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Kaspi.kz reports Q3 2025 revenue up 20% year-over-year

3Q 2025 revenue up 20% year-over-year and net income up 12% YoY. The supply of smartphones remains subject to temporary disruption in Kazakhstan. Excluding smartphones GMV from Marketplace and regulatory & tax changes, as well as the higher 2025 base rate 2025, underlying revenue and net income increased 23% and 21% respectively. This and all references below exclude Turkiye unless otherwise stated.

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