Revenue of Freedom Holding Corp. Timura Turlova almost doubled in the third quarter of fiscal year 2026

Freedom Holding Corp., headed by entrepreneur Timur Turlov, significantly increased revenue and net profit in the third quarter of fiscal year 2026. This follows from the materials published on the company's website.

In the reporting period, the company's revenue reached $628.6 million, which is higher than in the previous quarter ($526.1 million). Net profit almost doubled, from $38.7 million to $76.2 million. In nine months, revenue amounted to $1.69 billion.

Diluted earnings per share (EPS) reached $1.25 for the quarter and $2.38 for the nine months. The total assets of the holding at the end of the third quarter amounted to $12.38 billion, which is 25% more than at the end of the previous fiscal year ($9.91 billion).

The growth of assets is due to several factors: an increase in the volume of its own investment portfolio and an increase in customer balances on brokerage accounts.

Freedom Holding's customer base has reached 11 million

In addition to the positive financial results of Freedom Holding Corp. demonstrates strong growth of the customer base. The total number of clients of the companies included in the holding reached 7.2 million people. Growth was noted in all business segments:

• The number of brokerage accounts increased by 145 thousand and reached 828 thousand.;
• the customer base of insurance companies has grown to 1.2 million people (an increase of 8 thousand);
• The number of users of banking services amounted to 4.5 million (an increase of 1,956 thousand).;
• The audience of Freedom SuperApp has grown to 4.3 million people (an increase of 1.2 million);
• The number of clients of non-financial companies reached 697 thousand (an increase of 92 thousand).

Taking into account the users of partner companies located within the Freedom ecosystem, the total number of clients exceeds 11 million people. The company notes that these indicators may indicate growing trust in the brand and the effectiveness of the ecosystem development strategy.

The interest of large investors

One of the significant events of last year was the participation of the American investment company BlackRock in the capital of Freedom Holding Corp. The investment company invested almost $89 million in Timur Turlov's holding company and became the second largest co-owner: its stake in Freedom Holding Corp. it reached 0.85%. During the quarter, the company increased its position by 443,965 shares, bringing the total number to 520,565.

Other shareholders of Freedom Holding include State Street Corp., Grace Partners of DuPage L.P. and Geode Capital Management. State Street Corp. invested $31.9 million (the increase in shares was 138,017, the total number was 186,779), Grace Partners of DuPage L.P. invested about $31.5 million, Geode Capital Management invested $27.3 million.

Experts agree that the presence of large investors may indicate what they see in Freedom Holding Corp. a reliable and promising investment destination.

Assessment of the S&P Global Ratings rating agency

The rating agency S&P Global Ratings has revised the forecast for key companies in the structure of Freedom Holding Corp., changing it from "stable" to "positive". Long-term and short-term credit ratings of "B+/B" have been confirmed for Freedom Finance, Freedom Finance Europe, Freedom Finance Global and Freedom Bank Kazakhstan.

The agency's report notes that the long-term rating is "B-" for the Freedom Holding Corp. holding company. confirmed, but the forecast remained stable. In addition, S&P Global Ratings upgraded the ratings on the Kazakh national scale for Freedom Finance and Freedom Bank Kazakhstan from kzBBB to kzBBB+ (these ratings have no forecast). S&P Global Ratings notes the rapid growth in the number of clients in the ecosystem of Freedom Holding Corp. and increased cross-selling through loyalty programs.

According to analysts, the group maintains its leading position in retail brokerage in Kazakhstan and expands its customer base in Europe and the CIS. The agency stated that Freedom is currently the largest retail and institutional broker in Kazakhstan, serving about half of the market.