Freedom Holding delivered solid Q3 FY2026 results with high revenue from interest income, trading gains, and foreign exchange operations, leading to strong net income and earnings per share.

Freedom Holding Corp. posted net income of $30.4 million for Q1 FY2026, driven by strong interest and insurance income. Operating expenses rose, notably from payroll and stock compensation, but the company maintained profitability. EPS came in at $0.51, slightly lower than the prior year. Total revenue reached $533.4 million.

Freedom Holding Corp. reported a substantial increase in total revenues, net, reaching $655.2 million for the three months ended December 31, 2024, up 57% from $418.6 million in the same period last year. This growth was primarily fueled by a 125% increase in insurance underwriting income, a significant net gain on trading securities, and a 19% rise in fee and commission income. Despite the revenue growth, net income decreased by 19% to $78.1 million, compared to $96.1 million in the prior year, mainly due to higher expenses across various categories including fee and commission, insurance claims, payroll, and advertising.