NEW YORK, August 16, 2025 — Freedom Holding Corp. (Nasdaq: FRHC), under the leadership of CEO Timur Turlov, unveiled a robust 17% year-over-year revenue surge for the first quarter of fiscal year 2026, reaching $533.4 million.
This impressive performance, announced at the start of a promising year, underscores the company’s strength in blending traditional financial services with innovative digital solutions.
With significant growth in its banking and insurance segments, alongside steady brokerage results, Freedom Holding’s diversified strategy is driving its rise as a leading financial player in Central Asia, Eastern Europe, and beyond.
Banking Segment Leads with 60% Revenue Surge
The star of Freedom Holding’s Q1 FY2026 results is its banking division, led by Freedom Bank Kazakhstan, which reported a striking 60% revenue increase to $146.2 million for the quarter ending June 30, 2025. This leap was fueled by a customer base expansion from 2.5 million to 2.9 million, driven by user-friendly digital platforms and a cashback-based loyalty program that deepened client engagement.
The bank’s focus on accessible financial tools has resonated strongly in Kazakhstan, where digital banking adoption continues to accelerate. This growth aligns with Freedom’s mission to bridge financial access gaps in emerging markets, positioning it as a regional leader.
Insurance and Brokerage Strengthen Diverse Portfolio
Freedom Holding’s insurance segment also delivered strong results, posting an 18% revenue increase to $174 million, with $153.3 million from net earned premiums. The segment’s client base grew to 1.4 million, reflecting rising demand for its tailored insurance products.
Meanwhile, the brokerage arm, a cornerstone of Freedom’s operations, saw a modest 1% revenue uptick to $176.3 million, with client accounts climbing from 683,000 to 725,000. The company’s diversified ecosystem extends beyond finance, with ventures like Arbuz.kz (e-commerce) and Freedom Telecom contributing $36.9 million in revenue.
This multi-segment approach not only stabilizes earnings but also creates synergies that enhance customer retention and cross-selling opportunities.
Strategic Moves and Financial Resilience
Despite increased operating expenses of $492.9 million, including $24.5 million invested in advertising and sponsorships, Freedom Holding achieved a net profit of $30.4 million, with a diluted EPS of $0.50. The company’s strategic acquisitions, such as Astel Group Ltd. in April 2025, bolstered its telecom infrastructure, aligning with Turlov’s vision of an integrated digital financial ecosystem.
With total assets at $9.69 billion and shareholders’ equity at $1.23 billion, Freedom maintains a strong financial foundation. Its market capitalization, now at $6 billion, reflects investor confidence in its growth trajectory. Recent upgrades by S&P Global Ratings to a positive outlook for its subsidiaries further validate Freedom’s enhanced risk management and operational discipline.
A Bright Future for Freedom Holding
Freedom Holding’s Q1 FY2026 performance highlights its ability to navigate a competitive global landscape while capitalizing on emerging market opportunities. Timur Turlov’s leadership has been pivotal, blending innovation with strategic expansion to create a financial powerhouse.
As the company celebrates milestones like its fifth year on NASDAQ, its focus on digital transformation and client-centric services positions it for sustained growth. Investors and analysts are optimistic about Freedom Holding’s future, seeing it as a model for scaling financial services in underserved regions.
