Earnings ·
Kaspi.kz reported unaudited IFRS financial results for the second quarter and first half of 2026
KSPIJoint Stock Co Kaspi.kz
Kaspi.kz reported unaudited IFRS financial results for the second quarter and first half of 2026. Total revenue increased 15% year-over-year to KZT1.1 trillion ($2.3 billion), while adjusted EBITDA rose 5% to KZT397 billion ($826 million). Net income remained stable at KZT259 billion ($539 million). The Board proposed an 18% increase in the quarterly dividend to KZT1,000 per ADS, subject to shareholder approval. Key operational highlights included a 28% constant-currency growth in e-Commerce GMV and a 23% rise in Fintech revenue. Additionally, the company completed its acquisition of Rabobank A.S., rebranding it as Hepsi Bank in Turkey, and launched Kasper, an AI shopping assistant. Kaspi.kz operates a digital ecosystem providing payments, e-commerce, fintech, and other services to consumers and merchants in Kazakhstan and Turkey.