Freedom Holding Corp. has started its new fiscal year with strong momentum. In the first quarter of fiscal year 2026, which ended on June 30, the company posted revenue of $533.4 million - an increase of $78.4 million or 17% year over year.
Yes - while the calendar still says 2025, like many international corporations, Freedom’s fiscal year runs on its own schedule: it began on April 1 and will end on March 31, 2026.
From securities to insurance - what drove growth
The main growth driver was higher net profit from securities operations. Insurance also contributed meaningfully, with premiums on pension annuities and accident insurance up thanks to more contracts. Additional support came from stronger sales of goods and services across other subsidiaries.
Freedom Holding Corp.’s net profit reached $30.4 million, with earnings per share of $0.51. Total assets moved from $9.9 billion to $9.7 billion, while liabilities decreased from $8.8 billion to $8.5 billion.
Sport and social responsibility
The company continued investing in community initiatives. Sponsorship spending increased by $6.5 million during the quarter, with a major share directed to Kazakhstan’s QJ League youth football league.
Client base - growth on an exponential curve
Freedom’s client base is expanding at a rapid pace:
- Brokerage accounts - 725,000 (+43,000)
- Insurance clients - 1.4 million (+226,000)
- Banking service users - 3.0 million (+412,000)
If this momentum holds, the insurance and banking segments could nearly double by fiscal year-end.
International recognition
On June 26, 2025, S&P Global Ratings revised the outlook for the ratings of Freedom’s key subsidiaries - JSC Freedom Finance, Freedom Finance Global PLC, Freedom Finance Europe Ltd, and JSC Freedom Bank Kazakhstan - from “stable” to “positive,” citing strengthened risk management and compliance. On the national scale, the ratings of JSC Freedom Finance and JSC Freedom Bank Kazakhstan were upgraded from “kzBBB” to “kzBBB+.” Freedom Holding Corp.’s rating was affirmed at “B-.”
Another milestone was the inclusion of Freedom Holding Corp.’s shares in the Russell 3000 index as part of its annual rebalancing, effective after the U.S. market close on June 27. The Russell 3000 tracks 3,019 of the largest U.S. companies, covering roughly 98% of the investable equity market.
A dynamic ecosystem
Today, Freedom Holding Corp. is more than a financial holding company - it’s a broad ecosystem where finance, technology, and service work together. From brokerage and investment banking to insurance, mortgages, telecom, online ticketing, and even a dedicated online supermarket, the company integrates multiple verticals under one roof. Operating in 22 countries with over 10,000 employees, Freedom is steadily expanding while keeping its FRHC shares in the spotlight on Nasdaq.
