Joint Stock Company Kaspi.kz revenue and financials

KSPI · NASDAQ · USD

$93.16−0.87%−$0.82

Close · October 6, 2026

In the fiscal year ended December 2025, Joint Stock Company Kaspi.kz reported revenue of ₸4.04T (+58.93% year over year). Net income was ₸1.07T, a net margin of 26.5%.

Annual revenue · 2025: ₸4.04T
  1. ₸885.48B2021
  2. ₸1.27T2022
  3. ₸1.9T2023
  4. ₸2.54T2024
  5. ₸4.04T2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+58.93%
2025 vs 2024
Net income growth
+3.22%
2025 vs 2024
Net margin
26.5%
2024: 40.9%

Financial data

Amounts in millions of KZT; per-share values in KZT; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets12,057,49311,097,71111,081,74810,348,74410,048,0259,294,7398,377,1017,620,6117,167,8896,909,2266,821,9326,079,275
Current assets9,096,4888,567,7988,638,7567,826,2727,731,7026,956,1626,520,7915,840,4295,538,4395,273,3155,189,6934,395,034
Cash and equivalents998,610797,075903,143501,5191,077,948686,622619,470506,634594,862668,058820,466528,515
Short-term investments1,552,2011,185,2091,155,2821,270,1861,167,121———————
Receivables7,495,3327,324,8837,270,7186,848,5186,436,9356,092,9975,793,1085,279,7664,891,0124,553,9974,277,2323,819,441
Inventory110,641105,997124,522142,275111,479110,75216,164———14,370—
Net property, plant and equipment748,235715,011313,899427,927396,954359,914193,205205,224186,984172,357142,729151,913
Goodwill459,118448,604447,128617,719569,485566,45517,438———34,078—
Other intangible assets——400,462———76,084———31,617—
Long-term investments1,552,2011,186,3451,157,3551,275,8981,169,3971,230,4901,489,6821,429,9401,290,0081,311,3501,377,1301,424,275
Current liabilities1,396,2151,213,0791,531,6161,826,5431,817,4781,736,3391,312,8331,021,9591,048,029940,9081,102,058923,134
Accounts payable304,384277,405346,401370,181304,335284,59122,454—————
Long-term debt605,368309,700332,15318862,38960,692138138,797130,410110,654161,837157,887
Total debt689,296411,639470,576438,054591,473———————
Total liabilities9,326,9888,322,6438,480,1718,005,9668,018,3637,511,0826,804,2406,245,0635,936,9105,550,6385,718,7195,069,829
Total equity (incl. minority)2,730,5052,775,0682,601,5772,342,7782,029,6621,783,6571,572,8611,375,5481,230,9791,358,5881,103,2131,009,446
Retained earnings2,701,7322,771,2452,543,7852,270,1441,990,5301,733,2031,465,2951,314,9131,206,7341,291,1651,054,945970,989
Minority interest91,38990,935109,73470,82375,21674,22855,63735,44031,66328,49025,0909,951