Kaspi.kz Files Annual Report on Form 20-F
Rhea-AI Summary
Kaspi.kz (Nasdaq: KSPI) filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 16, 2026.
According to Kaspi.kz, the 2025 Form 20-F is available on the company investor relations website and on the SEC website.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
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Negative
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News Market Reaction – KSPI
On the day this news was published, KSPI gained 3.90%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 04 | AGM announcement | Neutral | -2.1% | Called 2026 AGM with dividend proposal and auditor renewal items. |
| Mar 02 | Earnings results | Positive | +10.5% | Reported FY 2025 revenue and net income growth with proposed dividend. |
| Feb 05 | Earnings date | Neutral | -2.7% | Set date and call details for 4Q and FY 2025 results release. |
| Nov 10 | Earnings results | Positive | +3.3% | Posted strong 3Q and 9M 2025 growth with guidance and buyback plan. |
| Oct 08 | Earnings date | Neutral | +0.5% | Announced timing and webcast for upcoming 3Q and 9M 2025 results. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive earnings releases have coincided with gains, while neutral scheduling or meeting notices have seen smaller or negative moves.
Over the last several months, Kaspi.kz has focused on financial reporting, dividends, and shareholder meetings. Earnings releases on Nov 10, 2025 and Mar 2, 2026 highlighted double-digit revenue and net income growth, with 24-hour share moves of +3.31% and +10.5%, respectively. In contrast, neutral items such as earnings date announcements and the Apr 15, 2026 AGM notice produced modest reactions between about -2.7% and +0.5%. Today’s Form 20-F filing fits the pattern of routine disclosure following prior earnings and 6-K filings.
Regulatory & Risk Context
Key Terms
form 20-f regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALMATY, Kazakhstan, March 16, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”, or the “Company”) (Nasdaq: KSPI) today announced that the Company has filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission (the “SEC”).
Kaspi.kz’s 2025 Annual Report on Form 20-F is available on the investor relations section of its website at https://ir.kaspi.kz/financial-information/ and on the SEC’s website at www.sec.gov.
About Kaspi.kz
Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants.
Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact between themselves.
The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.
In Türkiye Kaspi.kz owns an
Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.
Kaspi.kz has been listed on Nasdaq since January 2024.
For further information
David Ferguson, david.ferguson@kaspi.kz +44 7427 751 275
