Kaspi Bank : 1Q 2026 Presentation

Published: 2026-05-11 07:02:08 ET KSPI

Published on 05/11/2026 at 07:02 am EDT

Kazakhstan Türkiye

1

1Q 2026

YoY Growth

Revenue Adjusted EBITDA Dividend per ADS

Dividend Payout Ratio Marketplace GMV

e-Commerce GMV TPV

TFV

Average Loan Portfolio

$2.3B

$768M KZT 850

64%

$4.5B

$2.6B

$24B

$5.4B

$15B

+31%

+9%

+19%(1)

+41%(1)

+14%

-2%

+23%

Source Company data

Notes 1. Constant currency growth and pro-forma growth. Please refer to glossary for definition

The exchange rates used by us for the presentation of certain financial, operating and other data denominated in tenge and included in this presentation are ₸478.77 per $1 and ₸10.76 per TRY 1 as of March 31, 2026

Take Rate(2)

# of purchases per consumers

10.4

15.0

e-Commerce GMV(3)

KZT

e-Commerce

73.4M

46.3M

# of purchases(1)

1.3T

$2.6B

14.9%

15.8%

867B

1Q'25 1Q'26 1Q'25 1Q'26

20%

80%

50%

50%

e-Commerce GMV breakdown

Source Company data Notes 1. Number of orders

Take rate is calculated based on GMV 3P only

GMV of the e-Commerce business of Marketplace in Kazakhstan and Türkiye ("3P" and "1P") including e-Grocery's GMV in Kazakhstan. e-Cars are now excluded from e-commerce GMV

Constant currency growth and pro-forma growth. Please refer to glossary for definition

Pro-forma growth. Please refer to glossary for definitions

e-Commerce revenue

KZT

VAS(1) revenue

KZT

86B

$179M

50B

394B

$824M

250B

1Q'25 1Q'26 1Q'25 1Q'26

Source Company data

Notes 1. VAS - Value Added Services, include advertising and delivery revenue

1

Disclaimer

Kaspi.kz AO published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 11:01 UTC.