Freedom Holding Corp (FRHC) investor relations material

Executive summary

• Net income rose to $153.3 million from $76.2 million year-over-year, with revenue increasing to $2.19 billion from $2.0 billion.

• Customer base expanded significantly across banking, brokerage, and other segments, driven by digital ecosystem and SuperApp adoption.

• Strategic expansion included an agreement to acquire Turkish Bank A.S. and plans for a brokerage business in Türkiye.

• Continued investment in social projects, including sports, education, and cultural initiatives.

Financial highlights

• Total revenue, net, increased to $2,191.3 million from $2,004.2 million year-over-year.

• Net income more than doubled to $153.3 million from $76.2 million; EPS (basic) rose to $2.56 from $1.28.

• Income before income tax reached $226 million, up from $104.6 million.

• Net gain on trading securities was $158.8 million, up $216.6 million, mainly from Kazakhstan debt securities.

• Net insurance revenue declined 29% to $402.4 million due to regulatory caps and higher deferred profit liability expense.

Outlook and guidance

• Plans to use Turkish Bank A.S. as a core platform for financial services in Türkiye, pending regulatory approval.

• Intends to establish a fully operational brokerage business in Türkiye.

• Prospective development of a large-scale AI data center in Kazakhstan in partnership with NVIDIA and the Ministry of Digital Development.