{"success":true,"data":{"pressRelease":{"id":"114090","rtpr_id":"nGNX9QFCDD","ticker":"FRHC","exchange":"NASDAQ","all_tickers":["FRHC"],"title":"Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million","author":"Globe Newswire","published_at":"2026-08-10T12:57:48.035Z","article_body":"NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Revenue in the brokerage and\nbanking segments grew by 60% and 54%, respectively; total assets reached $14.0\nbillion as the company continued to expand its digital ecosystem and\ninternational banking presence\n\nFreedom Holding Corp. (https://www.freedomholdingcorp.com/) (NASDAQ: FRHC), an\ninternational financial services and technology group, today announced its\ncondensed consolidated financial results for the first quarter of fiscal year\n2027, covering the three months ended June 30, 2026.\n\nThe company’s net revenue increased by 40% to $732.5 million, compared with\n$524.0 million in the same period last year. Growth was driven primarily by\nthe brokerage and banking businesses, together with the continued expansion of\nFreedom’s telecommunications, payments, travel, and other digital services.\nAs of June 30, 2026, Freedom Holding Corp.’s total assets were $14.05\nbillion, compared with $13.16 billion as of March 31, 2026. Shareholders’\nequity increased to $1.54 billion, while cash and restricted cash totaled\n$2.82 billion at the end of the reporting period.\n\nFreedom Holding Corp. also expanded its digital ecosystem through the\nacquisition of ChessBase GmbH. A month after the reporting period, the company\ncompleted its acquisition of an approximately 99.32% stake in Turkish Bank\nA.Ş., further strengthening its international banking presence.\n\n“We have made a strong start to the new fiscal year, significantly\nincreasing revenue while continuing to deliver strong quarterly profits. This\nallows us not only to invest actively in the further development of the\nFreedom ecosystem, but also to expand it into new markets. We completed the\nacquisition of a bank in Turkey, where we will soon begin rolling out our\necosystem, which has already proven successful in Kazakhstan,” said Timur\nTurlov, founder and Chief Executive Officer of Freedom Holding Corp.\n\nKey Financial Results\n* Interest income increased by 49% to $295.1 million, driven by higher\ninterest income from margin lending, interest income on loans to customers,\nand securities portfolios.\n* Fee and commission income rose by 46% to $156.7 million, primarily driven by\nhigher brokerage activity and growth in brokerage service commissions. Net\ngains on trading securities increased by 75% to $79.8 million, reflecting\nhigher valuations of securities positions and gains from the sale of\nKazakhstan sovereign and corporate debt securities. \n* Total expenses increased by 45% to $691.7 million, compared with $476.5\nmillion a year earlier. The increase was driven mainly by higher insurance\nclaims and policyholder benefits, interest expense, payroll and bonuses, and\ngeneral and administrative expenses.\n* Net income for the quarter was $31.7 million, or $0.52 per diluted share,\ncompared with $37.4 million, or $0.61 per diluted share, a year earlier.\nBusiness Segment Results\n\nRevenue in the brokerage segment was up 60% to $282.6 million. This growth was\ndriven by higher client trading activity, increased fee and commission income,\nand greater use of margin financing. Meanwhile, revenue in the banking segment\nrose by 54% to $225.2 million. This reflected higher interest income, gains on\ntransactions in Kazakhstani government and corporate debt securities, and\nforeign exchange operations.\n\nRevenue in the Other segment doubled to $73.9 million due to the expansion of\nthe telecommunications business and increased activity across Arbuz and the\ncompany’s payment processing, travel and ticketing businesses.\n\nExpansion of the Customer Base and Banking Business\n\nAs of June 30, 2026, the banking segment served 5.447 million customers, up\nfrom 5.026 million as of March 31, 2026. The brokerage segment served 874,000\ncustomers, the insurance segment 924,000, and the Other segment 1.498 million.\n\nTotal assets in the banking segment increased by 12% during the quarter to\n$6.03 billion, while the deposit portfolio grew by 20% to $3.03 billion. The\nsegment’s trading portfolio increased by 31% to $2.27 billion.\n\nOn June 24, 2026, S&P Global Ratings raised the long-term issuer credit\nratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance\nGlobal PLC, and Freedom Bank Kazakhstan JSC from “B+” to “BB-.” The\noutlooks on all four entities are stable.\n\nAbout Freedom Holding Corp.\n\nFreedom Holding Corp. (https://www.freedomholdingcorp.com/) provides financial\nservices in 24 countries, including Kazakhstan, the United States, multiple EU\ncountries, Uzbekistan, and Armenia. The Company’s principal executive office\nis located in New York City. In Kazakhstan, Freedom is actively developing its\nfinancial and digital ecosystem, which includes Freedom Bank, Freedom Broker,\nthe insurance companies Freedom Life and Freedom insurance, as well as a\nlifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata.\nFreedom Holding Corp. shares are traded on the U.S. technology exchange\nNASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International\nExchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is\nregulated by the U.S. Securities and Exchange Commission (SEC) and the common\nstock is included in the Russell 3000 Index.\n\nContact\n\nHead of Public Relations\nNatalia Kharlashina\nFreedom Holding Corp.\nprglobal@ffin.kz\n+77013641454\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/8300ac6c-defe-40d1-b5a2-5631995a3a2f\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/749aaf13-ca11-4ded-8e55-fbd3b68aa1cf)\nFreedom Holding Corp. \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8300ac6c-defe-40d1-b5a2-5631995a3a2f/en)\nFreedom Holding Corp.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9QFCDD","title":"Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million","author":"Globe Newswire","ticker":"FRHC","created":"2026-08-10T12:57:48.035Z","tickers":["FRHC"],"exchange":"NASDAQ","article_body":"NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Revenue in the brokerage and\nbanking segments grew by 60% and 54%, respectively; total assets reached $14.0\nbillion as the company continued to expand its digital ecosystem and\ninternational banking presence\n\nFreedom Holding Corp. (https://www.freedomholdingcorp.com/) (NASDAQ: FRHC), an\ninternational financial services and technology group, today announced its\ncondensed consolidated financial results for the first quarter of fiscal year\n2027, covering the three months ended June 30, 2026.\n\nThe company’s net revenue increased by 40% to $732.5 million, compared with\n$524.0 million in the same period last year. Growth was driven primarily by\nthe brokerage and banking businesses, together with the continued expansion of\nFreedom’s telecommunications, payments, travel, and other digital services.\nAs of June 30, 2026, Freedom Holding Corp.’s total assets were $14.05\nbillion, compared with $13.16 billion as of March 31, 2026. Shareholders’\nequity increased to $1.54 billion, while cash and restricted cash totaled\n$2.82 billion at the end of the reporting period.\n\nFreedom Holding Corp. also expanded its digital ecosystem through the\nacquisition of ChessBase GmbH. A month after the reporting period, the company\ncompleted its acquisition of an approximately 99.32% stake in Turkish Bank\nA.Ş., further strengthening its international banking presence.\n\n“We have made a strong start to the new fiscal year, significantly\nincreasing revenue while continuing to deliver strong quarterly profits. This\nallows us not only to invest actively in the further development of the\nFreedom ecosystem, but also to expand it into new markets. We completed the\nacquisition of a bank in Turkey, where we will soon begin rolling out our\necosystem, which has already proven successful in Kazakhstan,” said Timur\nTurlov, founder and Chief Executive Officer of Freedom Holding Corp.\n\nKey Financial Results\n* Interest income increased by 49% to $295.1 million, driven by higher\ninterest income from margin lending, interest income on loans to customers,\nand securities portfolios.\n* Fee and commission income rose by 46% to $156.7 million, primarily driven by\nhigher brokerage activity and growth in brokerage service commissions. Net\ngains on trading securities increased by 75% to $79.8 million, reflecting\nhigher valuations of securities positions and gains from the sale of\nKazakhstan sovereign and corporate debt securities. \n* Total expenses increased by 45% to $691.7 million, compared with $476.5\nmillion a year earlier. The increase was driven mainly by higher insurance\nclaims and policyholder benefits, interest expense, payroll and bonuses, and\ngeneral and administrative expenses.\n* Net income for the quarter was $31.7 million, or $0.52 per diluted share,\ncompared with $37.4 million, or $0.61 per diluted share, a year earlier.\nBusiness Segment Results\n\nRevenue in the brokerage segment was up 60% to $282.6 million. This growth was\ndriven by higher client trading activity, increased fee and commission income,\nand greater use of margin financing. Meanwhile, revenue in the banking segment\nrose by 54% to $225.2 million. This reflected higher interest income, gains on\ntransactions in Kazakhstani government and corporate debt securities, and\nforeign exchange operations.\n\nRevenue in the Other segment doubled to $73.9 million due to the expansion of\nthe telecommunications business and increased activity across Arbuz and the\ncompany’s payment processing, travel and ticketing businesses.\n\nExpansion of the Customer Base and Banking Business\n\nAs of June 30, 2026, the banking segment served 5.447 million customers, up\nfrom 5.026 million as of March 31, 2026. The brokerage segment served 874,000\ncustomers, the insurance segment 924,000, and the Other segment 1.498 million.\n\nTotal assets in the banking segment increased by 12% during the quarter to\n$6.03 billion, while the deposit portfolio grew by 20% to $3.03 billion. The\nsegment’s trading portfolio increased by 31% to $2.27 billion.\n\nOn June 24, 2026, S&P Global Ratings raised the long-term issuer credit\nratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance\nGlobal PLC, and Freedom Bank Kazakhstan JSC from “B+” to “BB-.” The\noutlooks on all four entities are stable.\n\nAbout Freedom Holding Corp.\n\nFreedom Holding Corp. (https://www.freedomholdingcorp.com/) provides financial\nservices in 24 countries, including Kazakhstan, the United States, multiple EU\ncountries, Uzbekistan, and Armenia. The Company’s principal executive office\nis located in New York City. In Kazakhstan, Freedom is actively developing its\nfinancial and digital ecosystem, which includes Freedom Bank, Freedom Broker,\nthe insurance companies Freedom Life and Freedom insurance, as well as a\nlifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata.\nFreedom Holding Corp. shares are traded on the U.S. technology exchange\nNASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International\nExchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is\nregulated by the U.S. Securities and Exchange Commission (SEC) and the common\nstock is included in the Russell 3000 Index.\n\nContact\n\nHead of Public Relations\nNatalia Kharlashina\nFreedom Holding Corp.\nprglobal@ffin.kz\n+77013641454\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/8300ac6c-defe-40d1-b5a2-5631995a3a2f\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/749aaf13-ca11-4ded-8e55-fbd3b68aa1cf)\nFreedom Holding Corp. \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8300ac6c-defe-40d1-b5a2-5631995a3a2f/en)\nFreedom Holding Corp.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-10T12:57:48.109542992Z","server_sent_at_ms":1786366668109},"received_at":"2026-08-10T12:57:48.162Z","source_url":"https://www.globenewswire.com/news-release/2026/08/10/3341850/0/en/freedom-holding-corp-reports-40-increase-in-quarterly-revenue-to-732-5-million.html"},"analysis":{"id":"103092","press_release_id":"114090","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["Net income declined 15% YoY despite 40% revenue growth","Operating expenses surged 45%, driven by higher insurance claims","Acquisition of Turkish Bank A.Ş. completed after reporting period"],"eventType":"earnings","narrative":"Freedom Holding Corp. reported a 40% year-over-year increase in net revenue to $732.5 million, driven by strong growth in its brokerage and banking segments.\n\nDespite the top-line surge, net income fell 15% to $31.7 million as total expenses climbed 45%, primarily due to higher insurance claims and payroll costs.\n\nThe company expanded its ecosystem with the acquisition of ChessBase GmbH and a 99.32% stake in Turkish Bank A.Ş., while S&P Global Ratings upgraded its credit rating to BB-.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Revenue skyrocketed 40%, but surging costs crushed net income, raising questions about scalability."},"keyFigures":{"eps":0.52,"revenue":"$732.5 million","revenueYoy":"40%","customDimensions":{"net_income":31700000,"total_assets":14050000000,"total_expenses":691700000,"banking_revenue":225200000,"interest_income":295100000,"banking_deposits":3030000000,"brokerage_revenue":282600000,"shareholders_equity":1540000000,"cash_and_restrictions":2820000000,"fee_commission_income":156700000,"trading_securities_gains":79800000}},"quotedText":"We have made a strong start to the new fiscal year, significantly increasing revenue while continuing to deliver strong quarterly profits.","namedEntities":{"people":[{"name":"Timur Turlov","role":"Founder and Chief Executive Officer"},{"name":"Natalia Kharlashina","role":"Head of Public Relations"}],"products":["Freedom Bank","Freedom Broker","Freedom Life","Freedom insurance","Arbuz.kz","Freedom Ticketon","Aviata"],"companies":[{"name":"ChessBase GmbH","relationship":"acquired"},{"name":"Turkish Bank A.Ş.","relationship":"acquired"},{"name":"S&P Global Ratings","relationship":"credit rating agency"},{"name":"Freedom Finance JSC","relationship":"subsidiary"},{"name":"Freedom Finance Europe Ltd.","relationship":"subsidiary"},{"name":"Freedom Finance Global PLC","relationship":"subsidiary"},{"name":"Freedom Bank Kazakhstan JSC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$732.5 million","context":"Q1 2027 net revenue"},{"amount":"$524.0 million","context":"Q1 2026 net revenue"},{"amount":"$14.05 billion","context":"total assets as of June 30, 2026"},{"amount":"$13.16 billion","context":"total assets as of March 31, 2026"},{"amount":"$1.54 billion","context":"shareholders' equity"},{"amount":"$2.82 billion","context":"cash and restricted cash"},{"amount":"$295.1 million","context":"interest income"},{"amount":"$156.7 million","context":"fee and commission income"},{"amount":"$79.8 million","context":"net gains on trading securities"},{"amount":"$691.7 million","context":"total expenses"},{"amount":"$31.7 million","context":"Q1 2027 net income"},{"amount":"$37.4 million","context":"Q1 2026 net income"},{"amount":"$282.6 million","context":"brokerage segment revenue"},{"amount":"$225.2 million","context":"banking segment revenue"},{"amount":"$3.03 billion","context":"banking segment deposit portfolio"}]},"materialImpact":{"score":4,"reasoning":"Top-line growth is exceptional with revenue up 40%, but this is offset by a 15% decline in net income and a 45% surge in expenses, highlighting operational inefficiencies or cost inflation despite scaling."},"tickerRelevance":{"others":[],"primary":"FRHC"},"globalImportance":35,"audienceRelevance":25,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"earnings-mixed-signals","sectorWeight":"financials","marketCapAdjustment":"micro-cap-adjustment"}},"event_type":"earnings","event_type_secondary":["m_and_a"],"sentiment":"mixed","material_impact_score":4,"narrative":"Freedom Holding Corp. reported a 40% year-over-year increase in net revenue to $732.5 million, driven by strong growth in its brokerage and banking segments.\n\nDespite the top-line surge, net income fell 15% to $31.7 million as total expenses climbed 45%, primarily due to higher insurance claims and payroll costs.\n\nThe company expanded its ecosystem with the acquisition of ChessBase GmbH and a 99.32% stake in Turkish Bank A.Ş., while S&P Global Ratings upgraded its credit rating to BB-.","key_figures":{"eps":0.52,"revenue":"$732.5 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revenue"},{"amount":"$3.03 billion","context":"banking segment deposit portfolio"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-10T17:32:09.320Z","global_importance":35,"audience_relevance":25,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"earnings-mixed-signals","sectorWeight":"financials","marketCapAdjustment":"micro-cap-adjustment"}},"durationMs":113082,"modelName":"glm-4.7"}}