Freedom Holding Earnings Reports

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.