Kaspi.kz Reports Strong Q1 2025 Results Amid Expansion Efforts

An update from Kaspi.kz JSC Sponsored ADR RegS ( (KSPI) ) is now available.

Kaspi.kz reported a strong financial performance for the first quarter of 2025, with a 21% year-over-year increase in revenue and a 16% rise in net income. The company continues to expand its operations, notably with the acquisition of a controlling stake in Hepsiburada and the issuance of a $650 million Eurobond to support its growth in Türkiye. Despite challenges such as higher interest rates and new regulatory requirements affecting smartphone sales in Kazakhstan, Kaspi.kz remains optimistic about its growth prospects, aiming for a 15% net income growth for the year, excluding Türkiye.

The most recent analyst rating on (KSPI) stock is a Buy with a $183.0000 price target. To see the full list of analyst forecasts on Kaspi.kz JSC Sponsored ADR RegS stock, see the KSPI Stock Forecast page.

Spark’s Take on KSPI Stock

According to Spark, TipRanks’ AI Analyst, KSPI is a Outperform.

Kaspi.kz demonstrates strong financial performance with significant growth in revenue and profitability, supported by a healthy balance sheet. The earnings call highlights robust expansion and strategic acquisitions. However, the technical indicators suggest a bearish short-term trend, and macroeconomic challenges pose potential risks. The stock’s valuation is attractive, with a low P/E ratio and high dividend yield. Overall, while the fundamental outlook is positive, caution is advised due to external economic factors.

To see Spark’s full report on KSPI stock, click here.

More about Kaspi.kz JSC Sponsored ADR RegS

Kaspi.kz JSC is a leading financial technology company operating in Kazakhstan, known for its Kaspi.kz and Kaspi Pay Super Apps. It focuses on digital payments, e-commerce, and fintech services, and holds a significant stake in Hepsiburada, a major e-commerce platform in Türkiye.

Average Trading Volume: 341,283

Technical Sentiment Signal: Sell

Current Market Cap: $17.94B

See more data about KSPI stock on TipRanks’ Stock Analysis page.