S&P Global Ratings revises Freedom24 outlook to positive, highlighting the group's diversified earnings and strong capitalisation

S&P revised the outlook for Freedom Holding Corp and four subsidiaries to positive from stable, citing improved banking-sector risks in Kazakhstan, stronger capitalization, and diversified earnings. Ratings were affirmed at BB-/B for subsidiaries and B- for the parent. Q1 2027 revenue grew 40% YoY to $732.5M, with net income at $31.7M. S&P expects lower interest rates to boost securities market attractiveness. The group's strong financials and risk management were highlighted.

Freedom Holding Corp. (FRHC) is expanding its technology cooperation with China, focusing on AI, cloud services, and digital finance. The company has signed agreements with Alibaba Cloud, Tencent, and others to integrate payment systems and develop cloud infrastructure in Kazakhstan. Trade between Kazakhstan and China reached $49 billion last year, with Chinese investment exceeding $30 billion. Freedom Holding aims to scale its digital model globally, including Europe and the U.S.

Freedom Holding Corp. (NASDAQ: FRHC) subsidiary Freedom Yatırım received a brokerage license in Türkiye, marking its entry into the market. The company plans to offer investment services and build infrastructure linking Turkish and international markets. Freedom Holding Corp. has $14B in assets, with brokerage accounting for 39% of net revenue. It aims to create a digital financial ecosystem in Türkiye.

Freedom Holding Corp. (NASDAQ: FRHC) reported Q1 FY2027 revenue up 40% to $732.5 million, with brokerage revenue up 60% to $282.6 million and banking revenue up 54% to $225.2 million. Net income was $31.7 million ($0.52 diluted). Total assets rose to $14.05 billion. The company also acquired ChessBase GmbH and a 99.32% stake in Turkish Bank A.Ş.

Freedom Holding Corp. (NASDAQ:FRHC) said its subsidiary Freedom Finansal Hizmetler A.S. completed the acquisition of 99.32% of Turkish Bank A.S. from entities affiliated with Özyol Holding A.S. and National Bank of Kuwait. The bank was renamed Freedom Bank A.S. after regulatory and competition approvals, with a new board elected.

Freedom Holdings Corp. (FRHC) shares fell about 8% after the company said it completed a $300 million ordinary share offering of about 2.4 million shares at roughly $126.35 each. The stock was around $153.16 on Nasdaq, down from the prior close of $166.09.