New York, United States, June 24, 2026, FinanceWire
S&P Global Ratings has raised the ratings for several organizations a Freedom Holding Corp.Nasdaq is one of the world’s leading financial and technology companies. Ratings on Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC were upgraded to “BB-” with a stable rating.
S&P also upgraded Kazakhstan’s long-term ratings on Freedom Finance JSC and Freedom Bank Kazakhstan JSC to “kzA-.” Earlier, the agency confirmed that Kazakhstan has a sovereign credit rating of “kzAAA” at the national level and “BBB-” with a positive outlook. Ratings of Freedom Holding Corp. remained a “B-” with a consistent rating.
According to S&P, Freedom has shown a positive rise in risk management within its portfolio companies and across the group. S&P said this should allow the group to carefully monitor and manage risks within the growing business, including compliance, cybersecurity, reputation, regulatory and cryptocurrency risks.
The agency expects the group to remain financially stable over the next 12-24 months, despite continued investment in telecom and consumer lifestyle businesses. According to S&P, Liberty’s earnings metrics remain strong, with a three-year rate of return on investment-weighted assets averaging 2.2% from March 2024 to March 2026, which remains the highest in the world.
S&P also said that the financial and non-financial development of Freedom is not expected to put much pressure on Freedom Holding Corp.’s finances.
The organization also highlighted Freedom’s position as one of the leading companies in Kazakhstan’s fintech ecosystem, recognizing the team’s SuperApp mobile app. Monthly users of the program stood at about 2.6 million in March 2026.
In its update, S&P also considered Freedom Holding Corp.’s annual report. for fiscal year 2026. The company posted revenue of $2.19 billion and a doubling of net income of $153.3 million. Freedom also significantly expanded its customer base in major business sectors. The number of banking users doubled in the year to 5.03 million, while brokerage customers grew by 26% to 858,000 customers. In insurance and other sectors, Ufulu works for about 2.2 million people. Overall, the company’s digital customer base across all operating markets exceeded 14 million people by the end of fiscal year 2026.
“The growth of our digital environment beyond our region, where we have created a successful business model in a short period of time, is an important factor in our long-term development,” said Timur Turlov, CEO of Freedom Holding Corp. compete for global leadership. “
As of May 1, 2026, Freedom’s rental business in Europe reached 453,000 customers. Freedom has also announced plans to expand its banking and digital services in several international markets. In early June, the company said it had applied for a bank license in France and planned to invest €500 million in developing its digital ecosystem there. Freedom also expects to invest $300 million in expanding its operations in Turkey and has announced that it will acquire 99.32% of Turkey Bank shares. The company’s digital banking assistant has been operating in Tajikistan since October 2025, and in November 2025, Kazakhstan’s financial regulator granted Freedom permission to open a bank in Georgia.
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 system, which includes Freedom Bank, Freedom Broker, Freedom Life and Freedom insurance companies, and the life sector with Arbuz.kz, Freedom Ticketon, and Aviata. 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 the common stock is included in the Russell 3000 Index.
Contact
Director of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
(email protected)
+77013641454
