Joint Stock Company Kaspi.kz revenue and financials
$93.16Change from previous close: −0.87%Absolute change: −$0.82
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%.
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 711,417 | 86,509 | 460,062 | -111,434 | 449,651 | -124,668 | 286,347 | 195,752 | 278,651 | -178,858 | 436,066 | -112,326 |
| Depreciation and amortization | 23,745 | 22,842 | 19,986 | 23,452 | 19,972 | 14,842 | 7,507 | 7,248 | 6,909 | 7,170 | 7,597 | 7,140 |
| Capital expenditure | -56,402 | -32,962 | -72,004 | -32,215 | -51,465 | -26,829 | -31,010 | -32,322 | -23,236 | -9,158 | -6,956 | -14,264 |
| Investing cash flow | -451,252 | -88,652 | 29,653 | -409,891 | -12,153 | -115,412 | -29,472 | -122,513 | -43,792 | 87,413 | 54,816 | 247,200 |
| Financing cash flow | -53,536 | -80,283 | -66,138 | -60,068 | -49,590 | 326,047 | -168,837 | -162,725 | -323,388 | -54,821 | -182,560 | -152,540 |
| Dividends paid | -323,201 | — | 0.0 | 0.0 | — | — | -161,514 | -161,514 | -323,028 | — | -161,065 | -142,341 |
| Share repurchases | 0.0 | -28,368 | -21,907 | 0.0 | 0.0 | — | — | — | — | -2,852 | -15,469 | -9,609 |
| Debt issued | 275,262 | 0.0 | 0.0 | 0.0 | 0.0 | 326,047 | — | — | — | — | — | — |
| Debt repaid | — | — | 0.0 | -59,103 | -48,996 | 0.0 | 2,426 | — | — | -51,195 | — | — |
| Effect of exchange rates | -5,094 | -23,642 | -21,953 | 4,964 | 3,418 | -18,815 | 24,798 | 1,258 | 15,333 | -6,142 | -16,371 | 18,901 |
| Net change in cash | 201,535 | -106,068 | 401,624 | -576,429 | 391,326 | 67,152 | 112,836 | -88,228 | -73,196 | -152,408 | 291,951 | 1,235 |
| Free cash flow | 655,015 | 53,547 | 388,058 | -143,649 | 398,186 | -151,497 | 255,337 | 163,430 | 255,415 | -188,016 | 429,110 | -126,590 |
| Levered free cash flow | 62,539 | -189,847 | -121,983 | -360,122 | -53,140 | -167,991 | -161,079 | -242,267 | 18,229 | -314,536 | -120,912 | -274,841 |