Welcome to our dedicated page for Kaspi kz news (Ticker: KSPI), a resource for investors and traders seeking the latest updates and insights on Kaspi kz stock.
Kaspi.kz (KSPI) operates Kazakhstan's leading integrated digital ecosystem, providing fintech solutions, e-commerce services, and mobile payment infrastructure through its consumer and merchant Super Apps. This page consolidates all official company announcements and market-moving developments for stakeholders tracking its growth in Central Asia's digital economy.
Investors and analysts will find timely updates including quarterly earnings reports, strategic partnership announcements, product launch details, and regulatory filings. Content is organized to highlight operational milestones across Kaspi.kz's three core platforms: Payments infrastructure innovations, Marketplace expansion initiatives, and Fintech product enhancements.
Key updates cover merchant network growth metrics, technological advancements in mobile payment security, and ecosystem expansion strategies. All materials are sourced from verified corporate communications to ensure compliance with financial disclosure standards. Bookmark this page for efficient tracking of Kaspi.kz's market position and industry leadership in Kazakhstan's cashless transformation.
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.
Kaspi.kz (NASDAQ:KSPI) reported strong financial results for Q4 and FY 2024. The company achieved 25% year-over-year net income growth and 32% revenue growth in FY 2024, meeting initial guidance. The Marketplace platform showed exceptional performance with GMV up 44% in FY 2024, driven by e-Commerce growth of 85%. Payments and Marketplace platforms contributed 69% of FY 2024 consolidated net income.
Key highlights include: Kaspi Delivery orders increased 128% YoY to 99 million in FY 2024, e-Commerce Take Rate improved to 11.3%, and e-Grocery GMV grew 97%. The Fintech Platform saw TFV growth of 30% in FY 2024, with Merchant & Micro Business Finance reaching 17% of TFV. The company completed the acquisition of 65.41% of Hepsiburada in January 2025 for an initial payment of $600 million, with $526.9 million due within 6 months.
Looking ahead, Kaspi.kz projects approximately 20% YoY consolidated net income growth for 2025, excluding impact from Turkish operations.
Kaspi.kz (NASDAQ: KSPI) has completed its acquisition of a controlling interest in Hepsiburada (NASDAQ: HEPS), acquiring 40,000,000 Class A and 173,246,220 Class B shares, representing 65.41% of Hepsiburada's total outstanding share capital. The transaction, valued at approximately $1.127 billion, includes $600 million paid in cash at closing and $526.9 million in deferred consideration payable within six months.
The acquisition expands Kaspi.kz's addressable market to 100 million people. Both companies will maintain distinct brands and operating structures. The deal received all necessary regulatory approvals, including from Turkish authorities. As collateral for the deferred payment, Kaspi.kz has pledged 65,199,658 Class B Hepsiburada shares to the sellers.
Kaspi.kz (KSPI) has scheduled the announcement of its fourth quarter and full year 2024 financial results for Monday, February 24, 2025. The company's management will host a conference call and webcast at 8:00 AM EST (1:00 PM GMT, 6:00 PM Astana time) to discuss the period's performance. Interested participants can pre-register for the call through the provided online link, after which they will receive access details via email.
