Freedom Holding Corp.’s revenue in Q1 FY2026 exceeded half a billion dollars

Freedom Holding Corp. Reports Financial Results for the First Quarter of Fiscal Year 2026

Freedom Holding Corp. today announced its financial results for the first quarter of fiscal year 2026, which ended on June 30, 2025.

Key performance indicators showed the following dynamics:

• Revenue for the reporting period amounted to $533.4 million, an increase of $78.4 million (17%) compared to the same period last year, driven by higher net income from securities operations. Additional positive impact came from growth in net earned insurance premiums (net of reinsurance) due to an increase in pension annuity and accident insurance contracts, as well as higher sales of goods and services across other subsidiaries.
• Net income totaled $30.4 million. Earnings per share were $0.51*.
• Total assets decreased from $9.9 billion to $9.7 billion (-2%). Liabilities stood at $8.5 billion (-3%).

In Q1 FY2026, sponsorship expenses increased by $6.5 million, including several contributions made through the Group’s subsidiaries. The largest sponsorship commitment during the reporting period was directed toward the Kazakhstan youth football league QJ League.

The client base continued to grow: brokerage accounts reached 725,000 (+43,000); insurance clients — 1.4 million (+226,000); and banking service users — 3.0 million (+412,000).

On June 26, 2025, international rating agency S&P Global Ratings revised its outlook for the ratings of key subsidiaries — JSC “Freedom Finance,” Freedom Finance Global PLC, Freedom Finance Europe Ltd, and JSC “Freedom Bank Kazakhstan” — from “Stable” to “Positive” and affirmed their long- and short-term ratings at B+/B, citing strengthened risk management and compliance systems. On the national scale, ratings for JSC “Freedom Finance” and JSC “Freedom Bank Kazakhstan” were upgraded from kzBBB to kzBBB+. The rating of Freedom Holding Corp. was affirmed at B-.

A significant event during the quarter was the inclusion of Freedom Holding Corp. shares in the Russell 3000 Index as part of its annual rebalancing, effective after the U.S. market close on June 27, 2025. The Russell 3000 Index tracks the performance of 3,019 of the largest U.S. companies, representing approximately 98% of the investable U.S. equity market.

Note:

The first quarter of FY2026 ended for the Company on June 30, 2025.

Currency translation reserve adjustment: Other comprehensive income/(loss) includes gains and losses from the revaluation of the currency translation reserve, arising from the conversion of subsidiaries’ financial statements denominated in their functional currencies into the holding company’s reporting currency during consolidation. Assets and liabilities are translated at the closing exchange rate on the reporting date, while income and expense items are translated at the average exchange rate for the reporting period. A positive change in the reserve occurs when the functional currencies of subsidiaries depreciate against the holding company’s reporting currency.

* Earnings are calculated based on the basic weighted average number of shares outstanding of 59.9 million.

About the Company

Freedom Holding Corp. is a diversified company providing financial services, including brokerage operations, securities trading, investment research and advisory, investment banking and underwriting, mortgage services, insurance, telecommunications, online sales of airline and event tickets, online supermarket services, and more. Together with its subsidiaries, Freedom Holding Corp. employs more than 10,100 people. The Group’s subsidiaries and affiliates operate in 22 countries, including Kazakhstan, the U.S., Cyprus, Poland, Spain, Uzbekistan, and others. Freedom Holding Corp.’s common shares are registered with the U.S. Securities and Exchange Commission and trade under the ticker FRHC on the Nasdaq Capital Market.

Media contacts: [email protected]
www.freedomholdingcorp.com