Kaspi.kz JSC

NAS:KSPITechnologyNASDAQ:BANKnasdaq_composite

$92.62−0.60%At closeAt close · Tue 20 Oct · ≈ AED 340.15 · Market cap $41.08B · Next earnings Mon 26 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	69.2%	91.7%	91.8%	64.5%	62.3%	73.5%	—	—
Operating margin	49.1%	83.0%	82.8%	52.8%	50.4%	32.9%	32.9%	+0.0 pts
Net margin	40.3%	48.8%	46.1%	44.5%	41.2%	26.4%	26.4%	+0.0 pts
EBITDA margin	50.3%	80.6%	80.0%	54.1%	50.9%	55.4%	—	—
Return on equity	66.7%	86.4%	71.4%	78.0%	68.5%	41.7%	39.9%	−1.8 pts
Return on assets	9.3%	12.0%	11.4%	12.3%	12.4%	9.4%	9.4%	+0.0 pts
Return on capital employed	55.4%	97.8%	121.7%	89.0%	75.8%	42.0%	—	—
Debt / equity	0.6×	0.6×	0.3×	0.2×	0.1×	0.2×	0.2×	−4.2%
Debt / assets	8.3%	8.6%	5.2%	3.3%	2.6%	4.2%	—	—
Interest coverage	0.0×	0.0×	0.0×	0.0×	0.0×	1.5×	—	—
Current ratio	1.2×	1.2×	0.9×	0.9×	1.2×	1.2×	1.2×	+0.0%
Quick ratio	1.2×	1.2×	0.9×	0.9×	1.2×	1.2×	—	—
Cash ratio	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	+0.0%
Asset turnover	0.2×	0.2×	0.2×	0.3×	0.3×	0.4×	—	—
Inventory turnover	—	—	45.7×	46.8×	58.7×	8.4×	—	—
Receivables turnover	0.4×	0.4×	0.6×	0.7×	0.4×	0.5×	—	—
Dividend payout	67.2%	78.8%	35.9%	66.6%	62.1%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.