Joint Stock Company Kaspi.kz (KASE:KSPI)

KASE:KSPI Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,299,329	1,121,967	772,783	448,674	266,210	151,543
Other Revenue	1,504,184	1,422,172	1,129,815	820,541	619,268	451,326
Revenue	2,803,513	2,544,139	1,902,598	1,269,215	885,478	602,869
Revenue Growth (YoY)	36.00%	33.72%	49.90%	43.34%	46.88%	17.31%
Cost of Revenue	471,387	332,033	192,558	103,895	73,371	60,311
Gross Profit	2,332,126	2,212,106	1,710,040	1,165,320	812,107	542,558
Selling, General & Admin	107,574	83,922	56,526	53,988	32,387	28,927
Research & Development	118,509	103,839	84,758	57,559	44,388	29,183
Other Operating Expenses	129,395	113,957	79,634	55,210	34,383	27,622
Operating Expenses	355,478	301,718	220,918	166,757	111,158	85,732
Operating Income	1,976,648	1,910,388	1,489,122	998,563	700,949	456,826
Interest Expense	-653,684	-616,116	-478,010	-278,676	-171,491	-139,002
Currency Exchange Gain (Loss)	-2,320	-11,983	10,892	1,377	-656	-
EBT Excluding Unusual Items	1,320,644	1,282,289	1,022,004	721,264	528,802	317,824
Other Unusual Items	-	-	-	-690	-	-
Pretax Income	1,320,644	1,282,289	1,022,004	720,574	528,802	317,824
Income Tax Expense	233,201	225,455	173,234	131,730	93,588	54,476
Earnings From Continuing Operations	1,087,443	1,056,834	848,770	588,844	435,214	263,348
Minority Interest in Earnings	-15,247	-17,095	-7,419	-3,818	-3,300	-2,384
Net Income	1,072,196	1,039,739	841,351	585,026	431,914	260,964
Net Income to Common	1,072,196	1,039,739	841,351	585,026	431,914	260,964
Net Income Growth	20.76%	23.58%	43.81%	35.45%	65.51%	34.66%
Shares Outstanding (Basic)	190	190	190	192	192	192
Shares Outstanding (Diluted)	191	191	192	194	194	194
Shares Change (YoY)	-0.20%	-0.33%	-0.99%	-0.18%	0.32%	2.63%
EPS (Basic)	5642.66	5477.15	4431.43	3051.38	2247.36	1360.57
EPS (Diluted)	5600.35	5431.00	4381.00	3016.00	2222.00	1347.00
EPS Growth	21.00%	23.97%	45.26%	35.73%	64.96%	31.20%
Free Cash Flow	522,685	486,166	1,055,871	961,516	45,450	599,540
Free Cash Flow Per Share	2730.06	2539.65	5497.54	4956.49	233.87	3094.94
Dividend Per Share	1700.000	2550.000	3200.000	1700.000	883.000	1403.000
Dividend Growth	-48.48%	-20.31%	88.23%	92.53%	-37.06%	88.07%
Gross Margin	83.19%	86.95%	89.88%	91.81%	91.71%	90.00%
Operating Margin	70.51%	75.09%	78.27%	78.68%	79.16%	75.78%
Profit Margin	38.25%	40.87%	44.22%	46.09%	48.78%	43.29%
Free Cash Flow Margin	18.64%	19.11%	55.50%	75.76%	5.13%	99.45%
EBITDA	2,013,134	1,939,202	1,515,440	1,015,357	713,627	466,414
EBITDA Margin	71.81%	76.22%	79.65%	80.00%	80.59%	77.37%
D&A For EBITDA	36,486	28,814	26,318	16,794	12,678	9,588
EBIT	1,976,648	1,910,388	1,489,122	998,563	700,949	456,826
EBIT Margin	70.51%	75.09%	78.27%	78.68%	79.16%	75.78%
Effective Tax Rate	17.66%	17.58%	16.95%	18.28%	17.70%	17.14%
Revenue as Reported	2,801,193	2,532,156	1,913,490	1,270,592	884,822	602,869

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.