Freedom Holding Corp. reported a 17% increase in total revenue for Q1 FY 2026 and announced its strategic acquisition of Astel Group Ltd., enhancing its telecommunications capabilities and market presence.

Target Company Overview

Freedom Holding Corp. (Nasdaq: FRHC) is a multinational diversified financial services holding company with operations in 22 countries. As of June 30, 2025, the Company reported a remarkable total revenue of $533.4 million for the first quarter of fiscal year 2026, representing a 17% increase compared to $455 million in the same quarter of the previous year. This growth trajectory highlights a robust performance across its brokerage, banking, and insurance segments.

In this quarter, Freedom Holding Corp. achieved a net income of $30.4 million, translating to $0.50 per diluted share. The Company reported total assets of $9.7 billion and an impressive client base of 5.3 million customers by the end of the quarter, marking a nearly 5% increase from the preceding quarter. The Company's strong performance and its recent addition to the Russell 3000® Index serve to elevate its profile in the investment community, demonstrating its commitment to growth and market expansion.

Industry Overview in Kazakhstan

Kazakhstan’s financial services sector has seen significant developments in recent years, driven by regulatory reforms and technological advancements. The country has made strides in modernizing its banking and financial systems to be