Freedom Holding Corp (FRHC) investor relations material

Executive summary

• Reported Q3 FY2026 revenue of $628.6 million to $629 million and net income of $76.2 million, with total assets reaching $12.4 billion as of December 31, 2025; client base exceeded 7.1 million across 21 countries.

• Digital ecosystem integrates 12 businesses, including brokerage, banking, insurance, telecom, e-commerce, and lifestyle services, with SuperApp and Freedom Currency initiatives surpassing 4.3 million registered users by year-end.

• Basic EPS for Q3 was $1.27, diluted EPS $1.25; nine-month net income was $145.4 million, down from $226.9 million year-over-year.

• Customer growth was strong in brokerage and banking, with brokerage customers up by 145,000 and banking customers up by 2 million over nine months.

Financial highlights

• Q3 revenue was $628.6 million to $629 million, up 20% year-over-year by some measures but down 5% by others, mainly due to lower insurance premiums and trading gains; net profit was $76 million to $76.2 million.

• Assets reached $12.4 billion and equity $1.4 billion as of December 31, 2025.

• Interest income for Q3 was $228.8 million, up 2% year-over-year; insurance premiums earned fell 40% to $106.9 million due to regulatory caps.

• Total expenses for Q3 were $534.7 million, with payroll and bonuses at $397 million; for nine months, expenses were $1,493.2 million.

• Fee and commission income for the quarter was $126.1 million, down 12% year-over-year.

Outlook and guidance

• Management expects continued digital ecosystem and telecom growth, with significant capital expenditures planned for telecom infrastructure.

• No cash dividends are anticipated as earnings are retained for business expansion.

• Forward-looking statements caution about economic, regulatory, and market risks.