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Joint Stock Company Kaspi.kz filings document U.S. disclosure by a foreign private issuer whose American Depositary Shares trade under KSPI. Form 6-K reports furnish annual and interim consolidated financial statements, operating results, AGM notices and results, dividend resolutions, external-auditor appointments, board remuneration terms, and material capital-structure events.
The filings also incorporate selected disclosures by reference into the company’s Form S-8 registration statement and include Form 20-F annual reporting. Company-specific risk disclosure addresses the Kaspi.kz and Kaspi Pay Super App model, consumer and merchant engagement, platform network effects, technology infrastructure, merchant relationships, and the Payments, Marketplace, and Fintech Platforms.
Joint Stock Company Kaspi.kz has called an Extraordinary General Meeting of Shareholders for 11 June 2026 at 10:00 Astana time in Almaty, Kazakhstan, with a backup date of 12 June 2026 if quorum is not reached.
The agenda includes approval of the meeting agenda, setting the Counting commission, and a vote on paying dividends on common shares. The Board of Directors recommends a dividend of 850 KZT per common share, with a proposed dividend record date of 10 June 2026. Shareholders entitled to participate will be based on the register as of 08 May 2026.
Kaspi.kz reported strong growth for 1Q 2026, driven mainly by its e-Commerce and Marketplace platforms. Revenue rose 31% year-over-year to KZT1.1 trillion ($2.3 billion), helped by higher order frequency, growing value-added services like advertising and delivery, and expansion in Türkiye.
Adjusted EBITDA increased 9% to KZT368 billion ($768 million), while net income was broadly stable at KZT252 billion ($526 million), down 1% year-over-year as higher deposit funding costs and consolidation of Hepsiburada weighed on margins. The Board recommended a quarterly dividend of KZT850 per ADS, a 64% payout ratio, subject to shareholder approval.
e-Commerce GMV grew 41% year-over-year to KZT1.3 trillion ($2.6 billion), with purchases per consumer rising from 10.4 to 15. Marketplace revenue increased 49% to KZT520 billion ($1.1 billion), Payments TPV grew 14% to KZT11.4 trillion ($23.7 billion), and Fintech revenue rose 25% to KZT430 billion ($897 million) with cost of risk at 0.7%. Kaspi.kz also completed a $600 million 5.900% five-year Eurobond, adding liquidity and financial flexibility, and reaffirmed its full-year 2026 guidance.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of 25,694 American Depositary Shares (ADS) over two days. On May 6–7, 2026, he sold ADS in several tranches, with reported weighted average prices ranging from about $85.603 to $88.645 per ADS.
After these transactions, he directly holds 38,874,933 ADS, so the sales represent only a small fraction of his reported position.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported selling 31,596 American Depositary Shares (ADSs) in open-market transactions. The sales occurred on May 4 and May 5 at weighted average prices generally in the mid‑$80s per ADS.
Individual trades ranged from $83.61 to $88.24 per ADS based on the disclosed price ranges. Each ADS represents one common share of Kaspi.kz. After these transactions, the filing shows that Kim still holds a very large direct position measured in tens of millions of ADSs.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of 53,352 American Depositary Shares (ADS). The ADSs were sold on April 30 and May 1, 2026 at weighted average prices ranging from about $85.71 to $88.11 per ADS. Following these transactions, Kim directly holds 38,932,223 ADS, with each ADS representing one common share of the issuer.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of American Depositary Shares (ADS) over two days. On April 28 and 29, 2026, he sold a total of 62,585 ADS, with reported weighted average prices around $85–$89 per ADS. Footnotes state each ADS represents one common share and that the prices are weighted averages from multiple trades within disclosed price ranges.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of 56,434 American Depositary Shares (ADSs). The transactions occurred on April 24 and April 27, 2026, with reported weighted average prices ranging from $83.425 to $89.55 per ADS.
Each ADS represents one common share of Kaspi.kz. All sales were reported as direct ownership transactions, and the filing shows a continuing direct ADS position after these dispositions.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of 47,008 American Depositary Shares (ADS). The sales took place on April 22 and 23 at reported weighted average prices in the mid‑$80s per ADS.
Each ADS represents one common share of Kaspi.kz. After these transactions, Kim continues to directly hold a stake of roughly 39.1 million ADS, indicating the sales are small compared with his overall reported position.
Kaspi.kz has issued $600 million of 5.900% senior unsecured Notes due 2031 in its second international bond deal since achieving investment-grade ratings. The five-year notes, rated Baa3/BBB-, were 3.5x oversubscribed with demand from about 130 institutional investors.
The coupon is 5.900%, payable semi-annually starting October 28, 2026, with settlement on April 28, 2026. Kaspi.kz plans to use the proceeds for general corporate purposes to strengthen liquidity. The notes are offered to qualified institutional buyers in the U.S. under Rule 144A and to other investors under Regulation S.
Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open-market sales of 107,546 American Depositary Shares (ADS) over two days. The trades were executed on April 20 and 21 at various prices as reflected in the Form 4 data.
After these transactions, Kim directly holds 39,257,572 ADS, so the reported sales represent only a small portion of his disclosed position. Each ADS represents one common share of Kaspi.kz.