Kaspi.kz JSC Sponsored ADR RegS ( (KSPI) ) has released its Q4 earnings. Here is a breakdown of the information Kaspi.kz JSC Sponsored ADR RegS presented to its investors.
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Kaspi.kz JSC Sponsored ADR RegS is a Kazakhstan-based company operating a Super App that integrates payments, marketplace, and fintech services, catering to both consumers and merchants. In its latest earnings report, Kaspi.kz announced a 25% increase in net income for the fiscal year 2024, aligning with its initial guidance. The company’s revenue grew by 32% year-over-year, driven by significant growth in its Marketplace and Payments platforms. The Marketplace platform, particularly its e-Commerce segment, showed robust performance with GMV up 44% for the year, while the Payments platform saw a 40% increase in transactions. Kaspi.kz also highlighted its strategic acquisition of a majority stake in Hepsiburada, a leading e-commerce platform in Türkiye, which is expected to expand its market reach. Looking ahead, Kaspi.kz anticipates continued profitable growth in 2025, projecting a 20% increase in net income, excluding the impact of its operations in Türkiye.