New York, 10 February 2026 – Freedom Holding Corporation (NASDAQ: FRHC), a diversified financial services and technology company, has released its financial results for the nine months ending 31 December 2025, as well as for the third quarter of fiscal year 2026. The report highlights significant growth in total assets, shareholder equity, and cash flow, alongside a substantial expansion of its customer base.
As of 31 December 2025, the company’s total assets stood at $12.38 billion, marking a 25% increase over the previous fiscal year. This growth was primarily driven by an expanded investment portfolio and increased client funds in brokerage accounts. Shareholder equity rose to $1.40 billion, up from $1.21 billion at the end of the prior year, reflecting robust profitability and prudent capital management.
Key Financial Metrics
| Metric | Nine Months (Jan–Dec 2025) | Q3 FY2026 | Prior Year-End |
|---|---|---|---|
| Total Assets | $12.38 billion | – | $9.91 billion |
| Shareholder Equity | $1.40 billion | – | $1.21 billion |
| Net Income | $1.73 billion | $76.2 million | – |
| EPS (Diluted) | $2.38 | $1.25 | – |
| Total Revenue | $1.69 billion | $628.6 million | – |
| Cash & Cash Equivalents | $3.51 billion | – | $1.64 billion |
Cash Flow and Liquidity
Net cash generated from operating activities during the nine months reached $1.73 billion. By the end of December, cash and cash equivalents, including restricted cash, had nearly doubled to $3.51 billion, up from $1.64 billion at the start of the year. The surge in liquidity is largely attributed to increased client deposits and efficient treasury management.
Revenue and Business Operations
Third-quarter revenue amounted to $628.6 million, derived from interest income, brokerage commissions, and insurance premiums. Total revenue for the nine months reached $1.69 billion, underscoring the stability of Freedom Holding’s diversified income model despite market fluctuations.
Customer Growth and Expansion
Freedom Holding has significantly expanded its client base over the nine months. Banking clients increased from 2.5 million to 4.5 million, while brokerage clients grew by more than 20%. The company continues to strengthen its digital and financial ecosystem, integrating services across its platforms.
Chairman and CEO Timur Turlov stated,
“Through our digital ecosystem, we are connecting brokerage and banking services to daily life. Currently, seven million clients use our platform, and our super app is the most downloaded financial application in Kazakhstan.”
Company Overview
Freedom Holding provides financial services in 21 countries, including the United States, Kazakhstan, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company is listed on NASDAQ, KASE, and AIX under the ticker FRHC.