Jet Finance Issuer Day: investments, growth and social responsibility
KASE together with Jet Finance organized an Issuer Day to discuss the company's 2025 results and development plans. Deputy Chairperson of the KASE's Management Board Ainagul Iskakova emphasized that assignment of B- credit rating from Fitch Ratings was a significant event for the issuer.
"Two weeks ago, we recognized Jet Finance with the Exchange's "Striving for Transparency" award - it isn't just a principle, it's a sign of trust. It's important to see how the company is developing, the progress in implementing of its projects and the work of its management, so that the investors feel comfortable and at ease", noted Ainagul Iskakova.
Regional Director for Kazakhstan Aitolkyn Kanapina discussed the company's key products: the flagship Jet Car project (secured car loans) and the Amonitoring system for GPS vehicle tracking. The net profit increased almost eightfold in 2025.
Jet Finance CFO Maxim Lesovoy shared the financial results in more detail:
"This year was quite successful for our company. We achieved a lot. At the end of 2024, our net portfolio was $28 mln, and in 2025, it reached $100 mln, a very important goal for us. We issued almost $96.8 mln, and the number of our clients exceeded 10,000, representing a 123% increase compared to previous year".
According to him, the bond placement on KASE allows Jet Finance to demonstrate discipline and transparency to investors.
"Last year alone, we paid out 6.5 bln tenge to our investors, which is even more than our net profit. During 2025, we placed 23 bond issues worth 25 bln tenge and $50 mln. Of these, 16 issues matured on time. We strive to maintain the yield at the market average: 22% in tenge and 11% in foreign currency. The foreign currency bonds are in high demand, and we see that people are willing to withdraw funds from their deposits and invest at higher interest rates", said Maxim Lesovoy.
Sultan Seitbekov, CEO of YUSR, the Jet Finance's international arm, discussed the company's operations in the UAE, where it targets the expats who lack access to traditional bank lending. Two products have been launched there: Yusr Pay and the Yusr Rent brand itself, which provides flexible financial solutions for both individuals and SMEs. Thus, an international team is being formed, two offices have been opened in Dubai, and the plans include expansion in the MENA region and Central Asia. The company's solutions are designed to be favorable for all parties: clients get financing, investors get profitability, and the platform gets business and growth.
Deputy Regional Director and Head of Jet Jastar Arslan Kazes presented the Jet Jastar's social project that supports talented schoolchildren from Kazakhstan's regions and issues grants to teachers. Furthermore, 11 rural schools in Kazakhstan received interactive panels and LED screens to improve the educational process.
The event also included awarding of Jet Finance partners in several categories, demonstrating the value of collaboration and contribution to the company's development.