Freedom Holding Corp. achieved a 17% revenue growth in Q1 FY2026, driven by strong performance in its banking and insurance segments, following its acquisition of Astel Group Ltd to enhance its telecom infrastructure.

Information on the Target

Freedom Holding Corp. (Nasdaq: FRHC) is a diversified financial services and technology group offering a wide range of financial products and services across 22 countries, including Kazakhstan, the United States, and various European nations. With its principal executive office in New York City, the company operates through multiple business segments, including banking, insurance, brokerage, and lifestyle services, thereby establishing a robust financial ecosystem.

In the first quarter of fiscal year 2026, which ended on June 30, 2025, Freedom Holding reported significant financial growth. The company achieved a 17% year-over-year revenue growth, elevating its total revenue to $533.4 million. Notable growth was observed in its banking segment, which saw revenue increase by 60% to $146.2 million. The insurance sector also contributed to this uptrend, generating $174 million in revenue with client expansion noted across various segments.

Industry Overview in Kazakhstan

Kazakhstan's financial services sector has been growing steadily, bolstered by increasing investment in technology and infrastructure. The emergence of digital banking and fintech solutions in recent years has