Freedom Holding Corp. reports 17% revenue growth in Q1 FY2026 driven by strong insurance and banking segments
Freedom Holding Corp. (Nasdaq: FRHC) reported strong Q1 FY2026 financial results with revenue growing 17% year-over-year to $533.4 million. The company's performance was driven by significant growth in its banking segment (+60% to $146.2M) and insurance operations (+18% to $174M).
Key highlights include net income of $30.4 million ($0.50 per diluted share), operating cash flow of $480.8M, and total assets of $9.69B. The banking division expanded its customer base to 2.9M users, while insurance clients reached 1.4M. The brokerage segment grew modestly at 1% to $176.3M, with accounts increasing to 725,000.
Notable developments include a positive net gain on trading securities of $45.6M compared to a $52.1M loss in the previous year, primarily due to Kazakhstan government bonds' performance. The company also completed the acquisition of Astel Group Ltd to strengthen its telecom infrastructure.
Freedom Holding Corp. (Nasdaq: FRHC) ha registrato risultati finanziari solidi nel primo trimestre dell'esercizio 2026, con ricavi in crescita del 17% anno su anno, pari a $533,4 milioni. La performance è stata guidata dall'ampio sviluppo del segmento bancario (+60% a $146,2M) e dalle attività assicurative (+18% a $174M).
I punti salienti includono un utile netto di $30,4 milioni (0,50$ per azione diluita), flussi di cassa operativi per $480,8M e attività totali per $9,69B. La divisione bancaria ha ampliato la base clienti a 2,9 milioni di utenti, mentre i clienti assicurativi sono saliti a 1,4 milioni. Il segmento broker ha registrato una crescita contenuta dell'1% a $176,3M, con il numero di conti portatosi a 725.000.
Tra gli sviluppi rilevanti figura un guadagno netto positivo su titoli negoziabili di $45,6M rispetto a una perdita di $52,1M dell'anno precedente, principalmente legato all'andamento dei bond governativi del Kazakistan. L'azienda ha inoltre completato l'acquisizione di Astel Group Ltd per rafforzare la propria infrastruttura telecom.
Freedom Holding Corp. (Nasdaq: FRHC) presentó sólidos resultados financieros en el primer trimestre del ejercicio 2026, con ingresos que aumentaron un 17% interanual hasta $533,4 millones. El desempeño fue impulsado por un notable crecimiento en el segmento bancario (+60% a $146,2M) y en el negocio de seguros (+18% a $174M).
Los puntos clave incluyen un beneficio neto de $30,4 millones (0,50$ por acción diluida), flujo de caja operativo de $480,8M y activos totales por $9,69B. La división bancaria amplió su base a 2,9 millones de usuarios, mientras que los clientes de seguros alcanzaron 1,4 millones. El segmento de corretaje creció modestamente un 1% hasta $176,3M, con cuentas que aumentaron a 725.000.
Entre los hechos destacables figura una ganancia neta positiva en valores negociables de $45,6M frente a una pérdida de $52,1M el año anterior, debido principalmente al comportamiento de los bonos gubernamentales de Kazajistán. La compañía también completó la adquisición de Astel Group Ltd para reforzar su infraestructura de telecomunicaciones.
Freedom Holding Corp. (Nasdaq: FRHC)는 2026 회계연도 1분기에 견조한 실적을 발표했습니다. 매출은 전년 동기 대비 17% 증가한 $533.4 million을 기록했습니다. 이 성과는 은행 부문(+60%, $146.2M)과 보험 사업(+18%, $174M)의 큰 성장에 힘입은 것입니다.
주요 지표로는 순이익 $30.4 million(희석 주당 0.50달러), 영업활동 현금흐름 $480.8M, 총자산 $9.69B 등이 있습니다. 은행 부문은 고객 수를 290만 명으로 늘렸고, 보험 고객은 140만 명에 이르렀습니다. 중개 부문은 1% 소폭 성장해 $176.3M을 기록했으며 계좌 수는 725,000개로 증가했습니다.
주목할 만한 사항으로는 매매증권 관련 순이익 $45.6M을 기록해 전년도의 $52.1M 손실에서 개선된 점이 있으며, 이는 주로 카자흐스탄 국채의 성과에 기인합니다. 또한 통신 인프라 강화를 위해 Astel Group Ltd 인수를 완료했습니다.
Freedom Holding Corp. (Nasdaq: FRHC) a publié de solides résultats pour le 1er trimestre de l'exercice 2026, avec un chiffre d'affaires en hausse de 17% sur un an, à $533,4 millions. La performance a été portée par la forte progression du pôle bancaire (+60% à $146,2M) et des activités d'assurance (+18% à $174M).
Parmi les faits marquants figurent un résultat net de $30,4 millions (0,50$ par action diluée), un flux de trésorerie d'exploitation de $480,8M et des actifs totaux de $9,69B. La division bancaire a porté sa clientèle à 2,9 millions d'utilisateurs, tandis que la clientèle assurance atteint 1,4 million. Le segment courtage a légèrement progressé de 1% à $176,3M, avec 725 000 comptes.
Parmi les développements notables, un gain net positif sur titres de transaction de $45,6M contre une perte de $52,1M l'année précédente, principalement lié à la performance des obligations d'État du Kazakhstan. La société a également finalisé l'acquisition d'Astel Group Ltd pour renforcer son infrastructure télécom.
Freedom Holding Corp. (Nasdaq: FRHC) verzeichnete im ersten Quartal des Geschäftsjahres 2026 starke Finanzergebnisse, mit einem Umsatzanstieg von 17% gegenüber dem Vorjahr auf $533,4 Millionen. Getragen wurde die Entwicklung vor allem vom Bankgeschäft (+60% auf $146,2M) und dem Versicherungsgeschäft (+18% auf $174M).
Wesentliche Kennzahlen sind ein Nettoergebnis von $30,4 Millionen (0,50$ verwässert je Aktie), operative Cashflows von $480,8M sowie Gesamtvermögen von $9,69B. Die Banktochter baute ihre Kundenbasis auf 2,9 Mio. Nutzer aus, die Versicherungssparte betreut 1,4 Mio. Kunden. Das Brokerage wuchs moderat um 1% auf $176,3M, die Kontenzahl stieg auf 725.000.
Bemerkenswert ist ein positiver Nettoertrag aus Handelswertpapieren von $45,6M gegenüber einem Verlust von $52,1M im Vorjahr, hauptsächlich aufgrund der Entwicklung kasachischer Staatsanleihen. Zudem wurde die Übernahme der Astel Group Ltd abgeschlossen, um die Telekom‑Infrastruktur zu stärken.
- Revenue increased 17% YoY to $533.4 million
- Banking segment revenue surged 60% to $146.2 million
- Insurance segment grew 18% to $174 million
- Net gain on trading securities of $45.6M vs previous year's loss of $52.1M
- Strong customer base growth: Banking clients up to 2.9M, Insurance clients at 1.4M
- Healthy operating cash flow of $480.8 million
- Total expenses increased to $492.9 million
- Significant interest expense of $113.4 million
- Large related party loan exposure of $231.7 million
- Modest 1% growth in brokerage segment revenue
Insights
Freedom Holding reported solid 17% revenue growth driven by banking and insurance segments, though expenses are rising alongside strategic investments.
Freedom Holding Corp's Q1 FY2026 results demonstrate the effectiveness of its diversified business model across emerging markets. The company posted
The banking segment showed impressive growth with revenue jumping
The brokerage segment showed more modest growth of just
A significant positive factor was the
However, total expenses reached
The acquisition of Astel Group Ltd strengthens FRHC's telecoms infrastructure, aligning with management's stated focus on technology investment and market expansion, particularly in Central Asia and Europe. With total assets of
"Our Q1 results reflect strong momentum across our core verticals and confirm the resilience of our diversified ecosystem," said Timur Turlov, Chief Executive Officer of Freedom Holding Corp. "We are continuing to invest in technology, expand our offerings, and deepen our presence in key markets, particularly in
Q1 FY2026 key financial highlights:
- Total revenue:
$533.4 million (+17% YoY) - Net income attributable to common shareholders:
$30.4 million , or$0.50 - Operating cash flow:
$480.8 million - Total assets:
$9.69 billion - Shareholders' equity:
$1
The company reported a
Revenue from brokerage segment amounted to
The business units (including lifestyle and telecoms businesses) contributed
Net gain on trading securities also had a positive impact on financial results, amounting to
Cost dynamics and strategic investments
During the quarter, Freedom Holding completed the acquisition of Astel Group Ltd, thereby strengthening its telecoms infrastructure under the Freedom Telecom brand.
Total company expenses for the quarter amounted to
Despite higher costs and foreign exchange headwinds, the group maintained a net profit of
Balance Sheet Highlights
- Cash and cash equivalents:
$567.9 million - Restricted cash:
$1.1 billion (mainly for client accounts) - Investment securities portfolio:
$2.8 billion - Loan portfolio:
$1.75 billion , including$231.7 million
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including
Contact
Public relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
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SOURCE Freedom Holding Corp.
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