Kaspi.kz (KSPI) reported Q1 net income Monday of 254.05 billion Kazakhstani tenge ($504 million), up from 223.44 billion tenge a year earlier.

Four analysts polled by FactSet expected 267.70 billion tenge.

Revenue for the quarter ended March 31 was 821.85 billion tenge, up from 552.81 billion tenge a year earlier.

Four analysts surveyed by FactSet expected 715.08 billion tenge.

For 2025, the online shopping platform now expects a net income growth of around 15% year over year, down from its previous guidance of around 20%. Analysts polled by FactSet expect 1.262 trillion tenge.

Shares of the company were down 1.2% in recent premarket activity.