Kaspi.kz ADS rises as traders position ahead of May 11 Q1 results

Kaspi.kz American Depositary Shares (KSPI) gained about 3% in U.S. trading as investors and short-term traders positioned ahead of the company’s scheduled first-quarter 2026 results on May 11, 2026. With no single same-day headline dominating, the price action looks tied to catalyst anticipation and a continued repricing around Kaspi’s updated capital-return and funding posture.

Kaspi has said it will report financial results for the quarter ended March 31, 2026 on Monday, May 11, 2026, putting the stock back on earnings-watch lists. Into that date, investors are likely focused on operating momentum in the core Kazakhstan super-app and progress in Turkey, where the company has framed growth investments as compatible with ongoing dividends.

In the past several weeks, Kaspi has reinforced a shareholder-return narrative via a dividend approved at its April 15, 2026 annual general meeting, with dividend payments commencing April 15, 2026 and a record date of April 14, 2026. Separately, the company announced a $600 million issuance of 5.900% senior unsecured notes due 2031, adding liquidity and funding flexibility that can support general corporate purposes while the market weighs the trade-off between reinvestment and cash returns.

The next major catalyst is the May 11 earnings release, where updates on growth, margins, credit trends, and international expansion could reset expectations. Investors will also watch whether management reiterates confidence in maintaining dividends through 2026 and how the company describes uses of incremental funding capacity after the recent notes issuance.