Bullish indicating open at $55-$60, IPO prices at $37
NEW YORK - Freedom Holding Corp. (NASDAQ:FRHC) reported first quarter fiscal 2026 earnings that showed solid revenue growth, driven by the company’s expanding customer base and insurance segment performance.
The company’s shares were up 3.05% in after hours trading following the release.
The multinational financial services holding company posted revenue of $533.4 million for the quarter ended June 30, 2025, representing a 17% increase from $455 million in the same period last year. Net income came in at $30.4 million, or $0.50 per diluted share, compared to $34.4 million, or $0.57 per diluted share, in the year-ago quarter.
The company’s insurance segment was a standout performer, with revenue rising 18% to $174 million, driven by improved insurance premiums earned from written insurance premiums. The banking segment saw revenue jump 60% to $146.2 million, primarily due to gains in trading securities.
"Our results for the fiscal 2026 first quarter reflect the continuing growth and evolution of our business model," said Timur Turlov, the company’s founder and CEO. "We have expanded our product portfolio, embraced the digital transformation of our platform, and strengthened our market presence."
Freedom Holding’s total customer base expanded to 5.3 million across its segments, representing nearly a 5% increase from March 31, 2025. The company was also added to the Russell 3000® Index on June 27, 2025, enhancing its visibility among investors.
Total (EPA:TTEF) assets stood at $9.7 billion as of June 30, 2025, compared to $9.9 billion at the end of the previous quarter. The company completed the acquisition of Astel Group Ltd, a telecommunications services provider, for $22.3 million on April 30, 2025, as part of its strategy to develop its telecommunications business.
Operating expenses increased to $492.9 million from $413.4 million in the prior-year period, reflecting the company’s continued investments in growth initiatives and expansion across its 22-country footprint.
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