Joint Stock Co Kaspi.kz (KSPI) Q4 FY25 earnings call

Kaspi.kz delivered strong underlying financial results in Q4 and FY25, enabling the resumption of dividends while continuing strategic investments in long-term growth. The company is focused on enhancing consumer engagement and expanding its e-Commerce offerings, particularly in Turkey, where it aims for EBITDA breakeven and sustained growth. Management highlighted the impact of external factors on reported figures but expressed confidence in its core business model and execution.