Freedom Holding Corp Doubles Net Income to $153M with 9% Revenue Gain
FRHC•Freedom Holding Corp. fiscal 2026 net income rose 101% to $153.3 million and record revenue reached $2.19 billion, while total assets climbed 33% to $13.16 billion. Brokerage clients grew from 683,000 to 858,000 as banking customers jumped to 5.03 million and approval was secured to acquire Turkish Bank A.S.
1. Fiscal 2026 Financial Results
Freedom Holding Corp. reported net income of $153.3 million for the year ended March 31, 2026, up 101% from $76.2 million. Total revenue rose 9% to a record $2.19 billion and interest income climbed to $882.5 million, driven in part by a 375% jump in trading securities gains.
2. Customer Base Expansion
Brokerage accounts increased from 683,000 to 858,000, while banking customers more than doubled to 5.03 million. Insurance revenues declined 29% to $402.4 million due to regulatory changes, but revenue from goods and services surged 143% to $97.4 million following the acquisition of a telecommunications business.
3. International Growth Initiatives
The company secured regulatory approval to acquire approximately 99.32% of Turkish Bank A.S. and obtained permission to establish a subsidiary bank in Georgia. Expansion in the UAE continued as the UAE arm received a brokerage license from the Abu Dhabi Global Market authority.
4. Ecosystem and Digital Infrastructure
Freedom SuperApp surpassed 5 million users and 2.59 million monthly actives, integrating banking, insurance, payments and lifestyle services. The company also announced a $2 billion AI infrastructure project with the Kazakh government and OpenAI, and is developing telecom, cloud and media ventures.
