Payments: Total payment volume (TPV) grew 14% year over year in the fourth quarter and 19% for full-year 2025, in line with prior guidance of around 20%. Transaction volumes rose 12% in Q4 and 14% for the year. Ferguson said take rate dilution continued as lower take-rate products such as Kaspi Pay and Kaspi B2B grew in mix, resulting in revenue growth of 7% in Q4 and 12% for the year. Net income grew 4% in Q4 and 13% for full-year 2025, with Q4 impacted in part by costs tied to the Alaqan launch and scalin ...

Kaspi.kz (NasdaqGS:KSPI) Q4 2025 Earnings call March 02, 2026 08:00 AM ET Company ParticipantsDavid Ferguson - Head of Investor RelationsLuke Holbrook - VP of Internet Equity ResearchMikhail Lomtadze - Chairman and CEOConference Call ParticipantsGabor Kemeny - Senior Equity Research AnalystJames Friedman - Senior Equity Research AnalystDavid FergusonGood morning, good afternoon to everyone on the call. Welcome to Kaspi's fourth quarter and full year 2025 financial results. I'm David Ferguson from Kaspi. As ...

Kaspi.kz (NasdaqGS:KSPI) Q4 2025 Earnings call March 02, 2026 08:00 AM ET Company ParticipantsDavid Ferguson - Head of Investor RelationsLuke Holbrook - VP of Internet Equity ResearchMikhail Lomtadze - Chairman and CEOConference Call ParticipantsGabor Kemeny - Senior Equity Research AnalystJames Friedman - Senior Equity Research AnalystDavid FergusonGood morning, good afternoon to everyone on the call. Welcome to Kaspi's fourth quarter and full year 2025 financial results. I'm David Ferguson from Kaspi. As ...

Kaspi.kz (NasdaqGS:KSPI) Q4 2025 Earnings call March 02, 2026 08:00 AM ET Speaker0Presentation. Please go ahead. All right, thank you, Harry. Good morning, good afternoon to everyone on the call. Welcome to Kaspi's fourth quarter and full year 2025 financial results. I'm David Ferguson from Kaspi. As usual, I'm joined by Mikhail Lomtadze, CEO and co-founder of Kaspi, Tengiz Mosidze, and Yuriy Didenko, the deputy CEOs of the company. We'll take you through the strategic highlights and financial results for t ...

4Q & FY 2025 Results 2 March, 2026 1 Disclaimer-Forward-Looking Statements, Key Financial and Operating Metrics and Non-IFRS Measures Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws, which statements relate to our current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as "believe," "may," "might," "will," "expec ...