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Joint Stock Co Kaspi.kz

KSPI Clue Score67
Kazakhstan Fiscal year ends December CIK 0001985487
$92.99 +0.17% Close, 9 Oct 2026
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Price $92.99 +22.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Jan 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2021Revenue884.82Net income431.91EPS, diluted2,222.00Fiscal year 2022Revenue1,270.59 +43.6%Net income585.03 +35.4%EPS, diluted3,016.00 +35.7%Fiscal year 2023Revenue1,913.49 +50.6%Net income841.35 +43.8%EPS, diluted4,381.00 +45.3%Fiscal year 2024Revenue2,532.16 +32.3%Net income1,039.74 +23.6%EPS, diluted5,431.00 +24.0%Fiscal year 2025Revenue4,046.07 +59.8%Net income1,073.18 +3.2%EPS, diluted5,592.00 +3.0%
FY2021FY2022FY2023FY2024FY2025
Revenue 884.82 1,270.59 1,913.49 2,532.16 4,046.07
Growth +43.6% +50.6% +32.3% +59.8%
Net income 431.91 585.03 841.35 1,039.74 1,073.18
Growth +35.4% +43.8% +23.6% +3.2%
EPS, diluted 2,222.00 3,016.00 4,381.00 5,431.00 5,592.00
Growth +35.7% +45.3% +24.0% +3.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2021Net margin48.8%Fiscal year 2022Net margin46.0%Fiscal year 2023Net margin44.0%Fiscal year 2024Net margin41.1%Fiscal year 2025Net margin26.5%
FY2021FY2022FY2023FY2024FY2025
Net margin 48.8% 46.0% 44.0% 41.1% 26.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2021Operating cash flow70.35Dividends paid−340.36Fiscal year 2022Operating cash flow1,020.98Buybacks−63.67Dividends paid−210.10Fiscal year 2023Operating cash flow1,106.13Buybacks−60.70Dividends paid−560.13Fiscal year 2024Operating cash flow581.89Buybacks−2.85Dividends paid−646.06Fiscal year 2025Operating cash flow673.61Buybacks−21.91Dividends paid0.00
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 70.35 1,020.98 1,106.13 581.89 673.61
Buybacks n/a −63.67 −60.70 −2.85 −21.91
Dividends paid −340.36 −210.10 −560.13 −646.06 0.00

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2021Cash342.10Shareholders’ equity504.70Fiscal year 2022Cash615.36Shareholders’ equity819.17Fiscal year 2023Cash820.47Shareholders’ equity1,078.12Fiscal year 2024Cash619.47Shareholders’ equity1,517.22Fiscal year 2025Cash903.14Shareholders’ equity2,491.84
FY2021FY2022FY2023FY2024FY2025
Cash 342.10 615.36 820.47 619.47 903.14
Shareholders’ equity 504.70 819.17 1,078.12 1,517.22 2,491.84

In billions of KZT, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of KZT, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
884.82 1,270.59 1,913.49 2,532.16 4,046.07
Growth +43.6% +50.6% +32.3% +59.8%
56.83 82.75 166.36 303.86 1,179.14
44.39 60.81 88.66 109.55 208.58
23.69 24.77 29.47 32.90 78.25
528.80 720.57 1,022.00 1,282.29 1,331.92
93.59 131.73 173.23 225.46 264.21
431.91 585.03 841.35 1,039.74 1,073.18
Growth +35.4% +43.8% +23.6% +3.2%
Per share
2,247.00 3,051.00 4,431.00 5,477.00 5,631.00
2,222.00 3,016.00 4,381.00 5,431.00 5,592.00
Growth +35.7% +45.3% +24.0% +3.0%
192.2 191.7 189.9 189.8 190.6
194.3 194.0 192.1 191.4 191.9
Growth −0.2% −1.0% −0.3% +0.2%

Shown in KZT as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 5 years on file.