for KZT 42,195 million; trust management agreement conferred control over Kazakhstan's leading automotive classifieds platforms 2 6
Margin expanding 2024-02-26
e-Grocery net income margin reached 6% in 4Q 2023 as 1P model scaled in Almaty launch market 1
e-Grocery net income margin reached 6% in 4Q 2023 as 1P model scaled in Almaty launch market 1
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Key Figures (KZTm)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue (KZTm) · annual basis, as reported
Net income (KZTm) · annual basis, as reported
EPS (KZT) · annual basis, as reported
Operating cash flow (KZTm) · annual basis, as reported
Revenue (KZTm) · quarterly basis, as reported
Net income (KZTm) · quarterly basis, as reported
EPS (KZT) · quarterly basis, as reported
Operating cash flow (KZTm) · quarterly basis, as reported
Cash (KZTm) · annual basis, as reported
Capex (KZTm) · annual basis, as reported
FCF (KZTm) · annual basis, as reported
D&A (KZTm) · annual basis, as reported
Cash (KZTm) · quarterly basis, as reported
Capex (KZTm) · quarterly basis, as reported
FCF (KZTm) · quarterly basis, as reported
Fiscal years
Amounts in KZTm · EPS in KZT per share · as reported
| Period | Revenue | Net income | EPS (KZT) | OCF | Source |
|---|---|---|---|---|---|
| FY2025 | 4,046,074 | 1,067,707 | 5,592 | 673,611 | 143 |
| FY2024 | 2,532,156 | 1,056,834 | 5,431 | 581,892 | 25 |
| FY2023 | 1,913,490 | 848,770 | 4,381 | 1,106,128 | 13 |
Quarters
Amounts in KZTm · EPS in KZT per share · as reported
| Period | Published | Revenue | Net income | EPS (KZT) | EBITDA (adj.) | FCF | Cash | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-08-12 | 1,112,152 | 258,889 | 1,355.9* | 397,242 | 655,015 | 998,610 | 143 |
| 2026-Q1* | 2026-05-11 | 1,080,630 | 251,907 | 1,319.34* | 367,859 | 53,547 | 797,075 | 38 |
| 2025-Q4* | 2026-03-13 | 1,146,548 | 276,983 | 1,450.67* | – | 388,058 | 903,143 | 34 |
| 2025-Q3* | 2025-11-13 | 1,110,174 | 278,046 | 1,458 | – | -143,649 | 501,519 | 131 |
| 2025-Q2* | 2025-08-06 | 967,501 | 258,629 | 1,343 | 377,855 | 398,186 | 1,077,948 | 29 |
| 2025-Q1* | 2026-05-14 | 821,851 | 254,049 | 1,305.54* | 337,566 | -151,497 | 686,622 | 140 |
| 2024-Q4* | 2025-02-24 | 730,351 | 316,401 | 1,625.96* | – | 255,337 | 619,470 | 20 |
| 2024-Q3* | 2024-10-29 | 649,754 | 274,376 | 1,409 | – | 163,430 | 506,634 | 17 |
| 2024-Q2* | 2024-08-01 | 599,237 | 242,617 | 1,246 | – | 255,415 | 594,862 | 10 |
| 2024-Q1* | 2024-04-30 | 552,814 | 223,440 | 1,151 | – | -188,016 | 668,058 | 7 |
| 2023-Q4* | 2024-02-29 | 570,793 | 247,993 | 1,280.04* | – | 429,110 | 820,466 | 2 |
| 2023-Q3* | 2024-10-29 | 508,436 | 232,492 | 1,200.03* | – | -126,590 | – | 117 |
| 2023-Q2* | 2024-08-01 | 439,257 | 194,076 | 1,005 | – | 532,606 | – | 110 |
| 2023-Q1* | 2024-04-30 | 395,004 | 174,209 | 903 | – | 220,745 | – | 107 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income, Op. income (adj.), EPS adj., Net Debt, Net Debt/EBITDA (not reported in any source for these periods).
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Balance Sheet & Cash Flow (KZTm)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in KZTm · as reported
| Period | Published | Cash | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 2026-03-13 | 903,143 | 78,252 | 673,611 | 182,513 | 491,098 | 34 |
| FY2024 | 2025-02-25 | 619,470 | 28,834 | 581,892 | 95,726 | 486,166 | 21 |
| FY2023 | 2024-02-29 | 820,466 | 25,554 | 1,106,128 | 50,257 | 1,055,871 | 2 |
Quarters
Amounts in KZTm · as reported
| Period | Published | Cash | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-08-12 | 998,610 | 711,417 | 56,402 | 655,015 | 143 |
| 2026-Q1 | 2026-05-11 | 797,075 | 86,509 | 32,962 | 53,547 | 38 |
| 2025-Q4 | 2026-03-13 | 903,143 | 460,062 | 72,004 | 388,058 | 34 |
| 2025-Q3 | 2025-11-13 | 501,519 | -111,434 | 32,215 | -143,649 | 131 |
| 2025-Q2 | 2025-08-06 | 1,077,948 | 449,651 | 51,465 | 398,186 | 29 |
| 2025-Q1 | 2026-05-14 | 686,622 | -124,668 | 26,829 | -151,497 | 140 |
| 2024-Q4 | 2025-02-24 | 619,470 | 286,347 | 31,010 | 255,337 | 20 |
| 2024-Q3 | 2024-10-29 | 506,634 | 195,752 | 32,322 | 163,430 | 17 |
| 2024-Q2 | 2024-08-01 | 594,862 | 278,651 | 23,236 | 255,415 | 10 |
| 2024-Q1 | 2024-04-30 | 668,058 | -178,858 | 9,158 | -188,016 | 7 |
| 2023-Q4 | 2024-02-29 | 820,466 | 436,066 | 6,956 | 429,110 | 2 |
| 2023-Q3 | 2024-10-29 | – | -112,326 | 14,264 | -126,590 | 117 |
| 2023-Q2 | 2024-08-01 | – | 554,450 | 21,844 | 532,606 | 110 |
| 2023-Q1 | 2024-04-30 | – | 227,938 | 7,193 | 220,745 | 107 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q2 · KZTm · 12/17)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Source |
|---|---|---|---|---|---|---|
| Marketplace | 2023-Q1 | 2026-H1 | 6M? | 1,028,033 | – | 43 |
| Fintech | 2023-Q1 | 2026-H1 | 6M? | 884,468 | – | 43 |
| Payments | 2023-Q1 | 2026-H1 | 6M? | 327,174 | – | 43 |
| Kazakhstan & Other | 2025-Q1 | 2026-Q1 | 3M | 804,458 | – | 40 |
| Türkiye | 2025-Q1 | 2026-Q1 | 3M | 288,255 | – | 40 |
| e-Commerce | FY2024 | 2026-Q2 | 3M | 394,000 | 35% | 42 |
| Marketplace Platform | FY2023 | FY2025 | 12M | 900,000 | 23% | 32 |
| Payments Platform | FY2023 | FY2025 | 12M | 659,000 | 12% | 32 |
| Fintech Platform | FY2023 | FY2025 | 12M? | – | 20% | 32 |
| Fintech including Türkiye | – | FY2025 | – | – | – | 35 |
| Marketplace including Türkiye | – | FY2025 | – | – | – | 35 |
| Payments including Türkiye | – | FY2025 | – | – | – | 35 |
| Kazakhstan | FY2024 | FY2024 | 12M | 2,521,508 | – | 23 |
| Ukraine | FY2024 | FY2024 | 12M | 5,569 | – | 23 |
| Azerbaijan | FY2024 | FY2024 | 12M | 5,079 | – | 23 |
| m-Commerce | FY2024 | FY2024 | 12M | 2.7 | 19% | 20 |
| e-Grocery | – | 2024-H1 | – | – | – | 9 |
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Products & M&A (16/57 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| Hepsi Bank Fintech expansion in Türkiye | 2027 | Launched | 42 |
| Kasper personal AI shopping assistant | 2026-07 | Launched | 42 |
| Hepsi Bank shopping loan integrated into Hepsiburada | 2026-07 | Launched | 42 |
| Issuance of USD 600 million debt securities at 5.9% fixed rate maturing in 2031 | 2026-04 | Launched | 40 |
| Kaspi AI assistant rollout to all merchants | 2026-01 | Launched | 30 |
| Hepsiburada share capital increase | 2025-09 | Launched | 30 |
| Glovo restaurant delivery integration | 2025-09 | Launched | 30 |
| Kaspi Travel domestic holidays within Kazakhstan launch | 2025-06 | Launched | 28 |
| Kaspi Restaurants launch | 2025-06 | Launched | 28 |
| Kaspi Pay QR integration with AliPay+ and global partners | 2025-06 | Launched | 28 |
| Kaspi Pay QR integration with 5 local banks | 2025-06 | Launched | 28 |
| 6-month consumer term deposit launch (3×) | 2025-04 | Launched | 28 |
| Debt securities issuance (2×) | 2025-03 | Launched | 35 |
| Merchant Cashbacks advertising product addition | 2025 | Launched | 28 |
| Kaspi Alaqan (pay-by-palm) (4×) | 2025 | Launched | 35 |
| Eurobonds issuance (2×) | 2025 | Launched | 26 |
| Kaspi Travel expansion to holiday packages (2×) | 2025 | Launched | 6 |
| Buy-Inventory-Now-Pay-Later (BINPL) | 2024-12 | Launched | 23 |
| Removal of banking service fees from new Fintech contracts | 2024-09 | Launched | 23 |
| Digital Gift Cards (3×) | 2024-09 | Launched | 23 |
| Business Deposit for merchants (2×) | 2024-09 | Launched | 23 |
| Deposit account for merchants launch | 2024-08 | Launched | 15 |
| International expansion initiatives | 2024-06 | Launched | 9 |
| e-Grocery expansion to Shymkent (4×) | 2024-03 | Launched | 1 |
| e-Grocery additional locations in Almaty and Astana | 2024-03 | Launched | 5 |
| e-Cars 1P marketplace launch (2×) | 2024-03 | Launched | 1 |
| e-Cars | 2024 | Launched | 23 |
| NASDAQ listing | 2024 | Launched | 20 |
| Kaspi Red shopping club cards expansion | 2024 | Launched | 23 |
| Kaspi Juma promotional event | 2024 | Launched | 23 |
| Kaspi Delivery express delivery | 2024 | Launched | 20 |
| Kaspi Advertising (3×) | 2024 | Launched | 23 |
| Further e-Cars product launches | 2024 | Launched | 9 |
| Additional large dark store opening in Almaty | 2024 | Launched | 9 |
| Kaspi Tours launch | 2023-12 | Launched | 15 |
| Car e-commerce business launch via Kolesa | 2023-10 | Launched | 6 |
| e-Grocery transition to first-party business | 2023-02 | Launched | 6 |
| Retail revenue line item introduced | 2023 | Launched | 6 |
| Merchant and Micro Business Finance | 2023 | Launched | 23 |
| Kaspi Travel product offering expansion | 2023 | Launched | 1 |
| Kaspi Tours vacation package marketplace (3×) | 2023 | Launched | 5 |
| Kaspi Shopping Register | 2023 | Launched | 6 |
| Kaspi Postomats expansion to around 7,000 units | 2023 | Launched | 1 |
| Kaspi POS Register | 2023 | Launched | 23 |
| Kaspi Juma promotional event expansion to three times annually | 2023 | Launched | 1 |
| Kaspi Delivery service expansion | 2023 | Launched | 1 |
| Government Services partnership | 2023 | Launched | 6 |
| E-Grocery | 2023 | Launched | 23 |
| Classifieds (2×) | 2023 | Launched | 23 |
| B2B vertical-specific products development | 2023 | Launched | 1 |
| Kaspi Cloud LLC establishment | 2022-01 | Launched | 23 |
| e-Grocery business launch | 2021 | Launched | 6 |
| Portmone (Ukraine payments platform) | 2021 | Launched | 6 |
| Kaspi Postomats | 2021 | Launched | 23 |
| Kaspi B2B Payments | 2021 | Launched | 23 |
| Kaspi Travel | 2020 | Launched | 23 |
| ARK Balance LLP distressed asset management subsidiary | 2013-12 | Launched | 35 |
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M&A (31)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 21Divestitures/exits · 4older: 6 (in the table)
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Hepsi Bank A.Ş. rename | 2026-07 | Completed | 43 |
| Hepsi Bank (formerly Rabobank A.Ş. acquisition) | 2026-07 | Completed | 42 |
| $600 million 5.900% five-year Eurobond issuance | 2026-04 | Completed | 38 |
| Hepsiburada full-quarter consolidation | 2026-01 | Completed | 38 |
| Additional purchase of 32,885,686 Hepsiburada shares increasing shareholding to 85.17% | 2026-01 | Completed | 34 |
| Additional Hepsiburada share purchase | 2026-01 | Completed | 35 |
| Hepsiburada acquisition - increased to 85.17% (2×) | 2025-12 | Completed | 35 |
| Final Hepsiburada payment | 2025-07 | Completed | 28 |
| Rabobank A.Ş acquisition (5×) | 2025-03 | Completed | 43 |
| 7th ADS buy-back program (2×) | 2025-02 | Completed | 34 |
| Business combination of Hepsiburada (Türkiye marketplace) | 2025 | Completed | 35 |
| Hepsiburada Acquisition (11×) | 2024-10 | Completed | 35 |
| Acquisition of shares in D-Market Elektronik Hizmetler ve Ticaret A.Ş. (Turkey) | 2024-09 | Completed | 18 |
| Kolesa.kz acquisition and e-Cars vertical integration | 2024-06 | Completed | 9 |
| GDR Buyback Program 6th | 2024-01 | Completed | 17 |
| Trust Management Agreement for 11% of Kolesa JSC shares | 2023-10 | Announced | 2 |
| Kolesa acquisition (8×) | 2023-10 | Completed | 23 |
| Merger of Kaspi Office 2 LLC with Kaspi Office LLP | 2023-04 | Completed | 2 |
| Magnum E-commerce Kazakhstan acquisition (11×) | 2023 | Completed | 13 |
| Kolesa investment (2×) | 2023 | Completed | 23 |
| Kolesa acquisition (car and real estate classifieds) | 2023 | Completed | 35 |
| Kaspi Office 2 LLC acquisition | 2022-12 | Completed | 23 |
| Turbo.az (cars) | 2019 | Completed | 6 |
| Tap.az (classifieds) | 2019 | Completed | 6 |
| Bina.az (real estate) | 2019 | Completed | 6 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Repayment of subordinated debt fourth issue | 2025-07 | Divested | 34 |
| Repayment of third bond program first issue | 2025-01 | Divested | 34 |
| Discontinuation of 1P e-Cars business (2×) | 2025 | Divested | 35 |
| London Stock Exchange delisting | 2024-03 | Divested | 1 |
| Portmone Group sale (2×) | 2021-10 | Divested | 34 |
| IC Basel JSC divestiture | 2021-01 | Divested | 6 |
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Reported KPIs (as disclosed) (865)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-08-12 | 2026-H1 | Total Equity June 2026 | 2,730,505 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Total Equity Dec 2025 | 2,601,577 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Total Capital Ratio June 2026 | 20.8% | 43 |
| 2026-08-12 | 2026-H1 | Total Capital Ratio Dec 2025 | 19.6% | 43 |
| 2026-08-12 | 2026-H1 | Total Assets June 2026 | 12,057,493 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Total Assets Dec 2025 | 11,081,748 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Tier 1 Capital Ratio June 2026 | 20.8% | 43 |
| 2026-08-12 | 2026-H1 | Tier 1 Capital Ratio Dec 2025 | 19.6% | 43 |
| 2026-08-12 | 2026-H1 | Operating Cash Flow H1 2026 | 797,926 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Operating Cash Flow H1 2025 | 324,983 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Net Income Q2 2026 | 258,889 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Net Income Q2 2025 | 258,629 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Net Income H1 2026 | 510,796 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Net Income | 512,678 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Loans to Customers June 2026 | 7,439,812 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Loans to Customers Dec 2025 | 7,172,162 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Customer Accounts June 2026 | 8,132,007 | 43 |
| 2026-08-12 | 2026-H1 | Customer Accounts Dec 2025 | 7,531,286 | 43 |
| 2026-08-12 | 2026-H1 | Cash and Cash Equivalents June 2026 | 998,610 (KZT in millions of KZT) | 43 |
| 2026-08-12 | 2026-H1 | Cash and Cash Equivalents Dec 2025 | 903,143 (KZT in millions of KZT) | 43 |
| 2026-08-10 | 2026-Q2 | e-Commerce Revenue (constant currency) | $820 million | 42 |
| 2026-08-10 | 2026-Q2 | e-Commerce Purchases (year-over-year growth) | 33% | 42 |
| 2026-08-10 | 2026-Q2 | e-Commerce VAS Revenue Growth (constant currency) | 49% | 42 |
| 2026-08-10 | 2026-Q2 | e-Commerce GMV (constant currency) | $2.6 billion | 42 |
| 2026-08-10 | 2026-Q2 | e-Commerce 3P take rate | 16.1% | 42 |
| 2026-08-10 | 2026-Q2 | Total merchants | 900 thousand | 42 |
| 2026-08-10 | 2026-Q2 | Total active consumers | 26 million | 42 |
| 2026-08-10 | 2026-Q2 | Payments take rate | 1.00% | 42 |
| 2026-08-10 | 2026-Q2 | Payments revenue | $351 million | 42 |
| 2026-08-10 | 2026-Q2 | Payments TPV | $26.3 billion | 42 |
| 2026-08-10 | 2026-Q2 | Monthly transactions per active consumer (Kazakhstan) | 77 | 42 |
| 2026-08-10 | 2026-Q2 | Marketplace revenue | $1.1 billion | 42 |
| 2026-08-10 | 2026-Q2 | Marketplace GMV (constant currency) | $4.8 billion | 42 |
| 2026-08-10 | 2026-Q2 | Kaspi.kz total revenue | $2.3 billion | 42 |
| 2026-08-10 | 2026-Q2 | Kaspi.kz net income | $539 million | 42 |
| 2026-08-10 | 2026-Q2 | Kasper recommendations guiding to specific product | 60% | 42 |
| 2026-08-10 | 2026-Q2 | Kasper conversations producing tailored recommendation | 80% | 42 |
| 2026-08-10 | 2026-Q2 | Kasper adoption (within one month of launch) | 20% | 42 |
| 2026-08-10 | 2026-Q2 | Hepsiburada ownership stake | 86.7% | 42 |
| 2026-08-10 | 2026-Q2 | Fintech revenue | $946 million | 42 |
| 2026-08-10 | 2026-Q2 | Fintech portfolio yield | 6% | 42 |
| 2026-08-10 | 2026-Q2 | Fintech average net loan portfolio duration | 9.0 months | 42 |
| 2026-08-10 | 2026-Q2 | Fintech average net loan portfolio | $15.2 billion | 42 |
| 2026-08-10 | 2026-Q2 | Fintech NPL ratio | 7.0% | 42 |
| 2026-08-10 | 2026-Q2 | Annualised e-Commerce purchases per consumer | 15.8 | 42 |
| 2026-05-14 | 2026-Q1 | Turkey revenue 2026 | 288,255 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Turkey revenue | 148,585 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Total capital ratio 2026 | 20.1% | 40 |
| 2026-05-14 | 2026-Q1 | Total capital ratio | 19.6% | 40 |
| 2026-05-14 | 2026-Q1 | Tier 1 capital ratio 2026 | 20.1% | 40 |
| 2026-05-14 | 2026-Q1 | Tier 1 capital ratio | 19.6% | 40 |
| 2026-05-14 | 2026-Q1 | Payments revenue 2026 | 158,294 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Payments revenue | 147,471 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Payments adjusted EBITDA 2026 | 89,735 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Payments adjusted EBITDA | 89,991 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Marketplace revenue 2026 | 519,860 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Marketplace revenue | 349,345 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Marketplace adjusted EBITDA 2026 | 118,211 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Marketplace adjusted EBITDA | 105,397 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Kazakhstan revenue 2026 | 804,458 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Kazakhstan revenue | 685,486 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Fintech revenue 2026 | 429,553 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Fintech revenue | 342,811 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Fintech adjusted EBITDA 2026 | 159,913 (KZT in millions of KZT) | 40 |
| 2026-05-14 | 2026-Q1 | Fintech adjusted EBITDA | 142,178 (KZT in millions of KZT) | 40 |
| 2026-05-11 | 2026-Q1 | VAS revenue growth | 73% | 38 |
| 2026-05-11 | 2026-Q1 | Turkiye ecommerce GMV pct | 50% | 38 |
| 2026-05-11 | 2026-Q1 | Total revenue USD | $2.3 billion | 38 |
| 2026-05-11 | 2026-Q1 | Total revenue | KZT1.1 trillion | 38 |
| 2026-05-11 | 2026-Q1 | Total merchants | 900 thousand | 38 |
| 2026-05-11 | 2026-Q1 | Total active consumers | 25 million | 38 |
| 2026-05-11 | 2026-Q1 | TFV origination USD | $5.4 billion | 38 |
| 2026-05-11 | 2026-Q1 | TFV origination | KZT2.6 trillion | 38 |
| 2026-05-11 | 2026-Q1 | Purchases per consumer prior year | 10.4 | 38 |
| 2026-05-11 | 2026-Q1 | Purchases per consumer | 15.0 | 38 |
| 2026-05-11 | 2026-Q1 | Portfolio yield | ~6% | 38 |
| 2026-05-11 | 2026-Q1 | Payments TPV USD | $23.7 billion | 38 |
| 2026-05-11 | 2026-Q1 | Payments TPV | KZT11.4 trillion | 38 |
| 2026-05-11 | 2026-Q1 | Payments take rate prior year | 1.09% | 38 |
| 2026-05-11 | 2026-Q1 | Payments take rate | 1.03% | 38 |
| 2026-05-11 | 2026-Q1 | Payments revenue USD | $331 million | 38 |
| 2026-05-11 | 2026-Q1 | Payments revenue | KZT158 billion | 38 |
| 2026-05-11 | 2026-Q1 | Payments interest revenue pct | 26% | 38 |
| 2026-05-11 | 2026-Q1 | Payments adjusted EBITDA USD | $187 million | 38 |
| 2026-05-11 | 2026-Q1 | Payments adjusted EBITDA | KZT90 billion | 38 |
| 2026-05-11 | 2026-Q1 | NPL ratio full year 2025 | 6.1% | 38 |
| 2026-05-11 | 2026-Q1 | npl ratio | 6.6% | 38 |
| 2026-05-11 | 2026-Q1 | net income usd | $526 million | 38 |
| 2026-05-11 | 2026-Q1 | net income | KZT252 billion | 38 |
| 2026-05-11 | 2026-Q1 | monthly transactions per active consumer | 77 | 38 |
| 2026-05-11 | 2026-Q1 | marketplace take rate | 12.1% | 38 |
| 2026-05-11 | 2026-Q1 | marketplace revenue usd | $1.1 billion | 38 |
| 2026-05-11 | 2026-Q1 | marketplace revenue | KZT520 billion | 38 |
| 2026-05-11 | 2026-Q1 | marketplace gmv usd | $4.5 billion | 38 |
| 2026-05-11 | 2026-Q1 | marketplace gmv constant currency pro forma | KZT2.2 trillion | 38 |
| 2026-05-11 | 2026-Q1 | hepsiburada ownership stake | 86% | 38 |
| 2026-05-11 | 2026-Q1 | fintech revenue usd | $897 million | 38 |
| 2026-05-11 | 2026-Q1 | fintech revenue | KZT430 billion | 38 |
| 2026-05-11 | 2026-Q1 | e commerce revenue usd | $824 million | 38 |
| 2026-05-11 | 2026-Q1 | e commerce revenue | KZT394 billion | 38 |
| 2026-05-11 | 2026-Q1 | e commerce purchases growth | 43% | 38 |
| 2026-05-11 | 2026-Q1 | e commerce gmv usd | $2.6 billion | 38 |
| 2026-05-11 | 2026-Q1 | e commerce gmv pro forma | KZT1.3 trillion | 38 |
| 2026-05-11 | 2026-Q1 | e commerce 3p take rate | 15.8% | 38 |
| 2026-05-11 | 2026-Q1 | dividend per ads | KZT 850 | 38 |
| 2026-05-11 | 2026-Q1 | dividend payout ratio | 64% | 38 |
| 2026-05-11 | 2026-Q1 | cost of risk prior year | 0.6% | 38 |
| 2026-05-11 | 2026-Q1 | cost of risk | 0.7% | 38 |
| 2026-05-11 | 2026-Q1 | cost of funding | 14.3% | 38 |
| 2026-05-11 | 2026-Q1 | average net loan portfolio USD | $15.1 billion | 38 |
| 2026-05-11 | 2026-Q1 | average net loan portfolio | KZT7.2 trillion | 38 |
| 2026-05-11 | 2026-Q1 | average loan portfolio duration prior year | 7.9 | 38 |
| 2026-05-11 | 2026-Q1 | average loan portfolio duration months | 9.3 | 38 |
| 2026-03-16 | FY2025 | total loans to customers | 7,172,162 (KZT millions) | 35 |
| 2026-03-16 | FY2025 | total estimated uninsured deposits 2025 | ₸2,189,056 | 35 |
| 2026-03-16 | FY2025 | total estimated uninsured deposits 2024 | ₸1,774,738 | 35 |
| 2026-03-16 | FY2025 | total estimated uninsured deposits 2023 | ₸1,340,272 | 35 |
| 2026-03-16 | FY2025 | total assets | 699,305 (KZT millions) | 35 |
| 2026-03-16 | FY2025 | term deposits maturing 2025 extended percentage | 92% | 35 |
| 2026-03-16 | FY2025 | new term deposits 3-6 months restricted withdrawal | ₸1,460,224 | 35 |
| 2026-03-16 | FY2025 | net interest margin 2024 | 7.0% | 35 |
| 2026-03-16 | FY2025 | net interest margin 2023 | 6.8% | 35 |
| 2026-03-16 | FY2025 | net interest margin | 9.2% | 35 |
| 2026-03-16 | FY2025 | net interest income 2024 | 466,552 (KZT in ₸ million) | 35 |
| 2026-03-16 | FY2025 | net interest income 2023 | 355,848 (KZT in ₸ million) | 35 |
| 2026-03-16 | FY2025 | net interest income | 753,498 (KZT in ₸ million) | 35 |
| 2026-03-16 | FY2025 | Net income attributable to shareholders | 1,073,177 | 35 |
| 2026-03-16 | FY2025 | Gross loans to customers | 7,543,926 (KZT millions) | 35 |
| 2026-03-16 | FY2025 | e-Grocery consumer penetration | 9% | 35 |
| 2026-03-16 | FY2025 | e-Grocery GMV | ₸206.3 billion | 35 |
| 2026-03-16 | FY2025 | e-Commerce consumer penetration | 47% | 35 |
| 2026-03-16 | FY2025 | Deposits rolled over yearly % | 92% | 35 |
| 2026-03-16 | FY2025 | Cash and cash equivalents | 903,143 (KZT millions) | 35 |
| 2026-03-16 | FY2025 | Avg. term deposit per retail customer 2024 | ₸1,188,169 | 35 |
| 2026-03-16 | FY2025 | Avg. term deposit per retail customer 2023 | ₸1,099,831 | 35 |
| 2026-03-16 | FY2025 | Avg. term deposit per retail customer | ₸1,296,278 | 35 |
| 2026-03-16 | FY2025 | Avg. interest rate on interest-earning assets 2024 | 16.2% | 35 |
| 2026-03-16 | FY2025 | Avg. interest rate on interest-earning assets 2023 | 15.8% | 35 |
| 2026-03-16 | FY2025 | Avg. interest rate on interest-earning assets | 19.3% | 35 |
| 2026-03-16 | FY2025 | Administration and other functions employees | 4,172 | 35 |
| 2026-03-16 | FY2025 | User sessions in Super Apps | 54.7 billion | 35 |
| 2026-03-16 | FY2025 | Türkiye Users | 11.8 million | 35 |
| 2026-03-16 | FY2025 | Transactions in proprietary models | 44.5 billion | 35 |
| 2026-03-16 | FY2025 | Total Users served | 27.5 million | 35 |
| 2026-03-16 | FY2025 | Platform availability | 99.99% | 35 |
| 2026-03-16 | FY2025 | Payment kiosks | 3,708 | 35 |
| 2026-03-16 | FY2025 | POS Register merchant adoption | 40% | 35 |
| 2026-03-16 | FY2025 | P2P Transactions Percentage of TPV | 8% | 35 |
| 2026-03-16 | FY2025 | Orders delivered less than 2 days | 49% | 35 |
| 2026-03-16 | FY2025 | Orders delivered | 182 million | 35 |
| 2026-03-16 | FY2025 | Offline convenience stores SKUs | 3,500 | 35 |
| 2026-03-16 | FY2025 | Monthly Transactions per Active Consumer | 77 | 35 |
| 2026-03-16 | FY2025 | Merchant financing penetration | 24% | 35 |
| 2026-03-16 | FY2025 | Marketplace 3P GMV VAS ratio | 2.3% | 35 |
| 2026-03-16 | FY2025 | Loans in proprietary models | 231 million | 35 |
| 2026-03-16 | FY2025 | Loan origination speed | 99.9% in less than 6 seconds | 35 |
| 2026-03-16 | FY2025 | Kazakhstan Users | 15.7 million | 35 |
| 2026-03-16 | FY2025 | Kaspi kz Super App Average MAU | 15.7 million | 35 |
| 2026-03-16 | FY2025 | Kaspi kz Super App Average DAU | 10.7 million | 35 |
| 2026-03-16 | FY2025 | Kaspi Travel consumer penetration | 19% | 35 |
| 2026-03-16 | FY2025 | Kaspi QR and Card Transactions Percentage of TPV | 69% | 35 |
| 2026-03-16 | FY2025 | Kaspi Postomats APMs | 10,441 | 35 |
| 2026-03-16 | FY2025 | Kaspi Pay Super App Active Merchants | 764,000 | 35 |
| 2026-03-16 | FY2025 | Kaspi Kartomats | 140 | 35 |
| 2026-03-16 | FY2025 | Kaspi Delivery merchant penetration | 12% | 35 |
| 2026-03-16 | FY2025 | Kaspi B2B Payments Transactions | 79.7 | 35 |
| 2026-03-16 | FY2025 | Kaspi B2B Payments TPV | 2,833 | 35 |
| 2026-03-16 | FY2025 | Kaspi B2B Payments Percentage of TPV | 7% | 35 |
| 2026-03-16 | FY2025 | Kaspi Alaqan registrations | 500,000 | 35 |
| 2026-03-16 | FY2025 | Kaspi Alaqan penetration | 9% | 35 |
| 2026-03-16 | FY2025 | Kaspi Alaqan merchants | 5,000 | 35 |
| 2026-03-16 | FY2025 | Kaspi Advertising merchant penetration | 7% | 35 |
| 2026-03-16 | FY2025 | Household Bill Payments Percentage of TPV | 16% | 35 |
| 2026-03-16 | FY2025 | Government Services visitors | 12.2 million | 35 |
| 2026-03-16 | FY2025 | Free delivery orders | 84% | 35 |
| 2026-03-16 | FY2025 | Fintech Active Consumers deposits | 6.2 million | 35 |
| 2026-03-16 | FY2025 | Deposit funding in Tenge | 93% | 35 |
| 2026-03-16 | FY2025 | Data centers | 4 | 35 |
| 2026-03-16 | FY2025 | DAU to MAU ratio | 68% | 35 |
| 2026-03-16 | FY2025 | Cost of Risk | 2.2% | 35 |
| 2026-03-16 | FY2025 | Business Deposit balance | ₸229 billion | 35 |
| 2026-03-16 | FY2025 | Business Deposit accounts | 138,000 | 35 |
| 2026-03-16 | FY2025 | Brand awareness travel | 54% | 35 |
| 2026-03-16 | FY2025 | Brand awareness payments | 79% | 35 |
| 2026-03-16 | FY2025 | Brand awareness mobile apps | 47% | 35 |
| 2026-03-16 | FY2025 | Brand awareness low price e-shops | 29% | 35 |
| 2026-03-16 | FY2025 | Brand awareness e-commerce | 44% | 35 |
| 2026-03-16 | FY2025 | Brand awareness deposits | 59% | 35 |
| 2026-03-16 | FY2025 | Brand awareness consumer finance | 53% | 35 |
| 2026-03-16 | FY2025 | Brand awareness Krisha real estate | 74% | 35 |
| 2026-03-16 | FY2025 | Brand awareness Kolesa car classifieds | 74% | 35 |
| 2026-03-16 | FY2025 | Brand awareness Kazakhstani internet | 34% | 35 |
| 2026-03-16 | FY2025 | Azerbaijan Classifieds MAU | 2.5 million | 35 |
| 2026-03-16 | FY2025 | ATMs | 3,261 | 35 |
| 2026-03-16 | FY2025 | AI virtual assistant voice percentage | 38% | 35 |
| 2026-03-16 | FY2025 | AI virtual assistant voice calls | 6.2 million | 35 |
| 2026-03-16 | FY2025 | AI virtual assistant chat percentage | 64% | 35 |
| 2026-03-16 | FY2025 | AI virtual assistant chat conversations | 14.2 million | 35 |
| 2026-03-13 | FY2025 | Non-performing loans ratio | 80% | 34 |
| 2026-03-13 | FY2025 | Customer accounts rolled over | 92% | 34 |
| 2026-03-13 | FY2025 | Average individual customer account balance | KZT 1,296 thousand | 34 |
| 2026-03-02 | FY2025 | m-Commerce Take Rate FY2025 | 9.2% | 32 |
| 2026-03-02 | FY2025 | m-Commerce Take Rate 4Q2025 | 9.4% | 32 |
| 2026-03-02 | FY2025 | m-Commerce GMV FY2025 | KZT 2.9 trillion | 32 |
| 2026-03-02 | FY2025 | m-Commerce GMV 4Q2025 | KZT 837 billion | 32 |
| 2026-03-02 | FY2025 | e-Commerce Take Rate FY2025 | 12.7% | 32 |
| 2026-03-02 | FY2025 | e-Commerce Take Rate 4Q2025 | 13.1% | 32 |
| 2026-03-02 | FY2025 | e-Commerce GMV FY2025 | KZT 3.2 trillion | 32 |
| 2026-03-02 | FY2025 | e-Commerce GMV 4Q2025 | KZT 947 billion | 32 |
| 2026-03-02 | FY2025 | Rabobank Investment | approximately $300 million | 32 |
| 2026-03-02 | FY2025 | Payments Take Rate FY2025 | 1.10% | 32 |
| 2026-03-02 | FY2025 | Payments Take Rate 4Q2025 | 1.09% | 32 |
| 2026-03-02 | FY2025 | Payments TPV FY2025 | KZT 44.2 trillion | 32 |
| 2026-03-02 | FY2025 | Payments TPV 4Q2025 | KZT 12.2 trillion | 32 |
| 2026-03-02 | FY2025 | NPL Ratio FY2025 | 6.1% | 32 |
| 2026-03-02 | FY2025 | Monthly Transactions per Active Consumer | 77 | 32 |
| 2026-03-02 | FY2025 | Marketplace Take Rate FY2025 | 10.5% | 32 |
| 2026-03-02 | FY2025 | Marketplace Take Rate 4Q2025 | 10.9% | 32 |
| 2026-03-02 | FY2025 | Marketplace GMV FY2025 | KZT 6.7 trillion | 32 |
| 2026-03-02 | FY2025 | Marketplace GMV 4Q2025 | KZT 1.9 trillion | 32 |
| 2026-03-02 | FY2025 | Loan-to-Deposit Ratio FY2025 | 95% | 32 |
| 2026-03-02 | FY2025 | Kaspi Travel Take Rate FY2025 | 5.1% | 32 |
| 2026-03-02 | FY2025 | Kaspi Travel Take Rate 4Q2025 | 5.2% | 32 |
| 2026-03-02 | FY2025 | Kaspi Travel GMV FY2025 | KZT 538 billion | 32 |
| 2026-03-02 | FY2025 | Kaspi Travel GMV 4Q2025 | KZT 124 billion | 32 |
| 2026-03-02 | FY2025 | Kaspi Kazakhstan e-Commerce Purchases per Consumer | 24.8 | 32 |
| 2026-03-02 | FY2025 | Kaspi Alaqan Transaction Share | 9% | 32 |
| 2026-03-02 | FY2025 | Kaspi Alaqan Registrations | over 500,000 | 32 |
| 2026-03-02 | FY2025 | Hepsiburada e Commerce Purchases per Consumer | around 6.7 | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Revenue FY2025 | TRY 85 billion | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Revenue 4Q2025 | TRY 28 billion | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Purchases Growth Q4 2025 | +19% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Purchases Growth Q3 2025 | +16% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Purchases Growth Q2 2025 | +7% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Purchases Growth Q1 2025 | -11% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Next Day Shipment Coverage | around 63% | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Monthly Consumers Growth 4Q2025 | 15% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada GMV FY2025 | TRY 212.7 billion | 32 |
| 2026-03-02 | FY2025 | Hepsiburada GMV 4Q2025 | TRY 71.5 billion | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Engaged Consumers Growth 4Q2025 | 29% YoY | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Adjusted EBITDA FY2025 | TRY 1.1 billion | 32 |
| 2026-03-02 | FY2025 | Hepsiburada Adjusted EBITDA 4Q2025 | TRY 1 million | 32 |
| 2026-03-02 | FY2025 | Fintech Yield FY2025 | 24% | 32 |
| 2026-03-02 | FY2025 | Fintech Yield 4Q2025 | 6% | 32 |
| 2026-03-02 | FY2025 | Fintech TFV FY2025 | KZT 11.7 trillion | 32 |
| 2026-03-02 | FY2025 | Fintech TFV 4Q2025 | KZT 3.1 trillion | 32 |
| 2026-03-02 | FY2025 | Expected Consolidated Tax Rate Increase 2026 | around 200 bps YoY | 32 |
| 2026-03-02 | FY2025 | Dividend per ADS | KZT 850 | 32 |
| 2026-03-02 | FY2025 | Cost of Risk FY2025 | 2.2% | 32 |
| 2026-03-02 | FY2025 | Corporate Tax Rate Increase | from 20% to 25% | 32 |
| 2026-03-02 | FY2025 | Average Savings FY2025 | KZT 6.7 trillion | 32 |
| 2026-03-02 | FY2025 | Average Savings 4Q2025 | KZT 7.2 trillion | 32 |
| 2026-03-02 | FY2025 | Average Net Loan Portfolio FY2025 | KZT 6.4 trillion | 32 |
| 2026-03-02 | FY2025 | Average Net Loan Portfolio 4Q2025 | KZT 7.0 trillion | 32 |
| 2025-11-13 | 2025-Q3 | Total capital (k.2) Basel III | 19.5% | 31 |
| 2025-11-13 | 2025-Q3 | Tier 1 capital (k1.2) Basel III | 19.5% | 31 |
| 2025-11-13 | 2025-Q3 | Non-performing loans | 428,226 (KZT millions) | 31 |
| 2025-11-13 | 2025-Q3 | Gross loans to customers | 7,150,991 (KZT millions) | 31 |
| 2025-11-13 | 2025-Q3 | Customer accounts | 7,010,084 | 31 |
| 2025-11-13 | 2025-Q3 | Cash and cash equivalents | 501,519 (KZT millions) | 31 |
| 2025-11-10 | 2025-Q3 | e-Grocery active consumers 3Q 2025 | 1.3 million | 30 |
| 2025-11-10 | 2025-Q3 | e-Grocery GMV growth 3Q 2025 | 53% | 30 |
| 2025-11-10 | 2025-Q3 | Payments transactions growth 9M 2025 | 15% | 30 |
| 2025-11-10 | 2025-Q3 | Payments transactions growth 3Q 2025 | 14% | 30 |
| 2025-11-10 | 2025-Q3 | Payments TPV growth 9M 2025 | 21% | 30 |
| 2025-11-10 | 2025-Q3 | Payments TPV growth 3Q 2025 | 18% | 30 |
| 2025-11-10 | 2025-Q3 | Monthly Transactions per Active Consumer | 76 | 30 |
| 2025-11-10 | 2025-Q3 | Marketplace take rate increase 9M 2025 | 80 bps | 30 |
| 2025-11-10 | 2025-Q3 | Marketplace take rate increase 3Q 2025 | 80 bps | 30 |
| 2025-11-10 | 2025-Q3 | Marketplace purchases growth 9M 2025 | 36% | 30 |
| 2025-11-10 | 2025-Q3 | Marketplace purchases growth 3Q 2025 | 36% | 30 |
| 2025-11-10 | 2025-Q3 | Hepsiburada revenue growth 9M 2025 | 11% | 30 |
| 2025-11-10 | 2025-Q3 | Hepsiburada revenue growth 3Q 2025 | 22% | 30 |
| 2025-11-10 | 2025-Q3 | Hepsiburada purchases growth 3Q 2025 | 16% | 30 |
| 2025-11-10 | 2025-Q3 | Hepsiburada GMV growth 9M 2025 | 5% | 30 |
| 2025-11-10 | 2025-Q3 | Hepsiburada GMV growth 3Q 2025 | 15% | 30 |
| 2025-11-10 | 2025-Q3 | Fintech revenue growth 9M 2025 | 21% | 30 |
| 2025-11-10 | 2025-Q3 | Fintech revenue growth 3Q 2025 | 24% | 30 |
| 2025-11-10 | 2025-Q3 | Fintech TFV growth 9M 2025 | 17% | 30 |
| 2025-11-10 | 2025-Q3 | Fintech TFV growth 3Q 2025 | 16% | 30 |
| 2025-11-10 | 2025-Q3 | Advertising revenue growth 9M 2025 | 76% | 30 |
| 2025-11-10 | 2025-Q3 | Advertising revenue growth 3Q 2025 | 56% | 30 |
| 2025-08-06 | 2025-H1 | Top 20 customers - customer accounts | 82,680 | 29 |
| 2025-08-06 | 2025-H1 | Restructured loans stage 3 | 120,944 (KZT millions) | 29 |
| 2025-08-06 | 2025-H1 | Restructured loans stage 2 | 16,365 (KZT millions) | 29 |
| 2025-08-06 | 2025-H1 | Restructured loans stage 1 | 23,769 (KZT millions) | 29 |
| 2025-08-06 | 2025-H1 | Restructured loans POCI | 21,467 (KZT millions) | 29 |
| 2025-08-06 | 2025-H1 | Customer accounts held as prepayments on loans | 67,463 | 29 |
| 2025-08-04 | 2025-Q2 | m-Commerce take rate 2Q 2025 | 9.0% | 28 |
| 2025-08-04 | 2025-Q2 | m-Commerce take rate 1H 2025 | 9.1% | 28 |
| 2025-08-04 | 2025-Q2 | m-Commerce GMV 2Q 2025 | KZT690 billion | 28 |
| 2025-08-04 | 2025-Q2 | m-Commerce GMV 1H 2025 | KZT1.4 trillion | 28 |
| 2025-08-04 | 2025-Q2 | e-Grocery active consumers | 1.1 million | 28 |
| 2025-08-04 | 2025-Q2 | e-Grocery GMV growth YoY 2Q | 57% | 28 |
| 2025-08-04 | 2025-Q2 | e-Commerce take rate 2Q 2025 | 12.5% | 28 |
| 2025-08-04 | 2025-Q2 | e-Commerce take rate 1H 2025 | 12.5% | 28 |
| 2025-08-04 | 2025-Q2 | e-Commerce GMV 2Q 2025 | KZT747 billion | 28 |
| 2025-08-04 | 2025-Q2 | e-Commerce GMV 1H 2025 | KZT1.4 trillion | 28 |
| 2025-08-04 | 2025-Q2 | TFV origination 2Q 2025 | KZT2.9 trillion | 28 |
| 2025-08-04 | 2025-Q2 | TFV 1H 2025 | KZT5.5 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Rabobank A.Ş expected investment post-closing | around $300 million | 28 |
| 2025-08-04 | 2025-Q2 | Payments transactions growth YoY 1H | 15% | 28 |
| 2025-08-04 | 2025-Q2 | Payments transactions growth YoY | 14% | 28 |
| 2025-08-04 | 2025-Q2 | Payments take rate 2Q 2025 | 1.11% | 28 |
| 2025-08-04 | 2025-Q2 | Payments take rate 1H 2025 | 1.12% | 28 |
| 2025-08-04 | 2025-Q2 | Payments TPV growth YoY 1H | 22% | 28 |
| 2025-08-04 | 2025-Q2 | Payments TPV growth YoY | 21% | 28 |
| 2025-08-04 | 2025-Q2 | Payments TPV 2Q 2025 | KZT10.7 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Payments TPV 1H 2025 | KZT20.4 trillion | 28 |
| 2025-08-04 | 2025-Q2 | NPL ratio 1H 2025 | 5.7% | 28 |
| 2025-08-04 | 2025-Q2 | Monthly Transactions per Active Consumer | 75 | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace take rate 2Q 2025 | 10.2% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace take rate 1H 2025 | 10.2% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace revenue growth YoY 2Q | 25% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace revenue growth YoY 1H | 29% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace purchases growth YoY 2Q | 35% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace purchases growth YoY 1H | 36% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace GMV growth YoY 2Q | 15% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace GMV growth YoY 1H | 17% | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace GMV 2Q 2025 | KZT1.6 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Marketplace GMV 1H 2025 | KZT3.1 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Loan to deposit ratio 1H 2025 | 95% | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel take rate increase YoY 2Q | 50 bps | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel take rate increase YoY 1H | 60 bps | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel take rate 2Q 2025 | 4.9% | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel take rate 1H 2025 | 5.1% | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel GMV 2Q 2025 | KZT149 billion | 28 |
| 2025-08-04 | 2025-Q2 | Kaspi Travel GMV 1H 2025 | KZT268 billion | 28 |
| 2025-08-04 | 2025-Q2 | Hepsiburada final payment | $526.9 million | 28 |
| 2025-08-04 | 2025-Q2 | Hepsiburada EBITDA profitability growth YoY 2Q | 42% | 28 |
| 2025-08-04 | 2025-Q2 | Hepsiburada EBITDA profitability change 1H | down 10% | 28 |
| 2025-08-04 | 2025-Q2 | Fintech revenue growth YoY 2Q | 21% | 28 |
| 2025-08-04 | 2025-Q2 | Fintech revenue growth YoY 1H | 19% | 28 |
| 2025-08-04 | 2025-Q2 | Fintech TFV growth YoY 2Q | 17% | 28 |
| 2025-08-04 | 2025-Q2 | Fintech TFV growth YoY 1H | 17% | 28 |
| 2025-08-04 | 2025-Q2 | Average savings 2Q 2025 | KZT6.4 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Average savings 1H 2025 | KZT6.4 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Average net loans 2Q 2025 | KZT6.2 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Average net loans 1H 2025 | KZT6.0 trillion | 28 |
| 2025-08-04 | 2025-Q2 | Advertising revenue growth YoY 1H | 91% | 28 |
| 2025-05-16 | 2025-Q1 | Total capital k2 | 18.8% | 27 |
| 2025-05-16 | 2025-Q1 | Total capital NBRK k2 | 12.6% | 27 |
| 2025-05-16 | 2025-Q1 | Tier 1 capital k1 2 | 18.8% | 27 |
| 2025-05-16 | 2025-Q1 | Tier 1 capital NBRK k1 2 | 12.5% | 27 |
| 2025-05-16 | 2025-Q1 | Non-performing loans ratio | 88% | 27 |
| 2025-05-12 | 2025-Q1 | m-Commerce take rate | 9.1% | 26 |
| 2025-05-12 | 2025-Q1 | m-Commerce GMV growth | 17% | 26 |
| 2025-05-12 | 2025-Q1 | m-Commerce GMV | KZT679 billion | 26 |
| 2025-05-12 | 2025-Q1 | e-Grocery active consumers | around 969 thousand | 26 |
| 2025-05-12 | 2025-Q1 | e-Grocery GMV growth | 64% | 26 |
| 2025-05-12 | 2025-Q1 | e-Commerce take rate | 12.5% | 26 |
| 2025-05-12 | 2025-Q1 | e-Commerce purchases growth | 97% | 26 |
| 2025-05-12 | 2025-Q1 | e-Commerce GMV growth | 23% | 26 |
| 2025-05-12 | 2025-Q1 | e-Commerce GMV | KZT694 billion | 26 |
| 2025-05-12 | 2025-Q1 | Payments transactions growth | 17% | 26 |
| 2025-05-12 | 2025-Q1 | Payments take rate | 1.13% | 26 |
| 2025-05-12 | 2025-Q1 | Payments TPV | KZT9.7 trillion | 26 |
| 2025-05-12 | 2025-Q1 | NPL ratio | 5.6% | 26 |
| 2025-05-12 | 2025-Q1 | Monthly Transactions per Active Consumer | 75 | 26 |
| 2025-05-12 | 2025-Q1 | Marketplace take rate | 10.3% | 26 |
| 2025-05-12 | 2025-Q1 | Marketplace purchases growth | 36% | 26 |
| 2025-05-12 | 2025-Q1 | Marketplace GMV growth | 20% | 26 |
| 2025-05-12 | 2025-Q1 | Marketplace GMV | KZT1.5 trillion | 26 |
| 2025-05-12 | 2025-Q1 | Loan to deposit ratio | 97% | 26 |
| 2025-05-12 | 2025-Q1 | Kaspi Travel take rate | 5.3% | 26 |
| 2025-05-12 | 2025-Q1 | Kaspi Travel GMV growth | 22% | 26 |
| 2025-05-12 | 2025-Q1 | Kaspi Travel GMV | KZT118 billion | 26 |
| 2025-05-12 | 2025-Q1 | Hepsiburada stake acquired | 65.41% | 26 |
| 2025-05-12 | 2025-Q1 | Fintech TFV growth | 17% | 26 |
| 2025-05-12 | 2025-Q1 | Fintech TFV | KZT2.6 trillion | 26 |
| 2025-05-12 | 2025-Q1 | Average savings | KZT6.3 trillion | 26 |
| 2025-05-12 | 2025-Q1 | Average net loan portfolio | KZT5.9 trillion | 26 |
| 2025-03-10 | FY2024 | Vyacheslav Kim shares | 52,927,955 | 23 |
| 2025-03-10 | FY2024 | Total revenue 2024 | ₸2,532,156 million | 23 |
| 2025-03-10 | FY2024 | Total revenue 2023 | ₸1,913,490 million | 23 |
| 2025-03-10 | FY2024 | Total capital ratio Basel III | 18.3% | 23 |
| 2025-03-10 | FY2024 | Total assets 2024 | ₸8,377,101 million | 23 |
| 2025-03-10 | FY2024 | Tier 1 capital ratio Basel III | 17.6% | 23 |
| 2025-03-10 | FY2024 | Retail revenue 2024 | ₸163,134 million | 23 |
| 2025-03-10 | FY2024 | Reserved ADSs for LTIP | 6,834,661 | 23 |
| 2025-03-10 | FY2024 | Payments to Magnum 2024 | ₸228 million | 23 |
| 2025-03-10 | FY2024 | Payments segment revenue 2024 | ₸587,097 million | 23 |
| 2025-03-10 | FY2024 | Outstanding vested options | 0 | 23 |
| 2025-03-10 | FY2024 | Outstanding unvested options | 1,598,230 | 23 |
| 2025-03-10 | FY2024 | Other related parties interest expense 2024 | ₸2 million | 23 |
| 2025-03-10 | FY2024 | Net income 2024 | ₸1,056,834 million | 23 |
| 2025-03-10 | FY2024 | Net fee revenue 2024 | ₸1,275,125 million | 23 |
| 2025-03-10 | FY2024 | Mikheil Lomtadze shares | 42,950,623 | 23 |
| 2025-03-10 | FY2024 | Marketplace segment revenue 2024 | ₸732,943 million | 23 |
| 2025-03-10 | FY2024 | Magnum payments to company 2024 | ₸3,801 million | 23 |
| 2025-03-10 | FY2024 | Magnum goods purchases 2024 | ₸6,336 million | 23 |
| 2025-03-10 | FY2024 | Magnum finance lease payments 2024 | ₸202 million | 23 |
| 2025-03-10 | FY2024 | Magnum E Commerce rent payments 2024 | ₸208 million | 23 |
| 2025-03-10 | FY2024 | Magnum E Commerce property acquisition 2024 | ₸2,245 million | 23 |
| 2025-03-10 | FY2024 | LTIP participants | 247 | 23 |
| 2025-03-10 | FY2024 | Loans to customers 2024 | ₸5,746,600 million | 23 |
| 2025-03-10 | FY2024 | Key management deposits interest expense 2024 | ₸582 million | 23 |
| 2025-03-10 | FY2024 | Interest revenue 2024 | ₸1,082,668 million | 23 |
| 2025-03-10 | FY2024 | Fintech segment revenue 2024 | ₸1,281,827 million | 23 |
| 2025-03-10 | FY2024 | Fintech Partners Limited shares | 18,051,851 | 23 |
| 2025-03-10 | FY2024 | Equipment and assets purchases from Magnum 2024 | ₸970 million | 23 |
| 2025-03-10 | FY2024 | Entities controlled by key management interest expense 2024 | ₸25 million | 23 |
| 2025-03-10 | FY2024 | Dividend per share 2024 | ₸3,400 | 23 |
| 2025-03-10 | FY2024 | Dividend per share 2023 | ₸2,950 | 23 |
| 2025-03-10 | FY2024 | Dividend per share 2022 | ₸1,100 | 23 |
| 2025-03-10 | FY2024 | Depositary payments on behalf of company 2024 | $1,653,818 | 23 |
| 2025-03-10 | FY2024 | Customer accounts 2024 | ₸6,561,950 million | 23 |
| 2025-03-10 | FY2024 | Common shares outstanding | 190,015,729 | 23 |
| 2025-03-10 | FY2024 | Cash equivalents 2024 | ₸619,470 million | 23 |
| 2025-03-10 | FY2024 | Capital expenditures 2024 | ₸86,553 million | 23 |
| 2025-03-10 | FY2024 | Baring Fintech Nexus Limited shares | 12,257,305 | 23 |
| 2025-03-10 | FY2024 | Audit fees 2024 | 1,570 | 23 |
| 2025-03-10 | FY2024 | audit fees 2023 | 2,793 | 23 |
| 2025-03-10 | FY2024 | asia equity partners limited shares | 16,589,243 | 23 |
| 2025-03-10 | FY2024 | all executive officers and board members shares | 101,231,319 | 23 |
| 2025-03-10 | FY2024 | Total capital | 18.3% | 23 |
| 2025-03-10 | FY2024 | Tier 1 capital | 17.6% | 23 |
| 2025-03-10 | FY2024 | Revenue growth | 32% | 23 |
| 2025-03-10 | FY2024 | Payments segment revenue | 23% | 23 |
| 2025-03-10 | FY2024 | Payments segment TPV growth | 31% | 23 |
| 2025-03-10 | FY2024 | Monthly Transactions per Active Consumer | 73 | 23 |
| 2025-03-10 | FY2024 | Marketplace segment revenue | 28% | 23 |
| 2025-03-10 | FY2024 | Marketplace segment GMV growth | 44% | 23 |
| 2025-03-10 | FY2024 | Fintech segment revenue | 49% | 23 |
| 2025-03-10 | FY2024 | Fintech segment TFV growth | 30% | 23 |
| 2025-03-10 | FY2024 | Delivery orders growth | 128% | 23 |
| 2025-02-24 | FY2024 | m-Commerce Take Rate (FY 2024) | 9.1% | 20 |
| 2025-02-24 | FY2024 | m-Commerce Take Rate (4Q 2024) | 9.4% | 20 |
| 2025-02-24 | FY2024 | e-Grocery Active Consumers | 858,000 | 20 |
| 2025-02-24 | FY2024 | e-Commerce Take Rate (FY 2024) | 11.3% | 20 |
| 2025-02-24 | FY2024 | e-Commerce Take Rate (4Q 2024) | 11.6% | 20 |
| 2025-02-24 | FY2024 | Payments Take Rate (FY 2024) | 1.18% | 20 |
| 2025-02-24 | FY2024 | Payments Take Rate (4Q 2024) | 1.16% | 20 |
| 2025-02-24 | FY2024 | Payments Merchants | 737,000 | 20 |
| 2025-02-24 | FY2024 | Payments Consumers | 13.6 million | 20 |
| 2025-02-24 | FY2024 | NPL Ratio | 5.4% | 20 |
| 2025-02-24 | FY2024 | Monthly Transactions per Active Consumer | 73 | 20 |
| 2025-02-24 | FY2024 | Merchants Using Advertising | 51,000 | 20 |
| 2025-02-24 | FY2024 | Marketplace Take Rate (FY 2024) | 9.7% | 20 |
| 2025-02-24 | FY2024 | Marketplace Take Rate (4Q 2024) | 10.1% | 20 |
| 2025-02-24 | FY2024 | Marketplace Consumers | 8.1 million | 20 |
| 2025-02-24 | FY2024 | Loan to Deposit Ratio | 88% | 20 |
| 2025-02-24 | FY2024 | Kaspi Travel Take Rate (FY 2024) | 4.6% | 20 |
| 2025-02-24 | FY2024 | Kaspi Travel Take Rate (4Q 2024) | 5.0% | 20 |
| 2025-02-24 | FY2024 | Kaspi Postomats | 8,032 | 20 |
| 2025-02-24 | FY2024 | Kaspi POS Register Adoption | 35% | 20 |
| 2025-02-24 | FY2024 | Kaspi Delivery Orders | 99 million | 20 |
| 2025-02-24 | FY2024 | Hepsiburada Ownership Stake | 65.41% | 20 |
| 2025-02-24 | FY2024 | Hepsiburada Consumers | 12 million | 20 |
| 2025-02-24 | FY2024 | Fintech Yield (FY 2024) | 24% | 20 |
| 2025-02-24 | FY2024 | Fintech Yield (4Q 2024) | 6% | 20 |
| 2025-02-24 | FY2024 | Fintech Loan Consumers | 6.4 million | 20 |
| 2025-02-24 | FY2024 | Fintech Deposit Consumers | 5.7 million | 20 |
| 2025-02-24 | FY2024 | Business Deposit Balance | KZT149 billion | 20 |
| 2025-02-24 | FY2024 | Business Deposit Accounts | 77,000 | 20 |
| 2025-02-24 | FY2024 | Average Savings (FY 2024) | KZT5.7 trillion | 20 |
| 2025-02-24 | FY2024 | Average Savings (4Q 2024) | KZT6.2 trillion | 20 |
| 2025-02-24 | FY2024 | Average Net Loan Portfolio (FY 2024) | KZT4.9 trillion | 20 |
| 2025-02-24 | FY2024 | Average Net Loan Portfolio (4Q 2024) | KZT5.5 trillion | 20 |
| 2025-02-25 | 2024-Q4 | Unsecured Gross Carrying Amount of Loans | 5,359,101 (KZT in millions of KZT) | 21 |
| 2025-02-25 | 2024-Q4 | Restructured loans stage 3 | 94,556 (KZT in millions of KZT) | 21 |
| 2025-02-25 | 2024-Q4 | Restructured loans stage 2 | 18,009 (KZT in millions of KZT) | 21 |
| 2025-02-25 | 2024-Q4 | Restructured loans stage 1 | 15,364 (KZT in millions of KZT) | 21 |
| 2025-02-25 | 2024-Q4 | Restructured Loans POCI | 23,136 (KZT in millions of KZT) | 21 |
| 2025-02-25 | 2024-Q4 | Customer Accounts KZT Denomination | 91% | 21 |
| 2025-02-25 | 2024-Q4 | Customer Accounts Concentration Top 20 | 1.16% of total customer accounts | 21 |
| 2025-02-25 | 2024-Q4 | Allowance for Impairment Losses to Gross NPLs | 90% | 21 |
| 2024-10-29 | 2024-Q3 | Total Capital (K.2) NBRK | 12.7% | 17 |
| 2024-10-29 | 2024-Q3 | Total capital (k.2) Basel III | 18.0% | 17 |
| 2024-10-29 | 2024-Q3 | Total Allowance for Impairment to Gross NPLs | 91% | 17 |
| 2024-10-29 | 2024-Q3 | Tier 1 Capital (K1.2) NBRK | 12.5% | 17 |
| 2024-10-29 | 2024-Q3 | Tier 1 capital (k1.2) Basel III | 17.5% | 17 |
| 2024-10-29 | 2024-Q3 | Gross NPLs | 310,958 | 17 |
| 2024-10-18 | 2024-Q3 | m-Commerce Take Rate (9M) | 9.0% | 15 |
| 2024-10-18 | 2024-Q3 | m-Commerce Take Rate (3Q) | 9.0% | 15 |
| 2024-10-18 | 2024-Q3 | m-Commerce Purchases (9M) | up 10% | 15 |
| 2024-10-18 | 2024-Q3 | m-Commerce Purchases (3Q) | up 12% | 15 |
| 2024-10-18 | 2024-Q3 | e-Grocery GMV Share of e-Commerce (9M) | 5% | 15 |
| 2024-10-18 | 2024-Q3 | e-Grocery GMV Growth (3Q) | up 88% | 15 |
| 2024-10-18 | 2024-Q3 | e-Grocery Active Consumers (3Q) | 725k | 15 |
| 2024-10-18 | 2024-Q3 | e-Commerce Take Rate (9M) | 11.1% | 15 |
| 2024-10-18 | 2024-Q3 | e-Commerce Orders (9M) | up 121% | 15 |
| 2024-10-18 | 2024-Q3 | e-Commerce Orders (3Q) | up 132% | 15 |
| 2024-10-18 | 2024-Q3 | e-Cars GMV Share of e-Commerce (9M) | 29% | 15 |
| 2024-10-18 | 2024-Q3 | Payments Transactions (9M) | up 42% | 15 |
| 2024-10-18 | 2024-Q3 | Payments Transactions (3Q) | up 38% | 15 |
| 2024-10-18 | 2024-Q3 | Payments Take Rate (9M) | 1.19% | 15 |
| 2024-10-18 | 2024-Q3 | Payments Take Rate (3Q) | 1.18% | 15 |
| 2024-10-18 | 2024-Q3 | Payments Active Merchants (9M) | 732,000 | 15 |
| 2024-10-18 | 2024-Q3 | Payments Active Consumers (9M) | 13.4 million | 15 |
| 2024-10-18 | 2024-Q3 | Merchant and Micro Business Finance Share of TFV (9M) | 17% | 15 |
| 2024-10-18 | 2024-Q3 | Merchant Deposits - Amount | KZT 69 billion | 15 |
| 2024-10-18 | 2024-Q3 | Merchant Deposits - Accounts | 41K | 15 |
| 2024-10-18 | 2024-Q3 | Marketplace Take Rate (9M) | 9.5% | 15 |
| 2024-10-18 | 2024-Q3 | Marketplace Take Rate (3Q) | 9.5% | 15 |
| 2024-10-18 | 2024-Q3 | Marketplace Purchases (9M) | up 39% | 15 |
| 2024-10-18 | 2024-Q3 | Marketplace Purchases (3Q) | up 45% | 15 |
| 2024-10-18 | 2024-Q3 | Marketplace Active Consumers (9M) | 7.8 million | 15 |
| 2024-10-18 | 2024-Q3 | Loan to Deposit Ratio (9M) | 88% | 15 |
| 2024-10-18 | 2024-Q3 | Kaspi Travel Take Rate (9M) | 4.5% | 15 |
| 2024-10-18 | 2024-Q3 | Kaspi Travel Take Rate (3Q) | 4.5% | 15 |
| 2024-10-18 | 2024-Q3 | Kaspi Tours Take Rate (3Q) | 8.1% | 15 |
| 2024-10-18 | 2024-Q3 | Kaspi Tours Share of Travel GMV (9M) | 9% | 15 |
| 2024-10-18 | 2024-Q3 | Kaspi Tours GMV Growth (3Q) | up 302% | 15 |
| 2024-10-18 | 2024-Q3 | Fintech Yield (9M) | 18% | 15 |
| 2024-10-18 | 2024-Q3 | Fintech Yield (3Q) | 6% | 15 |
| 2024-10-18 | 2024-Q3 | Fintech NPL Ratio | 5.6% | 15 |
| 2024-10-18 | 2024-Q3 | Fintech Active Consumers - Loans (9M) | 6.4 million | 15 |
| 2024-10-18 | 2024-Q3 | Fintech Active Consumers - Deposits (9M) | 5.5 million | 15 |
| 2024-10-18 | 2024-Q3 | Dividend per ADS | KZT 850 | 15 |
| 2024-10-18 | 2024-Q3 | BNPL Share of TFV (9M) | 42% | 15 |
| 2024-10-18 | 2024-Q3 | Average Savings (9M) | 5.5 trillion | 15 |
| 2024-10-18 | 2024-Q3 | Average Savings (3Q) | 5.8 trillion | 15 |
| 2024-10-18 | 2024-Q3 | Average Net Loan Portfolio (9M) | 4.7 trillion | 15 |
| 2024-10-18 | 2024-Q3 | Average Net Loan Portfolio (3Q) | 5.0 trillion | 15 |
| 2024-08-01 | 2024-H1 | Total Capital Ratio (NBRK) | 12.8% | 10 |
| 2024-08-01 | 2024-H1 | Total Capital Ratio (Basel III) | 18.1% | 10 |
| 2024-08-01 | 2024-H1 | Total Allowance for Impairment to Gross NPLs | 94% | 10 |
| 2024-08-01 | 2024-H1 | Tier 1 Capital Ratio (NBRK) | 12.5% | 10 |
| 2024-08-01 | 2024-H1 | Tier 1 Capital Ratio (Basel III) | 18.0% | 10 |
| 2024-08-01 | 2024-H1 | Loans to Customers (Gross) | 5,127,292 (KZT in millions of KZT) | 10 |
| 2024-08-01 | 2024-H1 | Gross Non-Performing Loans | 286,316 (KZT in millions of KZT) | 10 |
| 2024-08-01 | 2024-H1 | Customer accounts | 5,697,335 | 10 |
| 2024-08-01 | 2024-H1 | Cash and cash equivalents | 594,862 (KZT in millions of KZT) | 10 |
| 2024-08-01 | 2024-H1 | Allowance for impairment losses on loans to customers | 269,977 (KZT in millions of KZT) | 10 |
| 2024-07-22 | 2024-H1 | m-Commerce purchases YoY growth 2Q 2024 | 10% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce purchases YoY growth 1H 2024 | 10% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce Take Rate 2Q 2024 | 9.0% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce Take Rate 2Q 2023 | 8.0% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce Take Rate 1H 2024 | 9.0% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce Take Rate 1H 2023 | 8.0% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce GMV YoY growth 2Q 2024 | 37% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce GMV YoY growth 1H 2024 | 35% | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce GMV 2Q 2024 | KZT646 billion | 9 |
| 2024-07-22 | 2024-H1 | m-Commerce GMV 1H 2024 | KZT1.2 trillion | 9 |
| 2024-07-22 | 2024-H1 | e-Grocery share of e-Commerce GMV 1H 2024 | 5% | 9 |
| 2024-07-22 | 2024-H1 | e-Grocery active consumers | 639,000 | 9 |
| 2024-07-22 | 2024-H1 | e-Grocery GMV YoY growth 2Q 2024 | 99% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce orders YoY growth 2Q 2024 | 126% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce Take Rate 2Q 2024 | 11.3% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce Take Rate 2Q 2023 | 11.0% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce Take Rate 1H 2024 | 11.2% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce Take Rate 1H 2023 | 10.6% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce GMV YoY growth 2Q 2024 | 113% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce GMV YoY growth 1H 2024 | 114% | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce GMV 2Q 2024 | KZT610 billion | 9 |
| 2024-07-22 | 2024-H1 | e-Commerce GMV 1H 2024 | KZT1.2 trillion | 9 |
| 2024-07-22 | 2024-H1 | e-Cars share of e-Commerce GMV 1H 2024 | 28% | 9 |
| 2024-07-22 | 2024-H1 | VAS contribution to Marketplace Take Rate 2Q 2024 | 100 bps | 9 |
| 2024-07-22 | 2024-H1 | Payments Take Rate 2Q 2024 | 1.18% | 9 |
| 2024-07-22 | 2024-H1 | Payments Take Rate 2Q 2023 | 1.24% | 9 |
| 2024-07-22 | 2024-H1 | Payments Take Rate 1H 2024 | 1.19% | 9 |
| 2024-07-22 | 2024-H1 | Payments Take Rate 1H 2023 | 1.24% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform transactions YoY growth 2Q 2024 | 46% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform transactions YoY growth 1H 2024 | 44% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform revenue YoY growth 2Q 2024 | 23% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform revenue YoY growth 1H 2024 | 24% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform revenue 2Q 2024 | KZT139 billion | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform revenue 1H 2024 | KZT265 billion | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform TPV YoY growth 2Q 2024 | 32% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform TPV YoY growth 1H 2024 | 34% | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform TPV 2Q 2024 | KZT8.8 trillion | 9 |
| 2024-07-22 | 2024-H1 | Payments Platform TPV 1H 2024 | KZT16.7 trillion | 9 |
| 2024-07-22 | 2024-H1 | Payments Active Merchants 1H 2024 | 721,000 | 9 |
| 2024-07-22 | 2024-H1 | Payments Active Consumers 1H 2024 | 13.2 million | 9 |
| 2024-07-22 | 2024-H1 | NPL ratio end 1H 2024 | 5.6% | 9 |
| 2024-07-22 | 2024-H1 | Monthly transactions per active consumer 2Q 2024 | 72 | 9 |
| 2024-07-22 | 2024-H1 | Merchant and Micro Business Finance share of TFV 1H 2024 | 17% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace revenue YoY growth 2Q 2024 | 96% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace revenue YoY growth 1H 2024 | 102% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace revenue 2Q 2024 | KZT169 billion | 9 |
| 2024-07-22 | 2024-H1 | Marketplace revenue 1H 2024 | KZT319 billion | 9 |
| 2024-07-22 | 2024-H1 | Marketplace purchases YoY growth 2Q 2024 | 38% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace purchases YoY growth 1H 2024 | 36% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace Take Rate 2Q 2024 | 9.5% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace Take Rate 2Q 2023 | 8.5% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace Take Rate 1H 2024 | 9.5% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace Take Rate 1H 2023 | 8.5% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace GMV YoY growth 2Q 2024 | 62% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace GMV YoY growth 1H 2024 | 62% | 9 |
| 2024-07-22 | 2024-H1 | Marketplace GMV 2Q 2024 | KZT1.4 trillion | 9 |
| 2024-07-22 | 2024-H1 | Marketplace GMV 1H 2024 | KZT2.6 trillion | 9 |
| 2024-07-22 | 2024-H1 | Marketplace Active Consumers 1H 2024 | 7.6 million | 9 |
| 2024-07-22 | 2024-H1 | Loan to deposit ratio end 1H 2024 | 85% | 9 |
| 2024-07-22 | 2024-H1 | Loan to deposit ratio end 1H 2023 | 74% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel ticket sales YoY growth 2Q 2024 | 16% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel ticket sales 2Q 2024 | 4.7 million | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel Take Rate 2Q 2024 | 4.4% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel Take Rate 2Q 2023 | 4.2% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel Take Rate 1H 2024 | 4.5% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel Take Rate 1H 2023 | 4.2% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel GMV YoY growth 2Q 2024 | 33% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel GMV YoY growth 1H 2024 | 38% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel GMV 2Q 2024 | KZT128 billion | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Travel GMV 1H 2024 | KZT226 billion | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Tours share of Travel GMV 1H 2024 | 8% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Tours Take Rate 2Q 2024 | 7.9% | 9 |
| 2024-07-22 | 2024-H1 | Kaspi Tours GMV YoY growth 2Q 2024 | 644% | 9 |
| 2024-07-22 | 2024-H1 | Fintech yield 2Q 2024 | 6% | 9 |
| 2024-07-22 | 2024-H1 | Fintech yield 2Q 2023 | 7% | 9 |
| 2024-07-22 | 2024-H1 | Fintech yield 1H 2024 | 12% | 9 |
| 2024-07-22 | 2024-H1 | Fintech yield 1H 2023 | 13% | 9 |
| 2024-07-22 | 2024-H1 | Fintech revenue YoY growth 2Q 2024 | 23% | 9 |
| 2024-07-22 | 2024-H1 | Fintech revenue YoY growth 1H 2024 | 25% | 9 |
| 2024-07-22 | 2024-H1 | Fintech revenue 2Q 2024 | KZT307 billion | 9 |
| 2024-07-22 | 2024-H1 | Fintech revenue 1H 2024 | KZT598 billion | 9 |
| 2024-07-22 | 2024-H1 | Fintech funding costs YoY growth 1H 2024 | 33% | 9 |
| 2024-07-22 | 2024-H1 | Fintech TFV YoY growth 2Q 2024 | 43% | 9 |
| 2024-07-22 | 2024-H1 | Fintech TFV YoY growth 1H 2024 | 45% | 9 |
| 2024-07-22 | 2024-H1 | Fintech TFV 2Q 2024 | KZT2.5 trillion | 9 |
| 2024-07-22 | 2024-H1 | Fintech TFV 1H 2024 | KZT4.7 trillion | 9 |
| 2024-07-22 | 2024-H1 | Fintech Active Consumers (loans) 1H 2024 | 6.4 million | 9 |
| 2024-07-22 | 2024-H1 | Fintech Active Consumers (deposits) 1H 2024 | 5.2 million | 9 |
| 2024-07-22 | 2024-H1 | Consolidated revenue YoY growth 2Q 2024 | 36% | 9 |
| 2024-07-22 | 2024-H1 | Consolidated revenue YoY growth 1H 2024 | 38% | 9 |
| 2024-07-22 | 2024-H1 | Consolidated revenue 2Q 2024 | KZT599 billion | 9 |
| 2024-07-22 | 2024-H1 | Consolidated revenue 1H 2024 | KZT1.2 trillion | 9 |
| 2024-07-22 | 2024-H1 | BNPL share of TFV 1H 2024 | 43% | 9 |
| 2024-07-22 | 2024-H1 | B2B Payments share of TPV 1H 2024 | 5% | 9 |
| 2024-07-22 | 2024-H1 | Average savings YoY growth 2Q 2024 | 26% | 9 |
| 2024-07-22 | 2024-H1 | Average savings YoY growth 1H 2024 | 29% | 9 |
| 2024-07-22 | 2024-H1 | Average savings 2Q 2024 | KZT5.4 trillion | 9 |
| 2024-07-22 | 2024-H1 | Average savings 1H 2024 | KZT5.4 trillion | 9 |
| 2024-07-22 | 2024-H1 | Average net loan portfolio YoY growth 2Q 2024 | 42% | 9 |
| 2024-07-22 | 2024-H1 | Average net loan portfolio YoY growth 1H 2024 | 39% | 9 |
| 2024-07-22 | 2024-H1 | Average net loan portfolio 2Q 2024 | KZT4.7 trillion | 9 |
| 2024-07-22 | 2024-H1 | Average net loan portfolio 1H 2024 | KZT4.5 trillion | 9 |
| 2024-04-30 | 2024-Q1 | Total capital ratio (NBRK requirements) | 12.8% | 7 |
| 2024-04-30 | 2024-Q1 | Total Capital Ratio (Basel III) | 17.8% | 7 |
| 2024-04-30 | 2024-Q1 | Tier 1 capital ratio (NBRK requirements) | 12.4% | 7 |
| 2024-04-30 | 2024-Q1 | Tier 1 Capital Ratio (Basel III) | 16.8% | 7 |
| 2024-04-30 | 2024-Q1 | Non-performing loans ratio | 98% | 7 |
| 2024-04-22 | 2024-Q1 | m-Commerce purchases growth YoY | 10% | 5 |
| 2024-04-22 | 2024-Q1 | m-Commerce Take-Rate | 8.9% | 5 |
| 2024-04-22 | 2024-Q1 | m-Commerce GMV growth YoY | 34% | 5 |
| 2024-04-22 | 2024-Q1 | m-Commerce GMV | KZT582 billion | 5 |
| 2024-04-22 | 2024-Q1 | e-Grocery as percentage of e-Commerce GMV | 5% | 5 |
| 2024-04-22 | 2024-Q1 | e-Grocery active consumers | 566,000 | 5 |
| 2024-04-22 | 2024-Q1 | e-Grocery GMV growth YoY | 125% | 5 |
| 2024-04-22 | 2024-Q1 | e-Commerce Take-Rate | 11.1% | 5 |
| 2024-04-22 | 2024-Q1 | e-Commerce GMV growth YoY | 114% | 5 |
| 2024-04-22 | 2024-Q1 | e-Commerce GMV | KZT563 billion | 5 |
| 2024-04-22 | 2024-Q1 | e-Cars GMV as percentage of e-Commerce GMV | 26% | 5 |
| 2024-04-22 | 2024-Q1 | e-Cars 1P vehicles sold in Almaty | 1,200 | 5 |
| 2024-04-22 | 2024-Q1 | TPV growth YoY | 35% | 5 |
| 2024-04-22 | 2024-Q1 | TPV | KZT7.9 trillion | 5 |
| 2024-04-22 | 2024-Q1 | TFV growth YoY | 48% | 5 |
| 2024-04-22 | 2024-Q1 | TFV | KZT2.3 trillion | 5 |
| 2024-04-22 | 2024-Q1 | Payments Take-Rate | 1.2% | 5 |
| 2024-04-22 | 2024-Q1 | Payments Platform merchants | 689,000 | 5 |
| 2024-04-22 | 2024-Q1 | Payments Platform consumers | 13.0 million | 5 |
| 2024-04-22 | 2024-Q1 | NPL ratio | 5.3% | 5 |
| 2024-04-22 | 2024-Q1 | Monthly Transactions per Active Consumer | 71 | 5 |
| 2024-04-22 | 2024-Q1 | Merchant and Micro Finance as percentage of TFV | 17% | 5 |
| 2024-04-22 | 2024-Q1 | Marketplace purchases growth YoY | 33% | 5 |
| 2024-04-22 | 2024-Q1 | Marketplace active consumers | 7.4 million | 5 |
| 2024-04-22 | 2024-Q1 | Marketplace Take-Rate | 9.5% | 5 |
| 2024-04-22 | 2024-Q1 | Marketplace GMV | KZT1.2 trillion | 5 |
| 2024-04-22 | 2024-Q1 | Loan to deposit ratio | 86% | 5 |
| 2024-04-22 | 2024-Q1 | Kaspi Travel Take-Rate | 4.5% | 5 |
| 2024-04-22 | 2024-Q1 | Kaspi Travel GMV growth YoY | 44% | 5 |
| 2024-04-22 | 2024-Q1 | Kaspi Travel GMV | KZT97 billion | 5 |
| 2024-04-22 | 2024-Q1 | Kaspi Tours Take-Rate | 8.7% | 5 |
| 2024-04-22 | 2024-Q1 | Kaspi Tours GMV as percentage of Travel GMV | 7% | 5 |
| 2024-04-22 | 2024-Q1 | Fintech yield | 6% | 5 |
| 2024-04-22 | 2024-Q1 | Fintech loan consumers | 6.3 million | 5 |
| 2024-04-22 | 2024-Q1 | Fintech funding costs growth YoY | 36% | 5 |
| 2024-04-22 | 2024-Q1 | Fintech deposit consumers growth YoY | 24% | 5 |
| 2024-04-22 | 2024-Q1 | Fintech deposit consumers | 5.0 million | 5 |
| 2024-04-22 | 2024-Q1 | BNPL as percentage of TFV | 43% | 5 |
| 2024-04-22 | 2024-Q1 | Average savings growth YoY | 32% | 5 |
| 2024-04-22 | 2024-Q1 | Average savings | KZT5.3 trillion | 5 |
| 2024-04-22 | 2024-Q1 | Average net loan portfolio growth YoY | 37% | 5 |
| 2024-04-22 | 2024-Q1 | Average net loan portfolio | KZT4.4 trillion | 5 |
| 2024-09-24 | FY2023 | e-Grocery consumers (H1 2024) | 639 thousand | 13 |
| 2024-09-24 | FY2023 | e-Grocery GMV growth YoY (H1 2024) | 111% | 13 |
| 2024-09-24 | FY2023 | e-Grocery GMV (H1 2024) | around KZT56,900 million | 13 |
| 2024-09-24 | FY2023 | Non-resident customer account growth (2022-H1 2024) | 4.5% | 13 |
| 2024-09-24 | FY2023 | Non-resident customer account balances (as of 2Q2024) | 2.8% | 13 |
| 2024-09-24 | FY2023 | Merchant partners (2023) | 581K | 13 |
| 2024-09-24 | FY2023 | Marketplace GMV from non-residents (H1 2024) | 0.3% | 13 |
| 2024-09-24 | FY2023 | MAU (2023) | 14 million | 13 |
| 2024-09-24 | FY2023 | Daily Active Users (2023) | 9.1 million | 13 |
| 2024-04-29 | FY2023 | Weighted average shares diluted | 192,062,409 | 6 |
| 2024-04-29 | FY2023 | Weighted average shares basic | 189,859,971 | 6 |
| 2024-04-29 | FY2023 | Unsecured loans | 4,046,581 (KZT in millions of KZT) | 6 |
| 2024-04-29 | FY2023 | Term deposits percentage | 80% | 6 |
| 2024-04-29 | FY2023 | Subordinated debt percentage 2023 | 4.8% | 6 |
| 2024-04-29 | FY2023 | Retail term deposits percentage 2023 | 79% | 6 |
| 2024-04-29 | FY2023 | Retail term deposits percentage 2022 | 76% | 6 |
| 2024-04-29 | FY2023 | Retail current accounts percentage 2023 | 15% | 6 |
| 2024-04-29 | FY2023 | Retail current accounts percentage 2022 | 18% | 6 |
| 2024-04-29 | FY2023 | Restructured loans collected 2023 | 35,168 (KZT in millions of KZT) | 6 |
| 2024-04-29 | FY2023 | Portmone total assets percentage 2023 | 0.1% | 6 |
| 2024-04-29 | FY2023 | Portmone net income percentage 2023 | 0.05% | 6 |
| 2024-04-29 | FY2023 | Portmone group stake | 100% | 6 |
| 2024-04-29 | FY2023 | NPL ratio 2023 | 5.5% | 6 |
| 2024-04-29 | FY2023 | NPL ratio 2022 | 6.3% | 6 |
| 2024-04-29 | FY2023 | NPL ratio 2021 | 4.7% | 6 |
| 2024-04-29 | FY2023 | NPL collection rate outsourced | 65% | 6 |
| 2024-04-29 | FY2023 | maximum exposure credit risk loans | 3,823,734 (KZT in millions of KZT) | 6 |
| 2024-04-29 | FY2023 | Magnum ecommerce stake | 90.01% | 6 |
| 2024-04-29 | FY2023 | local bonds percentage 2023 | 2.8% | 6 |
| 2024-04-29 | FY2023 | Kazakhstan government securities percentage 2023 | 94% | 6 |
| 2024-04-29 | FY2023 | Kazakhstan government securities percentage 2022 | 99% | 6 |
| 2024-04-29 | FY2023 | GDP growth 2023 | 5.1% | 6 |
| 2024-04-29 | FY2023 | GDP growth 2022 | 3.2% | 6 |
| 2024-04-29 | FY2023 | GDP growth 2021 | 4.3% | 6 |
| 2024-04-29 | FY2023 | fintech segment net income 2023 | 34% | 6 |
| 2024-04-29 | FY2023 | fintech segment net income 2022 | 40% | 6 |
| 2024-04-29 | FY2023 | EPS diluted | 4,381 | 6 |
| 2024-04-29 | FY2023 | EPS basic | 4,431 | 6 |
| 2024-04-29 | FY2023 | customer accounts top twenty percentage | 1.80% | 6 |
| 2024-04-29 | FY2023 | customer accounts top twenty | 97,806 | 6 |
| 2024-04-29 | FY2023 | customer accounts KZT denominated | 91% | 6 |
| 2024-04-29 | FY2023 | customer accounts foreign currency | 9% | 6 |
| 2024-04-29 | FY2023 | customer accounts | ₸5,441,456 million | 6 |
| 2024-04-29 | FY2023 | Credit Suisse deposit withdrawal 2023 | $75.2 billion | 6 |
| 2024-04-29 | FY2023 | credit impaired loans collateralized | 26,932 (KZT in millions of KZT) | 6 |
| 2024-04-29 | FY2023 | consumer price inflation 2023 | 9.8% | 6 |
| 2024-04-29 | FY2023 | consumer price inflation 2022 | 20.3% | 6 |
| 2024-04-29 | FY2023 | consumer price inflation 2021 | 8.4% | 6 |
| 2024-04-29 | FY2023 | Average individual customer account balance | 1,100 | 6 |
| 2024-04-29 | FY2023 | active merchants | 581,000 | 6 |
| 2024-04-29 | FY2023 | Visa and Mastercard combined market share | 22% | 6 |
| 2024-04-29 | FY2023 | virtual assistant work equivalence | approximately 1,200 employees | 6 |
| 2024-04-29 | FY2023 | virtual assistant annual savings | ₸6.2 billion (approximately $14 million) | 6 |
| 2024-04-29 | FY2023 | user sessions in Super Apps (since 2021) | 31 billion | 6 |
| 2024-04-29 | FY2023 | user behavior signals analyzed per minute | 1.6 million | 6 |
| 2024-04-29 | FY2023 | uninsured deposits (as of December 31, 2023) | ₸1,340,272 million | 6 |
| 2024-04-29 | FY2023 | uninsured deposits (as of December 31, 2022) | ₸825,684 million | 6 |
| 2024-04-29 | FY2023 | uninsured deposits (as of December 31, 2021) | ₸528,097 million | 6 |
| 2024-04-29 | FY2023 | travel GMV as % of marketplace GMV | 8.5% | 6 |
| 2024-04-29 | FY2023 | transactions processed (since 2021) | 24 billion | 6 |
| 2024-04-29 | FY2023 | transaction fraud decision time | within 0.5 seconds | 6 |
| 2024-04-29 | FY2023 | second payment default rate | 0.3% | 6 |
| 2024-04-29 | FY2023 | proprietary payment network transactions vs Mastercard and Visa | more than combined | 6 |
| 2024-04-29 | FY2023 | Proprietary payment network market share | 78% | 6 |
| 2024-04-29 | FY2023 | Personal feedback collected per month | approximately 260,000 consumers | 6 |
| 2024-04-29 | FY2023 | Payments segment revenue share | 25% | 6 |
| 2024-04-29 | FY2023 | Payments Active Consumers from 2020-2023 cohorts | 62% | 6 |
| 2024-04-29 | FY2023 | Payment kiosks | 3,811 | 6 |
| 2024-04-29 | FY2023 | POS network devices | 538,000 | 6 |
| 2024-04-29 | FY2023 | P2P Payments with commission (2023) | 2.8% | 6 |
| 2024-04-29 | FY2023 | Outbound package holiday market size (2022) | ₸220 billion ($464 million) | 6 |
| 2024-04-29 | FY2023 | NPLs as percentage of gross loans | 5% | 6 |
| 2024-04-29 | FY2023 | Monthly Transactions per Active Consumer | 71 | 6 |
| 2024-04-29 | FY2023 | Merchants using financing products | 24% | 6 |
| 2024-04-29 | FY2023 | Merchants using Kaspi Delivery | 10% | 6 |
| 2024-04-29 | FY2023 | Merchants using Kaspi Advertising | 6% | 6 |
| 2024-04-29 | FY2023 | Marketplace segment revenue share | 23% | 6 |
| 2024-04-29 | FY2023 | Marketplace Active Consumers within 5-minute walk of Postomat | 80% | 6 |
| 2024-04-29 | FY2023 | Marketplace Active Consumers from 2020-2023 cohorts | 50% | 6 |
| 2024-04-29 | FY2023 | Loan originations within 6 seconds | 99.9% | 6 |
| 2024-04-29 | FY2023 | Loan applications (since 2021) | 97 million | 6 |
| 2024-04-29 | FY2023 | LTIP program participants | 184 senior executives and key personnel | 6 |
| 2024-04-29 | FY2023 | Kaspi.kz outlets | 112 | 6 |
| 2024-04-29 | FY2023 | Kaspi.kz Super App recognition | most recognized mobile app in Kazakhstan | 6 |
| 2024-04-29 | FY2023 | Kaspi.kz Government Services users | 11.0 million | 6 |
| 2024-04-29 | FY2023 | Kaspi Travel penetration | 17% | 6 |
| 2024-04-29 | FY2023 | Kaspi Postomats | 5,943 | 6 |
| 2024-04-29 | FY2023 | Kaspi Kartomats | 144 | 6 |
| 2024-04-29 | FY2023 | Kaspi Juma frequency (2024 plan) | at least three times | 6 |
| 2024-04-29 | FY2023 | Kaspi Juma GMV as % of Marketplace GMV | 14.2% | 6 |
| 2024-04-29 | FY2023 | Kaspi Juma GMV (2023) | ₸592 billion ($1.3 billion) | 6 |
| 2024-04-29 | FY2023 | Kaspi Deposit composition (tenge) | 91% | 6 |
| 2024-04-29 | FY2023 | Kaspi Deposit composition (USD) | 9% | 6 |
| 2024-04-29 | FY2023 | Kaspi B2B Payments as % of TPV | 4% | 6 |
| 2024-04-29 | FY2023 | Internal calls and messages processed (2023) | 14 million | 6 |
| 2024-04-29 | FY2023 | Grocery market size (2022) | ₸6.6 trillion ($14 billion) | 6 |
| 2024-04-29 | FY2023 | First payment default rate | 0.9% | 6 |
| 2024-04-29 | FY2023 | Fintech segment revenue share | 53% | 6 |
| 2024-04-29 | FY2023 | Fintech Yield | 20.4% | 6 |
| 2024-04-29 | FY2023 | Fintech Active Consumers (deposits) | 4.8 million | 6 |
| 2024-04-29 | FY2023 | E-commerce expected % of Kazakhstan retail (2027) | 20.5% | 6 |
| 2024-04-29 | FY2023 | E-commerce as % of Kazakhstan retail (2022) | 7.6% | 6 |
| 2024-04-29 | FY2023 | E-commerce CAGR (2022-2027) | 38% | 6 |
| 2024-04-29 | FY2023 | E-Grocery penetration | 4% | 6 |
| 2024-04-29 | FY2023 | E-Grocery GMV | ₸68.7 billion ($151 million) | 6 |
| 2024-04-29 | FY2023 | E-Commerce penetration | 34% | 6 |
| 2024-04-29 | FY2023 | E-Commerce orders delivered in less than 48 hours | 51% | 6 |
| 2024-04-29 | FY2023 | E-Commerce orders delivered free of charge (2023) | 88% | 6 |
| 2024-04-29 | FY2023 | Delivery revenue as % of e-Commerce GMV | 1.4% | 6 |
| 2024-04-29 | FY2023 | Delivery couriers | 2,500 | 6 |
| 2024-04-29 | FY2023 | Delivery company partners | 60 | 6 |
| 2024-04-29 | FY2023 | Deliveries through Kaspi Postomats | 39% | 6 |
| 2024-04-29 | FY2023 | Delinquency rate | 2.0% | 6 |
| 2024-04-29 | FY2023 | Data points analyzed per credit risk assessment | 4,380 | 6 |
| 2024-04-29 | FY2023 | Data center availability | 99.99% | 6 |
| 2024-04-29 | FY2023 | Classifieds MAU across three countries | 10 million | 6 |
| 2024-04-29 | FY2023 | Chat conversations processed (2023) | 6.2 million | 6 |
| 2024-04-29 | FY2023 | Average Savings | 4,491,864 | 6 |
| 2024-04-29 | FY2023 | Average Net Loan Portfolio | 3,541,594 (KZT in million) | 6 |
| 2024-04-29 | FY2023 | Average MAU (Kaspi.kz) | 14.0 million | 6 |
| 2024-04-29 | FY2023 | Average DAU to Average MAU ratio | 65% | 6 |
| 2024-04-29 | FY2023 | Advertising revenue as % of e-Commerce GMV | 0.5% | 6 |
| 2024-04-29 | FY2023 | Active Merchants (Kaspi Pay) | 581,000 | 6 |
| 2024-04-29 | FY2023 | ATMs | 3,292 | 6 |
| 2024-02-29 | FY2023 | Total capital (k.2) regulatory | 13.1% | 2 |
| 2024-02-29 | FY2023 | Total capital (k.2) | 18.0% | 2 |
| 2024-02-29 | FY2023 | Tier 1 capital (k1.2) regulatory | 12.2% | 2 |
| 2024-02-29 | FY2023 | Tier 1 capital (k1.2) | 17.0% | 2 |
| 2024-02-26 | FY2023 | m-Commerce Take-Rate FY2023 | 8.6% | 1 |
| 2024-02-26 | FY2023 | m-Commerce GMV growth YoY | 38% | 1 |
| 2024-02-26 | FY2023 | m-Commerce GMV FY2023 | KZT2.3 trillion | 1 |
| 2024-02-26 | FY2023 | e-Grocery transactions growth YoY | 3.3x | 1 |
| 2024-02-26 | FY2023 | e-Grocery GMV growth YoY | 3.5x | 1 |
| 2024-02-26 | FY2023 | e-Grocery Almaty net income margin 4Q2023 | 6% | 1 |
| 2024-02-26 | FY2023 | e-Commerce Take-Rate FY2023 | 11% | 1 |
| 2024-02-26 | FY2023 | e-Commerce GMV growth YoY | 53% | 1 |
| 2024-02-26 | FY2023 | e-Commerce GMV FY2023 | KZT1.5 trillion | 1 |
| 2024-02-26 | FY2023 | e-Commerce 1P share of GMV | 4% | 1 |
| 2024-02-26 | FY2023 | Total revenue FY2023 | KZT1.9 trillion | 1 |
| 2024-02-26 | FY2023 | Total ADSs outstanding | 189,333,465 | 1 |
| 2024-02-26 | FY2023 | TPV transactions YoY growth | 38% | 1 |
| 2024-02-26 | FY2023 | Payments Platform revenue growth YoY | 44% | 1 |
| 2024-02-26 | FY2023 | Payments Platform revenue FY2023 | KZT479 billion | 1 |
| 2024-02-26 | FY2023 | Payments Platform active consumers | 12.9 million | 1 |
| 2024-02-26 | FY2023 | Payments Platform Take-Rate FY2023 | 1.2% | 1 |
| 2024-02-26 | FY2023 | Payments Platform TPV growth YoY | 43% | 1 |
| 2024-02-26 | FY2023 | Payments Platform TPV FY2023 | KZT28.4 trillion | 1 |
| 2024-02-26 | FY2023 | Merchant count | 581,000 | 1 |
| 2024-02-26 | FY2023 | Merchant and Micro Business Finance share of TFV | 15% | 1 |
| 2024-02-26 | FY2023 | Marketplace revenue growth YoY | 87% | 1 |
| 2024-02-26 | FY2023 | Marketplace revenue FY2023 | KZT448 billion | 1 |
| 2024-02-26 | FY2023 | Marketplace active consumers growth YoY | 18% | 1 |
| 2024-02-26 | FY2023 | Marketplace active consumers | 7.1 million | 1 |
| 2024-02-26 | FY2023 | Marketplace Take-Rate FY2023 | 9.2% | 1 |
| 2024-02-26 | FY2023 | Marketplace GMV growth YoY | 45% | 1 |
| 2024-02-26 | FY2023 | Marketplace GMV FY2023 | KZT4.2 trillion | 1 |
| 2024-02-26 | FY2023 | Loan to deposit ratio end 2023 | 78% | 1 |
| 2024-02-26 | FY2023 | Kaspi Travel Take-Rate 4Q2023 | 4.6% | 1 |
| 2024-02-26 | FY2023 | Kaspi Travel GMV growth YoY | 53% | 1 |
| 2024-02-26 | FY2023 | Kaspi Travel GMV FY2023 | KZT353 billion | 1 |
| 2024-02-26 | FY2023 | Kaspi Tours Take-Rate 4Q2023 | 8.7% | 1 |
| 2024-02-26 | FY2023 | Kaspi Tours GMV share in Travel 4Q2023 | 5% | 1 |
| 2024-02-26 | FY2023 | Kaspi Smart Logistics orders delivered YoY growth | 130% | 1 |
| 2024-02-26 | FY2023 | Kaspi Postomats deployed by end 2023 | 5,943 | 1 |
| 2024-02-26 | FY2023 | Kaspi Delivery and Advertising contribution to e-Commerce Take-Rate | 1.9% | 1 |
| 2024-02-26 | FY2023 | GMV purchases YoY growth | 38% | 1 |
| 2024-02-26 | FY2023 | Fintech yield FY2023 | 26% | 1 |
| 2024-02-26 | FY2023 | Fintech revenue growth YoY | 38% | 1 |
| 2024-02-26 | FY2023 | Fintech revenue FY2023 | KZT1.0 trillion | 1 |
| 2024-02-26 | FY2023 | Fintech funding costs growth FY2023 YoY | 70% | 1 |
| 2024-02-26 | FY2023 | Fintech funding costs growth 4Q2023 YoY | 52% | 1 |
| 2024-02-26 | FY2023 | Fintech deposit consumers growth YoY | 27% | 1 |
| 2024-02-26 | FY2023 | Fintech deposit consumers | 4.8 million | 1 |
| 2024-02-26 | FY2023 | Fintech active consumers (loans) growth YoY | 12% | 1 |
| 2024-02-26 | FY2023 | Fintech active consumers (loans) | 6.2 million | 1 |
| 2024-02-26 | FY2023 | Fintech Platform TFV growth YoY | 47% | 1 |
| 2024-02-26 | FY2023 | Fintech Platform TFV FY2023 | KZT7.9 trillion | 1 |
| 2024-02-26 | FY2023 | Fintech NPL ratio | 5.5% | 1 |
| 2024-02-26 | FY2023 | Dividend per ADS 4Q2023 | KZT850 | 1 |
| 2024-02-26 | FY2023 | Diluted EPS FY2023 | KZT4,381 | 1 |
| 2024-02-26 | FY2023 | BNPL share of TFV | 46% | 1 |
| 2024-02-26 | FY2023 | B2B Payments TPV share | 4% | 1 |
| 2024-02-26 | FY2023 | B2B Payments TPV growth YoY | 2.1x | 1 |
| 2024-02-26 | FY2023 | Average net loan portfolio growth YoY | 32% | 1 |
| 2024-02-26 | FY2023 | Average net loan portfolio | KZT3.5 trillion | 1 |
| 2024-02-26 | FY2023 | Average monthly transactions per active consumer | 71 | 1 |
| 2024-02-26 | FY2023 | Average Kaspi Deposit balances growth YoY | 43% | 1 |
| 2024-02-26 | FY2023 | Average Kaspi Deposit balances | KZT4.5 trillion | 1 |
| 2024-02-26 | FY2023 | Average DAU to Average MAU ratio | 65% | 1 |
| 2024-02-26 | FY2023 | Almaty e-Grocery penetration 4Q2023 | 10% | 1 |
| 2024-02-26 | FY2023 | ADS repurchased since April 2022 | $277 million | 1 |
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Guidance Tracking (latest per metric/period · 9/24)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
| For period | Guided on | Metric | Guided | Verdict | Direction | Source |
|---|---|---|---|---|---|---|
| FY2026 | 2026-03-02 | EBITDA (adjusted) | 5% | pending | initiated | 32 |
| FY2025 | 2025-11-10 | Tax rate | 18–20% | – | confirmed | 30 |
| FY2025 | 2025-11-10 | Net income growth (Kazakhstan, including external factors) | 10–12% | – | cut | 30 |
| FY2025 | 2025-08-04 | Net income growth YoY | 15% | – | confirmed | 28 |
| FY2025 | 2025-05-12 | Consolidated net income growth | 15% | – | cut | 26 |
| FY2025 | 2025-05-12 | Marketplace GMV growth | 15–20% | – | cut | 26 |
| FY2025 | 2025-05-12 | Fintech TFV growth | 15% | – | cut | 26 |
| FY2025 | 2025-02-24 | Payments Platform TPV growth | 15–20% | – | – | 26 |
| FY2025 | 2025-02-24 | Fintech Platform TFV Growth | 15–20% | – | initiated | 20 |
| FY2024 | 2024-10-18 | Consolidated Net Income | 25% | – | confirmed | 15 |
| FY2024 | 2024-10-18 | Payments Platform Revenue | 20% | – | confirmed | 15 |
| FY2024 | 2024-10-18 | Payments Platform Net Income | 25% | – | confirmed | 15 |
| FY2024 | 2024-10-18 | Marketplace Revenue | 65% | – | cut | 15 |
| FY2024 | 2024-10-18 | Marketplace Net Income | 40% | – | confirmed | 15 |
| FY2024 | 2024-10-18 | Fintech Platform Revenue | 20% | – | confirmed | 15 |
| FY2024 | 2024-10-18 | Fintech Platform Net Income | 15% | – | confirmed | 15 |
| FY2024 | 2024-04-30 | Dividend per share | 850 | – | initiated | 7 |
| FY2024 | 2024-02-26 | Consolidated net income growth | 25% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Payments Platform revenue growth | 20% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Payments Platform net income growth | 25% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Marketplace revenue growth | 70% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Marketplace net income growth | 40% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Fintech Platform revenue growth | 20% | – | confirmed | 5 |
| FY2024 | 2024-02-26 | Fintech Platform net income growth | 15% | – | confirmed | 5 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
Kaspi.kz reported H1 2026 consolidated revenue of KZT 2,192,782 million, up 22.5% year-over-year, with the Marketplace segment growing 27.2% to KZT 1,028,033 million and the Fintech segment growing 23.9% to KZT 884,468 million 43. Consolidated net income declined marginally to KZT 510,796 million from KZT 512,678 million in H1 2025, while adjusted EBITDA rose 6.9% to KZT 765,101 million, as higher deposit funding costs and investments in Türkiye operations weighed on profitability 43. The Hepsiburada acquisition, completed in January 2025 for approximately USD 1,127 million, drove Türkiye to represent 50% of e-Commerce GMV by Q1 2026, with Türkiye revenue more than doubling year-over-year in that quarter 38 40. In April 2026, the company settled a USD 600 million Eurobond at 5.9% fixed rate due 2031 38, and in July 2026 completed the acquisition of Rabobank A.Ş., subsequently rebranded as Hepsi Bank A.Ş., to extend its Fintech offering into Türkiye from 2027 42 43. Full-year 2026 guidance was reiterated following Q2 results, with average net loan portfolio growth cited as the most representative indicator of Fintech growth 42.
FY2025
For fiscal year 2025, Kaspi.kz JSC reported consolidated revenue of KZT 4,046,074 million (+59.8% year-over-year), with the step-up driven primarily by consolidation of Hepsiburada following acquisition of a 65.41% stake on 29 January 2025 for approximately USD 1,127 million; on an underlying basis excluding Türkiye, revenue increased approximately 19% YoY, in line with guidance 32 34. Consolidated net income rose approximately 1% to KZT 1,067,707 million, as underlying net income growth of approximately 18% was offset by a KZT 93,018 million net loss from Türkiye operations attributable to Hepsiburada investment spending 32 34 35. The Payments segment reported net income of KZT 433,001 million (+13% YoY) on total payment value of KZT 44.2 trillion (+19% YoY), while the Fintech segment generated net income of KZT 354,933 million (+9% YoY) on total finance volume of KZT 11.7 trillion (+13% YoY), with cost of risk at 2.2% 35. Marketplace segment net income declined 20% to KZT 279,773 million reflecting Türkiye losses, though Hepsiburada Adjusted EBITDA recovered to TRY 1.1 billion positive for the full year and reached breakeven in Q4 2025 following targeted investment spending through Q3 2025 32 34 35. Full-year diluted EPS reached KZT 5,592 and free cash flow was KZT 491,098 million, with total assets up 32.3% to KZT 11,081,748 million as of 31 December 2025 34 143.
FY2024
FY 2024 consolidated revenue increased 32% year-over-year to KZT 2,532 billion, and net income rose 25% to KZT 1,057 billion with diluted EPS of KZT 5,431 23. All three platforms contributed: Payments Platform net income +24% with TPV +31%, Marketplace net income +41% with GMV +44%, and Fintech Platform net income +12% with TFV +30% 23. Kaspi.kz completed its Nasdaq listing in January 2024, broadening its investor base and increasing share liquidity 20. In October 2024 the company signed an agreement to acquire a 65.41% controlling stake in Hepsiburada, Turkey's leading e-commerce platform, for approximately USD 1,127 million, with the transaction closing in January 2025 15 20. The Marketplace Take Rate expanded from 8.5% in 1H 2023 to 9.7% for full-year 2024, reflecting growth in value-added services and marketing revenue 23.
FY2023
Kaspi.kz reported FY 2023 consolidated revenue of KZT 1,913,490 million, up 51% year-over-year, while net income rose 44% to KZT 848,770 million and diluted EPS increased 45% to KZT 4,381 1 2. The Payments and Marketplace Platforms together accounted for 66% of consolidated net income in 2023, up from 60% in 2022, with the Payments Platform recording 55% net income growth against 44% revenue growth, reaching record profitability 1. Kaspi.kz completed two acquisitions during the year: an initial 51% stake in Magnum E-commerce Kazakhstan LLC in February 2023, subsequently increased to 90.01%, and a 39.758% stake in Kolesa JSC in October 2023 that conferred operational control through a trust management arrangement 2 6. The Fintech segment's NPL ratio declined to 5.5% from 6.3% at end-2022, with cost of risk stable at 2.0% 1 6. For Q1 2024, management indicated net income was expected to grow approximately 25% year-over-year 1.
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
43 documents · 2024 – 2026 · SEC EDGAR (USA)
| # | Document type | Published | Link |
|---|---|---|---|
| #1 | 6-K-EX99.1 | 2024-02-26 | Open |
| #2 | 6-K-EX99.1 | 2024-02-29 | Open |
| #3 | 6-K-EX99.1 | 2024-03-25 | Open |
| #4 | 6-K-EX99.1 | 2024-04-09 | Open |
| #5 | 6-K-EX99.1 | 2024-04-22 | Open |
| #6 | 20-F | 2024-04-29 | Open |
| #7 / #107 | 6-K-EX99.1 | 2024-04-30 | Open |
| #8 | 6-K-EX99.1 | 2024-05-23 | Open |
| #9 | 6-K-EX99.1 | 2024-07-22 | Open |
| #10 / #110 | 6-K-EX99.1 | 2024-08-01 | Open |
| #11 | 6-K-EX99.1 | 2024-08-22 | Open |
| #12 | 6-K-EX99.1 | 2024-09-19 | Open |
| #13 | 6-K-EX99.1 | 2024-09-24 | Open |
| #14 | 6-K-EX99.1 | 2024-10-18 | Open |
| #15 | 6-K-EX99.1 | 2024-10-18 | Open |
| #16 | 6-K-EX99.1 | 2024-10-18 | Open |
| #17 / #117 | 6-K-EX99.1 | 2024-10-29 | Open |
| #18 | 6-K-EX99.1 | 2024-11-20 | Open |
| #19 | 6-K-EX99.1 | 2025-01-29 | Open |
| #20 | 6-K-EX99.1 | 2025-02-24 | Open |
| #21 | 6-K-EX99.1 | 2025-02-25 | Open |
| #22 | 6-K-EX99.1 | 2025-03-05 | Open |
| #23 | 20-F | 2025-03-10 | Open |
| #24 | 6-K-EX99.1 | 2025-03-21 | Open |
| #25 | 6-K-EX99.1 | 2025-03-31 | Open |
| #26 | 6-K-EX99.1 | 2025-05-12 | Open |
| #27 / #127 | 6-K-EX99.1 | 2025-05-16 | Open |
| #28 | 6-K-EX99.1 | 2025-08-04 | Open |
| #29 / #129 | 6-K-EX99.1 | 2025-08-06 | Open |
| #30 | 6-K-EX99.1 | 2025-11-10 | Open |
| #31 / #131 | 6-K-EX99.1 | 2025-11-13 | Open |
| #32 | 6-K-EX99.1 | 2026-03-02 | Open |
| #33 | 6-K-EX99.1 | 2026-03-04 | Open |
| #34 | 6-K-EX99.1 | 2026-03-13 | Open |
| #35 | 20-F | 2026-03-16 | Open |
| #36 | 6-K-EX99.1 | 2026-04-16 | Open |
| #37 | 6-K-EX99.1 | 2026-04-24 | Open |
| #38 | 6-K-EX99.1 | 2026-05-11 | Open |
| #39 | 6-K-EX99.1 | 2026-05-12 | Open |
| #40 / #140 | 6-K-EX99.1 | 2026-05-14 | Open |
| #41 | 6-K-EX99.1 | 2026-06-12 | Open |
| #42 | 6-K-EX99.1 | 2026-08-10 | Open |
| #43 / #143 | 6-K-EX99.1 | 2026-08-12 | Open |
FAQ#
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including EBITDA (adjusted). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Does Kaspi.kz JSC pay a dividend?
The filings report on the dividend; most recent entry: dividends paid KZT 850 (2026-Q1) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of Kaspi.kz JSC?
The sources chapter links all 51 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.
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