Kaspi.kz reports Q4 revenue up 28% year-over-year

CEO Mikheil Lomtadze stated, “In the final quarter of 2024, all our platforms had a strong end to the year. Kaspi.kz’s (KSPI) full-year bottom-line growth of 25% year-over-year is in line with our guidance. Once again, the strength and predictability of our Super App business model has shown itself and we start 2025 on the front foot…In 2024, product innovation continued at pace, with a strong focus on the merchant side of our business. Kaspi POS Register is now used by 35% of our merchants, enhancing the value of Kaspi Pay. We also launched Brand Advertising, a dedicated Business Deposit and Buy-Inventory-Now-Pay-Later service. All these products give merchants more reasons to be with us. We will keep working hard to ensure we remain front and centre of our merchant’s needs and continue delivering added value beyond payments. The first quarter of the year is on track and we’re excited about the year ahead in both Kazakhstan and Turkiye. With our expectation of net income growth of around 20% year-over-year, 2025 has the potential to be another strong year for Kaspi.kz. This guidance excludes any impact from our business in Turkiye…”