Freedom Holding Q1 Revenue Jumps 40% to $732.5M, But Net Income Drops 15%
FRHC sits 38% above its 52-week low of $107.975 on light trading volume (0.3× avg).
Summary
Freedom Holding Corp. reported Q1 FY2027 revenue of $732.5 million, a 40% increase driven by 60% growth in brokerage and 54% in banking. Net income fell 15% to $31.7 million as expenses rose 45%, with insurance claims and interest costs weighing on margins. Earnings per share were 52 cents. The company completed its acquisition of a 99.32% stake in Turkish Bank A.Ş. and added ChessBase GmbH, expanding its digital ecosystem. Total assets reached $14.05 billion, and the banking segment added over 400,000 customers in the quarter. This follows the $300 million Regulation S offering completed in July and the CFO transition announced in June.
At the time of this announcement, FRHC was trading at $148.98 on NASDAQ in the Finance sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $107.98 to $192.71. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: FinanceWire.