Joint Stock Company Kaspi.kz (KSPI) — Financial statements
Income statement, balance sheet, and cash flow for Joint Stock Company Kaspi.kz — annual and quarterly history with growth and margin analysis.
| Metric (KZT Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,935,017↑56.1% | 2,520,927↑33.4% | 1,890,290↑48.9% | 1,269,215↑43.3% | 885,478 | |
| Cost of Revenue | 1,040,970↑9.6% | 949,468↑41.3% | 671,836↑546.6% | 103,895↑41.6% | 73,371 | |
| Gross Profit | 2,894,047↑84.2% | 1,571,459↑29.0% | 1,218,454↑4.6% | 1,165,320↑43.5% | 812,107 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 109,553↑23.6% | 88,657↑45.8% | 60,807↑37.0% | 44,388 | |
| General & Administrative Expenses | 0.00↓100.0% | 32,899↑11.6% | 29,468↑30.0% | 22,660↓4.3% | 23,685 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 43,990↑101.0% | 21,891↓14.4% | 25,567↑193.8% | 8,702 | |
| SG&A Expenses | 0.00↓100.0% | 76,889↑49.7% | 51,359↑6.5% | 48,227↑48.9% | 32,387 | |
| Other Expenses | 1,598,688↑1302.9% | 113,957↑43.1% | 79,634↑1282.3% | 5,761 | 0.00 | |
| Operating Expenses | 1,598,688↑432.2% | 300,399↑36.8% | 219,650↑91.3% | 114,795↑49.5% | 76,775 | |
| Total Costs & Expenses | 2,639,658↑111.2% | 1,249,867↑40.2% | 891,486↑307.6% | 218,690↑45.7% | 150,146 | |
| Operating Results | ||||||
| Operating Income | 1,295,359↑1.9% | 1,271,060↑27.3% | 998,804↓4.9% | 1,050,525↑42.9% | 735,332 | |
| Depreciation & Amortization | 0.00 | 0.00 | 0.00↓100.0% | 16,794↑32.5% | 12,678 | |
| EBITDA | 1,295,359↑1.9% | 1,271,060↑27.3% | 998,804↓1.6% | 1,015,357↑42.3% | 713,627 | |
| EBIT | 1,295,359↑1.9% | 1,271,060↑27.3% | 998,804↑0.0% | 998,563↑42.5% | 700,949 | |
| Interest & Other Income | ||||||
| Net Interest Income | 652,240 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 1,535,996 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 883,756 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00↓100.0% | 51,962↑51.1% | 34,383 | |
| Other Income / Expenses | 0.00↓100.0% | 11,229↓51.6% | 23,200↑107.0% | -329,951↓59.8% | -206,530 | |
| Income Before Tax | 1,295,359↑1.0% | 1,282,289↑25.5% | 1,022,004↑41.8% | 720,574↑36.3% | 528,802 | |
| Income Tax Expense | 256,959↑14.0% | 225,455↑30.1% | 173,234↑31.5% | 131,730↑40.8% | 93,588 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,038,400↓1.7% | 1,056,834↑24.5% | 848,770↑44.1% | 588,844↑35.3% | 435,214 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,038,400↓0.1% | 1,039,739↑23.6% | 841,351↑43.8% | 585,026↑35.4% | 431,914 | |
| Bottom-Line Net Income | 1,038,400↓0.1% | 1,039,739↑23.6% | 841,351↑43.8% | 585,026↑35.4% | 431,914 | |
| EPS (Basic) | 5,464.06↓0.2% | 5,474.35↑23.5% | 4,431.43↑45.2% | 3,051.00↑35.8% | 2,247.00 | |
| EPS (Diluted) | 5,464.06↑0.6% | 5,430.77↑24.0% | 4,380.61↑45.2% | 3,016.00↑35.7% | 2,222.00 | |
| Weighted Average Shares | 190↑0.0% | 190↑0.0% | 190↓1.0% | 192↓0.3% | 192 | |
| Weighted Average Diluted Shares | 190↓0.8% | 191↓0.3% | 192↓1.0% | 194↓0.2% | 194 | |
* All figures in Millions of KZT, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.