Freedom Holding Corp. (NASDAQ:FRHC) reported strong first-quarter fiscal 2026 results, with revenue rising 17% year-over-year, fueled by growth in its customer base and insurance segment performance.
Shares rose 3.05% in after-hours trading following the earnings release.
For the quarter ended June 30, 2025, the multinational financial services firm posted revenue of $533.4 million, up from $455 million a year earlier. Net income was $30.4 million, or $0.50 per diluted share, compared to $34.4 million, or $0.57 per share, in the prior-year period.
The insurance division stood out with revenue increasing 18% to $174 million, driven by higher premiums earned. Meanwhile, the banking segment’s revenue soared 60% to $146.2 million, primarily thanks to gains from trading securities.
“Our fiscal 2026 first-quarter results demonstrate the ongoing growth and transformation of our business model,” said founder and CEO Timur Turlov. “We’ve broadened our product offerings, accelerated the digital transformation of our platform, and strengthened our market presence.”
Freedom Holding’s total customer base expanded nearly 5% to 5.3 million as of June 30, 2025. The company was also added to the Russell 3000® Index on June 27, enhancing its visibility with investors.
Total assets stood at $9.7 billion, slightly down from $9.9 billion at the previous quarter-end. As part of its expansion strategy, Freedom Holding completed the acquisition of telecommunications provider Astel Group Ltd for $22.3 million on April 30.
Operating expenses increased to $492.9 million from $413.4 million a year ago, reflecting continued investments in growth and expansion across its 22-country footprint.
Freedom Holding Corp stock price
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