KSPI Stock Recent News

SINGAPORE--(BUSINESS WIRE)--Alipay+, Ant International's global wallet gateway, and Kaspi.kz, the leading super app in Kazakhstan, have enabled international cross-border QR payment acceptance in Kazakhstan. Users of 12 Alipay+-enabled payment apps can scan-to-pay via Kaspi QR, which has the largest nationwide merchant coverage, from shopping, F&B and attractions, to convenience stores, medical services and even stores in smaller villages and towns. Kazakhstan becomes the first country in C.

Kaspi delivered strong Q2 results, with robust revenue growth in Kazakhstan despite inflation and high-interest rates, reaffirming a positive full-year outlook. The company's core fintech and e-commerce businesses remain dominant in Kazakhstan, with significant deposit growth and expansion in e-grocery, positioning it for future margin improvement. Kaspi's expansion into Turkey via Hepsiburada and the Rabobank deal presents both high potential and considerable risk, requiring patience and close monitoring.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI ) Q2 2025 Earnings Conference Call August 4, 2025 8:00 AM ET Company Participants David Ferguson - Head of Investor Relations Mikheil N. Lomtadze - Co-Founder, Executive Director, Chairman of the Management Board & CEO Conference Call Participants Cihan Saraoglu - HSBC Global Investment Research Darrin David Peller - Wolfe Research, LLC Gabor Kemeny - Unidentified Company Reginald Lawrence Smith - JPMorgan Chase & Co, Research Division Operator Hello, everybody, and welcome to Kaspi.kz Second Quarter and First Half 2025 Financial Results.

ALMATY, Kazakhstan, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”) (Nasdaq:KSPI) which operates the Kaspi.kz and Kaspi Pay Super Apps in Kazakhstan and owns 66.35% of Hepsiburada in Türkiye, today published its unaudited consolidated IFRS financial results for the quarter and first half ended 30 June 2025 (“2Q & 1H 2025”).

Kaspi.kz remains a strong buy, with robust growth, low P/E, and a high dividend yield despite recent share price weakness and a Q1 miss. The Q1 miss was driven by a temporary smartphone registration issue in Kazakhstan, not by company execution, and growth in core segments remains strong. Kaspi's expansion into Turkey via Hepsiburada and a Rabobank subsidiary sets the stage for significant long-term growth in a much larger market.

Kaspi.kz (NASDAQ: KSPI) reported a 21% rise in Q1 2025 revenue and a 16% increase in net income. Still, management lowered its full-year guidance due to emerging headwinds. Kaspi trades at approximately 8× forward earnings and around 5× adjusted core free cash flow, exceptionally low multiples given its growth profile and strong network effects. While geopolitical risk is a real factor, the primary bear cases regarding competition and market saturation appear overstated, as evidenced by Kaspi's dominant user engagement metrics, which are far superior.

Smartphone registering rules hit online activity and knocked a few hundred bps off growth. Smartphones will get more expensive for Kazakhs, and volumes disrupted for now. They also had to provision for higher credit losses due to persistently high rates, continuing inflation and petro-macro concerns. This dinged their fintech business. But they are drawing in a lot of new funds with the deposit options for Kazakhs. Moreover, the growth is still continuing in their directly provided services, lifting take rates.

Joint Stock Company Kaspi.kz (OTC:KSPI) Q1 2025 Results Conference Call May 12, 2025 8:00 AM ET Company Participants David Ferguson - Managing Director Head of Investor Relations Mikheil Lomtadze - CEO and Co-Founder Yuri Didenko - Deputy CEO Tengiz Mosidze - Deputy CFO Conference Call Participants Ygal Arounian - Citi Darrin Peller - Wolfe Research Reggie Smith - JPMorgan Jamie Friedman - Susquehanna Gabor Kemeny - Autonomous Salman Ali - Fountainhead Partnership Operator Hello, and welcome everyone to the Kaspi.kz First Quarter 2025 Financial Results. [Operator Instructions] I will now hand you over to David Ferguson, Head of Investor Relations at Kaspi.kz to begin.

ALMATY, Kazakhstan, May 12, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”) (Nasdaq:KSPI) which operates the Kaspi.kz and Kaspi Pay Super Apps in Kazakhstan and owns 65.41% of Hepsiburada in Türkiye, today published its unaudited consolidated IFRS financial results for the quarter ended 31 March 2025 (“1Q 2025”). 1Q 2025 Highlights Our results for the first quarter of the year were broadly as we expected them to be.

Kaspi is a compelling investment opportunity for those who don't mind exposure to Kazakhstan, as it's the country's dominant fintech service provider. Kaspi has demonstrated robust revenue and earnings growth with high margins despite having well below average valuation multiples. KSPI decided to cut its dividend for 2025, but its ability and motive to pay in the future remain high, so yield chasers should keep it on their watch list.