Kaspi.kz to Initiate Quarterly Dividend, Reports Strong Hepsiburada Growth Alongside Kazakhstan Regulatory Headwinds
KSPI is trading near its 52-week low of $70.05 (2.7% above the low).
Summary
Kaspi.kz announced its 4Q and FY 2025 financial results, revealing plans to initiate a quarterly dividend of KZT 850 per ADS, subject to shareholder approval. The company reported substantial progress in its Türkiye operations, Hepsiburada, with Q4 2025 order growth of 19% year-over-year and engaged consumers increasing by 29% year-over-year. While the dividend initiation and Hepsiburada's growth are positive developments, Kaspi.kz also highlighted significant regulatory headwinds in Kazakhstan, including an increase in the corporate tax rate for banks to 25% and higher minimum reserve requirements, which are expected to impact bottom-line growth in 2026. Investors will closely monitor the sustainability of the new dividend, the continued operational and financial performance of Hepsiburada, and the actual impact of the regulatory changes on the company's profitability.
At the time of this announcement, KSPI was trading at $71.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $70.05 to $105.85. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.