Joint Stock Kaspi.kz(NASDAQ) KSPI

Joint Stock Company Kaspi.kz, established in 2008 and based in Almaty, Kazakhstan, operates a comprehensive suite of digital services encompassing payments, e-commerce, and financial technology. The company serves individual consumers and a diverse range of merchants through its three core platforms: Payments, Marketplace, and Fintech.

Products and Services

• Payments Platform for seamless transactions and invoicing
• Marketplace Platform connecting retailers with consumers
• Fintech Platform offering various financial products via the Super App

Growth Outlook

• Revenue growth of 7.5% year-over-year in Q2 2026
• Net income increased by 8.5% compared to Q1 2026
• Strong demand for digital services driving market expansion

Financial Highlights

• TTM revenue of 4.4 trillion KZT, reflecting robust business performance
• Net profit margin of 23.96% indicates strong profitability
• Dividend yield of 5.85% offers attractive returns for investors

Kaspi.kz has positioned itself as a leader in the digital services sector in Kazakhstan, leveraging technology to enhance consumer and merchant experiences. The Payments Platform facilitates efficient transactions, while the Marketplace Platform enhances sales through an omnichannel approach. The Fintech Platform provides innovative financial solutions, including Buy Now, Pay Later options, catering to the evolving needs of consumers and businesses alike. The company's recent financial performance underscores its growth trajectory, with a notable increase in revenue and net income. The strong demand for digital services, coupled with a solid market presence, suggests a favorable outlook for future growth. The attractive dividend yield further enhances the investment appeal, making Kaspi.kz a noteworthy consideration for potential investors seeking exposure to the burgeoning digital economy in Kazakhstan.