Freedom Holding Corp., the parent company of Freedom24, reported a 40% year-on-year increase in total net revenue in the first quarter of fiscal 2027, reaching $732.5 million. The results cover the three months ended June 30, 2026.
Net income fell to $31.7 million, or $0.52 per diluted share, compared with $37.4 million and $0.61 per share a year earlier. Total assets reached $14 billion, up from $13.2 billion at the end of March.
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Brokerage And Banking Lead Growth
The company’s performance was driven primarily by its brokerage and banking businesses. Brokerage revenue increased 60% to $282.6 million, supported by higher fee and commission income and stronger interest income. The number of retail brokerage customers reached 874,000.
Banking revenue rose 54% to $225.2 million, helped by foreign exchange operations, gains on trading securities and higher interest income. The banking customer base grew to 5.4 million from 5 million in the previous quarter.
Customer Base Continues To Expand
Across its banking, brokerage, insurance and other businesses, Freedom Holding had 8.74 million customers at the end of June.
Founder and CEO Timur Turlov said the results reflected continued growth across the company’s businesses, while highlighting the role of its digital fintech strategy and Freedom SuperApp.
Expansion Of The Digital Ecosystem
During the quarter, Freedom Holding expanded its digital ecosystem by acquiring 100% of ChessBase GmbH, a company specialising in chess software, analytics and database solutions.
The group also received an upgrade from S&P Global Ratings, which raised the long-term issuer credit ratings of several Freedom subsidiaries from “B+” to “BB-”, with stable outlooks. The upgrade reflected improvements in financial discipline, risk management and compliance.
The company’s latest results show strong revenue growth, although profitability declined compared with the same period last year.
