Globe News Wire
02 Jun 2026, 06:24 UTC · 2h ago
Freedom Holding Corp. More Than Doubles Net Income and Reports Record Revenue in Fiscal 2026
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Globe News Wire
02 Jun 2026, 06:24 UTC · 2h ago
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Freedom Holding Corp. reported a 101% year-over-year increase in net income, rising from $76.2 million to $153.3 million for fiscal 2026. — A doubling of net income is a primary driver for stock price appreciation and signals strong operational scalability.
+0.80The company's banking customer base doubled from 2.52 million to 5.03 million, and its SuperApp reached over 5 million users. — Rapid user acquisition in the ecosystem suggests strong growth potential and increased cross-selling opportunities across services.
+0.60Freedom Holding Corp. signed an agreement to acquire approximately 99.32% of Turkish Bank A.S., pending regulatory approval. — Strategic international acquisition expands the company's geographic footprint and banking assets.
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Total net revenue reached a record $2.19 billion for fiscal 2026, up from $2.00 billion in fiscal 2025. — Record revenue confirms top-line growth, though the percentage increase is less dramatic than the bottom-line net income growth.
+0.40The company obtained brokerage licenses in the UAE (via Abu Dhabi Global Market) and Turkey. — New licenses facilitate international expansion and increase the addressable market for their brokerage services.
+0.30Ticker attribution
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The company reported record revenue and a more than 100% increase in net income for fiscal 2026.
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