Joint Stock Co Kaspi.kz (KSPI) Form 6-K — Aug 12, 2026
Kaspi.kz furnished unaudited interim consolidated financials for the six months ended 30 June 2026 on Form 6-K, reporting revenue of KZT 2,192,782 million, up roughly 22% from KZT 1,789,352 million a year earlier, driven by higher interest revenue and the consolidation of the Hepsiburada marketplace in Türkiye. Net income was essentially flat at KZT 510,796 million versus KZT 512,678 million in H1 2025, with basic EPS of KZT 2,665, as provision expenses jumped about 30% to KZT 106,928 million and interest expenses climbed alongside a growing loan book.
Key figures
- Eps
- KZT 2,665 basic / KZT 2,654 diluted (H1 2026)
- Revenue
- KZT 2,192,782 million (H1 2026) vs KZT 1,789,352 million (H1 2025)
- Net Income
- KZT 510,796 million (H1 2026) vs KZT 512,678 million (H1 2025)
- Total Debt
- KZT 605,368 million debt securities issued (30 June 2026)
- Revenue Yoy
- +22.5% (derived from stated H1 2025 and H1 2026 figures)
- Total Assets
- KZT 12,057,493 million (30 June 2026)
- Cash Position
- KZT 998,610 million (30 June 2026)
- Shares Outstanding
- 190027266
- Gross NPLs
- KZT 547,942 million (30 June 2026) vs KZT 466,845 million (31 December 2025)
- Adjusted Ebitda
- KZT 765,101 million (H1 2026) vs KZT 715,421 million (H1 2025)
- Turkiye Revenue
- KZT 551,752 million (H1 2026) vs KZT 396,729 million (H1 2025)
- Customer Accounts
- KZT 8,132,007 million (30 June 2026)
- Hepsiburada Stake
- 86.74% (USD 1,127 million for 65.41%, plus USD 179 million for additional 21.33%)
- Loans To Customers
- KZT 7,439,812 million (30 June 2026)
- Proposed Dividend
- KZT 1,000 per share (proposed by Board on 6 August 2026, subject to shareholder approval)
- Provision Expenses
- KZT 106,928 million (H1 2026) vs KZT 82,428 million (H1 2025)
- Share Buyback H1 2026
- KZT 28,368 million (treasury purchases)
- Npl Allowance Coverage
- 76% vs 80% at year-end 2025
- Segment Revenue H1 2026
- Payments KZT 327,174 million; Marketplace KZT 1,028,033 million; Fintech KZT 884,468 million
- Dividends Declared H1 2026
- KZT 323,201 million (KZT 850 per share in April 2026 and June 2026)
AI analysis
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