Freedom Holding Corp. reports 40% revenue growth in Q1 FY2027

Business Freedom Holding Corp. reports 40% revenue growth in Q1 FY2027 Freedom Holding Corp. 1 Relevant News Freedom Holding Corp. reports 40% revenue growth in Q1 FY2027 12 August 2026 Columbia lawsuit alleges biased disciplinary hearings against Palestinians 12 August 2026 Pentagon says US strikes killed 153 civilians in 2025 12 August 2026 Advertorial 12 August 2026 FacebookXWhatsAppEmailPrintViber Freedom Holding Corp. (Nasdaq: FRHC), the parent company of Freedom24, has announced its financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026. The company reported total net revenue of $732.5 million, up 40% year on year from $524.0 million in the same period last year. Net income for the quarter stood at $31.7 million, or $0.52 per diluted share, compared with $37.4 million, or $0.61 per diluted share, a year earlier. Total assets increased to $14.0 billion, up from $13.2 billion as of March 31, 2026, while the total number of customers across the group’s banking, brokerage, insurance and other segments rose to 8,743,000. Key highlights for the period: Total net revenue of $732.5 million, up 40% year on year Net income of $31.7 million for the quarter Basic and diluted earnings per share of $0.52 Total assets of $14.0 billion, up from $13.2 billion as of March 31, 2026 Total customers across banking, brokerage, insurance and other segments reaching 8,743,000 S&P Global Ratings raising the long-term issuer credit ratings of key Freedom Holding Corp. subsidiaries to “BB-” from “B+” The company’s performance was driven primarily by strong growth in its brokerage and banking businesses. Brokerage revenue increased by 60% to $282.6 million, supported by higher fee and commission income and increased interest income. The number of retail brokerage customers rose to 874,000, compared with 858,000 as of March 31, 2026. Banking revenue grew by 54% to $225.2 million, driven mainly by foreign exchange operations, gains on trading securities, higher unrealized gains from the fair value of securities and increased interest income. The total number of banking clients reached 5.4 million, compared with 5.0 million at the end of the previous quarter. “Our results this quarter reflect the continued strength and momentum of our business across the Freedom ecosystem,” said Timur Turlov, Founder and CEO of Freedom Holding Corp. “We saw meaningful growth in revenue and in our customer base, underscoring the durability of our diversified model as we continue to expand into new markets and new lines of business.” Turlov added that the company’s digital fintech strategy remains a key driver of growth: “The Freedom SuperApp continues to bring our financial and lifestyle services together into a single, seamless experience for our customers. As customers can move between products effortlessly, and our platform anticipates their needs through data and AI, we build deeper relationships and deliver more value with greater efficiency.” During the quarter, Freedom Holding Corp. continued to strengthen its digital ecosystem. On June 1, 2026, the company acquired 100% of ChessBase GmbH, one of the world’s oldest and largest platforms specialising in chess software, analytics and database solutions. In June, S&P Global Ratings raised the long-term issuer credit ratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC and Freedom Bank Kazakhstan JSC from “B+” to “BB-“, with stable outlooks. The upgrade reflects the group’s continued progress in strengthening its financial discipline, risk management and compliance framework. Subscribe to our Newsletter Latest News Columbia lawsuit alleges biased disciplinary hearings against Palestinians Pentagon says US strikes killed 153 civilians in 2025 Presidential pardon frees 68 prisoners for August 15 holiday Eclipse craze grips Spain, Iceland as millions get set for ‘event of the century’ Norway wealth fund posts record $184 bln profit in first half of 2026 Rain pounds Beijing as Typhoon Dolphin sweeps through China Ukraine halts strikes on tankers using Russian port at US request, FT says Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.