Nasdaq-listed financial group Freedom Holding Corp. said on Tuesday that fiscal 2026 net income more than doubled to $153.3 million and total revenue, net rose 9% to a record $2.19 billion for the year ended March 31, 2026.
Total assets increased 33% to $13.16 billion. Brokerage customers rose from 683,000 to 858,000, while banking customers doubled from 2.52 million to 5.03 million.
The profit jump was driven largely by market-sensitive line items. Net gains on trading securities climbed 375% to $158.8 million, and net gains on derivatives rose 438% to $66.8 million. Fee and commission income fell 3% to $489.8 million, and insurance revenue dropped 29% to $402.4 million following changes to Kazakhstan legislation on borrowers’ life insurance.
The company’s SuperApp, which bundles banking, brokerage, insurance, and consumer services, reached more than 5 million total users by March 2026. Monthly active users hit 2.59 million, up from 1.02 million a year earlier.
Freedom’s UAE subsidiary received a brokerage license from the Abu Dhabi Global Market regulator during the year. The company also signed a deal to acquire roughly 99.32% of Turkish Bank A.S., subject to regulatory approval, and announced a planned $2 billion sovereign AI infrastructure project in Kazakhstan with NVIDIA.
