Joint Stock Company Kaspi.kz (KSPI) Financials

$88.30 +2.40 (+2.80%)

As of 10:29 AM Eastern

Annual Income Statements for Joint Stock Company Kaspi.kz

This table shows Joint Stock Company Kaspi.kz's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,087	1,429	2,064	2,262
Consolidated Net Income / (Loss)	1,001	1,299	1,872	2,013
Net Income / (Loss) Continuing Operations	1,080	1,421	2,048	2,230
Total Pre-Tax Income	1,216	1,589	2,254	2,442
Total Operating Income	1,689	2,326	3,484	3,832
Total Gross Profit	1,884	2,564	3,806	4,160
Total Revenue	2,014	2,746	4,173	4,738
Operating Revenue	2,025	2,710	4,121	4,717
Other Revenue	-11	36	51	21
Total Cost of Revenue	131	183	367	579
Operating Cost of Revenue	131	183	367	579
Total Operating Expenses	195	238	321	327
Selling, General & Admin Expense	54	55	65	63
Research & Development Expense	102	134	196	209
Other Operating Expenses / (Income)	38	49	61	56
Total Other Income / (Expense), net	-394	-615	-1,054	-1,173
Interest Expense	394	615	1,054	1,173
Income Tax Expense	215	291	382	429
Net Income / (Loss) Attributable to Noncontrolling Interest	-7.59	-8.42	-16	-33
Weighted Average Basic Shares Outstanding	-	-	189.33M	190.02M
Diluted Earnings per Share	$5.11	$6.65	$9.66	$10.34
Weighted Average Diluted Shares Outstanding	-	-	189.33M	190.02M
Weighted Average Basic & Diluted Shares Outstanding	-	-	189.33M	190.02M

No quarterly income statements for Joint Stock Company Kaspi.kz are available.

This table details how cash moves in and out of Joint Stock Company Kaspi.kz's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	254	603	519	-926
Net Cash From Operating Activities	-470	1,983	826	-900
Net Cash From Continuing Operating Activities	-470	1,983	826	-900
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	-470	1,952	826	-900
Net Cash From Investing Activities	724	-47	-307	-25
Net Cash From Continuing Investing Activities	724	-47	-307	-25
Purchase of Investments	-2,408	-3,353	-5,780	-1,231
Sale and/or Maturity of Investments	3,132	2,409	5,473	1,206
Net Cash From Financing Activities	0.00	-609	0.00	0.00
Net Cash From Continuing Financing Activities	0.00	-604	0.00	0.00
Cash Interest Received	71	102	157	309

No quarterly cash flow statements for Joint Stock Company Kaspi.kz are available.

This table presents Joint Stock Company Kaspi.kz's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	11,298	15,048	15,953
Total Current Assets	0.00	0.00	0.00
Plant, Property, & Equipment, net	0.00	0.00	0.00
Total Noncurrent Assets	11,298	15,048	15,844
Noncurrent Note & Lease Receivables	6,959	9,344	10,944
Other Noncurrent Operating Assets	4,339	5,704	4,900
Total Liabilities & Shareholders' Equity	11,298	15,048	15,953
Total Liabilities	9,476	12,615	12,958
Total Current Liabilities	0.00	0.00	0.00
Total Noncurrent Liabilities	9,476	12,615	12,958
Long-Term Debt	149	138	119
Other Noncurrent Operating Liabilities	9,327	12,477	12,839
Total Equity & Noncontrolling Interests	1,821	2,434	2,995
Total Preferred & Common Equity	1,807	2,378	2,889
Total Common Equity	1,807	2,378	2,889
Other Equity Adjustments	1,807	2,378	2,889
Noncontrolling Interest	14	55	106

No quarterly balance sheets for Joint Stock Company Kaspi.kz are available.

This table displays calculated financial ratios and metrics derived from Joint Stock Company Kaspi.kz's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	36.34%	51.94%	13.56%
EBITDA Growth	0.00%	37.70%	49.81%	9.98%
EBIT Growth	0.00%	37.70%	49.81%	9.98%
NOPAT Growth	0.00%	36.73%	52.25%	9.15%
Net Income Growth	0.00%	29.81%	44.14%	7.50%
EPS Growth	0.00%	30.23%	45.26%	7.03%
Operating Cash Flow Growth	0.00%	522.18%	-58.35%	-209.02%
Free Cash Flow Firm Growth	0.00%	0.00%	3,389.31%	18.81%
Invested Capital Growth	0.00%	0.00%	30.48%	16.88%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	93.51%	93.35%	91.21%	87.79%
EBITDA Margin	83.86%	84.70%	83.51%	80.88%
Operating Margin	83.86%	84.70%	83.51%	80.88%
EBIT Margin	83.86%	84.70%	83.51%	80.88%
Profit (Net Income) Margin	49.68%	47.30%	44.87%	42.47%
Tax Burden Percent	82.30%	81.72%	83.05%	82.42%
Interest Burden Percent	71.98%	68.34%	64.70%	63.72%
Effective Tax Rate	17.70%	18.28%	16.95%	17.58%
Return on Invested Capital (ROIC)	0.00%	192.92%	127.44%	113.29%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-614.22%	-585.18%	-1,442.51%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-50.29%	-39.43%	-39.14%
Return on Equity (ROE)	0.00%	142.63%	88.01%	74.15%
Cash Return on Invested Capital (CROIC)	0.00%	-7.08%	100.99%	97.72%
Operating Return on Assets (OROA)	0.00%	20.59%	26.45%	24.72%
Return on Assets (ROA)	0.00%	11.50%	14.21%	12.98%
Return on Common Equity (ROCE)	0.00%	141.50%	86.56%	71.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,390	1,901	2,894	3,159
NOPAT Margin	69.01%	69.21%	69.35%	66.66%
Net Nonoperating Expense Percent (NNEP)	0.00%	807.15%	712.62%	1,555.80%
Return On Investment Capital (ROIC_SIMPLE)	-	96.46%	112.55%	101.42%
Cost of Revenue to Revenue	6.49%	6.65%	8.79%	12.21%
SG&A Expenses to Revenue	2.70%	1.99%	1.56%	1.32%
R&D to Revenue	5.07%	4.88%	4.69%	4.40%
Operating Expenses to Revenue	9.66%	8.66%	7.70%	6.91%
Earnings before Interest and Taxes (EBIT)	1,689	2,326	3,484	3,832
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,689	2,326	3,484	3,832
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.38	6.91	6.23
Price to Tangible Book Value (P/TBV)	0.00	0.38	6.91	6.23
Price to Revenue (P/Rev)	0.73	0.25	3.94	3.80
Price to Earnings (P/E)	1.36	0.48	7.97	7.96
Dividend Yield	0.00%	0.00%	0.00%	7.71%
Earnings Yield	73.48%	208.31%	12.55%	12.57%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.43	6.47	6.06
Enterprise Value to Revenue (EV/Rev)	0.00	0.31	3.99	3.85
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.37	4.77	4.75
Enterprise Value to EBIT (EV/EBIT)	0.00	0.37	4.77	4.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.45	5.75	5.77
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.43	20.14	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.25	6.69
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.08	0.06	0.04
Long-Term Debt to Equity	0.00	0.08	0.06	0.04
Financial Leverage	0.00	0.08	0.07	0.03
Leverage Ratio	0.00	6.20	6.19	5.71
Compound Leverage Factor	0.00	4.24	4.01	3.64
Debt to Total Capital	0.00%	7.57%	5.35%	3.82%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	7.57%	5.35%	3.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.73%	2.15%	3.40%
Common Equity to Total Capital	0.00%	91.70%	92.50%	92.78%
Debt to EBITDA	0.00	0.06	0.04	0.03
Net Debt to EBITDA	0.00	0.06	0.04	0.03
Long-Term Debt to EBITDA	0.00	0.06	0.04	0.03
Debt to NOPAT	0.00	0.08	0.05	0.04
Net Debt to NOPAT	0.00	0.08	0.05	0.04
Long-Term Debt to NOPAT	0.00	0.08	0.05	0.04
Altman Z-Score	0.00	0.97	1.82	1.92
Noncontrolling Interest Sharing Ratio	0.00%	0.79%	1.64%	2.97%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.00
Quick Ratio	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-70	2,293	2,725
Operating Cash Flow to CapEx	0.00%	1,525.46%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-0.11	2.17	2.32
Operating Cash Flow to Interest Expense	-1.19	3.23	0.78	-0.77
Operating Cash Flow Less CapEx to Interest Expense	-1.19	3.01	0.78	-0.77
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.24	0.32	0.31
Accounts Receivable Turnover	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	1,970	2,571	3,005
Invested Capital Turnover	0.00	2.79	1.84	1.70
Increase / (Decrease) in Invested Capital	0.00	1,970	601	434
Enterprise Value (EV)	0.00	850	16,636	18,221
Market Capitalization	1,480	686	16,443	17,996
Book Value per Share	$0.00	$159.91	$12.56	$15.26
Tangible Book Value per Share	$0.00	$159.91	$12.56	$15.26
Total Capital	0.00	1,970	2,571	3,114
Total Debt	0.00	149	138	119
Total Long-Term Debt	0.00	149	138	119
Net Debt	0.00	149	138	119
Capital Expenditures (CapEx)	0.00	130	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	0.00
Net Working Capital (NWC)	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	390	602	1,022	1,146
Net Nonoperating Obligations (NNO)	0.00	149	138	9.73
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	189.33M	190.02M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$9.66	$10.34
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	189.33M	190.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	189.33M	190.02M
Normalized Net Operating Profit after Tax (NOPAT)	1,390	1,901	2,894	3,159
Normalized NOPAT Margin	69.01%	69.21%	69.35%	66.66%
Pre Tax Income Margin	60.36%	57.88%	54.03%	51.54%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	4.28	3.78	3.30	3.27
NOPAT to Interest Expense	3.53	3.09	2.74	2.69
EBIT Less CapEx to Interest Expense	4.28	3.57	3.30	3.27
NOPAT Less CapEx to Interest Expense	3.53	2.88	2.74	2.69
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	35.68%	0.00%	0.00%
Augmented Payout Ratio	0.00%	46.49%	0.00%	0.00%

No quarterly metrics and ratios for Joint Stock Company Kaspi.kz are available.

Financials Breakdown Chart

Joint Stock Company Kaspi.kz Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Joint Stock Company Kaspi.kz's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Joint Stock Company Kaspi.kz's net income appears to be on an upward trend, with a most recent value of $2.01 billion in 2024, rising from $1.00 billion in 2021. The previous period was $1.87 billion in 2023. View Joint Stock Company Kaspi.kz's forecast to see where analysts expect Joint Stock Company Kaspi.kz to go next.

Joint Stock Company Kaspi.kz's total operating income in 2024 was $3.83 billion, based on the following breakdown:

Total Gross Profit: $4.16 billion
Total Operating Expenses: $327.46 million

Over the last 3 years, Joint Stock Company Kaspi.kz's total revenue changed from $2.01 billion in 2021 to $4.74 billion in 2024, a change of 135.2%.

Joint Stock Company Kaspi.kz's total liabilities were at $12.96 billion at the end of 2024, a 2.7% increase from 2023, and a 36.7% increase since 2022.

Over the last 3 years, Joint Stock Company Kaspi.kz's book value per share changed from 0.00 in 2021 to 15.26 in 2024, a change of 1,526.1%.

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Financial statements for NASDAQ:KSPI last updated on 11/13/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Joint Stock Company Kaspi.kz (KSPI) Financials

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Joint Stock Company Kaspi.kz Financials - Frequently Asked Questions

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Joint Stock Company Kaspi.kz (KSPI) Financials

Annual Income Statements for Joint Stock Company Kaspi.kz

Quarterly Income Statements for Joint Stock Company Kaspi.kz

Annual Cash Flow Statements for Joint Stock Company Kaspi.kz

Quarterly Cash Flow Statements for Joint Stock Company Kaspi.kz

Annual Balance Sheets for Joint Stock Company Kaspi.kz

Quarterly Balance Sheets for Joint Stock Company Kaspi.kz

Annual Metrics And Ratios for Joint Stock Company Kaspi.kz

Quarterly Metrics And Ratios for Joint Stock Company Kaspi.kz

Financials Breakdown Chart

Joint Stock Company Kaspi.kz Financials - Frequently Asked Questions

When does Joint Stock Company Kaspi.kz's fiscal year end?

How has Joint Stock Company Kaspi.kz's net income changed over the last 3 years?

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

How has Joint Stock Company Kaspi.kz's revenue changed over the last 3 years?

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

How has Joint Stock Company Kaspi.kz's book value per share changed over the last 3 years?

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