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Freedom Holding Corp. Reports First Quarter Fiscal Year 2026 Financial Results
NEW YORK--(BUSINESS WIRE)-- Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a
About this update from Freedom Holding Corp.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nFreedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 22 countries, today announced financial results for the first quarter of fiscal year 2026 ended June 30, 2025.\n\n\nHighlights during the quarter include the following:\n\n\n\n$533.4 million in total revenue, net, versus $455 million for the quarter ended June 30, 2024, a 17% increase\n\n\n\nNet income of $30.4 million, or $0.50 per diluted share, $0.51 per basic share\n\n\n\nTotal assets of $9.7 billion\n\n\n\nTotal customers across segments rose to 5.3 million at June 30, 2025\n\n\n\nAdded to the Russell 3000® Index on June 27, 2025\n\n\n\nS&P Global Ratings revised its outlook to Positive from Stable and affirms Credit Ratings for Freedom KZ, Freedom EU, Freedom Global, and Freedom Bank KZ\n\n\n\nFiscal First Quarter 2026 Financial Highlights:\n\n\nThe Company recognized total revenue, net of $533.4 million in the fiscal 2026 first quarter, an increase of 17% from $455 million in the comparable prior-year period. Revenue rose at the brokerage, banking, and insurance segments.\n\n\nInsurance premiums earned, net of reinsurance rose by 18% to $153.3 million from last year’s first quarter and the Company realized a net gain on trading securities of $45.6 million compared to a net loss of $52.1 million in last year’s fiscal first quarter.\n\n\nThe Company had a net gain on derivatives of $15.5 million in the fiscal 2026 first quarter, an increase of 24% from $12.5 million in last year’s first quarter due to revaluation of currency swaps.\n\n\nThe Company's total expense was approximately $492.9 million in fiscal 2026 first quarter as compared to $413.4 million in last year’s first quarter.\n\n\nNet income was $30.4 million for the fiscal 2026 first quarter compared to $34.4 million in the first quarter of fiscal 2025.\n\n\nBasic and diluted earnings per share were $0.51 and $0.50, respectively, compared to $0.58 and $0.57 per share, respectively, in last year’s first quarter.\n\n\nWeighted average common shares outstanding used to compute basic and diluted earnings per share for the quarter ended June 30, 2025 were 59.9 million and 61.1 million, respectively, and 59.3 million and 60.3 million, respectively, for the quarter ended June 30, 2024.\n\n\nTotal assets were ...