From GlobeNewswire: 2025-02-24 06:57:00

Kaspi.kz, the operator of Kaspi.kz and Kaspi Pay Super Apps, announced a 25% increase in net income for FY 2024, with revenue up 32%. Marketplace GMV growth accelerated in 4Q 2024. Payments and Marketplace Platforms accounted for 69% of consolidated net income. e-Commerce GMV was up 85% for FY 2024.

The acquisition of Hepsiburada closed in January 2025, expanding Kaspi.kz’s addressable market. The company expects around 20% YoY net income growth for 2025. CEO Mikheil Lomtadze highlighted the successful execution in 2024 and emphasized the potential of the Super App business model. Marketplace and e-Commerce are key growth engines.

Kaspi.kz remains optimistic for 2025 in both Kazakhstan and Türkiye, focusing on merchant expansion and innovative products. With strong performance in 2024, the company aims for continued growth and value creation for shareholders. The first quarter is on track, and Kaspi.kz anticipates another successful year ahead, excluding any impact from the Türkiye business.



Read more at GlobeNewswire:: Kaspi.kz 4Q and FY 2024 Financial Results