Freedom expanded on several fronts. The financial-services group lifted quarterly revenue to $732.9 million, grew its digital ecosystem and raised nearly $300 million through a share offering after the reporting period, DKNews.kz reports.
Freedom Holding Corp. reported net income of more than $31.7 million for its fiscal first quarter of 2027, which ended June 30, 2026. Basic earnings per share were $0.52.
Revenue Added $208.9 Million in One Year
Quarterly revenue climbed nearly 40% from $524 million to $732.9 million, an increase of $208.9 million.
The growth came from higher interest and commission income, stronger trading results and a sharp improvement in foreign-exchange operations.
Pre-tax profit reached $40.8 million. As of June 30, Freedom had $14 billion in total assets and $1.5 billion in shareholders’ equity.
Cash, cash equivalents, restricted cash and investment securities totaled $7 billion.
Interest Income Approached $300 Million
Interest income was the biggest contributor to growth, rising about 49% to $295.1 million from $198.6 million a year earlier.
Freedom attributed the increase to margin lending, customer loans, reverse repurchase agreements, deposits with banks and returns from its securities portfolio.
Commission income advanced to $156.7 million from $107.6 million, supported by a larger client base and increased trading activity.
Net gains on trading securities rose to $79.8 million from $45.6 million. The group cited sales of Kazakhstan sovereign securities and corporate debt, along with higher valuations for assets remaining in its portfolio at the end of the quarter.
Currency Result Improved by $26.6 Million
Foreign-exchange operations generated a $13.7 million profit, reversing a $12.9 million loss in the year-earlier period.
The $26.6 million swing reflected a significant reduction in currency revaluation losses. Freedom said the tenge was more stable against the euro during the latest quarter after weakening considerably a year earlier.
Currency movements carry added weight for a group with operations in 24 countries. Subsidiaries’ assets and liabilities are translated at reporting-date exchange rates, while revenue and expenses are converted at average rates for the period.
Freedom’s Ecosystem Grew Beyond 13.8 Million Users
The combined client base of companies within Freedom Holding Corp. reached 8.7 million.
Freedom SuperApp added 493,000 users between March 31 and June 30, taking its total to 5.7 million. Brokerage accounts increased by 16,000 to 874,000.
The group’s non-financial businesses added 393,000 customers during the quarter, bringing their total client base to 1.498 million.
Including users of partner companies, Freedom’s wider ecosystem served more than 13.8 million people, up from 11.7 million a year earlier.
The larger audience supports the group’s brokerage, banking and digital businesses. In June, Freedom announced plans to bring its financial and technology services under a single brand across its markets.
Expenses Rose as the Business Expanded
Quarterly expenses increased to about $691.3 million from $476.5 million a year earlier.
Freedom attributed the rise to higher insurance claims and policyholder benefits, interest expenses, payroll and bonuses, and general and administrative costs. Lower commission expenses partly offset the increase.
The higher cost base accompanied an expansion of the group’s client network and range of services. Freedom still closed the quarter with more than $31.7 million in net income.
S&P Upgraded Key Financial Subsidiaries
S&P Global Ratings raised the credit ratings of Freedom’s key financial subsidiaries to “BB-” from “B+,” with a stable outlook.
The agency also upgraded the Kazakhstan national-scale ratings of the group’s subsidiaries to “kzA-.” It cited stronger risk management and resilient financial performance among the factors behind the decision.
Freedom Holding Corp.’s own rating remained at “B-,” with a stable outlook.
Share Offering Brought In Nearly $300 Million
After the quarter ended, Freedom placed 2,374,356 common shares with non-US investors under Regulation S on July 10.
The offering raised nearly $300 million, making it one of the group’s largest corporate transactions following the close of the quarter.
Freedom also completed its acquisition of a 99.32% stake in Turkish Bank A.Ş. after receiving regulatory approval in Türkiye. Shareholders approved a new board and agreed to rename the lender Freedom Bank A.Ş.
In Kazakhstan, the group acquired a stake in education technology company Bilim Group LTD. The country’s Agency for the Protection and Development of Competition approved the transaction, which Freedom said would support joint education projects using artificial intelligence.
The group also directed about $25 million to social and sustainable-development initiatives in Kazakhstan through its Freedom Shapagat corporate foundation during the first half of 2026.
By the end of June, Freedom Holding Corp. had built a $14 billion asset base and an ecosystem reaching more than 13.8 million users. The subsequent share placement added nearly $300 million to the group’s financial capacity.
