The doubling of net income and record revenue confirm strong execution of the ecosystem strategy, with customer growth across all segments. Watch for regulatory approvals on the Turkish Bank A.S. acquisition and continued expansion in UAE/Georgia. The $2B sovereign AI infrastructure partnership with NVIDIA and OpenAI adds a long-term growth catalyst. S&P outlook revision to positive and Moody's ratings support credit profile.
Price Chart
Executive Summary
Freedom Holding Corp. reported record fiscal 2026 revenue of $2.19B (+9% YoY) and net income of $153.3M (+101% YoY), driven by strong gains on trading securities and derivatives. The company continues to expand its integrated financial/tech ecosystem, with brokerage customers up 26% to 858K and banking customers doubling to 5.03M, while pursuing international expansion in Turkey, UAE, and Georgia.
Key Financial Metrics
Key Facts
- Total revenue, net reached a record $2.19B, up 9% YoY from $2.00B
- Net income doubled to $153.3M, up ~101% from $76.2M
- Diluted EPS was $2.51; basic EPS was $2.56
- Brokerage customers grew 26% to 858,000; banking customers doubled to 5.03M
- Net gain on trading securities surged 375% to $158.8M, primarily from sale of Kazakhstan corporate debt
- Net gain on derivatives rose 438% to $66.8M, driven by foreign-currency swap revaluation
- Fee and commission income fell 3% to $489.8M; insurance revenue dropped 29% to $402.4M due to legislative changes
- Total assets grew 33% to $13.16B
- S&P revised outlook on key subsidiaries to positive; Moody's assigned Freedom Bank Kazakhstan ratings with stable outlook
- Company signed agreement to acquire ~99.32% of Turkish Bank A.S., subject to regulatory approval
- Freedom SuperApp reached 5M+ users with 2.59M monthly active users in March 2026
- BlackRock, Morgan Stanley, and J.P. Morgan increased holdings in the company
Financial Impact
Revenue $2.19B, net income $153.3M, diluted EPS $2.51, total assets $13.16B
Risk Factors
- Insurance revenue declined 29% due to Kazakhstan legislative changes — structural headwind
- Fee and commission income down 3% on lower banking-service income
- Geopolitical and regulatory risks in Kazakhstan and Central Asia
- Integration risk from multiple acquisitions (Turkish Bank, telecom, cloud)
- Foreign-currency exposure from derivative revaluations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3304855 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 7w ago | Insider Cluster | $171.87 | awaiting T+60 | — | $174.04 (+1.26%) |
Sep 1, 2026 7w ago | Insider Cluster | $171.87 | awaiting T+60 | — | $174.04 (+1.26%) |
Aug 28, 2026 8w ago | Insider Cluster | $175.01 | awaiting T+60 | — | $174.04 (−0.55%) |
Aug 21, 2026 9w ago | Insider Cluster | $157.41 | awaiting T+60 | — | $174.04 (+10.56%) |
Aug 10, 2026 11w ago | Press Release | $150.00 | awaiting T+60 | — | $174.04 (+16.03%) |
Jul 1, 2026 16w ago | Press Release | $157.11 $176.37 | ▲ +12.26% | ▲ +9.30% | $174.04 (+10.78%) |
Jun 29, 2026 17w ago | 8-K | $130.47 $172.73 | ▲ +32.39% | ▲ +28.83% | $174.04 (+33.39%) |
Jun 25, 2026 17w ago | Press Release | $129.06 $164.48 | ▲ +27.44% | ▲ +23.71% | $174.04 (+34.85%) |
Jun 24, 2026 17w ago | Insider Cluster | $129.06 $164.48 | ▲ +27.44% | ▲ +23.71% | $174.04 (+34.85%) |
Jun 11, 2026 19w ago | Institutional Cluster | $140.39 $164.54 | ▲ +17.21% | ▲ +12.81% | $174.04 (+23.97%) |
US Market Status
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