Core Insights - Kaspi.kz reported a 21% year-over-year increase in revenue and a 16% increase in net income for Q1 2025, excluding Türkiye [3] - Monthly transactions per active consumer reached 75, indicating strong customer engagement [3] - The company experienced a 23% increase in total payment volume (TPV) and a 17% increase in transactions within its Payments segment [3] Financial Performance - Payments revenue grew by 16% year-over-year, while net income in this segment increased by 21% [3] - Marketplace platform revenue grew by 33% year-over-year, significantly outpacing the 20% growth in gross merchandise volume (GMV) [3] - e-Grocery within the Marketplace saw a remarkable GMV increase of 64% year-over-year [3] Fintech and Credit Quality - The Fintech platform's total financing volume (TFV) grew by 17% year-over-year, with revenue growth of 18% attributed to healthy origination levels [3] - Macro-provisioning increased to 0.6% of cost of risk in Q1 2025, up from 0.5% in the same period in 2024, but underlying customer credit quality trends remain healthy [3] Strategic Developments - The acquisition of 65.41% of Hepsiburada was completed in January 2025, with an initial cash payment of $600 million and an additional $526.9 million due within six months [3] - A $650 million Eurobond was successfully placed to support expansion plans in Türkiye [3] - The company is in the process of acquiring Rabobank A.Ş. to launch deposit products and fund other financial services, pending regulatory approval [3] Market Conditions and Outlook - New smartphone registration requirements in Kazakhstan temporarily reduced demand, resulting in a 7% lower e-commerce GMV growth in Q1 [3] - The company expects around 15% consolidated net income growth year-over-year in 2025, a more conservative outlook compared to the previous guidance of 20% [3]

Group 1 - Kaspi.kz will report its financial results for the quarter ending March 31, 2025, on May 12, 2025, with a conference call scheduled for 8.00am EST [1] - The company operates a unique two-sided Super App model, which includes Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants [3][5] - Kaspi.kz provides leading Payments, Marketplace, and Fintech Platforms through its Super Apps, designed to meet users' everyday needs [4] Group 2 - The company has a large, engaged consumer and merchant base, which contributes to strong top-line growth and a profitable business model [5] - Kaspi.kz has been listed on Nasdaq since January 2024, indicating its growth and expansion in the financial markets [5]

[Form 6-K Filing Overview](index=1&type=section&id=Form%206-K%20Filing%20Overview) This section details the Form 6-K filing, including 2025 AGM results and incorporation by reference [Filing Purpose and Key Event](index=2&type=section&id=Filing%20Purpose%20and%20Key%20Event) This chapter details the purpose of the Form 6-K filing, announcing the 2025 Annual General Meeting results held on March 28, 2025 - The company published the results of its **2025 annual general meeting of shareholders** held on March 28, 2025[5](index=5&type=chunk) - The AGM results are furnished as **Exhibit 99.1**, titled 'Announcement of AGM Results'[5](index=5&type=chunk)[11](index=11&type=chunk) [Incorporation by Reference](index=2&type=section&id=Incorporation%20by%20Reference) This Form 6-K report is incorporated by reference into the company's existing Form S-8 registration statement - The report is incorporated by reference into the Company's registration statement on **Form S-8 (File No. 333-276609)**[5](index=5&type=chunk)

Core Points - Joint Stock Company Kaspi.kz held its Annual General Meeting on March 28, 2025, where several key resolutions were passed [1] - The 2024 annual audited financial statements of JSC Kaspi.kz were approved [1] - The procedure for distributing the net income for the year 2024 and the amount of dividend per common share was approved, but it was decided not to pay dividends on common shares for 2024 due to previously paid quarterly dividends [1] - Shareholders' appeals regarding JSC Kaspi.kz and its officers' actions were noted, along with the results of their consideration in 2024 [1] - Deloitte LLP was reappointed as the external auditor for the financial statements of JSC Kaspi.kz for 2025 [1]

Table of Contents As filed with the United States Securities and Exchange Commission on January 16, 2024 Registration No. 333-276293 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Joint Stock Company Kaspi.kz (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) (State or Other Jurisdiction of Incorporation or Organization) Kazakhstan 73 ...

Table of Contents As filed with the United States Securities and Exchange Commission on December 28, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) Kazakhstan 7389 N/A (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 154A Nauryzbai Batyr Street Almaty, 050013, Kazakhstan Telephone: +7 72 ...