Joint Stock Company Kaspi.kz (KSPI)

KSPI Income Statement

Financials in millions KZT. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,076,074	772,783	448,674	266,210	151,543	94,155
Other Revenue	1,285,632	1,129,815	820,541	619,268	451,326	419,759
Revenue	2,361,706	1,902,598	1,269,215	885,478	602,869	513,914
Revenue Growth (YoY)	37.12%	49.90%	43.34%	46.88%	17.31%	36.92%
Cost of Revenue	299,228	193,826	104,935	73,371	60,311	55,681
Gross Profit	2,062,478	1,708,772	1,164,280	812,107	542,558	458,233
Selling, General & Admin	72,879	51,359	50,390	32,387	28,927	43,192
Research & Development	108,790	88,657	60,117	44,388	29,183	18,891
Other Operating Expenses	106,763	79,634	55,210	34,383	27,622	38,505
Operating Expenses	288,432	219,650	165,717	111,158	85,732	100,588
Operating Income	1,774,046	1,489,122	998,563	700,949	456,826	357,645
Interest Expense	-585,100	-478,010	-278,676	-171,491	-139,002	-118,505
Currency Exchange Gain (Loss)	10,892	10,892	1,377	-656	-	-
EBT Excluding Unusual Items	1,199,838	1,022,004	721,264	528,802	317,824	239,140
Other Unusual Items	-	-	-690	-	-	-
Pretax Income	1,199,838	1,022,004	720,574	528,802	317,824	239,140
Income Tax Expense	211,412	173,234	131,730	93,588	54,476	42,017
Earnings From Continuing Operations	988,426	848,770	588,844	435,214	263,348	197,123
Minority Interest in Earnings	-7,419	-7,419	-3,818	-3,300	-2,384	-3,333
Net Income	981,007	841,351	585,026	431,914	260,964	193,790
Net Income to Common	981,007	841,351	585,026	431,914	260,964	193,790
Net Income Growth	25.09%	43.81%	35.45%	65.51%	34.66%	83.62%
Shares Outstanding (Basic)	190	190	192	192	192	189
Shares Outstanding (Diluted)	190	192	194	194	194	189
Shares Change (YoY)	-1.26%	-0.99%	-0.18%	0.32%	2.63%	20.89%
EPS (Basic)	5162.77	4431.43	3051.38	2247.36	1360.57	1026.71
EPS (Diluted)	5162.77	4381.00	3016.00	2222.00	1347.00	1026.71
EPS Growth	26.67%	45.26%	35.73%	64.96%	31.20%	51.89%
Free Cash Flow	-	1,055,871	961,516	45,450	599,540	279,415
Free Cash Flow Per Share	-	5497.54	4956.49	233.87	3094.94	1480.35
Dividend Per Share	3400.000	3200.000	1700.000	883.000	1403.000	746.000
Dividend Growth	15.25%	88.24%	92.53%	-37.06%	88.07%	338.82%
Gross Margin	87.33%	89.81%	91.73%	91.71%	90.00%	89.17%
Operating Margin	75.12%	78.27%	78.68%	79.16%	75.78%	69.59%
Profit Margin	41.54%	44.22%	46.09%	48.78%	43.29%	37.71%
Free Cash Flow Margin	-	55.50%	75.76%	5.13%	99.45%	54.37%
EBITDA	1,809,275	1,515,440	1,016,008	713,627	466,414	365,134
EBITDA Margin	76.61%	79.65%	80.05%	80.59%	77.37%	71.05%
D&A For EBITDA	35,229	26,318	17,445	12,678	9,588	7,489
EBIT	1,774,046	1,489,122	998,563	700,949	456,826	357,645
EBIT Margin	75.12%	78.27%	78.68%	79.16%	75.78%	69.59%
Effective Tax Rate	17.62%	16.95%	18.28%	17.70%	17.14%	17.57%
Revenue as Reported	2,372,598	1,913,490	1,270,592	884,822	602,869	513,914

Source: S&P Capital IQ. Standard template. Financial Sources.