New York, USA, June 2, 2026, FinanceWire
The company develops international expansion and an integrated financial, insurance, consumer and technology ecosystem strategy
Freedom Holdings (Nasdaq: FRHC), a multinational investment and technology company, today announced its financial results for the fiscal year ending March 31, 2026. The company maintained a strong liquidity position and demonstrated the effectiveness of its diversified business model, which brings together financial services, insurance, consumer services and technology businesses within one integrated ecosystem.
For fiscal year 2026, net income increased from $76.2 million to $153.3 million, representing approximately 101% year-over-year growth. Total net revenue reached a record high of $2.19 billion, compared to $2.00 billion in fiscal 2025. Since listing on the Nasdaq in 2019, total revenue has increased more than 26-fold.
Freedom’s customer base has continued to expand across key business lines. The number of brokerage clients increased from 683,000 to 858,000, while the number of bank clients doubled from 2.52 million to 5.03 million. The insurance business served approximately 1.1 million customers, and the customer base across other business segments increased by 83% to approximately 1.1 million customers.
Financial highlights for fiscal year 2026
For the fiscal year ending March 31, 2026:
- Total net revenues increased 9% to $2.19 billion, compared to $2.00 billion in fiscal 2025.
- Net income increased nearly 101% to $153.3 million, compared to $76.2 million in fiscal 2025.
- Interest income increased $18.0 million to $882.5 million, an increase of 2% compared to the prior year.
- Net profit from securities trading was $158.8 million, an increase of $216.6 million, or 375%, primarily due to the sale of Kazakh corporate debt securities.
- Net gain from derivatives was $66.8 million, an increase of $54.4 million, or 438%, primarily due to the positive revaluation of foreign currency swaps.
- Fee and commission income was $489.8 million, down $15.3 million, or 3%, primarily due to lower banking income.
- Net revenues from insurance activities decreased by 29% compared to the same period of the previous year, reaching $402.4 million. The impetus for this was changes in the legislation of Kazakhstan regarding life insurance of borrowers and payment of agency commissions to credit institutions.
- Revenue from goods and services increased $57.3 million to $97.4 million, an increase of 143%, primarily reflecting expansion in communications following the acquisition of Freedom Cloud Holding.
- Total assets reached $13.16 billion as of March 31, 2026, up 33% from $9.92 billion at the end of the previous fiscal year. This increase was supported by the growth in the company’s investment portfolio and the increase in customer balances in brokerage accounts.
- Diluted EPS was $2.51 and basic EPS was $2.56 for the fiscal year.
CEO Comment
“We finished the year with record revenues and doubled net income, despite significant investment in developing the Freedom ecosystem,” said Timur Turlov, founder and CEO of Freedom Holding Corp. “Our rapidly growing customer base underscores the strength of our strategy: building enterprise infrastructure not around individual products, but around solving everyday customer needs.” Today, the daily audience of Freedom SuperApp exceeds 2.5 million people, compared to just over 1 million a year ago, while total users exceed 5 million. We believe the solutions we have implemented in can Kazakhstan is going global across the markets in which Freedom operates.
Customer and ecosystem growth
Freedom SuperApp, the company’s leading comprehensive platform for consumer banking, payments, insurance, government and lifestyle services, reached over 5 million users by March 2026. Monthly active users reached 2.59 million in March 2026, compared to 1.02 million in March 2025.
The SuperApp integrates traditional banking services with services for insurance contracts, event tickets, grocery and consumer goods delivery, airline tickets, travel packages, loyalty rewards, e-commerce, health services and a wide range of government services.
Banking momentum
Freedom Bank Kazakhstan has continued to serve as a key component of the company’s ecosystem strategy. As of March 31, 2026, the banking sector reported combined assets of US$5.36 billion, up 21% year-on-year. The loan portfolio for this sector increased by 29% to reach $2.05 billion, while the deposit portfolio increased by 46% to reach $2.52 billion.
Freedom also continued to expand its regional banking platform. The company signed an agreement with Ozyol Holding Company and the National Bank of Kuwait to acquire approximately 99.32% of Turkish Bank AS, subject to obtaining regulatory approval and other customary conditions. The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market also granted Freedom Bank permission to establish a subsidiary bank in Georgia.
Brokerage growth and market access
Freedom’s brokerage business has continued to benefit from client growth and demand for access to international capital markets. As of March 31, 2026, the brokerage’s client accounts had increased to 858,000, reflecting continued organic growth.
During fiscal year 2026, Freedom also expanded its brokerage footprint. Freedom Broker Global Markets Ltd., the company’s subsidiary in the United Arab Emirates, has obtained a brokerage license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market. In March 2025, Freedom Holding also obtained a license to conduct brokerage activities in Türkiye.
Expansion of digital, communications, cloud and media infrastructure
Freedom has continued to develop complementary digital infrastructure and lifestyle businesses designed to enhance customer engagement and expand the reach of its ecosystem. The company’s other segment includes payment processing, e-commerce, online ticketing, travel aggregation, telecommunications, cloud services, and media initiatives.
Freedom Telecom is developed as a telecommunications company in Kazakhstan, while Freedom Cloud provides cloud infrastructure and related services to internal and external customers. Freedom Media is being developed as a live streaming and media platform for Kazakhstan and the wider Central Asia region.
Freedom Holding Corp. announced. The Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan announced plans to create a sovereign AI infrastructure from NVIDIA with expected investments of $2 billion. As part of this initiative, Freedom Holding Corp. The Government of Kazakhstan and OpenAI have a strategic agreement under which 165,000 teachers in Kazakhstan will gain access to ChatGPT Edu, an education-focused version of ChatGPT with enhanced privacy and data management features.
Key corporate developments
S&P Global Ratings revised the outlook on JSC Freedom Finance, Freedom Finance Global PLC, Freedom Finance Europe Ltd. and JSC Freedom Bank Kazakhstan from stable to positive and affirmed the long- and short-term ratings at B+/B, citing strengthened risk management and compliance systems.
Moody’s has assigned Freedom Bank Kazakhstan ratings with a stable outlook, including Long-Term Local and Foreign Currency Deposit Ratings of Ba3, Baseline Credit Rating of b1, Modified Baseline Credit Rating of b1, Long-Term Counterparty Risk Rating of Ba2, and Long-Term Counterparty Risk Rating of Ba2.
BlackRock, Morgan Stanley and JPMorgan increased their stakes in Freedom Holding Corp. BlackRock remains the company’s largest institutional shareholder.
Shares of Freedom Holding Corp. are listed. In the Moneyball portfolio compiled by The Motley Fool.
Freedom Holding Corp. is listed. In the Russell 3000 Index, which tracks more than 3,000 of the largest U.S. companies and represents about 98% of the investable U.S. stock market.
A case study on developing the Freedom Ecosystem is included in the MBA program at Stanford Graduate School of Business and has become part of the university’s educational library for students, faculty, and participants in the International Business Program.
During the reporting period, Freedom Holding allocated $10.026 million to the Kazakh Chess Federation and $10.7 million to the Youth Football League. Its sponsorship activities also extend to education, digital technology, culture and science.
Global team
As of March 31, 2026, Freedom Holding Corp. 11,846 people in its areas of operations, including 10,830 in Central Asia, 334 in Europe, 627 in the Middle East, and 55 in the United States.
About Al Hurriya Holding Company
Freedom Holding Corp. offers Financial services in 22 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, insurance companies Freedom Life and Freedom Insurance, as well as the lifestyle segment that includes Arbuz.kz, Freedom Ticketon and Freedom Travel. Freedom Holding Corp’s shares are traded on the US technology exchange NASDAQ, the Kazakh Stock Exchange (KASE), and the Astana Stock Exchange.
International Stock Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and its common stock is included in the Russell 3000 Index.
communication
Head of Public Relations
Natalia Kharlashina
Freedom Holding Company
(email protected)
+77013641454
