Freedom Holding Corp

BlackRock Inc. has increased its stake in Freedom Holding Corp. (NASDAQ: FRHC) to 0.85%, valued at approximately $89 million, making them the second-largest shareholder. This investment reflects a growing confidence in Freedom Holding, also shared by other institutional investors like State Street Corp. Freedom Holding operates in 22 countries, providing a financial and digital ecosystem including Freedom Bank and Freedom Broker. Freedom Holding’s CEO, Timur Turlov, views this as validation of their business model and strategic value.

Freedom Holding Corp. (FRHC) reported a 17% year-over-year revenue increase in Q1 FY2026, reaching $533.4 million, driven by strong performance in its banking (+60%) and insurance (+18%) segments. Net income was $30.4 million, or $0.50 per diluted share. The company expanded its customer base and strategically invested in technology and market penetration, notably in Central Asia and Europe. The acquisition of Astel Group Ltd. further solidified its telecoms infrastructure.