ALMATY, Kazakhstan, July 22, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz", "we") (NASDAQ:KSPI) which operates the Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants, today publishes its unaudited consolidated IFRS financial results for the quarter and first half ended 30 June 2024 ("2Q & 1H 2024"). 2Q 2024 Highlights Strong 2Q 2024 with revenue and net income up 36% and 25% year-over-year ("YoY"), respectively. Our faster growing and more profitable Payments and Marketplace Platforms together accounted for 68% of consolidated net income, up from 61% in 1H 2023. All Platforms continued to deliver strong top-line growth in the second quarter of 2024: Marketplace remains our fastest growing platform with GMV and revenue up 62% and 96% YoY respectively. Revenue from value-added services ("VAS") increased 4.2x YoY and added 100 bps to Marketplace Take Rate, which reached 9.5%. Range of ad products expanded with the launch of brand advertising. Marketplace net income up 68% YoY. Within Marketplace, e-Commerce keeps delivering the stand-out performance: e-Commerce GMV up 113% YoY. e-Commerce Take Rate up 30 bps YoY to 11.3%. e-Grocery top-line keeps growing fast: GMV up 99% YoY & active customers up to 639k. Launched in Shymkent, Kazakhstan's 3rd largest city. With a presence in Almaty, Astana and Shymkent, e-Grocery covers around half of Kazakhstan's total retail trade. We are expanding existing dark stores and are opening another large dark store in Almaty to meet growing consumer demand. Following the acquisition of Kolesa.kz, we are focussing on the autos' vertical, which we believe is one of the largest areas of household spending: e-Cars accounted for 28% of e-Commerce GMV during 1H 2024. Further product launches planned later this year, as we build the leading digital experience around selling, buying & servicing a car.