Shares of Kaspi.kz (KSPI) soared 5.20% in pre-market trading on Monday following the release of its impressive third-quarter financial results. The Kazakhstan-based fintech company, which operates the Kaspi.kz and Kaspi Pay Super Apps, reported Q3 revenue of 1.1 trillion Kazakhstani Tenge, significantly surpassing the FactSet estimate of 926.34 billion Tenge.
The company's strong performance was evident across multiple segments. In the Payments sector, Total Payment Value (TPV) and transactions increased by 18% and 14% year-over-year, respectively, for Q3 2025. The Marketplace platform showed robust growth, with purchases up 36% compared to the same period last year. Despite challenges in smartphone supply, e-Commerce GMV (excluding smartphones) grew by 25% year-over-year.
Kaspi.kz also announced several strategic initiatives, including the launch of Kaspi Alaqan, a pay-by-palm technology, and the integration of AI tools to enhance the shopping experience. The company's focus on innovation and expansion, coupled with its strong financial results, appears to have boosted investor confidence, leading to the significant pre-market stock price increase.
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