Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million
Rhea-AI Summary
Freedom Holding Corp. (NASDAQ: FRHC) reported first quarter fiscal 2027 net revenue of $732.5 million, up 40% from $524.0 million a year earlier, driven by strong growth in its brokerage, banking and other digital services businesses.
Brokerage revenue rose 60% to $282.6 million, banking revenue increased 54% to $225.2 million, and Other segment revenue doubled to $73.9 million. Net income was $31.7 million, or $0.52 per diluted share, compared with $37.4 million, or $0.61 per share, a year earlier, as total expenses grew 45% to $691.7 million.
Total assets reached $14.05 billion, shareholders’ equity was $1.54 billion, and cash and restricted cash totaled $2.82 billion. The company expanded its ecosystem via the acquisition of ChessBase GmbH and, after quarter-end, acquired approximately 99.32% of Turkish Bank A.Ş. S&P Global Ratings raised four Freedom group entities’ long-term issuer credit ratings from “B+” to “BB-,” with stable outlooks.
Positive
- Net revenue up 40% YoY to $732.5 million
- Brokerage segment revenue up 60% YoY to $282.6 million
- Banking segment revenue up 54% YoY to $225.2 million
- Banking deposits up 20% in the quarter to $3.03 billion
- Total assets increased to $14.05 billion as of June 30, 2026
- S&P long-term issuer ratings raised to BB- with stable outlooks for four entities
Negative
- Total expenses rose 45% YoY to $691.7 million
- Net income declined to $31.7 million from $37.4 million YoY
- Diluted EPS decreased to $0.52 from $0.61 a year earlier
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 31 | Bank acquisition | Positive | +1.0% | Completed acquisition of 99.32% stake in Turkish Bank A.Ş. |
| Jul 13 | Share offering | Negative | -3.2% | Completed US$300 million ordinary share offering for expansion funding. |
| Jul 10 | Share offering | Negative | -3.2% | Completed Regulation S offering of 2,374,356 common shares. |
| Jul 01 | Regulatory approval | Positive | +20.4% | Received BRSA and Competition Authority approval for Turkish Bank acquisition. |
| Jun 29 | CFO appointment | Neutral | +0.6% | Appointed Valeriy Kim as CFO, succeeding Evgeny Ler. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
FRHC's recent reactions generally aligned with the direction of acquisition, offering and leadership news, with the largest move following Turkish Bank approval.
Key Terms
margin lending financial
restricted cash financial
issuer credit ratings regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Revenue in the brokerage and banking segments grew by
Freedom Holding Corp. (NASDAQ: FRHC), an international financial services and technology group, today announced its condensed consolidated financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026.
The company’s net revenue increased by
Freedom Holding Corp. also expanded its digital ecosystem through the acquisition of ChessBase GmbH. A month after the reporting period, the company completed its acquisition of an approximately
“We have made a strong start to the new fiscal year, significantly increasing revenue while continuing to deliver strong quarterly profits. This allows us not only to invest actively in the further development of the Freedom ecosystem, but also to expand it into new markets. We completed the acquisition of a bank in Turkey, where we will soon begin rolling out our ecosystem, which has already proven successful in Kazakhstan,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.
Key Financial Results
- Interest income increased by
49% to$295.1 million , driven by higher interest income from margin lending, interest income on loans to customers, and securities portfolios. - Fee and commission income rose by
46% to$156.7 million , primarily driven by higher brokerage activity and growth in brokerage service commissions. Net gains on trading securities increased by75% to$79.8 million , reflecting higher valuations of securities positions and gains from the sale of Kazakhstan sovereign and corporate debt securities. - Total expenses increased by
45% to$691.7 million , compared with$476.5 million a year earlier. The increase was driven mainly by higher insurance claims and policyholder benefits, interest expense, payroll and bonuses, and general and administrative expenses. - Net income for the quarter was
$31.7 million , or$0.52 per diluted share, compared with$37.4 million , or$0.61 per diluted share, a year earlier.
Business Segment Results
Revenue in the brokerage segment was up
Revenue in the Other segment doubled to
Expansion of the Customer Base and Banking Business
As of June 30, 2026, the banking segment served 5.447 million customers, up from 5.026 million as of March 31, 2026. The brokerage segment served 874,000 customers, the insurance segment 924,000, and the Other segment 1.498 million.
Total assets in the banking segment increased by
On June 24, 2026, S&P Global Ratings raised the long-term issuer credit ratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC from “B+” to “BB-.” The outlooks on all four entities are stable.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8300ac6c-defe-40d1-b5a2-5631995a3a2f
