Freedom Holding Corp.'s stock surged 5.60% during intraday trading on Tuesday, following the release of the company's impressive fiscal 2026 financial results.
The multinational investment and technology company reported that its net income more than doubled to $153.3 million, representing approximately 101% year-over-year growth compared to fiscal 2025. Total revenue reached a record $2.19 billion, marking 9% growth from the previous year. The company's customer base expanded significantly across all business segments, with banking customers doubling to 5.03 million and brokerage customers increasing to 858,000.
Additional 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 with expected investment of $2 billion.
Comments