Segment Reporting

12 Months Ended

Dec. 31, 2024

Disclosure of operating segments [abstract]

The Group reports its business in three operating segments.

The following tables present the summary of each segments’ revenue and net income:


	2022			2023			2024

SEGMENT REVENUE		1,315,552			1,953,068			2,586,381
Payments		333,343			478,684			587,097
Marketplace		239,609			448,223			732,943
Fintech		745,023			1,026,721			1,281,827
Intergroup		(2,423	)		(560	)		(15,486	)

NET INCOME		588,844			848,770			1,056,834
Payments		199,489			308,901			381,607
Marketplace		152,248			247,955			348,400
Fintech		237,107			291,914			326,827

Operating segments are identified based on how the Group manages the business on a day-to-day basis and the types of products and services provided. Operating segments are reported in a manner consistent with internal reports, which are reviewed and used by the management board (who are identified as Chief Operating Decision Makers, “CODM”). The operating performance measure of each operating segment is revenue and net income.

Costs and operating expenses that are deducted from revenue, include interest expenses (2022: KZT 278,676 million; 2023: KZT 478,010 million; 2024: KZT 616,116 million) and provision expenses (2022: KZT 55,210 million; 2023: KZT 79,634 million; 2024: KZT 113,957 million), both attributable to Fintech Segment, share-based compensation expenses and other expenses recognized across the segments.

Management believes that other segment expenses are not material for analysis of our ongoing operations.

Expenses associated with share-based compensation are recognized across the segments.

The following table presents the summary of share-based compensation expense by segments:


	2022			2023			2024

SHARE-BASED COMPENSATION		(19,984	)		(20,859	)		(16,963	)
Payments		(5,946	)		(7,200	)		(6,436	)
Marketplace		(2,009	)		(2,335	)		(2,432	)
Fintech		(12,029	)		(11,324	)		(8,095	)