Joint Stock Company Kaspi.kz (KSPI) Balance Sheet: Assets & Liabilities

Joint Stock Company Kaspi.kz (KSPI) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Joint Stock Company Kaspi.kz reported total assets of KZT 11.08T and total liabilities of KZT 8.48T. Shareholders' equity was KZT 2.49T, up 64.2% from KZT 1.52T a year earlier. Total debt stood at KZT 470.58B against KZT 2.06T in cash and short-term investments, a net cash position of KZT 1.59T. That puts debt-to-equity at 0.19, compared with 0.15 a year earlier.

Joint Stock Company Kaspi.kz Balance Sheet Analysis

Values in trillions KZT

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Joint Stock Company Kaspi.kz (KSPI) - 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
Current Assets
Cash and Cash Equivalents	0.90	0.62	0.82	0.62	0.34	0.33	0.24
Short-Term Investments	1.16	1.49	1.38	1.10	0.61	0.87	0.47
Cash & Short-Term Investments	2.06	2.11	0.82	1.72	0.34	1.20	0.71
Accounts Receivable	7.30	5.78	4.28	2.07	2.49	1.45	1.34
Inventory	0.12	0.02	0.01	0.00	0.00	0.00	0.00
Other Current Assets	0.36	0.11	0.87	0.06	0.37	0.04	0.03
Total Current Assets	9.84	8.02	5.19	3.85	2.88	2.69	2.08
Non-Current Assets
Property, Plant & Equipment (Net)	0.31	0.19	0.17	0.12	0.09	0.06	0.05
Long-Term Investments	0.06	0.03	1.38	0.03	0.61	0.01	0.00
Goodwill	0.45	0.02	0.03	0.00	0.00	0.00	0.00
Intangible Assets	0.40	0.08	0.03	0.02	0.01	0.01	0.01
Other Non-Current Assets	0.02	0.00	4.40	1.10	2.54	0.04	0.04
Total Non-Current Assets	1.24	0.35	1.79	1.27	0.13	0.12	0.10
Total Assets	11.08	8.38	6.82	5.12	3.61	2.81	2.19
Current Liabilities
Accounts Payable	7.80	6.52	5.39	3.96	2.74	2.13	1.61
Short-Term Debt	0.10	0.15	0.22	0.25	0.09	0.08	0.01
Current Portion of Long-Term Debt	-	0.11	-	-	-	0.01	-
Accrued Liabilities	0.01	0.00	0.02	0.01	0.01	0.01	-
Deferred Revenue	0.06	0.01	0.01	0.01	0.00	0.00	0.00
Other Current Liabilities	0.04	0.00	1.08	0.04	0.65	0.02	0.02
Total Current Liabilities	7.99	6.70	1.10	4.26	0.75	2.23	1.65
Non-Current Liabilities
Long-Term Debt	0.37	0.08	0.16	0.02	0.28	0.15	0.22
Deferred Tax Liabilities	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.04	0.02	5.56	0.01	2.82	0.02	0.02
Total Non-Current Liabilities	0.49	0.10	5.72	0.04	3.10	0.18	0.25
Total Liabilities	8.48	6.80	5.72	4.30	3.10	2.41	1.89
Stockholders' Equity
Common Stock	0.13	0.13	0.13	0.13	0.13	0.10	0.10
Retained Earnings	2.54	1.47	1.05	0.76	0.38	0.28	0.20
Accumulated Other Comprehensive Income	-0.01	0.04	0.04	0.02	0.02	0.01	0.00
Treasury Stock	0.17	0.15	0.15	0.09	0.03	-	-
Additional Paid-in Capital	-0.17	0.00	0.00	-0.09	-0.01	0.01	0.00
Minority Interest	0.11	0.06	0.03	0.01	0.00	0.00	0.00
Shares Outstanding	0.00	0.00	0.00	0.00	0.00	-	-
Total Stockholders' Equity	2.49	1.52	1.10	0.82	0.50	0.39	0.29
Total Liabilities & Equity	11.07	8.38	6.82	5.12	3.61	2.81	2.19

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 Balance Sheet

How much debt does Joint Stock Company Kaspi.kz have?

Joint Stock Company Kaspi.kz had total debt of KZT 470.58B as of Dec 31, 2025, against KZT 2.06T in cash and short-term investments. Its debt-to-equity ratio was 0.19. Total debt was KZT 221.46B a year earlier.

What are Joint Stock Company Kaspi.kz's total assets?

Joint Stock Company Kaspi.kz reported total assets of KZT 11.08T as of Dec 31, 2025, up 32.3% from KZT 8.38T a year earlier. Total liabilities were KZT 8.48T.

What is Joint Stock Company Kaspi.kz's shareholders' equity?

Joint Stock Company Kaspi.kz's shareholders' equity was KZT 2.49T as of Dec 31, 2025, or about KZT 13099.25 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition