Joint Stock Company Kaspi.kz (KSPI) Income Statement

Joint Stock Company Kaspi.kz reported revenue of KZT 4.04T in fiscal 2025 (fiscal year ended Dec 31, 2025), up 58.9% from KZT 2.54T a year earlier. Net income was KZT 1.07T, up 3.2% year over year, a net margin of 26.5%. Gross margin was 70.1% and operating margin 55.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was KZT 1.11T, up 14.5% from the same quarter a year earlier.

Joint Stock Company Kaspi.kz Income Statement Analysis

Values in trillions KZT

Income Statement Balance Sheet Cash Flow Ratios

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Joint Stock Company Kaspi.kz income statement - Annual data in trillions KZT
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	4.04	2.54	1.89	1.27	0.89	0.60	0.52
Cost of Revenue	1.21	0.33	0.67	0.10	0.07	0.06	0.17
Gross Profit	2.84	2.20	1.22	1.17	0.81	0.54	0.35
Operating Expenses
Research & Development	0.20	0.10	0.09	0.06	0.04	0.03	0.02
Selling, General & Administrative	0.24	0.08	0.05	0.05	0.03	0.03	0.04
Operating Expenses	0.59	0.30	0.22	0.11	0.11	0.09	0.11
Operating Income	2.24	1.90	1.00	1.05	0.70	0.46	0.24
Other Income/Expense
Interest Income	1.54	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.88	-0.62	0.00	0.00	-0.17	-0.14	0.00
Other Income/Expense	-0.89	-0.60	0.02	-0.33	-0.18	0.00	0.00
Income
Income Before Tax	1.33	1.28	1.02	0.72	0.53	0.32	0.24
Income Tax Expense	0.26	0.23	0.17	0.13	0.09	0.05	0.04
Net Income	1.07	1.04	0.84	0.59	0.43	0.26	0.19
Net Income - Continuous Operations	1.07	1.06	0.84	0.59	0.43	0.26	0.19
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	2.32	1.94	1.02	1.02	0.71	0.47	0.25
EBIT	2.24	1.91	1.49	0.70	0.70	0.46	-
Depreciation & Amortization	0.00	0.03	0.00	0.02	0.01	0.01	0.00
Earnings Per Share
Basic EPS	5631.00	5477.00	4431.00	3051.00	2247.00	1361.00	1010.00
Diluted EPS	5592.00	5431.00	4381.00	3016.00	2222.00	1347.00	1000.00
Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Joint Stock Company Kaspi.kz Financial Statements

What was Joint Stock Company Kaspi.kz's revenue in fiscal 2025?

Joint Stock Company Kaspi.kz reported revenue of KZT 4.04T in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 58.9% from KZT 2.54T a year earlier.

Is Joint Stock Company Kaspi.kz profitable?

Yes. Joint Stock Company Kaspi.kz earned net income of KZT 1.07T in fiscal 2025, a net margin of 26.5%. In fiscal 2024 it earned KZT 1.04T.

What is Joint Stock Company Kaspi.kz's operating margin?

Joint Stock Company Kaspi.kz's operating income was KZT 2.24T on revenue of KZT 4.04T in fiscal 2025, an operating margin of 55.4%, compared with 74.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition