Stock Track | Freedom Holding Soars 5% in Pre-Market on Strong Fiscal 2026 Earnings with Doubled Net Income

Stock Track06-02 21:28

Freedom Holding Corp.'s stock surged 5.00% in pre-market trading following the release of its fiscal 2026 financial results, which showed the company more than doubled its net income and achieved record revenue.

The multinational investment and technology company reported net income increased approximately 101% to $153.3 million, compared with $76.2 million in fiscal 2025. Total revenue reached a record $2.19 billion, representing 9% year-over-year growth. The company's customer base expanded significantly across all business lines, with banking customers doubling to 5.03 million and brokerage customers increasing to 858,000.

Other positive developments included S&P Global Ratings revising its outlook on several Freedom entities from stable to positive, Moody's assigning Freedom Bank Kazakhstan ratings with a stable outlook, and the company's shares being included in the Russell 3000 Index. The company also announced expansion into telecommunications, cloud services, and media initiatives, along with plans to create sovereign NVIDIA artificial-intelligence infrastructure in Kazakhstan.

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