---
title: "Kaspi.KZ JSC (KSPI.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/KSPI.US/norm.md"
symbol: "KSPI.US"
name: "Kaspi.KZ JSC"
parent: "https://longbridge.com/en/quote/KSPI.US.md"
datetime: "2026-03-05T05:42:05.664Z"
locales:
  - [en](https://longbridge.com/en/quote/KSPI.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/KSPI.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/KSPI.US/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/KSPI.US/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/KSPI.US/norm.md)


# Kaspi.KZ JSC (KSPI.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 2.89 | 2.66 | 2.58 | 2.62 | 3.10 |
| ROE | 48.77% | 52.89% | 56.19% | 62.49% | 87.32% |
| Revenue | 2.28B | 2.05B | 1.88B | 1.61B | 1.42B |
| Net income | 551.68M | 509.77M | 495.01M | 500.21M | 594.93M |
| Operating income | 1.23B | 1.11B | 1.06B | 952.43M | 1.07B |
| Gross margin | 68.36% | 68.71% | 70.60% | 74.27% | 86.64% |
| Net margin | 24.16% | 24.86% | 26.35% | 31.07% | 41.91% |
| Profit quality | - | -544.18% | 122.19% | -384.97% | 196.27% |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 18.88B | 19.33B | 18.45B | 15.98B |
| Leverage | - | 4.42 | 4.95 | 5.21 | 5.33 |
| BVPS | 23.72 | 21.73 | 19.71 | 17.78 | 15.23 |
| Turnover | - | 0.4069 | 0.3696 | 0.3460 | 0.3348 |
| Cash & STI | 1.04B | 956.72M | 2.11B | 1.37B | 1.18B |
| Inv & Rec | - | 259.56M | 214.45M | 219.79M | 30.89M |
| LT assets | - | 780.70M | 763.61M | 714.25M | 368.53M |
| Net debt | -217.82M | -199.52M | -1.04B | -177.53M | -919.11M |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | -203.30M | 864.98M | -247.40M | 546.19M |
| Investing CF | - | -747.80M | -23.38M | -229.04M | -56.22M |
| Financing CF | - | -109.59M | -95.39M | 647.04M | -322.05M |
| Free CF | - | -376.38M | 138.81M | -60.52M | -155.09M |
| OCF coverage | - | -122.03% | 447.59% | -464.68% | 150.63% |
| Repaid & issued | - | 0.0000 | 0.0000 | 647.04M | - |
| CapEx | - | -58.77M | -99.00M | -53.24M | -59.15M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
1.71377USD | 2024-11-20 | 2024-11-20 | 2024-11-26 |
| Cash Dividend: 
1.771745USD | 2024-08-22 | 2024-08-22 | 2024-08-28 |
| Cash Dividend: 
1.918641USD | 2024-05-24 | 2024-05-23 | 2024-05-31 |