Joint Stock Company Kaspi.kz reports Q2 results reaffirms FY outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
0mins
Source: SeekingAlpha
Financial Performance: Joint Stock Company Kaspi.kz reported a 14% year-over-year increase in net income for Q2, with revenue reaching KZT 967.5 billion, reflecting a 61.5% growth compared to the previous year.
Future Outlook: The company anticipates around 15% consolidated net income growth for 2025, emphasizing strong cash generation in Kazakhstan and potential opportunities in Türkiye, while balancing shareholder returns with long-term investments.
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Analyst Views on KSPI
Wall Street analysts forecast KSPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KSPI is 107.00 USD with a low forecast of 107.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 78.780
Low
107.00
Averages
107.00
High
107.00
Current: 78.780
Low
107.00
Averages
107.00
High
107.00
About KSPI
Kaspi.kz AO (Joint Stock Company Kaspi.kz), formerly Aktsionernoe obshchestvo kaspi, is a Kazakhstan-based financial technology company, which provide a range of services such as online payments, e-commerce, and digital banking. The Company operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices, and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle, and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KSPI Stock Analysis: 52-Week Low at $70.61 and Current Trade at $83.25
- Price Fluctuation: KSPI's 52-week low stands at $70.61, with a high of $111.45, and the current trading price at $83.25 indicates stability within this range, which may influence investor confidence and market expectations.
- Technical Indicators: The current price of $83.25 is above the 200-day moving average, suggesting a potential upward trend in the short term, attracting the attention of technical analysts and possibly triggering more buy signals.
- Market Sentiment: Despite fluctuations within the 52-week range, the current price reflects a degree of market support, potentially indicating investor confidence in the company's fundamentals, which could impact future investment decisions.
- Investor Focus: As the stock price approaches its 52-week high, investors may closely monitor market dynamics to assess KSPI's future performance and potential investment opportunities.
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Kaspi.kz to Acquire Rabobank's Turkish Subsidiary, Expected Closure in Mid-2026
- Acquisition Agreement Signed: On March 27, 2025, Kaspi.kz signed a share purchase agreement with Rabobank Group to acquire its Turkish subsidiary, with the transaction expected to close in mid-2026, marking a strategic expansion into international markets.
- Regulatory Approvals Pending: The completion of this transaction is subject to obtaining necessary regulatory approvals and satisfying all customary closing conditions, which not only affects the timeline but may also impact market confidence in Kaspi.kz in the short term.
- Market Position Enhancement: By acquiring Rabobank A.Ş., Kaspi.kz will further solidify its market position in Turkey, enhancing its competitiveness in the e-commerce and fintech sectors, particularly in collaboration with Hepsiburada.
- Innovation-Driven Growth: Kaspi.kz is committed to driving innovation through its two-sided Super App model, and this acquisition is expected to provide additional resources to develop digital products that meet user needs, further boosting the company's profitability and market share growth.
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