Freedom Holding Corp (FRHC) Q4 2026 earnings summary

Executive summary

• Digital ecosystem spans 12 businesses, including brokerage, banking, insurance, telecom, e-commerce, and media, with over 8.1 million clients and operations in 22 countries.

• 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.

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

• Equity stood at $1.5 billion, with a workforce exceeding 11,800 employees across 230 offices.

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

Financial highlights

• Revenue for FY2026 was $2,191 million, up 9% year-over-year; net income was $153 million.

• Total assets grew 33% year-over-year to $13.2 billion; liabilities increased 34% to $11.7 billion.

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

• Interest income was $882 million, fee and commission income $490 million, and net insurance revenue $402 million.

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

Outlook and guidance

• Management highlights ongoing digital expansion, ecosystem integration, and geographic growth, particularly in Central Asia and Europe.

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

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

• Forward-looking statements caution significant risks and uncertainties, including regulatory and market factors.