Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of information about consolidated structured entities [abstract]

Condensed Financial Information for the Company

The following is condensed financial information for the Company.

Condensed Statements of Profit or Loss and Other Comprehensive Income for the years ended 31 December 2023, 2024, and 2025

	2023			2024			2025
REVENUE		602,138			776,807			775,668
Dividend income from banking subsidiaries*		283,352			285,206			223,535
Dividend income from other subsidiaries*		296,700			467,500			518,500
Interest income		22,324			22,707			23,151
Marketing income		—			—			20,889
Net (losses) gains on foreign exchange operations		(238	)		1,394			(10,454	)
Fees and commission income		—			—			47
COSTS AND OPERATING EXPENSES		(24,544	)		(20,826	)		(36,826	)
General and administrative expenses		(24,528	)		(20,810	)		(20,242	)
Interest expense		—			—			(16,534	)
Fee and commission expense		(16	)		(16	)		(32	)
Provision expenses		—			—			(18	)
NET INCOME BEFORE TAX		577,594			755,981			738,842
Income tax		(3,705	)		(4,058	)		(2,966	)
NET INCOME		573,889			751,923			735,876
OTHER COMPREHENSIVE INCOME		—			—			34
TOTAL COMPREHENSIVE INCOME		573,889			751,923			735,910

* Joint Stock Company Kaspi.kz directly holds 100% ownership interest in Kaspi Group JSC, the parent company of banking group and indirectly holds 98.95% ownership interest in Kaspi Bank JSC through Kaspi Group JSC. As allowed under IAS 27.10, the investment in banking subsidiaries and other subsidiaries were accounted for under the cost method. Using the equity method, the income in undistributed earnings of banking subsidiaries were KZT 8,607 million, KZT 11,030 million and KZT 15,721 million for 2023, 2024 and 2025, respectively, and the income in undistributed earnings of other subsidiaries were KZT 78,196 million, KZT 34,690 million and KZT 30,150 million for 2023, 2024, and 2025, respectively.

Condensed Statements of Financial Position as at 31 December 2024 and 2025

	2024			2025
ASSETS:
Cash and cash equivalents		324,993			506,361
Investments in banking subsidiaries*		171,107			171,107
Investments in other subsidiaries*		39,103			703,818
Investment securities and derivatives		—			215,524
Current income tax assets		—			143
Other assets		1,352			2,026
TOTAL ASSETS		536,555			1,598,979
LIABILITIES:
Debt securities issued		—			331,992
Other liabilities		155			1,112
TOTAL LIABILITIES		155			333,104
EQUITY:
Issued capital		130,144			130,144
Treasury shares		(151,521	)		(169,985	)
Revaluation reserve of financial assets		—			34
Share-based compensation reserve		31,777			27,938
Retained earnings		526,000			1,277,744
TOTAL EQUITY		536,400			1,265,875
TOTAL LIABILITIES AND EQUITY		536,555			1,598,979

* Using the equity method, the investment in banking subsidiaries were KZT 221,293 million and KZT 233,595 million for 31 December 2024 and 2025, respectively, and the investment in other subsidiaries were KZT 204,620 million and KZT 869,386 million for 31 December 2024 and 2025, respectively.

In accordance with NBRK regulations, dividends paid by the Bank to the Company are subject to certain limitations.

Condensed Statements of Cash Flows For the Years ended 31 December 2023, 2024, and 2025

	2023			2024			2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Interest income received		18,991			19,303			23,577
Interest paid		—			—			(21,954	)
Fees and commissions received		—			—			47
Fees and commissions paid		(16	)		(16	)		(32	)
Marketing income received		41			—			20,889
General and administrative expenses paid		(3,669	)		(3,548	)		(8,395	)
Cash flows from operating activities before changes    in operating assets and liabilities		15,347			15,739			14,132
Changes in operating assets and liabilities
Other assets		426			(821	)		(815	)
Other liabilities		80			(14	)		956
Cash inflow from operating activities before    income tax		15,853			14,904			14,273
Income tax paid		(539	)		(587	)		(2,966	)
Net cash inflow from operating activities		15,314			14,317			11,307
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends received from subsidiaries		580,052			752,706			742,035
Proceeds on disposal of financial assets at FVTOCI		—			—			336,907
Purchase of financial assets at FVTOCI		—			—			(587,234	)
Acquisition of subsidiary, net of cash acquired		—			—			(552,834	)
Sale of investments in subsidiaries		—			5,000			—
Purchase of investments in subsidiaries								(33,721	)
Net cash (outflow)/inflow from investing activities		580,052			757,706			(94,847	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issue of debt securities		—			—			326,047
Dividends paid		(560,132	)		(646,056	)		—
Purchase of treasury shares		(60,703	)		(2,852	)		(21,907	)
Net cash inflow/(outflow) from financing activities		(620,835	)		(648,908	)		304,140
Effect of changes in foreign exchange rate on cash and    cash equivalents		(279	)		1,394			(39,232	)
NET INCREASE/ (DECREASE) IN CASH AND CASH    EQUIVALENTS		(25,748	)		124,509			181,368
CASH AND CASH EQUIVALENTS, beginning of period		226,232			200,484			324,993
CASH AND CASH EQUIVALENTS, end of period		200,484			324,993			506,361