Kaspi kz Stock Price, News & Analysis

Kaspi.kz (NASDAQ: KSPI) has scheduled the release of its financial results for Q2 and H1 2025 on Monday, August 4, 2025. The company will host a conference call and webcast at 8:00 AM EST (1:00 PM GMT, 5:00 PM Astana time) where management will discuss the financial performance for these periods.

Interested participants can pre-register for the conference call through the provided link and will receive access details via email.

Kaspi.kz (NASDAQ: KSPI) reported its Q1 2025 financial results, showing solid growth across its platforms. The company achieved 21% YoY revenue growth and 16% YoY net income growth in Kazakhstan operations. Key highlights include: Payments TPV up 23%, Marketplace revenue up 33% with e-Grocery GMV surging 64% YoY, and Fintech revenue growth of 18%. The company completed its acquisition of 65.41% of Hepsiburada in January 2025, with an initial payment of $600M and $526.9M due within 6 months. Kaspi.kz successfully placed a $650M 5-year Eurobond at 6.250%. However, due to higher interest rates and macro-economic challenges, the company revised its 2025 net income growth guidance from 20% to 15% YoY.

Kaspi.kz (KSPI) has scheduled the announcement of its first quarter 2025 financial results for Monday, May 12, 2025. The company will host a conference call and webcast at 8:00 AM EST (1:00 PM GMT, 5:00 PM Astana time) where management will present and discuss the quarterly results. Interested participants can pre-register for the event through the provided online registration link.

Kaspi.kz (NASDAQ: KSPI) held its Annual General Meeting on March 28, 2025, where several key resolutions were approved. The company's shareholders passed resolutions including the approval of 2024 annual audited financial statements and decided not to distribute additional dividends for 2024, considering previously paid quarterly dividends.

Other approved items included taking note of shareholder appeals regarding company and officer actions in 2024, and the reappointment of Deloitte LLP as the external auditor for the company's 2025 financial statements.

Kaspi.kz (NASDAQ: KSPI) has entered into a share purchase agreement to acquire Rabobank A.Ş., the Turkish subsidiary of Rabobank Group. The target is a fully licensed bank in Turkiye, currently operating without borrowing or depositing clients and lacking a branch network. The transaction, described as non-material, remains subject to regulatory approvals and customary closing conditions.

Kaspi.kz (NASDAQ: KSPI) has successfully priced a $650 million offering of senior unsecured Notes due 2030, marking the largest ever investment grade bond issuance by a non-sovereign from Kazakhstan. The Notes, carrying a 6.250% interest rate payable semi-annually, were priced on March 18, 2025, with settlement expected on March 26, 2025.

The Notes will be offered exclusively to qualified institutional buyers in the US under Rule 144A and internationally under Regulation S. Interest payments will commence from September 26, 2025. The company plans to utilize the net proceeds for general corporate purposes.

Kaspi.kz (NASDAQ: KSPI) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The report has been made publicly accessible through two channels: the company's investor relations website at https://ir.kaspi.kz/financial-information/ and the SEC's official website at www.sec.gov.

Kaspi.kz (KSPI) has received an investment grade Baa3 rating with stable outlook from Moody's, marking its second international credit rating following Fitch's BBB- rating in H2 2024. The rating reflects Kaspi.kz's:

- Diverse business profile and leading nationwide franchise
- Super App business model combining payments, commerce, and fintech
- Stellar profitability exceeding 40%
- Sound financials including capitalization and liquidity
- Low leverage structure, primarily consisting of Kaspi Bank deposit liabilities

This rating is independent of Kaspi Bank's existing ratings and comes as the company prepares for expansion into Türkiye through Hepsiburada.

Kaspi.kz (KSPI) has announced its Annual General Meeting of Shareholders scheduled for March 28, 2025 at 10:00 Astana time in Almaty, Kazakhstan. A backup date of March 31, 2025, is set if quorum isn't met.

The agenda includes approval of 2024 annual audited financial statements, distribution of net income, and dividend considerations. The Board recommends no additional dividend payments for 2024, considering previously paid quarterly dividends. The Board also recommends renewing Deloitte LLP as external auditor for another 12 months.

Shareholders eligible to participate will be determined based on the register as of February 21, 2025.