ÐÓ°ÉÔ­´´. reports 17% revenue growth in Q1 FY2026 driven by strong insurance and banking segments

NEW YORK, Aug. 9, 2025 /PRNewswire/ -- ÐÓ°ÉÔ­´´. (Nasdaq: FRHC),Ìýa diversified financial services and technology group, today announced its unaudited financial results for the first quarter of fiscal year 2026, ended June 30, 2025.ÌýFRHCÌýreported a 17% year-over-year increase in revenue, reaching $533.4 million, highlighting the strength and expansion of its multi-segment business model across emerging and developed markets.

"Our Q1 results reflect strong momentum across our core verticals and confirm the resilience of our diversified ecosystem," said Timur Turlov, Chief Executive Officer of ÐÓ°ÉÔ­´´. "We are continuing to invest in technology, expand our offerings, and deepen our presence in key markets, particularly in Central Asia and Europe."

Q1 FY2026 key financial highlights:

  • °Õ´Ç³Ù²¹±ôÌý°ù±ð±¹±ð²Ô³Ü±ð:Ìý$533.4Ìý³¾¾±±ô±ô¾±´Ç²ÔÌý(+17%Ìý³Û´Ç³Û)
  • Net income attributable to common shareholders:Ìý$30.4 million, or $0.50 per diluted share
  • °¿±è±ð°ù²¹³Ù¾±²Ô²µÌý³¦²¹²õ³óÌý´Ú±ô´Ç·É:Ìý$480.8Ìý³¾¾±±ô±ô¾±´Ç²Ô
  • °Õ´Ç³Ù²¹±ôÌý²¹²õ²õ±ð³Ù²õ:Ìý$9.69Ìý²ú¾±±ô±ô¾±´Ç²Ô
  • ³§³ó²¹°ù±ð³ó´Ç±ô»å±ð°ù²õ'Ìý±ð±ç³Ü¾±³Ù²â:Ìý$1.23Ìý²ú¾±±ô±ô¾±´Ç²Ô

The company reported a 60% increase in banking segment revenue to $146.2 million, with Freedom Bank Kazakhstan's customer base expanding from 2.5 million to 2.9 million. The insurance segment was another strong contributor to revenue growth, with revenue surging by 18% to $174 million and insurance premiums earned, net of reinsurance reaching $153.3 million. The insurance client base grew to 1.4 million people.

Revenue from brokerage segment amounted to $176.3 million, marking a 1% year-on-year increase. The number of brokerage accounts increased from 683,000 to 725,000, driven by organic growth.

TheÌýbusiness unitsÌý(including lifestyle and telecoms businesses) contributed $36.9 million in revenue, reflecting the ongoing growth of Arbuz.kz, FreedomÌýTicketon,ÌýAviata, and Freedom Telecom.

Net gain on trading securities also had a positive impact on financial results, amounting to $45.6 million over the three-month period ended June 30, 2025, compared to a net loss of $52.1 million for the same period in 2024.ÌýThe majority ofÌýthe profit was related to the increase in the market value of Kazakhstan government bonds included in the group's proprietary portfolio.

Cost dynamics and strategic investments

During the quarter, Freedom Holding completed the acquisition ofÌýAstelÌýGroup Ltd, thereby strengthening its telecoms infrastructure under the Freedom Telecom brand.Ìý

Total company expenses for the quarter amounted to $492.9 million, reflecting the scale of ongoing business operations. Key components includedÌý$113.4 million in interest expense,Ìý$84.9 million in fee and commission expenses, $93.1 million in payrollÌýand bonuses,Ìýand $24.5 million inÌýadvertising andÌýsponsorship expenses directed toward high-impact social investments. These expenditures are viewed as strategic contributions supporting the Company's continued expansion and long-term growth.

Despite higher costs and foreign exchange headwinds, the group maintained a net profit of $30.4 million, withÌýdilutedÌýearnings per share (EPS) of $0.50.

µþ²¹±ô²¹²Ô³¦±ðÌý³§³ó±ð±ð³ÙÌý±á¾±²µ³ó±ô¾±²µ³ó³Ù²õ

  • °ä²¹²õ³óÌý²¹²Ô»åÌý³¦²¹²õ³óÌý±ð±ç³Ü¾±±¹²¹±ô±ð²Ô³Ù²õ:Ìý$567.9Ìý³¾¾±±ô±ô¾±´Ç²Ô
  • Restricted cash:Ìý$1.1 billion (mainly for client accounts)
  • ±õ²Ô±¹±ð²õ³Ù³¾±ð²Ô³ÙÌý²õ±ð³¦³Ü°ù¾±³Ù¾±±ð²õÌý±è´Ç°ù³Ù´Ú´Ç±ô¾±´Ç:Ìý$2.8Ìý²ú¾±±ô±ô¾±´Ç²Ô
  • Loan portfolio:Ìý$1.75 billion, including $231.7 million to related parties

ÐÓ°ÉÔ­´´ ÐÓ°ÉÔ­´´.

ÐÓ°ÉÔ­´´. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive officeÌýis located inÌýNew York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, FreedomÌýTicketon, andÌýAviata. ÐÓ°ÉÔ­´´. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. ÐÓ°ÉÔ­´´. is regulated by the U.S. Securities and Exchange Commission (SEC) and isÌýincluded onÌýtheÌýRussell 3000 Index.

Contact

Public relations
Natalia Kharlashina
ÐÓ°ÉÔ­´´.
prglobal@ffin.kzÌý

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