Freedom Holding Corp. targeted by prolonged media campaign that may have cost up to $50 million
Freedom Holding Corp. and its founder Timur Turlov have been the target of a prolonged media campaign in Kazakhstan for seven years, potentially costing up to $50 million. This sustained negative coverage, primarily from Russian-language internet sources, is unusual for the local market and is speculated to be a form of systemic competitive rivalry rather than blackmail. Despite the campaign, Freedom Holding Corp. has seen substantial growth in its market performance and expanded its financial and technological ventures.
Freedom Holding Corp.: Cautious M&A, Turkey in Focus, and Bond Issuance of up to $500 Million
Freedom Holding Corp. is strategically expanding through cautious M&A, international capital markets, and ecosystem development following a strong quarter. The company is considering acquiring a bank in Kazakhstan, preparing an e-commerce deal, and seeking a bank in Turkey, planning to issue up to $500 million in bonds to finance these ventures. Additionally, Freedom Holding Corp. aims to launch its SuperApp in the U.S. market and continues to invest in infrastructure and technology projects in Kazakhstan.
Selection completed for the Freedom Asian Chess Initiatives (FACI) 2026 Project
The Kazakhstan Chess Federation has announced the selected national federations for the Freedom Asian Chess Initiatives (FACI) 2026 project, supported by Freedom Holding Corp., FIDE, and the Asian Chess Federation. Seven countries—Cambodia, Japan, Jordan, Kyrgyzstan, Nepal, Pakistan, and Turkmenistan—were chosen based on their potential for sustainable chess development. FACI aims to strengthen federations, enhance training, and promote cooperation, building on the success of the 2025 program which supported seven other federations.
Freedom Holding Corp stock hits 52-week low at 111.71 USD
Freedom Holding Corp (FRHC) stock has fallen to a new 52-week low of $111.71, marking a significant decline of 27.97% over the past year and 32.28% in the last six months. Despite this downturn and its stock trading 42.9% below its 52-week high, InvestingPro data indicates a high P/E ratio of 2550 and a "GOOD" financial health rating. The company's performance comes amidst economic challenges in Kazakhstan, where its services sector continues to contract, though the manufacturing sector shows signs of stabilization.
Experts say seven-year disinformation attack on Freedom Holding cost $20 million
Kazakhstan's media landscape has seen a seven-year-long disinformation campaign against Freedom Holding and its founder, Timur Turlov, identified by experts. This extensive negative PR effort has cost an estimated $20 million to $50 million, involving the generation of tens of thousands of negative "news" pieces, primarily on Telegram. The attack aims to damage the company's reputation and manipulate search engine results, suggesting an orchestrated effort by competitors reacting to Freedom Holding's aggressive business expansion.
Freedom24 Review: What You Need to Know Before You Get Started
This article provides a comprehensive review of Freedom24, a stockbroker offering a wide array of financial products including equities, ETFs, and bonds across numerous international markets. It delves into the company's history, product offerings, fee structure, trading platforms (web and mobile), and investment tools like Freedom Academy and investment ideas. The review also covers advantages, disadvantages, account opening procedures, customer feedback, and offers a final assessment of who Freedom24 is best suited for.
How Investors Are Reacting To Freedom Holding (FRHC) Softer Q3 Profits And Surging Digital User Growth
Freedom Holding Corp. reported softer Q3 fiscal 2026 profits, with revenue at US$628.62 million and net income at US$76.24 million, both slightly down year-over-year. Despite this, the company saw significant digital ecosystem growth, reaching 4.5 million banking customers, over 828,000 brokerage clients, and more than 7 million users overall. The investment narrative now centers on monetizing this growing user base and scaling new projects to stabilize margins amidst recent share price underperformance.
Freedom Holding Corp.: International expansion as a growth engine
Freedom Holding Corp., a Nasdaq-listed fintech company, has demonstrated strong growth and profitability, with revenues reaching $628.6 million and net profit nearly doubling to $76.2 million in Q3 fiscal year 2026. The company attributes its success to a long-term strategic international expansion, an ecosystem approach that serves over 7.2 million clients, and investments in infrastructure like telecom networks and data centers. Its global market recognition is affirmed by inclusion in the Russell 3000 Index and BlackRock becoming a significant shareholder.
How Investors Are Reacting To Freedom Holding (FRHC) Softer Q3 Profits And Surging Digital User Growth
Freedom Holding Corp. reported softer Q3 fiscal 2026 profits, with revenue at US$628.62 million and net income at US$76.24 million, reflecting a slight decrease from the previous year. Despite this, the company showcased significant digital ecosystem growth, attracting 4.5 million banking customers and over 828,000 brokerage clients, totaling more than 7 million users. This performance highlights a tension between immediate profitability and the potential for future monetization through its expanding digital reach and new project scaling.
Freedom Holding Corp: How Global Expertise Fuels Freedom’s Telecom Ambitions
Freedom Holding Corp.'s global telecom unit, Freedom Telecom International (FTI), has signed a memorandum of understanding with UAE-based tech giant e& to explore business opportunities in fintech, digital financial services, and telecommunications across international markets. This agreement provides Freedom Holding access to significant global experience and scale, accelerating the growth of its telecom business and broader digital ecosystem. The collaboration is seen as a strategic step towards a wider partnership, leveraging e&'s extensive presence in emerging markets and Freedom's expanding telecommunications capabilities beyond its core financial services.
Freedom Holding Corp. reports $1.7 billion in revenue for 9 months of FY2026
Freedom Holding Corp. announced robust financial results for Q3 FY2026, ending December 31, 2025, with total net revenue reaching $628.6 million for the quarter and $1.7 billion for the nine-month period. The company expanded its customer base to 7.2 million across brokerage, banking, and insurance services, driven by its SuperApp ecosystem. A significant development was a strategic agreement with the Government of Kazakhstan and OpenAI to provide ChatGPT Edu access to 165,000 teachers.
Evolution of Infrastructure: How Freedom is Transforming into a Service Ecosystem
Freedom Holding Corp. aims to establish a comprehensive digital infrastructure in Kazakhstan, shifting from individual product offerings to a service-based ecosystem. This strategic change, discussed at the FRHC Board of Directors Summit, reflects the company's significant growth, with revenue reaching $1.7 billion and 7.2 million clients, and aligns with global trends like integrated financial services and the rise of super apps. The transformation seeks to enhance systemic resilience, contribute to national development, and position Freedom as a foundational digital infrastructure provider.
Assessing Freedom Holding Corp. (FRHC) Valuation After Softer Third Quarter And Nine‑Month Earnings
Freedom Holding Corp. (FRHC) recently reported softer Q3 and nine-month earnings, with both revenue and net income declining year-over-year. The company's stock has seen a recent downturn after a strong multi-year run, prompting questions about its current valuation. While its Price-to-Sales ratio of 4.8x appears overvalued compared to industry peers, a Discounted Cash Flow model suggests the stock is trading above its estimated future cash flow value.
Freedom Holding Corp. reports $1.7 billion in revenue
Freedom Holding Corp. (FRHC) announced strong financial results for the first nine months of fiscal year 2026, with $1.688 billion in revenue and $145 million in net profit. In Q3 alone, the company reported $628.6 million in revenue and $76.2 million in net profit, signifying a significant rebound from the previous quarter. The company continues to expand its client base, which now exceeds 6.2 million across banking, insurance, and brokerage services.
Freedom Holding Corp. Reports Financial Results for the Nine Months and Quarter Ended December 31, 2025
Freedom Holding Corp. announced strong financial results for the three and nine months ended December 31, 2025, showing significant growth in total assets to $12.38 billion and shareholders' equity to $1.40 billion. The company reported a net income of $76.2 million for the quarter and diluted EPS of $1.25, driven by a diversified revenue mix and substantial growth in both banking and brokerage customer bases. Its CEO, Timur Turlov, highlighted the success of their digital ecosystem strategy, which now serves over 7 million customers.
Freedom Holding Corp. Reports Financial Results for the Nine Months and Quarter Ended December 31, 2025
Freedom Holding Corp. announced strong financial results for the nine months and quarter ended December 31, 2025, with total assets reaching $12.38 billion and shareholders' equity increasing to $1.40 billion. The company reported a net income of $76.2 million for the quarter, driven by significant growth in operating cash flow and an expanded customer base across its brokerage, banking, and insurance segments. CEO Timur Turlov highlighted the success of their diversified digital ecosystem, which now serves over 7 million customers and is experiencing international expansion.
Freedom Holding Corp. Reports Third Quarter Fiscal Year 2026 Financial Results
Freedom Holding Corp. announced its financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The company reported total revenue, net, of $628.6 million and net income of $76.2 million, with basic earnings per share at $1.27. Customer growth was a highlight, with brokerage customers increasing by 145,000, banking customers by two million, and other segments also showing growth.
Freedom Holding Corp. Reports $1.7 Billion in Revenue for the First Nine Months of FY 2026
Freedom Holding Corp. announced its financial results for the third quarter of fiscal year 2026, reporting $628.6 million in revenue for the quarter and maintaining strong liquidity and client base growth despite a volatile macroeconomic environment. The company's total client count exceeded 11 million, and it made a significant philanthropic contribution through its "Freedom Shapagat" foundation and signed a strategic agreement to provide ChatGPT Edu access to Kazakhstani educators.
Assessing Freedom Holding Corp. (FRHC) Valuation After Softer Third Quarter And Nine‑Month Earnings
Freedom Holding Corp. (FRHC) recently reported softer Q3 and nine-month earnings, with both revenue and net income lower than the previous year. The company's stock has seen a decline in recent short-term returns after a strong multi-year run, prompting questions about its valuation. Analysis shows FRHC trading at a Price-to-Sales ratio of 4.8x, which is considered overvalued compared to industry peers, and its Discounted Cash Flow model also suggests overvaluation.
Freedom Holding Corp. Eyes U.S. Debt Market to Fund Telecom and Data Center Expansion
Freedom Holding Corp., led by Kazakhstani billionaire Timur Turlov, is considering entering the U.S. debt market to raise $300-500 million for expanding its telecom infrastructure and building data centers. This move aims to fund large-scale investment in digital infrastructure to provide cloud services to major tech companies, government institutions, and private businesses, shifting the group's strategy towards a more capital-intensive, infrastructure-based business model. Turlov emphasizes the importance of building long-term relationships with U.S. investors and the strategic integration into the global capital market, while also exploring international expansion for its Superapp.
Lobbying Update: $90,000 of FREEDOM HOLDING CORP lobbying was just disclosed
FREEDOM HOLDING CORP (FRHC) recently disclosed $90,000 in lobbying expenditures for Q4 2025, focusing on critical minerals in Kazakhstan, HR 1024 (US-Kazakhstan Trade Modernization Act), and financial services. Insider trading showed recent activity with one purchase and one sale, while institutional investors had mixed movements with 78 adding and 65 decreasing their positions in Q3 2025.
Freedom Holding considers HK share offering as part of growth plans, CEO says
Freedom Holding, a Kazakhstan-based financial services company primarily listed on NASDAQ, is exploring a secondary public offering in Hong Kong to support its ambitious expansion plans. CEO Timur Turlov announced intentions to acquire or establish banks in Europe and Turkey, and potentially expand into Pakistan, while confirming the company has no plans to return to the Russian market. These moves aim to integrate Eurasian economies and grow the company's footprint beyond Central Asia.
Freedom Holding's (NASDAQ:FRHC) investors will be pleased with their stellar 107% return over the last five years
Freedom Holding Corp. (FRHC) shareholders have seen a 107% return over the past five years, despite a recent 13% drop in share price and a 22% decline over the last year. While earnings per share are down 40% annually, revenue growth of 36% per year suggests the company is prioritizing growth. Insider purchases indicate confidence, but investors should consider fundamental data for long-term growth trends.
Freedom Holding plans to acquire another bank and marketplace in Kazakhstan
Freedom Holding Corp. CEO Timur Turlov announced plans to acquire another bank and a local marketplace in Kazakhstan, as well as a second-tier bank in Turkey. The company is considering issuing up to $500 million in bonds to finance these acquisitions and also plans to expand its SuperApp into a digital ecosystem in the U.S. Additionally, Freedom Holding aims to raise an extra $200-300 million for technology investments, including a sovereign AI hub with Nvidia.
Relative Strength Alert For Freedom Holding
Shares of Freedom Holding Corp (FRHC) recently entered oversold territory with a Relative Strength Index (RSI) reading of 29.0, falling below the typical oversold threshold of 30. This signal suggests that the stock may be due for a rebound, according to technical analysis. The article highlights that a bullish investor might consider this an entry point, as the S&P 500 ETF (SPY) has a current RSI of 54.9.
(FRHC) and the Role of Price-Sensitive Allocations
This article analyzes Freedom Holding Corp. (NASDAQ: FRHC), highlighting weak near and mid-term sentiment despite a neutral long-term outlook. It details an exceptional 64.0:1 risk-reward setup targeting an 18.3% gain. The piece also outlines three institutional trading strategies tailored for different risk profiles.
Kazakh Billionaire Weighs Dollar, Yuan Debt Sales to Fund Growth
Billionaire Timur Turlov, founder of Freedom Holding Corp., is considering issuing debt in dollars and yuan to finance the company's expansion. This move comes as Freedom Holding grows its diverse ecosystem in Kazakhstan, which already includes a retail brokerage, a bank, insurance companies, and other services. The decision is whether Freedom Bank or the Nasdaq-listed holding company will be the issuer, potentially paving the way for further acquisitions.
Renat Tukanov: “The key role of IT is to help business grow”
Renat Tukanov, Group CTO of Freedom Holding Corp., discusses the strategic importance of IT in driving business growth for the $10 billion ecosystem. He explains how the Group CTO role differs from a traditional CTO by focusing on company-wide technological consistency and growth, emphasizing the centralization of services where critical, and detailing how IT contributes to economic indicators like cost savings (e.g., $8 million saved last year). Tukanov also highlights the challenges of scale and human interaction in integrating services and the importance of culture, trust, and systems thinking for successful ecosystem development.
How Investors May Respond To Freedom Holding (FRHC) Expanding AI Fintech Ecosystem And Securing Abu Dhabi License
Freedom Holding (FRHC) recently expanded its fintech ecosystem, including an AI Hub partnership with Nvidia, and its banking arm is now Kazakhstan's third-largest. The company's Freedom Broker Global Markets also secured a Financial Services Permission in Abu Dhabi, establishing it as a key international hub for institutional and high-net-worth clients in the Middle East. While these developments are strategically important, investors must weigh them against the company's current profitability concerns, thin margins, and recent stock underperformance.
Freedom broker global markets secures ADGM license, expanding Freedom Holding Corp.’s footprint in the UAE
Freedom Broker Global Markets, a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), has obtained a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). This license is a key part of the group's global expansion into the UAE, establishing Abu Dhabi as a primary international hub, and allowing the firm to expand its services in the region. The move highlights Freedom Holding Corp.'s strategy to strengthen its integrated global financial group presence in the Middle East, Europe, Central Asia, Asia, and the United States.
Freedom (NASDAQ:FRHC) Upgraded to "Hold" at Wall Street Zen
Wall Street Zen upgraded Freedom (NASDAQ:FRHC) from a "sell" to a "hold" rating, though the consensus remains a "Sell" with a $155 price target. The company reported $0.63 EPS on $526.11 million revenue, but its low net margin of 0.23% and ROE of 0.38% indicate low profitability. Several institutional investors have recently adjusted their holdings in Freedom.
Freedom Holding Corp. Turns Regulatory Trust into a Competitive Advantage
Freedom Holding Corp. (FRHC), listed on Nasdaq, distinguishes itself by prioritizing rigorous regulatory compliance even as it expands internationally, viewing it as a competitive advantage rather than a hindrance. The company's strategy, exemplified by its recent authorization from the Abu Dhabi Global Market (ADGM), emphasizes building long-term trust with regulators and clients through transparency and discipline. This approach allows Freedom Holding to operate with a broad mandate in new markets, demonstrating that sustainable growth in today's financial landscape depends on a strong reputation and adherence to a single, high standard of corporate governance across all its markets.
Kazakhstan Stock Exchange : KASE posts on own website December review of PMI of Kazakhstan's service sector by Freedom Holding Corp.
The Kazakhstan Stock Exchange (KASE) has published a December 2025 review of the Purchasing Managers' Index (PMI) of Kazakhstan's service sector, provided by Freedom Holding Corp. The review highlights a mixed performance, with a slower decline in business activity but continued downward trend in new orders. It notes easing inflationary pressures tied to consumer price sensitivity, and a cooling business sentiment due to impending tax changes, leading to adjusted 12-month expectations.
Freedom Holding stock today: FRHC slides 3% in year-end session as markets drift lower
Freedom Holding (FRHC) shares fell approximately 3% to $121.99 in afternoon trading on December 31, 2025, during a holiday-thin, low-liquidity market. This decline outpaced some brokerage peers, and investors are looking ahead to the company's next quarterly update following previous reports which highlighted significant investment spending aimed at building a technology-driven ecosystem. The stock has shown volatility into year-end, with the $120 area becoming a key indicator for risk appetite.
The Technical Signals Behind (FRHC) That Institutions Follow
This article analyzes the technical signals for Freedom Holding Corp. (NASDAQ: FRHC), highlighting a weak near-term sentiment that could lead to bearish positioning. It details three AI-generated trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—tailored for different risk profiles. The analysis also provides multi-timeframe signal data, including support and resistance levels.
9,349 Shares in Freedom Holding Corp. $FRHC Purchased by Highland Capital Management LLC
Highland Capital Management LLC has purchased 9,349 shares of Freedom Holding Corp. (NASDAQ:FRHC) worth approximately $1.61 million, establishing a new position in the company. Despite this, institutional ownership remains low at 1.26%, and analysts largely maintain a "Sell" rating with an average price target of $100. The stock recently traded at $131.33, with a market capitalization of $8.03 billion.
Freedom Holding Corp.'s (NASDAQ:FRHC) most bullish insider, CEO Timur Turlov must be pleased with the recent 3.3% gain
Freedom Holding Corp. (NASDAQ:FRHC) CEO Timur Turlov, the company's most significant insider, likely benefited from the recent 3.3% gain in the stock, as insiders collectively hold 70% ownership. Turlov alone owns 69% of the company, giving him substantial control and aligning his interests with its growth. Institutional investors currently hold a small stake, suggesting the company is gaining attention but is not yet widely popular among professional investors.
Freedom Holding Corp.'s (NASDAQ:FRHC) most bullish insider, CEO Timur Turlov must be pleased with the recent 3.3% gain
Freedom Holding Corp.'s CEO, Timur Turlov, who owns 69% of the company, likely benefited from the recent 3.3% market cap increase. Insiders collectively hold a 70% ownership stake, indicating significant control and alignment with the company's growth. While institutional ownership is small, the general public holds a 25% stake in the company.
Freedom Holding Corp.'s (NASDAQ:FRHC) most bullish insider, CEO Timur Turlov must be pleased with the recent 3.3% gain
Freedom Holding Corp.'s CEO, Timur Turlov, who is also the most significant insider shareholder with 69% ownership, will likely be pleased with the company's recent 3.3% market capitalization increase. Insiders collectively own 70% of the company, indicating a strong alignment with shareholder interests. The general public holds a 25% stake, while institutional ownership is minimal, suggesting the company is not yet a mainstream institutional investment.
How Freedom Holding Corp. Is Scaling Its Business Beyond Kazakhstan
Freedom Holding Corp. is expanding its business beyond Kazakhstan by transferring its digital ecosystem, including banking, investment, payments, insurance, and telecommunications services, into new jurisdictions like Turkey, Georgia, Tajikistan, and European countries. The company focuses on adapting its proven model to local conditions while preserving its technological core, rather than aggressively acquiring assets. Their strategy emphasizes sustainable growth through methodical integration of services, often leveraging a super-app approach.
Freedom Holding Evaluates Its Path Toward the Turkish Market
Freedom Holding Corp. is exploring entry into the Turkish financial sector, as stated by CEO Timur Turlov. The company prefers establishing a presence through licensing and building its digital-first infrastructure rather than major acquisitions. While interested in the market, Freedom Holding will only proceed once concrete agreements are reached and aims to leverage its technological ecosystem for regional growth.
Global Banking Summit: Timur Turlov Explains Why Freedom Holding Corp. Is Buying Its Own Technologies
At the Global Banking Summit in London, Timur Turlov, CEO of Freedom Holding Corp., discussed the company's strategy of acquiring its own technologies. He emphasized that IT is a core competence for modern financial institutions and that controlling internal technological solutions provides a competitive advantage. Turlov also highlighted the importance of attracting and retaining top engineering talent to build leading digital banks.
New York State Common Retirement Fund Purchases Shares of 7,500 Freedom Holding Corp. $FRHC
The New York State Common Retirement Fund has acquired a new stake of 7,500 shares in Freedom Holding Corp. (NASDAQ:FRHC) during the second quarter, valued at approximately $1.095 million. Despite other institutional investors also increasing their positions, overall institutional ownership remains low at 1.26%. Analysts currently have a "Sell" rating on FRHC with an average price target of $100.00, significantly below its current trading price of around $134.07 and an unusually high P/E ratio of 2,234.50.
At What Stage Is Freedom Holding’s Licensing Process in Türkiye? Timur Turlov Explains
Freedom Holding Corp. is nearing the final stages of its licensing process in Türkiye, aligning IT systems with local standards, with CEO Timur Turlov expecting full-scale brokerage product development to begin within a quarter. The company also plans to open a bank next year to build a comprehensive financial ecosystem similar to its successful model in Kazakhstan. This expansion is viewed as a long-term investment to strengthen its presence in the Eurasian financial space.
Kazakh Freedom Holding confirms expansion plans in Türkiye, reportedly eyes TurkishBank
Freedom Holding, a Kazakh brokerage and investment group, has confirmed plans to expand into the Turkish fintech sector, potentially by acquiring a smaller institution like TurkishBank. CEO Timur Turlov stated that Türkiye is a "logical next step" in their regional strategy, emphasizing their aim to develop agile, tech-driven solutions and build a network of digital banks across Central Asia and the Turkic world. The company aims to facilitate seamless cross-border financial transactions using its proprietary technology.
Timur Turlov warns high rates will shrink mortgage market further
Kazakhstan’s mortgage market is expected to shrink further due to rising costs, making loans too expensive for banks. Timur Turlov, CEO of Freedom Holding Corp., stated that market-based mortgage lending is becoming excessively costly, with rates approaching 20%, and will likely decline further next year given an 18% base rate. He also highlighted that government programs are currently the primary drivers of mortgage lending, primarily through Otbasy Bank, suggesting that commercial banks could also effectively implement these state-backed initiatives.
Freedom Telecom International: Guiding Telcos on the Journey to Adapt Fintech Solutions
Freedom Holding Corp. launched Freedom Telecom International (FTI) in 2025, a new subsidiary headquartered in Dubai, to bridge the telecommunications and fintech sectors. FTI aims to empower telecom operators with innovative financial technologies and scalable solutions, leveraging Freedom Holding's extensive digital ecosystem and global presence. Led by CEO Johannes Hummer and VP Daniel Szabo, FTI seeks strategic partnerships to drive digital and financial inclusion, create new revenue opportunities, and foster sector-wide growth.
Rhumbline Advisers Buys Shares of 16,998 Freedom Holding Corp. $FRHC
Rhumbline Advisers has established a new position in Freedom Holding Corp. (NASDAQ:FRHC) by purchasing 16,998 shares valued at approximately $2.48 million during the second quarter. The stock has a consensus "Sell" rating from analysts with an average price target of $100. Despite new institutional investments, FRHC shares trading down ~3.1% at $132.66 on Monday, reflecting a cautious outlook from analysts.
Kazakh Freedom Holding Said to Mull Buying TurkishBank
Kazakh Freedom Holding Corp. is reportedly in talks to acquire TurkishBank AS, though discussions are ongoing and no final decision has been reached. Any potential deal would require approval from Turkish regulators.
Freedom Holding Corp. (FRHC): Six years on NASDAQ
Freedom Holding Corp. (FRHC) recently marked six years on NASDAQ, having been the first financial firm from the CIS region to list on a major U.S. exchange. The company has evolved from a specialized financial group into a comprehensive digital ecosystem, demonstrating significant growth in market value, revenue, client base, and workforce. Its strategic acquisitions and expansion into various sectors, coupled with substantial institutional investor interest from firms like BlackRock and Vanguard, underscore its success.
