# Joint Stock Co Kaspi.kz: Form 20-F for the period ended Dec 31, 2025

- Company: [Joint Stock Co Kaspi.kz](/companies/kspi.md) (CIK 1985487)
- Form: 20-F
- Filed: 2026-03-16
- Accepted by EDGAR: Mar 16, 2026, 11:57 ET
- Period: 2025-12-31
- Accession: 0001985487-26-000008
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1985487/000198548726000008/kspi-20251231.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1985487/000198548726000008/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2025-01-01 to 2025-12-31 | KZT 4.05tn | ifrs-full:Revenue |
| Cost of revenue | 12 months, 2025-01-01 to 2025-12-31 | KZT 1.18tn | ifrs-full:CostOfSales |
| Income tax | 12 months, 2025-01-01 to 2025-12-31 | KZT 264.21bn | ifrs-full:IncomeTaxExpenseContinuingOperations |
| Net income | 12 months, 2025-01-01 to 2025-12-31 | KZT 1.07tn | ifrs-full:ProfitLossAttributableToOwnersOfParent |
| Diluted EPS | 12 months, 2025-01-01 to 2025-12-31 | KZT 5592.00 | ifrs-full:DilutedEarningsLossPerShare |
| Basic EPS | 12 months, 2025-01-01 to 2025-12-31 | KZT 5631.00 | ifrs-full:BasicEarningsLossPerShare |
| Operating cash flow | 12 months, 2025-01-01 to 2025-12-31 | KZT 673.61bn | ifrs-full:CashFlowsFromUsedInOperatingActivities |
| Cash and equivalents | at 2025-12-31 | KZT 903.14bn | ifrs-full:CashAndCashEquivalents |
| Total assets | at 2025-12-31 | KZT 11.08tn | ifrs-full:Assets |
| Total liabilities | at 2025-12-31 | KZT 8.48tn | ifrs-full:Liabilities |
| Shareholders' equity | at 2025-12-31 | KZT 2.49tn | ifrs-full:EquityAttributableToOwnersOfParent |
| Shares outstanding | at 2025-12-31 | 190,227,932 shares | dei:EntityCommonStockSharesOutstanding |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1985487/000198548726000008/kspi-20251231.htm

Filed Mar 16, 2026.
Source: SEC EDGAR, the filing index for accession 0001985487-26-000008. Last ingested by Listed: Nov 4, 2026, 00:08 ET. No prices; not investment advice.