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11.04.2025 12:03 #Corporate events

MFO "Mogo Kazakhstan" reported financial results for 2024

/KASE, April 11, 2025/ – MFO "Mogo Kazakhstan" LLP (KASE ticker – MFMO) reported the following:

quote

April 8, 2025

One of the most dynamically developing players in the microfinance market of Kazakhstan, Jet Finance (legal entity: MFO "Mogo Kazakhstan" LLP), summed up the results of 2024. The company recorded impressive growth in all key indicators, demonstrating confident scaling of the business: assets more than tripled, net profit exceeded 650 mln tenge, and the loan portfolio increased 3 times. In the context of growing demand for alternative financial services, Jet Finance strengthens its position as a technological and customer-oriented market leader.

According to published data, the company demonstrated confident growth in all key indicators:

  • Total assets increased more than threefold – from 6.5 bn tenge to 23.1 bn tenge;
  • Equity capital increased from 1.36 bn tenge to 4.76 bn tenge;
  • Net profit amounted to 650.5 mln tenge, exceeding the 2023 figure by more than two times (266.6 mln tenge);
  • The ROE indicator was 21.3 %.

unquote

The full version of the press release in Kazakh and Russian is available at see more

[2025-04-11]