Kaspi.kz JSC

KSPI

Market cap $16.1B

ALMATY, Kazakhstan , April 16, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Annual General Meeting on 15 April 2026:

ALMATY, Kazakhstan, April 13, 2026 (GLOBE NEWSWIRE) -- Kaspi.kz (KSPI US) will report its financial results for the quarter ending March 31st 2026, on Monday 11th May 2026. On that day, management will hold a conference call and webcast at 8.00am EST to review and discuss the company's results for the period.

I rate Kaspi.kz (KSPI) a strong buy, due to a big disconnect between share price and intrinsic value, positive Q4 guidance and massive long term market reach. KSPI's asset-light Super-App model delivers dominant market positioning and robust profitability across multiple geographies. Q4 2025 was highlighted by the announcement of a planned 850 KZT dividend, which translates to 9.8% dividend yield on a 15.2% payout ratio.

Joint Stock Company Kaspi.kz remains attractively valued at just over 6x trailing PE, with a sustainable and solid dividend reinstated. Despite higher taxes and regulatory headwinds, KSPI's growth and profitability remain resilient, supported by bottoming smartphone sales and value-added services raising takes. Hepsi is going to be EBITDA neutral, minimizing its drag on group earnings and enabling continued robust dividend payouts even after the $300M Rabobank Turkey acquisition.

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 remains undervalued at $73, with conservative fair value estimated at $92, despite revised growth assumptions for m-commerce. Dividend payments resumed earlier than expected, offering a 9.5% yield, and management signals sustainability while funding Hepsiburada expansion. KSPI's marketplace growth is now driven by e-commerce, not m-commerce, with e-commerce purchases up 83% YoY and m-commerce penetration expected to stay flat.

Kaspi.kz has declined 32% to $73, but the core business remains robust, with revenue compounding at 30%+ and gross margins above 70%. KSPI's Hepsiburada acquisition adds complexity and Turkish macro risk, yet the market's discount appears excessive given the long-term optionality. At current prices, KSPI offers a projected 9% 2026 dividend yield, with downside anchored by its dominant Kazakh fintech franchise.

ALMATY, Kazakhstan, March 04, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of JSC Kaspi.kz (Nasdaq: KSPI) hereby announces the Annual General Meeting of Shareholders of JSC Kaspi.kz will be held on 15 April 2026 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013.

Joint Stock Company Kaspi.kz (KSPI) Q4 2025 Earnings Call Transcript

ALMATY, Kazakhstan, March 02, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”) (Nasdaq:KSPI) today published its unaudited consolidated IFRS financial results for the quarter and fiscal year ended 31 December 2025 (“4Q & FY 2025” respectively).