Kaspi.kz Reports Q3 2026 Results with 18% Revenue Growth and Expansion in Türkiye
Kaspi.kz (KSPI) reported third-quarter 2026 consolidated revenue of KZT 1.1 trillion ($2.5 billion), marking an 18% year-over-year increase on a constant-currency basis. While net income remained stable at KZT 281 billion, adjusted EBITDA saw a marginal 1% increase to KZT 408 billion, pressured by elevated funding costs and strategic investments in the Turkish market. The company's ecosystem showed strong engagement, with e-commerce GMV growing 17% and value-added services revenue surging 42%. Despite headwinds from currency depreciation in Türkiye and rising interest rates in Kazakhstan affecting fintech margins, Kaspi continues to scale its marketplace and fintech segments. Management also highlighted the successful pilot of Magnum Daily stores and the high conversion metrics driven by their new 'Kasper' AI assistant.
Tickers: $KSPI
Topics: Dividend Announcement EBITDA e-Commerce GMV Marketplace Take Rate Net Income Revenue Growth
Read the full article at Motley Fool
Part of the story Boyd Group Services Reports 28.2% Revenue Growth in Third Quarter 2026 (23 articles)