Freedom Holding Corp. Reports Financial Results for the Nine Months and Quarter Ended December 31, 2025

Freedom Holding Corp. (NASDAQ: FRHC) reported financial results for the three and nine months ended December 31, 2025, showing asset and equity expansion, strong operating cash flow, and customer growth.

Rhea-AI Summary

Freedom Holding Corp. (NASDAQ: FRHC) reported financial results for the three and nine months ended December 31, 2025, showing asset and equity expansion, strong operating cash flow, and customer growth. Total assets reached $12.38 billion (+25% year-over-year); shareholders' equity rose to $1.40 billion. Net income for the quarter was $76.2 million, with diluted EPS of $1.25 for the quarter and $2.38 for the nine months. Cash, cash equivalents, and restricted cash totaled $3.51 billion, supporting continued platform expansion and product rollout.

Positive

• Total assets of $12.38 billion (+25% year-over-year)
• Operating cash flow of $1.73 billion for nine months
• Shareholders' equity increased to $1.40 billion (+15.7%)

Negative

• None.

Argus Feb 10 session

+1.80% close to close Open Argus

Details

News Market Reaction – FRHC

On Feb 10, the day this news came out, FRHC closed 1.80% above the previous close.

Data tracked by StockTitan Argus for the Feb 10 session.

Key Figures

Total assets: $12.38B Operating cash flow: $1.73B Shareholders' equity: $1.40B +5 more

Total assets

$12.38B

End of Q3 FY2026 vs $9.91B prior fiscal year-end

Operating cash flow

$1.73B

Nine months ended December 31, 2025

Shareholders' equity

$1.40B

End of Q3 FY2026, up from $1.21B

Net income

$76.2M

Q3 FY2026

Diluted EPS

$1.25

Q3 FY2026

Diluted EPS (9M)

$2.38

Nine months ended December 31, 2025

Quarterly revenue

$628.6M

Three months ended December 31, 2025

Banking customers

4.5M

Up from 2.5M over nine months

Previous Earnings Reports

5 past events · Latest: Nov 07

Same Type 5 events

1. Nov 07

   1H FY2026 earnings

   24h Move

   -1.5%

   1H FY2026 revenue and net income growth with expanding customer metrics.

2. Nov 07

   Q2 FY2026 earnings

   24h Move

   -1.5%

   Q2 FY2026 revenue and earnings with stronger cash and asset base.

3. Aug 08

   Q1 FY2026 earnings

   24h Move

   -1.9%

   Q1 FY2026 revenue up 17% and higher net income per share.

4. Jun 13

   FY2025 results

   24h Move

   +3.2%

   FY2025 revenue growth with materially lower net income year over year.

5. Feb 07

   Q3 FY2025 earnings

   24h Move

   +5.3%

   Q3 FY2025 strong revenue and asset growth but higher operating expenses.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

diluted earnings per share, restricted cash

2 terms

diluted earnings per share financial

"Diluted earnings per share (EPS) were $1.25 for the quarter"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

restricted cash financial

"cash, cash equivalents, and restricted cash stood at $3.51 billion"

Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 10, 2026 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC), a diversified financial services and technology group, today announced financial results for the three and nine months ended December 31, 2025, reflecting growth in assets and shareholders' equity, strong operating cash flow generation, and continued expansion of its customer base across core business segments.

The holding company's total assets at the end of the third quarter amounted to $12.38 billion, which is 25% higher than at the end of the previous fiscal year - $9.91 billion. The growth in assets was driven by the expansion of the company's own investment portfolio and an increase in client balances in brokerage accounts.

Key Financial Highlights

• For the nine months ending 31 December 2025, operating cash flow reached $1.73 billion
• Total shareholders' equity rose to $1.40 billion, up from $1.21 billion at the end of the prior fiscal year.
• Net income for the 3Q FY2026 was $76.2 million.
• Diluted earnings per share (EPS) were $1.25 for the quarter and $2.38 for the nine-month period.

Cash flow and liquidity

During the nine-month period, net cash provided by operating activities totaled $1.73 billion. This was driven primarily by growth in customer funds held in brokerage accounts, as well as a reduction in margin-related balances.

As of 31 December 2025, cash, cash equivalents, and restricted cash stood at $3.51 billion, compared to $1.64 billion at the start of the financial year.

Revenue and operating performance

Total revenue for the three months ending 31 December 2025 amounted to $628.6 million, driven by interest income, brokerage and commission revenues, and insurance premiums. Revenue for the nine-month period totaled $1.69 billion. This diversified revenue mix reflects continued customer activity across the brokerage, banking, and insurance segments, providing stability in the face of fluctuating market conditions.

Customer Growth and Business Development

Freedom Holding Corp. continued to scale its platform during the reporting period. The number of banking customers increased from 2.5 million to 4.5 million over nine months, while the brokerage customer base grew by more than 20%. Growth was supported by expanded digital offerings and continued development of the company's financial and non-financial ecosystem.

The company demonstrated the effectiveness of its diversified business model across financial, insurance, and technology segments.

"We continue to develop our digital ecosystem by integrating traditional brokerage and banking with everyday consumer services. This ecosystem supports a wide range of use cases, from daily purchases such as groceries and tickets to transactions involving complex investment instruments. The strategy we adopted several years ago - to build a trusted operating environment rather than a simple marketplace - is delivering results. More than 7 million customers now use our platform. Our SuperApp is the most downloaded application in Kazakhstan, with plans for expansion into additional markets. Global technology leaders, including NVIDIA, Amazon, and Microsoft, are participating in our projects," said Timur Turlov, Chairman of the Board of Directors and Chief Executive Officer of Freedom Holding Corp.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, 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 Russell 3000 Index.

Contact: 

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz 
+77013641454

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Logo: https://mma.prnewswire.com/media/2890891/Freedom_Holding_Corp_Logo__1_Logo.jpg 

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SOURCE Freedom Holding Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Freedom Holding Corp.'s reported total assets and YoY change as of December 31, 2025 (FRHC)?

Total assets were $12.38 billion, a 25% increase year-over-year. According to the company, asset growth was driven by its investment portfolio expansion and higher client brokerage balances.

How much operating cash flow did Freedom Holding Corp. report for the nine months ended December 31, 2025 (FRHC)?

Operating cash flow for the nine months was $1.73 billion. According to the company, this was primarily driven by growth in customer funds in brokerage accounts and reduced margin-related balances.

What were FRHC's quarterly net income and diluted EPS for the quarter ended December 31, 2025?

Net income for the quarter was $76.2 million with diluted EPS of $1.25. According to the company, revenue drivers included interest income, brokerage and commission revenues, and insurance premiums.

How many customers use Freedom Holding Corp.'s platform and what customer growth was reported (FRHC)?

More than 7 million customers use the platform, with banking customers rising from 2.5 million to 4.5 million. According to the company, growth was supported by expanded digital offerings and its SuperApp adoption.

How strong was Freedom Holding Corp.'s liquidity position as of December 31, 2025 (FRHC)?

Cash, cash equivalents, and restricted cash totaled $3.51 billion as of December 31, 2025. According to the company, this compares to $1.64 billion at the fiscal year start, reflecting improved liquidity.