Business
Freedom Holding Corp. reports 17% revenue growth in Q1 FY2026 driven by strong insurance and banking segments
NEW YORK, Aug. 9, 2025 /PRNewswire/ -- Freedom Holding Corp. (Nasdaq: FRHC), a diversified financial services and technology group, today announced its
About this update from Freedom Holding Corp.
[{"type":"text","content":"NEW YORK, Aug. 9, 2025 /PRNewswire/ -- Freedom Holding Corp. (Nasdaq: FRHC), a diversified financial services and technology group, today announced its unaudited financial results for the first quarter of fiscal year 2026, ended June 30, 2025. FRHC reported a 17% year-over-year increase in revenue, reaching $533.4 million, highlighting the strength and expansion of its multi-segment business model across emerging and developed markets.\n\n \n \n \n \n \n \n\n \n\"Our Q1 results reflect strong momentum across our core verticals and confirm the resilience of our diversified ecosystem,\" said Timur Turlov, Chief Executive Officer of Freedom Holding Corp. \"We are continuing to invest in technology, expand our offerings, and deepen our presence in key markets, particularly in Central Asia and Europe.\"\nQ1 FY2026 key financial highlights:\nTotal revenue: $533.4 million (+17% YoY)Net income attributable to common shareholders: $30.4 million, or $0.50 per diluted shareOperating cash flow: $480.8 millionTotal assets: $9.69 billionShareholders' equity: $1.23 billionThe company reported a 60% increase in banking segment revenue to $146.2 million, with Freedom Bank Kazakhstan's customer base expanding from 2.5 million to 2.9 million. The insurance segment was another strong contributor to revenue growth, with revenue surging by 18% to $174 million and insurance premiums earned, net of reinsurance reaching $153.3 million. The insurance client base grew to 1.4 million people.\nRevenue from brokerage segment amounted to $176.3 million, marking a 1% year-on-year increase. The number of brokerage accounts increased from 683,000 to 725,000, driven by organic growth.\nThe business units (including lifestyle and telecoms businesses) contributed $36.9 million in revenue, reflecting the ongoing growth of Arbuz.kz, Freedom Ticketon, Aviata, and Freedom Telecom.\nNet gain on trading securities also had a positive impact on financial results, amounting to $45.6 million over the three-month period ended June 30, 2025, compared to a net loss of $52.1 million for the same period in 2024. The majority of the profit was related to the increase in the market value of Kazakhstan government bonds included in the group's proprietary portfolio.\nCost dynamics and strategic investments\nDuring the quarter, Freedom Holding completed the acquisition of Astel Group...