Quarterly ResultAug 10, 2026, 07:02 AM
Kaspi.kz Q2 Revenue +15%, Proposes 18% Dividend Hike to KZT1,000
AI Summary
Kaspi.kz reported a 15% year-over-year revenue increase to KZT1.1 trillion ($2.3 billion) for Q2 2026, with adjusted EBITDA up 5% to KZT397 billion ($826 million). The company's Board proposed an 18% increase in the quarterly dividend to KZT1,000 per ADS. Strategic initiatives include the successful rollout of Kasper, an AI shopping assistant, and the rebranding and initial operations of Hepsi Bank in Türkiye following the Rabobank A.Ş. acquisition. Net income remained stable due to investments and higher funding costs.
Key Highlights
- Board proposed 18% quarterly dividend increase to KZT1,000 per ADS.
- Total revenue increased 15% YoY to KZT1.1 trillion ($2.3 billion).
- Adjusted EBITDA rose 5% YoY to KZT397 billion ($826 million).
- e-Commerce constant-currency GMV grew 28% YoY to KZT1.3 trillion ($2.6 billion).
- Fintech revenue increased 23% YoY to KZT455 billion ($946 million).
- Payments TPV increased 13% YoY to KZT12.7 trillion ($26.3 billion).
- Kasper AI assistant rolled out, used by 20% of available consumers.
- Acquisition of Rabobank A.Ş. completed, rebranded as Hepsi Bank in Türkiye.
Price Impact
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