S&P Global Ratings has bumped up ratings of several Freedom Holding Corp. subsidiaries,reflecting company's growth . Ratings for Freedom Finance JSC,Freedom Finance Europe Ltd ., Freedom Finance Global PLC,and Freedom Bank Kazakhstan JSC now sit at “BB-” with stable outlooks,as announced June 25,2026.
Also,long-term Kazakhstan national scale ratings for Freedom Finance JSC and Freedom Bank Kazakhstan JSC rose to “kzA-.” This comes after S&P affirmed positive outlook for Kazakhstan’s sovereign rating. Meanwhile,Freedom Holding Corp.'s own rating stays at “B-,” with a stable outlook.
S&P says Freedom Holding Corp. has made strides in risk management across its subsidiaries. Better monitoring and control expected,covering risks from sanctions compliance to cybersecurity and cryptocurrency. Agency sees strong capitalization metrics holding over next 12 to 24 months,despite ongoing investments in telecom and consumer lifestyle sectors.
Financial figures strong. Freedom reported record revenue of $2.19 billion for fiscal year 2026. Net income jumped to $153.3 million, doubling from year before . Client base expanded sharply,with banking users doubling to 5.03 million and brokerage clients up 26% to 858,000. Digital ecosystem now reaches over 14 million clients globally.
“The expansion of our digital ecosystem beyond our home region is a key element of our long-term development strategy,” said Timur Turlov, CEO of Freedom Holding Corp.
Freedom's SuperApp mobile app gaining traction,with about 2.6 million monthly active users as of March 2026 . Company pushing into international markets,planning to get banking and brokerage licenses in Turkey and expand in US and Middle East .
By May 1,2026,Freedom's European brokerage business had 453,000 clients. Company eyeing more growth,applying for a banking license in France and setting aside €500 million for digital ecosystem there. Also plans $300 million investment in Turkey,after acquiring 99.32% of a Turkish bank's shares.
Freedom Holding Corp. operates in 22 countries,including Kazakhstan,US,and multiple European nations. Offers diverse financial services: banking, brokerage, insurance,lifestyle. Headquartered in New York City,publicly traded on NASDAQ,Kazakhstan Stock Exchange,and Astana International Exchange under ticker FRHC. Regulated by U.S. SEC and part of Russell 3000 Index.
