New York, United States, June 2nd, 2026, FinanceWire
The company is moving forward with international expansion and integration into finance, insurance, consumer and environmental technology
Freedom Holding Corp. (Nasdaq: FRHC), a multinational investment and technology company, today announced financial results for its fiscal year ended March 31, 2026. The company maintained strong trading results and demonstrated the strength of its diverse business practices, which bring together financial services, insurance, consumer services and technology businesses within one integrated environment.
In fiscal year 2026, total revenue increased from $76.2 million to $153.3 million, representing a nearly 101% year-over-year growth. Total revenue, total revenue reached $2.19 billion, compared to $2.00 billion in fiscal 2025. Since the company’s listing on Nasdaq in 2019, total revenue has increased more than 26 times.
Liberty’s customer base continued to grow at large businesses. Business customers rose from 683,000 to 858,000, while bank customers increased from 2.52 million to 5.03 million. The insurance business served approximately 1.1 million customers, and customers in other business segments increased 83% to approximately 1.1 million.
Fiscal 2026 financial highlights
For the financial year ended March 31, 2026:
- Net income, total revenue increased 9% to $2.19 billion, compared to $2.00 billion in fiscal 2025.
- Total revenue increased nearly 101% to $153.3 million, compared to $76.2 million in 2025.
- Net interest income increased by $18.0 million to $882.5 million, an increase of 2% compared to last year.
- Net gain on commercial securities was $158.8 million, up $216.6 million, or 375%, primarily due to the sale of Kazakhstan corporate bonds.
- Net interest on derivatives was $66.8 million, an increase of $54.4 million, or 438%, primarily due to the revaluation of foreign currency exchange.
- Net income was $489.8 million, a decrease of $15.3 million, or 3%, primarily due to lower banking income.
- Net income from insurance decreased 29% compared to the same period last year, to $402.4 million. This was driven by changes in Kazakhstan’s laws on creditor life insurance and the payment of agency commissions to credit unions.
- Revenue from goods and services increased by $57.3 million to $97.4 million, an increase of 143%, reflecting the growth of telecommunications following the acquisition of Freedom Cloud Holding.
- Total assets reached $13.16 billion as of March 31, 2026, up 33% from $9.92 billion at the end of the previous fiscal year. The increase was supported by the company’s financial growth and the number of clients in brokerage accounts.
- Diluted earnings per share were $2.51 and basic earnings per share were $2.56 for the fiscal year.
CEO’s statement
“We ended the year with high revenues and earnings, even though we spent a lot of money on developing the Freedom ecosystem,” said Timur Turlov, Founder and Chief Executive Officer of Freedom Holding Corp. “Our rapidly growing customer base proves the strength of our approach: building infrastructure in organizations not around a single product, but by addressing the needs of customers every day. million. We believe that the solutions we have implemented in Kazakhstan can be found in all markets where Freedom operates.
Customer Growth and Ecosystem
Freedom SuperApp, a popular platform for banking, payments, insurance, public services and life services, reached more than 5 million users by March 2026. Monthly users reached 2.59 million in March 2026, compared to 1.02 million in March 2025.
SuperApp combines traditional banking and insurance contract services, meeting tickets, grocery and delivery services, airline tickets, travel packages, loyalty rewards, online shopping, health services and several government services.
Banking Momentum
Freedom Bank Kazakhstan continued to operate as an integral part of the corporate ecosystem. As of March 31, 2026, the banking sector reported a combined revenue of $5.36 billion, up 21% year over year. The division’s loans rose 29% to $2.05 billion, while its deposit segment rose 46% to $2.52 billion.
Liberty also continued to expand its regional banking platform. The company signed an agreement with Ozyol Holding and the National Bank of Kuwait to acquire approximately 99.32% of Turkish Bank AS, subject to approval and other formalities. The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market also granted Freedom Bank a license to establish a subsidiary bank in Georgia.
Brokerage Growth and Market Access
Liberty’s leasing business continued to benefit from growing customer base and the need to access large international markets. As of March 31, 2026, customer accounts have increased to 858,000, reflecting continued organic growth.
In the 2026 financial year, Ufulu also expanded its sales area. Freedom Broker Global Markets Ltd., the company’s UAE subsidiary, received a brokerage license from the Abu Dhabi Global Market Financial Services Regulatory Authority. In March 2025, Freedom Holding Corp. it also received a license to do business in Turkey.
Development of Digital Infrastructure, Telecom, Cloud and Media
Liberty continued to develop additional digital tools and live businesses designed to enhance customer engagement and expand the use of its ecosystem. Other areas of the company include payment processing, e-commerce, online ticketing, travel integration, telecommunications, cloud services and media initiatives.
Freedom Telecom is being developed as a telecommunications business in Kazakhstan, where Freedom Cloud provides cloud infrastructure and related services to internal and external customers. Freedom Media is being developed as an advertising and media platform in Kazakhstan and the wider Central Asian region.
Freedom Holding Corp. and the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan announced plans to develop independent NVIDIA hardware at a cost of $2 billion. As part of this, Freedom Holding Corp., the Government of Kazakhstan and OpenAI signed an agreement whereby 165,000 teachers in Kazakhstan received ChatGPT Edu, a standard educational version of ChatGPT with enhanced privacy and data management.
Corporate Development
S&P Global Ratings revised its outlook on JSC Freedom Finance, Freedom Finance Global PLC, Freedom Finance Europe Ltd. and JSC Freedom Bank Kazakhstan from stable to good and affirming the long-term and short-term ratings at B+/B, citing strong risk management and compliance measures.
Moody’s has rated Freedom Bank in Kazakhstan on a stable basis, including local and foreign Ba3 long-term deposits, initial credit rating of b1, modified initial rating of b1, long-term counterparty risk assessment of Ba2 and long-term counterparty risk assessment of Ba2.
BlackRock, Morgan Stanley and JP Morgan increased their holdings in Freedom Holding Corp. BlackRock remained the company’s largest shareholder.
Shares of Freedom Holding Corp. was included in the Moneyball profile produced by The Motley Fool.
Freedom Holding Corp. it is included in the Russell 3000 Index, which tracks more than 3,000 of the largest US companies and represents approximately 98% of the US equity market.
Research on the development of the Freedom environment was included in the Stanford Graduate School of Business MBA program and became part of the university’s teaching library for students, teachers and participants in international business programs.
During the reporting period, Freedom Holding Corp. it gave $10.026 million to the Kazakhstan Chess Federation and $10.7 million to the youth soccer league. Its philanthropic activities also extend to education, digital technology, culture, and science.
Global Team
As of March 31, 2026, Freedom Holding Corp. It employs 11,846 people across all operating regions, including 10,830 in Central Asia, 334 in Europe, 627 in the Middle East and 55 in the United States.
Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal office is located in New York City. In Kazakhstan, Freedom is rapidly developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, Freedom Life and Freedom insurance companies, and a life division that includes Arbuz.kz, Freedom Ticketon, and Freedom Travel. Shares of Freedom Holding Corp. it is traded on the US technology market NASDAQ, Kazakhstan Stock Exchange (KASE), and Astana.
International Exchange (AIX) under the symbol FRHC. Freedom Holding Corp. it is regulated by the US Securities and Exchange Commission (SEC) and its common stock is included in the Russell 3000 Index.
Contact
Director of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
(email protected)
+77013641454
