FRHC

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Freedom Holding (FRHC) drew fresh attention after reporting first quarter results on 10 August 2026. Revenue reached US$732.53 million while net income was US$31.66 million, with earnings per share of US$0.52. See our latest analysis for Freedom Holding. At a share price of US$146.58, Freedom Holding has given investors a year to date share price return of 17.99%, while the 1 year total shareholder return has declined 15.20%, even after a 3 year total shareholder return of 109.85% and a 5 year total shareholder return of 144.91% that reflect earlier momentum. Recent earnings and the S&P Global Ratings upgrade to key subsidiaries appear to be feeding into a more mixed short term reaction, with the 90 day share price return up 4.69% but shorter term moves softer. If this earnings update has you thinking about where else growth and risk might be mispriced, it can be useful to scan for other financials with strong leadership by checking out 20 top founder-led companies Freedom Holding’s share price has already shifted from long-term gains to a weaker one-year spell, followed by a modest rebound after earnings. Has most of the easy upside passed, or does the current valuation still leave room ahead? Freedom Holding now trades on a P/E of 63.3x, which is high relative to peers, so it is worth asking what that price implies about future earnings power. The P/E ratio compares the current share price to the company’s earnings per share. For a diversified financial services group like Freedom Holding, it shows how much investors are currently willing to pay for each dollar of reported profit. FRHC’s current P/E of 63.3x sits well above the US Capital Markets industry average of 37.5x and the peer average of 16.1x. That gap suggests the market is placing a much richer value on Freedom Holding’s current and potential earnings than on many comparable companies, even though earnings have declined by 17% per year over the past 5 years and the company’s Return on Equity of 9.6% is described as low. The SWS DCF model also indicates the current share price of $146.58 is trading above an estimated future cash flow value of $59.90, which reinforces the picture of an expensive valuation. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-Earnings of 63.3x (OVERVALUED) However, Freedom Holding’s rich P/E and heavy revenue exposure to Kazakhstan could quickly look less comfortable if sentiment or local operating conditions shift. Find out about the key risks to this Freedom Holding narrative. While the P/E of 63.3x makes Freedom Holding look expensive, the SWS DCF model points in the same direction. At a share price of US$146.58, the stock sits above an estimated future cash flow value of US$59.90. If both signals are this rich, it raises the question: what is the market really paying up for? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Freedom Holding for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. If this mix of strong recent returns and rich valuation leaves you unsure, it helps to review the underlying data and weigh both sides quickly. To get a clearer view of how the balance of concerns and potential rewards stacks up, take a look at the 1 key reward and 2 important warning signs. Do not stop with Freedom Holding. Use this earnings update as a springboard to refresh your watchlist and uncover opportunities that match your risk and income goals. Target potential upside in quality opportunities that look mispriced by checking stocks flagged in the 51 high quality undervalued stocks. Strengthen your income stream by reviewing companies highlighted as 11 dividend fortresses. Prioritise resilience by focusing on businesses surfaced through the 88 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FRHC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

NEW YORK, August 10, 2026--(BUSINESS WIRE)--Freedom Holding Corp. (the "Company") (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 24 countries, today announced financial results for the fiscal quarter ended June 30, 2026. Highlights for the quarter included the following: $732.5 million in total revenue, net, compared to $524.0 million for the quarter ended June 30, 2025, a 40% increase; Net income of $31.7 million ($0.52 per diluted share and $0.52 per basic share) compared to $37.4 million for the quarter ended June 30, 2025; Total assets of $14.0 billion, up from $13.2 billion as of March 31, 2026; Total customers across banking, brokerage, insurance and other segments rose to 8,743,000 as of June 30, 2026, compared to 8,100,000 as of March 31, 2026; In June, S&P Global Ratings raised its long-term issuer credit ratings to ‘BB-’ from ‘B+’ on Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. "Our results this quarter reflect the continued strength and momentum of our business across the Freedom ecosystem," said Timur Turlov, the Company’s founder and CEO. "We saw meaningful growth in revenue and in our customer base, underscoring the durability of our diversified model as we continue to expand into new markets and new lines of business. "A core driver of this performance is our digital fintech strategy. The Freedom SuperApp continues to bring our financial and lifestyle services together into a single, seamless experience for our customers. As customers can move between products effortlessly, and our platform anticipates their needs through data and AI, we build deeper relationships and deliver more value with greater efficiency. "It was gratifying that S&P Global Ratings recently raised its credit ratings on several of our key subsidiaries, an external affirmation of the financial discipline and risk management that our teams have built over the past several years. We approach the future with confidence in our strategy and gratitude to our customers, employees, and shareholders for their continued trust." Fiscal First Quarter 2027 Financial Performance The Company had total revenues, net of $732.5 million in the fiscal 2027 first quarter, up from $524.0 million in the comparable prior-year period. Interest income was $295.1 million, an increase of $96.5 million compared to the same period in the prior year. The increase was primarily attributable to an increase in interest income on margin loans to customers and loans to customers, together with increases in interest income on held-to-maturity securities, trading securities, securities available-for-sale, and reverse repurchase agreements and amounts due from banks. Fee and commission income rose to $156.7 million, a 46% increase compared to the comparable period a year ago. The increase was primarily driven by higher fee and commission income from brokerage services, reflecting growth in our retail brokerage customer base. These increases were partially offset by lower fee and commission income from banking services, primarily due to the active use of our cashback-based loyalty program, with cashback amounts reflected as a reduction of banking service revenue. We had a net gain on trading securities of $79.8 million, as compared to a net gain on trading securities of $45.6 million in the same period in the prior year. The change was attributable mainly to an increase in the value of securities positions and gains from the sale of Kazakhstan sovereign and corporate debt securities. Total expenses were $691.7 million, compared to $476.5 million in the same period in the prior year. The increase was mainly attributable to higher insurance claims and policyholder benefits (net of reinsurance), interest expenses, payroll and bonus expenses and general and administrative expenses. Net income in the quarter was $31.7 million, compared to $37.4 million for the comparable period a year ago. Our Brokerage and Banking segments contributed net income of $133.6 million and $3.7 million, respectively, and our Insurance and Other segments contributed net losses of $19.2 million and $86.5 million, respectively, to our total net income in the quarter. Basic and diluted earnings per share were $0.52, compared to $0.62 and $0.61, respectively in the first quarter of last year. The weighted average number of shares outstanding used to calculate basic and diluted earnings per share was 60.4 million and 61.3 million, respectively, as of June 30, 2026 and 59.9 million and 61.1 million, respectively, as of June 30, 2025. Business Segment Highlights in the First Quarter of FY 2027 Brokerage: Revenue increased by 60% to $282.6 million, driven mainly by increased fee and commission income, higher interest income and an increase in net gain/(loss) in foreign exchange operations, partially offset by a decrease in net gains on trading securities. Total retail brokerage customers rose to 874,000, compared to 858,000 as of March 31, 2026. Banking: Revenue grew by 54% to $225.2 million, mostly driven by an increase in net gain/(loss) on foreign exchange operations, an increase in net gain on trading securities, higher unrealized gains attributable to an increase in the fair value of securities, and an increase in interest income. The increase was partially offset by lower fee and commission income because of higher SuperApp cashback volumes and a decline in net gain on derivatives. Total banking clients reached 5,447,000 as of June 30, 2026, compared to 5,026,000 as of March 31, 2026. Insurance: Revenue declined by 8% to $150.9 million, as insurance volumes decreased due to updates in the Kazakhstan Law on Insurance Activities and a decrease in net gains on trading securities, partially offset by higher interest income. Total insurance customers were 924,000, compared to 1,117,000 as of March 31, 2026. Other: Revenue grew by 100% to $73.9 million, driven by growth in the telecommunications sector, higher customer activity at Arbuz, our online supermarket and fresh food delivery service, and higher fee and commission income from payment processing. Total customers in this segment grew to 1,498,000, from 1,105,000 as of March 31, 2026. Additional Highlights On June 1, 2026, the Company acquired 100% interest in ChessBase GmbH. ChessBase GmbH. is one of the world’s oldest and largest platforms specializing in chess software, analytics and database solutions. ChessBase GmbH. develops and sells game databases, analytical software, training products and online services for chess players, and also operates its major chess news platform. The purpose of the acquisition of ChessBase GmbH. was to strengthen our digital ecosystem and expand our technology offerings through the acquisition of a leading provider of chess software, databases, analytics, and online services. At the reporting date, June 30, 2026, final valuation of ChessBase GmbH. was not completed. As of June 1, 2026, the date of acquisition of ChessBase GmbH., the acquired net assets amounted to $2,802. The total purchase consideration was $4,875. As a result of acquisition, the Group recognized goodwill of $2,073. On July 10, 2026, FRHC completed an offering and sale of 2,374,356 shares of its common stock, par value of $0.001 per share, for an aggregate offering price of $300,000. The securities were offered and sold pursuant to Regulation S of the Securities Act of 1933. The offering was made only to non-U.S. persons in offshore transactions outside the United States, in accordance with the requirements of Regulation S, including the provisions applicable to a Category 3 offering under Regulation S. On July 31, 2026, FRHC and its subsidiary, Freedom Financial Hizmetler Anonim Sirketi, completed the acquisition of approximately 99.32% of Turkish Bank A.Ş., a bank operating in Türkiye, for a total consideration of $33.4 million. About Freedom Holding Corp. Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company of a group of subsidiaries conducting securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, retail and commercial banking, insurance products, payment services information, processing services and lifestyle services, operating under the name Freedom or Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 12,000 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company’s main market of operations in Kazakhstan and has a presence in 24 countries. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com. Cautionary Note Regarding Forward-Looking Statements This release, and any related statements, contains "forward-looking" statements within the meaning of section 21E of the United States Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "strategy," "mission, " "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intentions and expectations, the Company’s strategy, our business’s strength and momentum, growth prospects, our diversified model and expansion into new markets and new lines of business, our platform capabilities, and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in under Risk Factors and elsewhere in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Website Disclosure Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation. View source version on businesswire.com: https://www.businesswire.com/news/home/20260810954136/en/ Contacts Natalia KharlashinaPublic Relations Freedom Holding Corp.+7 701 364 [email protected] Ramina Fakhrutdinova(Freedom Holding Corp. in Kazakhstan) Public RelationsFreedom Finance [email protected] Media Contact for Freedom US MarketsDeborah Kostroun, Zito [email protected] +1 201-403-8158

Freedom Holding Corp. More Than Doubles Net Income and Reports Record Revenue in Fiscal 2026 New York, United States, June 02, 2026 (GLOBE NEWSWIRE) -- Company advances international expansion and integrated financial, insurance, consumer and technology ecosystem strategy Freedom Holding Corp. (Nasdaq: FRHC), a multinational investment and technology company, today announced financial results for its fiscal year ended March 31, 2026. The company maintained a strong liquidity position and demonstrated the effectiveness of its diversified business model, which brings together financial services, insurance, consumer services and technology businesses within a single integrated ecosystem. For fiscal 2026, net income increased from $76.2 million to $153.3 million, representing growth of approximately 101% year over year. Total revenue, net reached a record $2.19 billion, compared with $2.00 billion in fiscal 2025. Since the company’s listing on Nasdaq in 2019, total revenue has increased more than 26 times. Freedom’s customer base continued to expand across key business lines. Brokerage customers increased from 683,000 to 858,000, while banking customers doubled from 2.52 million to 5.03 million. The insurance business served approximately 1.1 million customers, and the customer base across other business segments increased 83% to approximately 1.1 million. Fiscal 2026 Financial Highlights For the fiscal year ended March 31, 2026: Total revenue, net increased 9% to $2.19 billion, compared with $2.00 billion in fiscal 2025. Net income increased approximately 101% to $153.3 million, compared with $76.2 million in fiscal 2025. Interest income increased by $18.0 million to $882.5 million, up 2% compared with the prior year. Net gain on trading securities was $158.8 million, up $216.6 million, or 375%, primarily due to the sale of Kazakhstan corporate debt securities. Net gain on derivatives was $66.8 million, up $54.4 million, or 438%, primarily due to positive revaluation of foreign-currency swaps. Fee and commission income was $489.8 million, down $15.3 million, or 3%, primarily due to lower banking-service income. Net revenue from insurance activities decreased by 29% compared with the same period a year earlier, to $402.4 million. This was driven by changes in Kazakhstan’s legislation regarding borrowers’ life insurance and the payment of agency commissions to credit institutions. Revenue from goods and services increased by $57.3 million to $97.4 million, up 143%, primarily reflecting expansion into telecommunications following the acquisition of Freedom Cloud Holding. Total assets reached $13.16 billion as of March 31, 2026, up 33% from $9.92 billion at the end of the prior fiscal year. The increase was supported by growth in the company’s proprietary investment portfolio and higher customer balances in brokerage accounts. Diluted earnings per share were $2.51 and basic earnings per share were $2.56 for the fiscal year. CEO Commentary “We completed the year with record revenue and doubled net income, despite significant investment in the development of the Freedom ecosystem,” said Timur Turlov, Founder and Chief Executive Officer of Freedom Holding Corp. “Our rapidly growing customer base confirms the strength of our strategy: building institutional infrastructure not around individual products, but around solving customers’ everyday needs. Today, the daily audience of Freedom SuperApp exceeds 2.5 million people, compared with just over one million a year ago, while total users exceed 5 million. We believe the solutions we have implemented in Kazakhstan can become universal across the markets where Freedom operates.” Customer and Ecosystem Growth Freedom SuperApp, the company’s flagship all-in-one platform for retail banking, payments, insurance, government services and lifestyle services, reached more than 5 million users by March 2026. Monthly active users reached 2.59 million in March 2026, compared with 1.02 million in March 2025. The SuperApp integrates traditional banking with services for insurance contracts, event tickets, grocery and consumer-goods delivery, airline tickets, travel packages, loyalty rewards, e-commerce, health services and a broad range of government services. Banking Momentum Freedom Bank Kazakhstan continued to serve as a core component of the company’s ecosystem strategy. As of March 31, 2026, the Banking segment reported combined assets of $5.36 billion, up 21% year over year. The segment’s loan portfolio increased 29% to $2.05 billion, while its deposit portfolio increased 46% to $2.52 billion. Freedom also continued to expand its regional banking platform. The company signed an agreement with Ozyol Holding and the National Bank of Kuwait to acquire approximately 99.32% of Turkish Bank A.S., subject to regulatory approval and other customary conditions. The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market also granted Freedom Bank permission to establish a subsidiary bank in Georgia. Brokerage Growth and Market Access Freedom’s brokerage business continued to benefit from customer growth and demand for access to international capital markets. As of March 31, 2026, brokerage customer accounts had increased to 858,000, reflecting continued organic growth. During fiscal 2026, Freedom also expanded its brokerage footprint. Freedom Broker Global Markets Ltd., the company’s UAE subsidiary, received a brokerage license from the Abu Dhabi Global Market Financial Services Regulatory Authority. In March 2025, Freedom Holding Corp. also received a license to conduct brokerage activities in Turkey. Expansion in Digital Infrastructure, Telecom, Cloud and Media Freedom continued to develop complementary digital infrastructure and lifestyle businesses designed to strengthen customer engagement and broaden the utility of its ecosystem. The company’s Other segment includes payment processing, e-commerce, online ticketing, travel aggregation, telecommunications, cloud services and media initiatives. Freedom Telecom is being developed as a telecommunications business in Kazakhstan, while Freedom Cloud provides cloud infrastructure and related services to internal and external clients. Freedom Media is being developed as a streaming and media platform for Kazakhstan and the broader Central Asia region. Freedom Holding Corp. and the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan announced plans to create sovereign NVIDIA artificial-intelligence infrastructure with expected investment of $2 billion. As part of this initiative, Freedom Holding Corp., the Government of Kazakhstan and OpenAI signed a strategic agreement under which 165,000 teachers in Kazakhstan received access to ChatGPT Edu, an education-focused version of ChatGPT with enhanced privacy and data-management features. Key Corporate Developments S&P Global Ratings revised its outlook on JSC Freedom Finance, Freedom Finance Global PLC, Freedom Finance Europe Ltd. and JSC Freedom Bank Kazakhstan from stable to positive and affirmed long- and short-term ratings at B+/B, citing strengthened risk-management and compliance systems. Moody’s assigned Freedom Bank Kazakhstan ratings with a stable outlook, including Ba3 long-term local- and foreign-currency deposit ratings, a b1 baseline credit assessment, a b1 adjusted baseline credit assessment, a Ba2 long-term counterparty risk assessment and Ba2 long-term counterparty risk ratings. BlackRock, Morgan Stanley and J.P. Morgan increased their holdings in Freedom Holding Corp. shares. BlackRock remained the company’s largest institutional shareholder. Freedom Holding Corp. shares were included in the Moneyball portfolio formed by The Motley Fool. Freedom Holding Corp. was included in the Russell 3000 Index, which tracks more than 3,000 of the largest U.S. companies and represents approximately 98% of the investable U.S. equity market. A case study on the development of the Freedom ecosystem was included in the Stanford Graduate School of Business MBA program and became part of the university’s educational library for students, faculty and international business-program participants. During the reporting period, Freedom Holding Corp. allocated $10.026 million to the Kazakhstan Chess Federation and $10.7 million to the youth soccer league. Its sponsorship activities also extend to education, digital technology, culture, and science. Global Team As of March 31, 2026, Freedom Holding Corp. employed 11,846 people across its regions of operation, including 10,830 in Central Asia, 334 in Europe, 627 in the Middle East and 55 in the United States. About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Freedom Travel. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index. Attachment Freedom Holding Corp. More Than Doubles Net Income and Reports Record Revenue in Fiscal 2026 CONTACT: Head of Public Relations Natalia Kharlashina Freedom Holding Corp. [email protected] +77013641454

Net Income increases to $153.3 million from $76.2 million; Revenue increases to $2.19 billion from $2.0 billion; Banking segment customers increase to 5,026,000 from 2,515,000; Brokerage segment customers increase to 858,000 from 683,000; Other segment customers increase to 1,105,000 from 605,000 ALMATY, Kazakhstan & NEW YORK, June 01, 2026--(BUSINESS WIRE)--Freedom Holding Corp. (the "Company") (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 22 countries, today reported financial results for fiscal year 2026, including revenue of $2.19 billion, and net income of $153.3 million for the 2026 fiscal year. Fiscal Year ended March 31, 2026 Financial OverviewAll comparisons are to the twelve months ended March 31, 2025 unless otherwise noted The Company reported total revenue, net of $2,191.3 million, as compared to $2,004.2 million. The increase was primarily attributable to the following: The Company’s net gain on trading securities was $158.8 million, an increase of $216.6 million, or 375%, primarily from sales of Kazakhstan sovereign and corporate debt securities. Sales of goods and services increased by $57.3 million, or 143%, to $97.4 million from $40.1 million, primarily the result of the Company’s expansion into the telecommunications sector and increased customer activity at Arbuz, online retail trade and e-commerce subsidiary. Net gain on derivatives was $66.8 million, an increase of $54.4 million, driven primarily by Freedom Bank KZ’s realized net gain of $40.9 million largely due to positive revaluation of currency swaps. Interest income was $882.5 million, an increase of $18.0 million, or 2%, primarily driven by increased margin loans to customers and continued expansion of Freedom Bank KZ's customer loan portfolio. Our net insurance revenue for fiscal 2026 was $402.4 million, representing a decrease of $168.8 million, or 29%, compared to fiscal 2025. This decrease was primarily driven by lower written insurance premiums, reflecting regulatory caps on agent commissions for bank and microfinance loan products, and by higher deferred profit liability issuance expense. Customer Growth The Company’s bank customers approximately doubled from 2.52 million to 5.03 million and retail brokerage accounts increased to 858,000, from 683,000 in the prior year. "Over the past few years, we have significantly expanded our customer base across brokerage, banking, and insurance by building a unified digital ecosystem," said Timur Turlov, Freedom Chairman and CEO. "At the core of this growth is our SuperApp, which brings together essential financial services, including banking, insurance and lifestyle services in a single application. "The addition of attractive loyalty and referral programs, improvement and further diversification of our offerings within our SuperApp during fiscal 2026 has further supported customer adoption, increasing overall engagement within the ecosystem. Our mission is to provide our customers with the most convenient, seamless, and beneficial experience possible, engaging them across a broad range of digital products, each offered on terms designed to deliver maximum value and ease of use." Freedom SuperApp In March 2026, monthly active users (MAU) climbed to 2.59 million, up from 1.02 million in March 2025, an increase of 154% year over year, while daily active users (DAU) averaged 634,578 compared with 183,000 in March 2025. Regional and Global Expansion One of the Company’s strategic goals is to build a network of banks, brokers, and digital financial infrastructure that connects markets across Central Asia, the Caucasus, and beyond. In this regard, in March 2026, the Company entered into an agreement to purchase approximately 99.32% of Turkish Bank A.S., a bank operating in Türkiye. Subject to completion of the transaction, the Company expects this bank may serve as a core platform for its financial services operations in Türkiye. The Company also plans to establish a fully operational brokerage business in Türkiye, subject to obtaining the required license from the Turkish financial regulator. External Social Projects During fiscal year 2026, the Company continued to support sports, education, and culture in the communities where it operates, including: Sports and chess — funding the Kazakhstan Chess Federation, hosting the World School Team Chess Championship and the "Chess in Education" Scientific Conference, launching construction of a football academy in Karaganda, sponsoring FC Zhenis and the youth teams of FC Shakhter, and supporting the inclusive "UNI FOOTBALL LEAGUE." Education — supporting "Teach for Qazaqstan," the Freedom Grants scholarship program, the IQanat Educational Fund, and student scholarships at Karagandy Buketov University. Culture — contributing to the renovation of Lermontov National Theatre in Almaty and the development of the Reception House in Astana. Additional highlights: Banking As of March 31, 2026, our Banking segment combined assets increased by 21% to $5,359.8 million, our loan portfolio increased by 29% to $2,045.3 million, our deposit portfolio increased by 46% to $2,522.8 million, and held-to-maturity securities increased by 552% to $429,423. Insurance Freedom Life recognized a net profit of approximately $32.9 million. As of March 31, 2026, Freedom Life held an approximately 7.4% market share in the Kazakhstan voluntary accident insurance and 19.3% of the pension annuity insurance segment in Kazakhstan, in each case according to the National Bank of Kazakhstan (NBK). Freedom Insurance recognized net profit of approximately $10.8 million in fiscal year 2026. According to the NBK, as of March 31, 2026, Freedom Insurance had an approximately 6.55% share of the total Kazakhstan general insurance market based on total assets and had an approximately 14.53% share of the Kazakhstan car owners liability insurance market based on insurance premiums received. Brokerage As of March 31, 2026 and 2025, we had approximately 858,000 and 683,000 total brokerage customer accounts respectively, of which more than 56% and 63% respectively had positive cash or asset account balances. Other The Other segment accounted for $172.8 million, or 8%, of our total revenue, net for the fiscal year ended March 31, 2026, mainly derived from online retail trade and e-commerce services, provision of payment processing services, retail online ticket sales and online aggregation of purchasing air and railway tickets. AI Data Center in Kazakhstan In November 2025, we signed a non-binding memorandum of understanding with the Kazakhstan Ministry of AI and Digital Development and NVIDIA Corporation with a view to develop a large-scale AI data center in Kazakhstan. This prospective growth project is expected to be implemented in phases. Employees As of March 31, 2026, we had 11,846 (11,627 full-time and 219 part-time) employees spanning 22 countries in the following regions: Central Asia - 10,830, Europe - 334, Middle East - 627, USA - 55. About Freedom Holding Corp. Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company conducting retail securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 11,000 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company has its main market of operations in Kazakhstan and has a presence in 22 countries. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com. Cautionary Note Regarding Forward-Looking Statements This release, and any related statements, contains "forward-looking" statements within the meaning of section 21E of the United States Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "strategy," "mission, " "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intentions and expectations, regional and global expansion including our plans related to Turkish Bank A.S. and establishment of a fully operational brokerage business in Türkiye, the memorandum of understanding relating to AI data center in Kazakhstan and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in under Risk Factors and elsewhere in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Website Disclosure Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation. The accompanying notes are an integral part of these consolidated financial statements The accompanying notes are an integral part of these consolidated financial statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601134977/en/ Contacts Natalia KharlashinaPublic RelationsFreedom Holding Corp.+7 701 364 [email protected] Ramina Fakhrutdinova (KZ)Public RelationsFreedom Finance JSC+7 777 377 [email protected] Media Contact for Freedom US MarketsDeborah Kostroun, Zito [email protected] +1 201-403-8158

NEW YORK, Feb. 10, 2026 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC), a diversified financial services and technology group, today announced financial results for the three and nine months ended December 31, 2025, reflecting growth in assets and shareholders' equity, strong operating cash flow generation, and continued expansion of its customer base across core business segments. The holding company's total assets at the end of the third quarter amounted to $12.38 billion, which is 25% higher than at the end of the previous fiscal year - $9.91 billion. The growth in assets was driven by the expansion of the company's own investment portfolio and an increase in client balances in brokerage accounts. Key Financial Highlights For the nine months ending 31 December 2025, operating cash flow reached $1.73 billion Total shareholders' equity rose to $1.40 billion, up from $1.21 billion at the end of the prior fiscal year. Net income for the 3Q FY2026 was $76.2 million. Diluted earnings per share (EPS) were $1.25 for the quarter and $2.38 for the nine-month period. Cash flow and liquidity During the nine-month period, net cash provided by operating activities totaled $1.73 billion. This was driven primarily by growth in customer funds held in brokerage accounts, as well as a reduction in margin-related balances. As of 31 December 2025, cash, cash equivalents, and restricted cash stood at $3.51 billion, compared to $1.64 billion at the start of the financial year. Revenue and operating performance Total revenue for the three months ending 31 December 2025 amounted to $628.6 million, driven by interest income, brokerage and commission revenues, and insurance premiums. Revenue for the nine-month period totaled $1.69 billion. This diversified revenue mix reflects continued customer activity across the brokerage, banking, and insurance segments, providing stability in the face of fluctuating market conditions. Customer Growth and Business Development Freedom Holding Corp. continued to scale its platform during the reporting period. The number of banking customers increased from 2.5 million to 4.5 million over nine months, while the brokerage customer base grew by more than 20%. Growth was supported by expanded digital offerings and continued development of the company's financial and non-financial ecosystem. The company demonstrated the effectiveness of its diversified business model across financial, insurance, and technology segments. "We continue to develop our digital ecosystem by integrating traditional brokerage and banking with everyday consumer services. This ecosystem supports a wide range of use cases, from daily purchases such as groceries and tickets to transactions involving complex investment instruments. The strategy we adopted several years ago - to build a trusted operating environment rather than a simple marketplace - is delivering results. More than 7 million customers now use our platform. Our SuperApp is the most downloaded application in Kazakhstan, with plans for expansion into additional markets. Global technology leaders, including NVIDIA, Amazon, and Microsoft, are participating in our projects," said Timur Turlov, Chairman of the Board of Directors and Chief Executive Officer of Freedom Holding Corp. About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index. Contact: Head of Public Relations Natalia Kharlashina Freedom Holding Corp. [email protected] +77013641454 Photo: https://mma.prnewswire.com/media/2890863/Freedom_Holding.jpg Logo: https://mma.prnewswire.com/media/2890891/Freedom_Holding_Corp_Logo__1_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/freedom-holding-corp-reports-financial-results-for-the-nine-months-and-quarter-ended-december-31-2025-302683522.html

NEW YORK, February 09, 2026--(BUSINESS WIRE)--Freedom Holding Corp. (the "Company") (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 21 countries, today announced financial results for the third quarter of fiscal year 2026 ended December 31, 2025. Highlights during the three and nine months ended December 31, 2025 include the following: Customer Growth The Company continued to grow its number of customers in several key areas. Brokerage customers totaled 828,000 as of December, 31, 2025, an increase of 145,000 customers over the past nine months. Banking customers rose by two million customers, to 4.5 million customers. Customers for insurance and other segments rose by 8,000 and 92,000 customers respectively. Three months ended December 31, 2025 Financial Overview All comparisons are to the three months ended December 31, 2024, unless otherwise noted The Company reported total revenues, net, of $628.6 million for the fiscal 2026 third quarter as compared to $664.6 million, reflecting higher net gain on foreign exchange operations, net gain on derivatives, interest income, sales of goods and services and other income offset by a decline in insurance premiums earned (net of reinsurance), lower net gain on trading securities, and fee and commission income. For the three months ended December 31, 2025, we realized a net gain on foreign exchange operations of $45.8 million compared to a net gain of $3.9 million. The increase was primarily due to the gain from the revaluation of foreign currency. For the three months ended December 31, 2025, we had net gain on derivatives of $26.5 million compared to a net gain of $11.9 million. The change was primarily driven by the revaluation of derivative positions at our subsidiary, which resulted in an unrealized net gain of $8.2 million for the three months ended December 31, 2025. For the three months ended December 31, 2025, we had interest income of $228.8 million, representing an increase of $4.1 million, or 2%. The increase was primarily driven by a $24.1 million increase in interest income on loans to customers due to the increase of the loan portfolio. Additionally, interest income on held-to-maturity securities increased by $19.3 million due to the increase of the held-to-maturity portfolio. Interest income on margin loans to customers increased by $12.6 million, or 21% reflecting higher customer activity in margin lending. Increase in interest income was partially offset by decrease in interest income on trading securities. For the three months ended December 31, 2025, we had insurance premiums earned, net of reinsurance of $106.9 million, a decrease of $70.5 million, or 40%. The decrease was primarily attributable to a $73.1 million, or 41%, decrease in written insurance premiums due to the regulatory cap on commissions to insurance agents for policies associated with bank and microfinance loan products, which reduced new business volumes during the period. During the three months ended December 31, 2025, we had a realized gain on trading securities of $52.3 million. The gain primarily reflected our active portfolio management strategy, which mostly attributable to the sale of Kazakhstani corporate debts at favorable market prices following a short-term rally in the local debt market. However, we also incurred an unrealized net loss of $8.8 million during the same period due to the decline in the value of securities positions we held as of December 31, 2025. Fee and commission income from banking services decreased by $27.4 million during the three months ended December 31, 2025 from $8.4 million for the three months ended December 31, 2024. The decrease was primarily driven by active use by our customers of a cashback-based loyalty program, with cashback amounts reflected as a reduction of banking service revenue. Total expense was approximately $534.7 million in the fiscal 2026 third quarter compared to $566.3 million, driven by higher payroll and bonuses, general and administrative expense, cost of sales, professional services and stock compensation expense. Net income was $76.2 million for the fiscal 2026 third quarter compared to $78.1 million. Basic and diluted earnings per share were $1.27 and $1.25, respectively, compared to $1.32 and $1.29 per share, respectively, in last year’s third quarter. Weighted average common shares outstanding used to compute diluted earnings per share for the quarter ended December 31, 2025 and 2024 were 61.1 million and 60.5 million, respectively. Nine months ended December 31, 2025 Financial Overview All comparisons are to the nine months ended December 31, 2024, unless otherwise noted The Company reported total revenues, net, of $1,688.2 million for the fiscal 2026 third quarter as compared to $1,705.7 million, reflecting higher sale of goods and services, net gain on trading securities, net gain on derivatives, net gain on foreign exchange operations and other income offset by a decline in insurance premiums earned (net of reinsurance), lower interest income and fee and commission income. During the nine months ended December 31, 2025, we had a realized gain on trading securities of $126.2 million, which is mostly attributable to Kazakhstani corporate debt securities sold during the nine months ended December 31, 2025. Also, we recognized an unrealized net gain of $21.1 million during the same period due to an increase in the value of securities positions we held as of December 31, 2025. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds. For the nine months ended December 31, 2025, we had net gain on derivatives of $38.8 million compared to a net gain of $30.7 million. The change was primarily attributable to the increase in realized gain from $2.5 million for the nine months ended December 31, 2024 to $8.6 million for the nine months ended December 31, 2025 due to the increased volume of swap turnover between two periods. For the nine months ended December 31, 2025, we realized a net gain on foreign exchange operations of $32.9 million compared to a net gain of $18.5 million. The change was primarily due to the $54.9 million gain on dealing transactions. For the nine months ended December 31, 2025, we had insurance premiums earned, net of reinsurance of $385.4 million, a decrease of $81.8 million, or 18%. The decrease was primarily attributable to a $88.5 million, or 18%, decrease in written insurance premiums due to the regulatory cap on commissions to insurance agents for policies associated with bank and microfinance loan products, which reduced new business volumes during the period. For the nine months ended December 31, 2025, we had interest income of $639.0 million, representing a decrease of $22.0 million, or 3%. The decrease was primarily driven by a $176.6 million, or 57%, decrease in interest income on trading securities. This decrease was primarily due to a lower volume of trading securities held during the period. Fee and commission income from banking services decreased by $60.1 million during the nine months ended December 31, 2025 from $12.7 million. The decrease was primarily driven by active use by our customers of a cashback-based loyalty program, with cashback amounts reflected as a reduction of banking service revenue. Total expense was approximately $1,493.2 million for the nine months ended December 31, 2025, compared to $1,437.3 million, driven by higher payroll and bonuses, cost of sales, insurance claims incurred, net of reinsurance and professional services. Net income was $145.4 million for the nine months ended December 31, 2025, compared to $226.9 million. Basic and diluted earnings per share were $2.43 and $2.38, respectively, compared to $3.83 and $3.76 per share, respectively, in last year’s nine months ended December 31, 2024. Weighted average common shares outstanding used to compute diluted earnings per share for the nine months ended December 31, 2025 and 2024 were 61.1 million and 60.4 million, respectively. About Freedom Holding Corp. Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company conducting retail securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 11,000 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company has its main market of operations in Kazakhstan and has operations through its subsidiaries across 21 countries. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com. Cautionary Note Regarding Forward-Looking Statements This release contains "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "strategy," "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intensions and expectations and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Website Disclosure Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation. The accompanying notes are an integral part of these condensed consolidated financial statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260209307353/en/ Contacts Natalia Kharlashina Public Relations Freedom Holding Corp. +7 701 364 1454 [email protected] Ramina Fakhrutdinova (KZ) Public Relations Freedom Finance JSC +7 777 377 8868 [email protected] Media Contact for Freedom US Markets Deborah Kostroun, Zito Partners [email protected] +1 201-403-8158

NEW YORK CITY, NEW YORK / ACCESS Newswire / November 7, 2025 / New York, Freedom Holding Corp. (NASDAQ:FRHC), an international investment and technology company, has announced its financial results for the 1H FY26 (the six months ended September 30, 2025) During this period the company demonstrated sustainable business development, asset growth, and stable liquidity. For the six months ended September 30, 2025, total revenue reached USD 1.06 billion, slightly above the previous year's level of USD 1.04 billion. The company reported net income of USD 69.1 million and maintained a strong liquidity position. These results confirm the effectiveness of Freedom's diversified business model, which integrates financial, insurance, and technology segments. "We build for the future, we don't sit on profits. Every dollar we earn works - it is reinvested into technology, infrastructure and services that improve people's lives and make our ecosystem stronger," Timur Turlov, Chairman of the Board and Chief Executive Officer of Freedom Holding Corp. said. Key Financial Results (for the six months ended September 30, 2025) Revenue: USD 1.06 billion Net income: USD 69.1 million Earnings per share (diluted): USD 1.13 Customer Growth (as of September 30, 2025) Brokerage customers: 776,000, up from 683,000 on March 31, 2025. Banking customers: 3.6 million, up from 2.5 million Insurance customers: 1.3 million, up from 1.2 million Operational Achievements and Ecosystem Development In the 1H FY2026, the company continued implementing its digital ecosystem strategy, expanding into telecommunications, online payments, e-commerce, and media. The acquisition of Astel Group Ltd strengthened Freedom's position in Kazakhstan's telecommunications market and created synergies with Freedom Telecom and Freedom Pay projects. Expansion of Freedom Telecom continues, including Freedom Cloud infrastructure services and digital media platform build-out. Furthermore, the company recorded no asset impairments - all acquired businesses showed positive dynamics, confirming their long-term value. Timur Turlov stated: "Freedom continues to demonstrate resilience and profitability while growing its assets and developing its ecosystem. We are investing in telecom, digital, and financial technologies to build a platform that connects millions of clients. This foundation supports our long-term growth and regional leadership." About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of the Russell 3000® Index. Contact Information Natalia Kharlashina PR Department, Freedom Holding Corp [email protected] +77013641454 SOURCE: Freedom Holding Corp. View the original press release on ACCESS Newswire

NEW YORK, November 07, 2025--(BUSINESS WIRE)--Freedom Holding Corp. (the "Company") (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 21 countries, today announced financial results for the second quarter of fiscal year 2026 ended September 30, 2025. Highlights during the three and six months ended September 30, 2025 include the following: Financial Condition At September 30, 2025, cash and cash equivalents, restricted cash, and investment securities totaled $4.5 billion, total assets were $10.3 billion, and shareholders’ equity was $1.2 billion. Net cash flows from operating activities was $1.0 Billion. Total customers rose to 6.2 million, which included client growth in each of our three primary business segments S&P raised its long-term issuer credit and financial strength ratings on life insurance company Freedom Life to 'BB+' from 'BB'. The outlook is stable. Agency also raised its national scale rating to 'kzAA' from 'kzAA-'. Management Commentary "During the second quarter of fiscal 2026, we continued to make deliberate investments aimed at building the foundation for Freedom Holding Corp.’s next phase of sustainable growth," said Timur Turlov, the Company’s founder and chief executive officer. "Our results reflect a conscious decision to expand capacity across our key business lines, strengthen our digital and financial infrastructure, and prepare the Company for future scale and efficiency." "We are in an active phase of transformation - creating an integrated, technology-driven ecosystem that connects brokerage, banking, insurance, telecom and new digital services under one platform. This stage requires disciplined spending to build the operational backbone that will support higher margins and stronger earnings in the years ahead. We view these expenditures as strategic investments for the benefit of our clients." "Our customer base continues to grow rapidly across all major segments, surpassing 6.2 million clients as of September 30, 2025. Our financial position remains solid, with over $4.5 billion in cash and investments and more than $1.0 billion generated from operating activities during the first half of the fiscal year. "The dual rating upgrades of Freedom Life by S&P further validate our disciplined approach to building long-term value and financial strength within our ecosystem. At the same time, our partnership with UnionPay Business and the establishment of a China-Kazakhstan settlement system position us strategically for growth in cross-border payments and e-commerce." "Looking ahead, we remain focused on executing our long-term strategy - expanding the reach of our financial ecosystem, scaling our technology infrastructure, and improving the profitability of our core businesses. The foundation we are laying today will enable Freedom Holding Corp. to achieve sustainable growth, increased operating leverage, and enhanced shareholder value over the coming years." Three months ended September 30, 2025 Financial Overview All comparisons are to the three months ended September 30, 2024, unless otherwise noted The Company reported total revenues, net, of $526.1 million for the fiscal 2026 second quarter as compared to $586.1 million, reflecting higher fee and commission revenue, interest income and sales of goods and services offset by a decline in insurance premiums earned (net of reinsurance), lower net gain on trading securities, and a net loss on derivatives. Fee and commission income for the fiscal 2026 second quarter rose to $132.2 million from $121.1 million, primarily driven by higher fee and commission income from brokerage services and agency fees, partially offset by lower income from banking services and payment processing. Net gain on trading securities was $37.1 million for the fiscal 2026 second quarter compared to a net gain on trading securities of $68.3 million, with the decline attributable to the sale of Kazakhstani corporate debts at favorable market prices following a short-term rally in the local debt market. Insurance premiums earned (net of reinsurance) for the fiscal 2026 second quarter were $125.2 million compared to $160.3 million. Net loss on derivatives for the fiscal 2026 second quarter was $3.2 million compared to a net gain of $6.3 million. The decrease was primarily driven by the regulatory cap on commissions paid to insurance agents for policies associated with bank and microfinance loan products, which reduced new business volumes during the period. Total expense was approximately $465.6 million in the fiscal 2026 second quarter compared to $457.7 million, driven by higher payroll and bonuses, insurance claims incurred, net, higher professional services and higher stock compensation expense. Net income was $38.7 million for the fiscal 2026 second quarter compared to $114.5 million. Basic and diluted earnings per share were $0.65 and $0.63, respectively, compared to $1.93 and $1.89 per share, respectively, in last year’s second quarter. Weighted average common shares outstanding used to compute diluted earnings per share for the quarter ended September 30, 2025 and 2024 were 61.1 million and 60.5 million, respectively. Six Months ended September 30, 2025 Financial Overview All comparisons are to the six months ended September 30, 2024, unless otherwise noted The Company reported total revenues, net, of $1060 million for the fiscal 2026 second quarter as compared to $1,041 million, reflecting higher fee and commission revenue, net gain on trading securities and sales of goods and services offset by a decline in insurance premiums earned (net of reinsurance), lower interest income, net loss on foreign exchange operations and net gain on derivatives. Fee and commission income for the fiscal 2026 second quarter rose to $239.9 million from $236.5 million, primarily driven by higher fee and commission income from brokerage services and agency fees, partially offset by lower income from banking services and payment processing. The Company had a net gain on trading securities of $82.7 million for the six months ended September 30, 2025, an increase of $66.5 million as compared to a net gain of $16.2 million for the six months ended September 30, 2024 which is attributable to Kazakhstani corporate debt securities sold during the six months ended September 30, 2025. For the six months ended September 30, 2025, the Company had insurance premiums earned, net of reinsurance of $278.5 million, a decrease of $11.3 million, or 4%, as compared to the six months ended September 30, 2024. The decrease was primarily attributable to a $15.4 million, or 5%, decrease in written insurance premiums due to the regulatory cap on commissions to insurance agents for policies associated with bank and microfinance loan products, which reduced new business volumes during the period. Total expense was approximately $958.5 million for the six months ended September 30, 2025, compared to $871.1 million, driven by higher payroll and bonuses, insurance claims incurred, net, higher professional services and higher stock compensation expense. Net income was $69.1 million for the six months ended September 30, 2025, compared to $149.1 million. Basic and diluted earnings per share were $1.15 and $1.13, respectively, compared to $2.51 and $2.46 per share, respectively, in last year’s second quarter. Weighted average common shares outstanding used to compute diluted earnings per share for the six months ended September 30, 2025 and 2024 were 61.1 million and 60.4 million, respectively. About Freedom Holding Corp. Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company conducting retail securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 10,348 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company has its main market of operations in Kazakhstan and has operations through its subsidiaries in 21 countries. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com. Cautionary Note Regarding Forward-Looking Statements This release contains "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intensions and expectations including our plans to enter the telecommunications market, our expectations with respect to 2026 and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Website Disclosure Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation. The accompanying notes are an integral part of these condensed consolidated financial statements The accompanying notes are an integral part of these condensed consolidated financial statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20251107373093/en/ Contacts Natalia Kharlashina Public Relations Freedom Holding Corp. +7 701 364 1454 [email protected] Ramina Fakhrutdinova (KZ) Public Relations Freedom Finance JSC +7 777 377 8868 [email protected] Media Contact for Freedom US Markets Deborah Kostroun, Zito Partners [email protected] +1 201-403-8158

NEW YORK, August 08, 2025--(BUSINESS WIRE)--Freedom Holding Corp. (the "Company") (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 22 countries, today announced financial results for the first quarter of fiscal year 2026 ended June 30, 2025. Highlights during the quarter include the following: $533.4 million in total revenue, net, versus $455 million for the quarter ended June 30, 2024, a 17% increase Net income of $30.4 million, or $0.50 per diluted share, $0.51 per basic share Total assets of $9.7 billion Total customers across segments rose to 5.3 million at June 30, 2025 Added to the Russell 3000® Index on June 27, 2025 S&P Global Ratings revised its outlook to Positive from Stable and affirms Credit Ratings for Freedom KZ, Freedom EU, Freedom Global, and Freedom Bank KZ Fiscal First Quarter 2026 Financial Highlights: The Company recognized total revenue, net of $533.4 million in the fiscal 2026 first quarter, an increase of 17% from $455 million in the comparable prior-year period. Revenue rose at the brokerage, banking, and insurance segments. Insurance premiums earned, net of reinsurance rose by 18% to $153.3 million from last year’s first quarter and the Company realized a net gain on trading securities of $45.6 million compared to a net loss of $52.1 million in last year’s fiscal first quarter. The Company had a net gain on derivatives of $15.5 million in the fiscal 2026 first quarter, an increase of 24% from $12.5 million in last year’s first quarter due to revaluation of currency swaps. The Company's total expense was approximately $492.9 million in fiscal 2026 first quarter as compared to $413.4 million in last year’s first quarter. Net income was $30.4 million for the fiscal 2026 first quarter compared to $34.4 million in the first quarter of fiscal 2025. Basic and diluted earnings per share were $0.51 and $0.50, respectively, compared to $0.58 and $0.57 per share, respectively, in last year’s first quarter. Weighted average common shares outstanding used to compute basic and diluted earnings per share for the quarter ended June 30, 2025 were 59.9 million and 61.1 million, respectively, and 59.3 million and 60.3 million, respectively, for the quarter ended June 30, 2024. Total assets were $9.7 billion on June 30, 2025, compared to $9.9 billion as of the fiscal 2025 year ended March 31, 2025. Continuing the Growth and Evolution of our Business Model "Our results for the fiscal 2026 first quarter reflect the continuing growth and evolution of our business model," said Timur Turlov, the Company's founder and chief executive officer. "We have expanded our product portfolio, embraced the digital transformation of our platform, and strengthened our market presence. We are also elevating our profile in the investment community, as reflected by our inclusion in the Russell 3000® Index on June 27, 2025. We remain ever-grateful for the dedication and hard work of our 10,054 employees in 231 offices around the world." Mr. Turlov noted the Company’s success in transforming into a one-stop shop, multi-point financial ecosystem that allows clients to manage their diverse financial needs in partnership with a single, trusted provider. He continued, "Our commitment to providing the highest level of client service and accountability, including the continuing success of our Super App, has allowed us to expand our client base to more than 5.3 million across our three primary segments, representing a nearly 5% increase from March 31, 2025. Our strong financial position will support our growth objectives for fiscal 2026, with a focus on continuing our investments in digital infrastructure and AI to build out the Freedom services portfolio." Additional Fiscal First Quarter 2026 highlights Brokerage: Revenue increased to $176.3 million from $174.9 million, driven by increases in fee and commission income, net gain on trading securities, and interest income, partially offset by a decrease in net (loss)/gain on foreign exchange operations and lower other income. Total retail brokerage clients rose to 725,000 as of June 30, 2025 compared to 683,000 as of March 31, 2025. Brokerage services were offered at 44 offices as of June 30, 2025. Banking: Revenue increased by 60% to $146.2 million from $91.2 million, driven primarily by an increase of net gain in trading securities, partially offset by lower commission income, which was primarily driven by active use by customers of a cashback-based loyalty program. The loyalty program is leveraged to effectively reduce transaction costs for customers by supporting our customer base expansion and increasing engagement across the ecosystem. Total banking clients rose to 2,927,000 as of June 30, 2025, up from 2,515,000 as of March 31, 2025. Banking services were offered at 30 offices as of June 30, 2025. Insurance: Revenue rose by 18% to $174.0 million from $147.3 million, driven by improved insurance premiums earned, net of reinsurance from written insurance premiums due to the expansion of the Company’s insurance operations such as pension annuity and accident insurance. Total insurance clients rose to 1,396,000 as of June 30, 2025, from 1,170,000 as of March 31, 2025. Insurance services were offered at 57 offices as of June 30, 2025. Other Segments: Revenue declined to $36.9 million from $41.6 million as additional lifestyle benefits were added for customers as we invest in and develop the telecom business as part our long-term strategic planning. Acquisition of Astel Group Ltd On April 30, 2025, the Company acquired 100% interest in Astel Group Ltd. Astel Group Ltd. is a provider of digital solutions and telecommunications services, and ranks among the largest telecom operators in Kazakhstan. Astel Group Ltd provides advanced IT solutions including information security and cloud services. The purpose of the acquisition of Astel Group Ltd was to use the acquired assets and licenses to develop our telecommunications business. As of April 30, 2025, the date of the acquisition of Astel Group Ltd, the fair value of net assets of Astel Group Ltd was $20.6 million. The total purchase price was $22.3 million. About Freedom Holding Corp. Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company conducting securities brokerage, investment research, investment counseling, securities dealing, commercial banking and insurance products through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 10,054 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company has its main market of operations in Kazakhstan and has operations through its subsidiaries in 22 countries. To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com. Cautionary Note Regarding Forward-Looking Statements This release contains "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intentions and expectations including our plans to enter the telecommunications market, our expectations with respect to further years and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Website Disclosure Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation. View source version on businesswire.com: https://www.businesswire.com/news/home/20250808971322/en/ Contacts Natalia Kharlashina Public Relations Freedom Holding Corp. +7 701 364 1454 [email protected] Ramina Fakhrutdinova (KZ) Public Relations Freedom Finance JSC +7 777 377 8868 [email protected] Media Contact for Freedom US Markets Deborah Kostroun, Zito Partners [email protected] +1 201-403-8158