Freedom prévoit de lancer en 2027 un premier nuage public de processeurs graphiques, ainsi que de développer une plateforme d'IA souveraine de 2 milliards de dollars
, /PRNewswire/ -- Freedom Holding Corp. (Nasdaq: FRHC) fait progresser ses projets relatifs aux infrastructures d'IA au Kazakhstan, notamment une plateforme d'IA souveraine de 2 milliards de dollars et son premier nuage public de processeurs graphiques, dont le lancement est prévu en 2027. Ce programme vise à élargir l'accès aux ressources informatiques pour les entreprises, les développeurs et les institutions publiques.
Timur Turlov (right), CEO of Freedom Holding Corp., and NVIDIA founder and CEO Jensen Huang. Astana, 23 October 2026 Freedom développe la plateforme d'IA souveraine dans le cadre d'un accord signé en novembre 2025 avec le ministère kazakhstanais de l'intelligence artificielle et du développement numérique. Le projet prévoit un site d'une puissance disponible de 100 MW. Freedom, qui exploitera la plateforme, est le principal partenaire financier et de mise en œuvre.
L'infrastructure prévue est destinée à soutenir l'entraînement des modèles d'IA, le traitement de données à grande échelle et le développement de services d'IA pour les entreprises et les gouvernements. L'accès à des ressources informatiques partagées permet aux organisations de mettre au point et d'exécuter des applications sans avoir à construire leur propre infrastructure de serveur.
Timur Turlov, directeur général de Freedom Holding Corp., a déclaré que la demande représentait déjà le double de la capacité prévue pour la première phase de la plateforme. D'importants clients potentiels ont manifesté leur volonté de louer des capacités futures pour une durée de cinq ans.
Freedom envisage de mettre à disposition sa première grappe de processeurs graphiques sous la forme d'un nuage public en 2027, offrant ainsi aux entreprises et aux développeurs un accès à une capacité de calcul adaptée aux charges de travail d'IA.
Freedom construit également sa supergrappe d'IA, conçue pour répondre aux besoins des gouvernements, des entreprises et de la science, dont la première phase est planifiée pour le premier trimestre de 2027. Un nouveau centre de données Freedom Cloud pour l'informatique en nuage est en construction près d'Almaty. Freedom Cloud compte déjà plus de 3 400 clients issus des secteurs public et privé.
L'écosystème technologique international de Freedom couvre les secteurs bancaire, du courtage, de l'assurance et des télécommunications, ainsi que des services liés aux nouvelles tendances de consommation tels que la billetterie, les voyages, le commerce électronique ou encore la livraison de repas.
Le 23 octobre à Astana, M. Turlov a rencontré Jensen Huang, fondateur et directeur général de NVIDIA, lors de la première visite de ce dernier au Kazakhstan. M. Turlov a présenté l'écosystème technologique de Freedom et ses projets relatifs aux infrastructures d'IA.
M. Turlov a fait remarquer que le Kazakhstan disposait d'un important vivier de talents qui créent déjà des technologies dans le commerce électronique et la finance. Cette réserve de compétences, associée à une infrastructure d'IA nationale, devient selon lui l'un des principaux atouts du pays dans la transformation numérique mondiale.
Le rôle de Freedom est de fournir l'infrastructure nécessaire pour soutenir ce développement. Son investissement dans les capacités de calcul et les services en nuage a pour objectif d'aider les entreprises et les développeurs à transformer leurs compétences locales en applications d'IA et en produits numériques.
La primera nube pública de GPU está prevista para 2027, mientras Freedom desarrolla un Sovereign AI Hub de 2.000 millones de dólares
, /PRNewswire/ -- Freedom Holding Corp. (Nasdaq: FRHC) está avanzando en sus planes de infraestructura de IA en Kazajstán, incluido un Sovereign AI Hub de 2.000 millones de dólares y el lanzamiento de su primera nube pública de GPU en 2027. El programa tiene como objetivo ampliar el acceso a los recursos informáticos para empresas, desarrolladores e instituciones públicas.
Timur Turlov (right), CEO of Freedom Holding Corp., and NVIDIA founder and CEO Jensen Huang. Astana, 23 October 2026 Freedom está desarrollando el Sovereign AI Hub en virtud de un acuerdo firmado en noviembre de 2025 con el Ministerio de Inteligencia Artificial y Desarrollo Digital de Kazajistán. El proyecto prevé un solar con 100 MW de potencia disponible. Freedom es el principal socio de financiación e implementación y operará el centro.
La infraestructura planificada está destinada a respaldar la capacitación de modelos de IA, el procesamiento de datos a gran escala y el desarrollo de servicios de IA para empresas y gobiernos. El acceso a recursos informáticos compartidos puede permitir a las organizaciones desarrollar y ejecutar aplicaciones sin crear su propia infraestructura de servidores.
Timur Turlov, consejero delegado de Freedom Holding Corp., ha dicho que la demanda ya duplica la capacidad prevista para la primera etapa del centro. Los principales clientes potenciales han expresado su voluntad de arrendar capacidad futura durante cinco años.
Freedom planea hacer que su primer clúster de GPU esté disponible como nube pública en 2027, brindando a las empresas y desarrolladores acceso a capacidad informática para cargas de trabajo de IA.
El grupo también está desarrollando Freedom AI Super Cluster, diseñado para servir al gobierno, las empresas y la ciencia, cuya primera fase está prevista para el primer trimestre de 2027. Se está construyendo un nuevo centro de datos Freedom Cloud cerca de Almaty. Freedom Cloud ya presta servicios a más de 3.400 clientes empresariales y del sector público.
El ecosistema tecnológico internacional de Freedom abarca banca, corretaje, seguros y telecomunicaciones, junto con servicios de estilo de vida que incluyen emisión de tickets, viajes, comercio electrónico y entrega de alimentos.
El 23 de octubre, Turlov se reunió con Jensen Huang, fundador y consejero delegado de NVIDIA, en Astana durante la primera visita de Huang a Kazajistán. Turlov presentó el ecosistema tecnológico de Freedom y sus planes de infraestructura de IA.
Turlov señaló que Kazajistán ha desarrollado una gran reserva de talentos que ya crean tecnología en el comercio electrónico y las finanzas. Combinado con la infraestructura nacional de IA, dijo, esto se está convirtiendo en una de las principales ventajas del país en la transformación digital global.
El papel de Freedom es proporcionar la infraestructura necesaria para apoyar ese desarrollo. Su inversión en capacidad informática y servicios en la nube tiene como objetivo ayudar a las empresas y desarrolladores a convertir la experiencia local en aplicaciones de inteligencia artificial y productos digitales.
First public GPU cloud planned for 2027 as Freedom develops a $2 billion Sovereign AI Hub
, /PRNewswire/ -- Freedom Holding Corp. (Nasdaq: FRHC) is advancing its AI infrastructure plans in Kazakhstan, including a $2 billion Sovereign AI Hub and the launch of its first public GPU cloud in 2027. The programme aims to expand access to computing resources for businesses, developers and public institutions.
Timur Turlov (right), CEO of Freedom Holding Corp., and NVIDIA founder and CEO Jensen Huang. Astana, 23 October 2026 Freedom is developing the Sovereign AI Hub under an agreement signed in November 2025 with Kazakhstan's Ministry of Artificial Intelligence and Digital Development. The project envisages a site with 100 MW of available power. Freedom is the principal financing and implementation partner and will operate the hub.
The planned infrastructure is intended to support AI model training, large-scale data processing and the development of AI services for business and government. Access to shared computing resources can enable organisations to develop and run applications without building their own server infrastructure.
Timur Turlov, CEO of Freedom Holding Corp., has said demand already stands at twice the planned capacity of the hub's first stage. Major prospective clients have expressed willingness to lease future capacity for five years.
Freedom plans to make its first GPU cluster available as a public cloud in 2027, giving businesses and developers access to computing capacity for AI workloads.
The group is also developing Freedom AI Super Cluster, designed to serve government, business and science, with its first phase planned for the first quarter of 2027. A new Freedom Cloud data centre is under construction near Almaty. Freedom Cloud already serves more than 3,400 business and public-sector clients.
Freedom's international technology ecosystem spans banking, brokerage, insurance and telecoms, alongside lifestyle services including ticketing, travel, e-commerce and food delivery.
On 23 October, Turlov met Jensen Huang, founder and CEO of NVIDIA, in Astana during Huang's first visit to Kazakhstan. Turlov presented Freedom's technology ecosystem and its AI infrastructure plans.
Turlov noted that Kazakhstan has developed a strong pool of talent already creating technology in e-commerce and finance. Combined with domestic AI infrastructure, he said, this is becoming one of the country's main advantages in the global digital transformation.
Freedom's role is to provide the infrastructure needed to support that development. Its investment in computing capacity and cloud services aims to help businesses and developers turn local expertise into AI applications and digital products.
Vancouver, BC, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF) (Frankfurt: 6BP0) (“Trident” or the “Company”) announces that, further to its news release dated September 21, 2026 (the “Prior Release”), and at the request of the TSX Venture Exchange (the “TSXV”), it is providing updated and additional information regarding its engagement of Freedom Financial Research, LLC (“FFR”) to provide marketing and investor awareness services to the Company. This news release restates, in full, the disclosure regarding the FFR engagement contained in the Prior Release, as updated and supplemented below, and supersedes that disclosure.
DALLAS--(BUSINESS WIRE)---- $LIB.v #criticalminerals--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) today provided an operational and commercial update. Since May 2026, LibertyStream has extracted and refined lithium carbonate at its Freedom Launchpad facility in Texas, which runs the full Freedom 1 process flow. A number of prospective end-user customers have validated this product or are completing their evaluation. Highlights Offtake discussions with.
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2026) - Freedom Gold Corp. (CSE: FRDM) (the "Company" or "Freedom"), announces an extension of its previously announced non-brokered private placement of up to 4,444,444 flow-through common shares ("FT Shares") at a price of C$0.18 per FT Share for gross proceeds of up to $800,000 (the "FTOffering"). The Company has extended the completion of the FT Offering until October 30, 2026. The Company also announces its intention to complete a non-brokered private placement of up to 1,666,666 units of the Company (each, a "Unit") at a purchase price of $0.12 per Unit for aggregate gross proceeds of up to $200,000 (the "Unit Offering") and to settle an aggregate of $25,654.89 of indebtedness through the issuance of common shares of the Company (the "Debt Settlement"), subject to applicable regulatory approvals. In addition, the Company is pleased to announce the appointment of Mr. Jimmy Gravel and Mr. George O'Reilly as directors of the Company, effective October 8, 2026. In connection with these appointments, Mr. Richard Goldstein tendered his resignation as a director of the Company, effective October 8, 2026.
Extension of FT Financing
All other terms and conditions of the FT Offering remain unchanged. For further details regarding the FT Offering, please refer to the Company's news release dated September 2, 2026.
Private Placement Offering of Units
Each Unit will be comprised of one common share in the share capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.18 per Common Share for a period of 24 months from the date of issuance. The net proceeds from the Unit Offering will be used for general working capital purposes. The Units, and the securities underlying the Units, issued pursuant to the Unit Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws, including National Instrument 45-106 - Prospectus Exemptions.
The Unit Offering remains subject to certain conditions, including, but not limited to, receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange (the "CSE"). The Company currently anticipates closing the Unit Offering on or about October 30, 2026.
The Company may pay finder's fees to eligible finders in connection with subscriptions under the Unit Offering.
Certain insiders of the Company may purchase Units under the Unit Offering. Accordingly, the Company may issue securities to one or more purchasers who are considered "related parties" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), and such subscriptions would constitute related party transactions within the meaning of MI 61-101 (the "Related Party Subscriptions"). Should any Related Party Subscriptions be completed, the Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101.
The foregoing securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Debt Settlement
The Company also announces that it intends to settle an aggregate of $25,654.89 of indebtedness owing to current and past directors of the Company for services rendered in such capacity, through the issuance of an aggregate of 213,790 common shares of the Company (the "Debt Settlement Shares") at a deemed price of $0.12 per Debt Settlement Share. The Debt Settlement Shares to be issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws. Completion of the Debt Settlement remains subject to customary closing conditions and regulatory approvals, including acceptance of the CSE.
Michel Lebeuf, a director and insider of the Company participated indirectly in the Debt Settlement and will receive 88,790 Debt Settlement Shares. The participation of Mr. Michel Lebeuf constitutes a "related party transaction" as defined under MI 61-101. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, on the basis that neither the fair market value of the securities to be issued to the insider, nor the consideration for such securities, exceeds 25% of the Company's market capitalization.
The Company expects that closing of the Debt Settlement will occur within 21 days of this press release and that it will not file a material change report in respect of the related party transactions at least 21 days before the closing. The Company deems this circumstance reasonable in order to complete the Debt Settlement in an expeditious manner.
The Debt Settlement Shares have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
Board Changes
Jimmy Gravel
Mr. Jimmy Gravel graduated from a business school specializing in sales and marketing more than 25 years ago. Over the past decade, he has developed extensive geological knowledge through field work alongside leading geologists, with a particular focus on advancing mining projects throughout Canada. Mr. Gravel currently serves as Chief Executive Officer, President and director of SLAM Exploration Ltd., a New Brunswick-based exploration company listed on the TSX Venture Exchange under the symbol SXL. He is also the President and founder of Florence Creek Inc., which is advancing a promising placer gold district in the Yukon, and the President and founder of NBGold Inc., a private exploration company that collaborates with several of New Brunswick's largest publicly traded mining companies. Previously, Mr. Gravel served as President and Chief Executive Officer of Genius Properties Ltd., a company listed on the CSE. Under his leadership, Genius Properties transitioned into Cerro de Pasco Resources Inc. through a strategic takeover, resulting in a company that currently has a market capitalization in excess of $450 million. Mr. Gravel remains a significant shareholder of several publicly traded companies and has been involved in the acquisition and disposition of numerous mining properties across Canada.
Mr. Gravel commented: "I am very excited to join the Board of Directors. The Company has very promising gold projects on the eastern coast of Canada, in Nova Scotia. Having worked with John Shurko for almost two decades now, I'm extremely confident that the Company has an excellent captain at the helm of this publicly traded vessel, and I'll gladly follow his leadership."
George A. O'Reilly M.Sc. Mineral Deposit Geologist (retired)
Upon graduating from Dalhousie University with a B.Sc. (Honours) in 1976, Mr. O'Reilly commenced his career with the Mineral Resources Division of the Nova Scotia Department of Mines and Energy (later the Department of Natural Resources), where he worked for 37 years. During his tenure, he obtained a Master of Science degree from Dalhousie University in 1988. The first 16 years of Mr. O'Reilly's career were devoted primarily to the mapping and study of mineral deposits associated with Nova Scotia's granitic terrains. In 1992, he assumed a supervisory role in the conversion of the province's hard-copy mineral occurrence card files into a digital Mineral Occurrence Database. Field verification of mineral occurrences throughout Nova Scotia, together with the maintenance and updating of the database, became the primary focus of the remainder of his career until his retirement in 2013. As part of this work, Mr. O'Reilly authored or coordinated the publication of 76 "From the Mineral Inventory" articles highlighting the geology and mineral potential of hundreds of mineral occurrences throughout Nova Scotia. The series became, and remains, among the most frequently downloaded information resources on the Mines Branch website. In 1982, Mr. O'Reilly coordinated and authored the Department's submission to the Nova Scotia McCleave Uranium Inquiry. Following the release of the Inquiry's final report in 1985, he was appointed Chair of the Interdepartmental Uranium Committee, comprising representatives from the Departments of Mines and Energy, Environment and Health. The committee examined issues arising from the Inquiry and delivered its final report to the Government of Nova Scotia in 1994. From 2000 to 2013, Mr. O'Reilly represented the Mines Branch on various interdepartmental committees addressing naturally occurring radiation concerns. This work resulted in the publication of Nova Scotia's first Uranium in Drinking Water Risk Map in 2009 and the Province's Radon in Homes Risk Map in 2013. Since retiring in 2013, Mr. O'Reilly has remained actively involved with both the Nova Scotia Prospectors Association and the Mining Association of Nova Scotia and currently serves as a director of each organization.
The Company would also like to thank Mr. Richard Goldstein for his service and contributions to the Company and wishes him continued success in his future endeavours.
About Freedom Gold Corp.
Freedom Gold Corp. is a leading exploration and development company focused on unlocking the vast potential of gold resources. With a strategic approach to resource management and a commitment to sustainable practices, Freedom is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its mineral properties are located in Quebec and Nova Scotia, regions renowned for its rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
Forward-Looking Statements
All statements in this press release about anticipated future events or results constitute forward-looking statements including, but not limited to, statements with respect to: statements regarding: the completion of the FT Offering, the Unit Offering and the Debt Settlement; the timing and anticipated closing dates thereof; receipt of all required regulatory approvals, including acceptance of the CSE; the anticipated gross proceeds of the financings; the intended use of proceeds from the Unit Offering; the issuance of securities pursuant to the Debt Settlement; the participation of insiders in the transactions contemplated herein; and the Company's future exploration and business plans. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. Although Freedom believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Freedom can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Freedom's periodic filings with Canadian securities regulators. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include, without limitation, the ability to complete the FT Offering, the Unit Offering and the Debt Settlement on the terms described herein or at all; the ability to obtain all required regulatory approvals, including acceptance of the CSE; the ability to use proceeds as anticipated; risks related to director succession, changes in board composition, the retention and recruitment of qualified directors and the effectiveness of the Company's governance and strategic initiatives; general business, economic, competitive, political and social uncertainties; risks associated with mineral exploration and development; fluctuations in commodity prices and foreign exchange rates; the availability of financing on acceptable terms; permitting and regulatory risks; and the other risks disclosed in the Company's public filings available on SEDAR+. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Freedom does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318857
Source: Freedom Gold Corp.
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NCR Atleos (NYSE:NATL – Get Free Report) and Freedom (NASDAQ:FRHC – Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, profitability, institutional ownership, dividends, earnings and analyst recommendations.
Profitability This table compares NCR Atleos and Freedom’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets NCR Atleos 4.44% 83.41% 5.87% Freedom 6.47% 10.96% 1.24% Analyst Recommendations This is a summary of current ratings for NCR Atleos and Freedom, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score NCR Atleos 0 4 1 0 2.20 Freedom 0 2 1 0 2.33 NCR Atleos currently has a consensus target price of $50.27, indicating a potential upside of 9.70%. Freedom has a consensus target price of $159.00, indicating a potential downside of 6.28%. Given NCR Atleos’ higher probable upside, equities research analysts clearly believe NCR Atleos is more favorable than Freedom. Risk and Volatility NCR Atleos has a beta of 0.57, meaning that its share price is 43% less volatile than the S&P 500. Comparatively, Freedom has a beta of 0.69, meaning that its share price is 31% less volatile than the S&P 500.
Valuation and Earnings This table compares NCR Atleos and Freedom”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NCR Atleos $4.35 billion 0.78 $162.00 million $2.58 17.76 Freedom $2.37 billion 4.56 $153.33 million $2.53 67.06 NCR Atleos has higher revenue and earnings than Freedom. NCR Atleos is trading at a lower price-to-earnings ratio than Freedom, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership 88.7% of NCR Atleos shares are held by institutional investors. Comparatively, 1.3% of Freedom shares are held by institutional investors. 0.6% of NCR Atleos shares are held by insiders. Comparatively, 69.8% of Freedom shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary NCR Atleos beats Freedom on 7 of the 13 factors compared between the two stocks.
About NCR Atleos (Get Free Report)
NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others. The Network segment provides a network of ATMs and multi-functioning financial services kiosks for financial institutions, fintechs, neobanks, and retailers; Allpoint network for credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers; ReadyCode to convert a digital value to cash or cash to a digital value; ATM branding solutions to financial institutions; ATM management and services to retailers and other businesses; and engages in the buying and selling of Bitcoins. The T&T segment offers managed network and infrastructure services to enterprise clients across various industries through communications service providers and technology manufacturers; and professional, field, and remote services for modern network technologies, including software-defined wide area networking, network functions virtualization, wireless local area networks, optical networking, and edge networks. NCR Atleos Corporation is headquartered in Atlanta, Georgia.
About Freedom (Get Free Report)
Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations, as well as information processing services. In addition, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers’ needs and finance its inventory positions. Further, the company offers proprietary trading and investment services, as well as insurance products; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Eastern Europe, rest of Europe, the United States, Russia, the Middle East, and Caucasus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
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Recognition highlights the company's approach to environmental management, climate risk assessment and support for biodiversity and ecosystem restoration projects
EAST NEW YORK, NY / ACCESS Newswire / October 7, 2026 / Freedom Holding Corp. (NASDAQ:FRHC), an international financial services and technology company, has been included in Newsweek's America's Greenest Companies 2026 ranking, which recognizes U.S. organizations for strong environmental performance and transparency.
The annual ranking, developed by Newsweek in partnership with Plant-A Insights Group and GIST Impact, assessed companies on more than 25 environmental indicators, including greenhouse gas emissions, water usage, waste generation, and sustainability data disclosure and commitments.
For Freedom Holding, the recognition comes as the company steps up its work on sustainability, both in its day-to-day operations and across its financial services business.
In September 2026, Freedom Holding published its latest Sustainability Report, outlining the progress made over the past financial year and the environmental and social projects it continues to support. The report was prepared in accordance with international reporting standards and the principles of the United Nations Global Compact. For the third consecutive year, selected sustainability disclosures underwent independent external assurance by Deloitte.
Freedom Holding is also working to make environmental considerations part of the way the Group operates. Its Environmental Policy, introduced in July 2025, sets out how the company approaches issues such as energy use, resource efficiency, waste, climate-related risks and environmental awareness, while also supporting projects with a broader environmental impact.
Supporting nature and biodiversity
Freedom Holding's environmental work goes beyond its own operations. The company also supports projects that respond to some of the region's most serious environmental challenges, particularly in Kazakhstan and across Central Asia.
One of these projects is focused on restoring parts of the dried Aral Sea bed. Through the Freedom Shapagat corporate fund, the company has supported the planting of black saxaul and other salt-tolerant vegetation in areas affected by the long-term retreat of the Aral Sea. The vegetation is intended to contribute to ecosystem restoration and help address the environmental effects associated with the exposed seabed.
Freedom Holding is also supporting efforts to restore the Turan tiger population in Kazakhstan in cooperation with the country's Ministry of Ecology and Natural Resources. The initiative followed a memorandum on environmental cooperation signed in connection with COP29 and forms part of broader efforts to support biodiversity and the recovery of terrestrial ecosystems.
Another project, Eco-Aul, focuses on improving environmental resilience in Zhinishkekum, a village in the Aral district of Kazakhstan's Kyzylorda region. The initiative is designed to improve access to essential resources and services, including clean water, energy and medical services. A pilot based at a rural school is intended to demonstrate environmental solutions that could potentially be replicated in other communities.
These initiatives complement Freedom Holding's work on measuring and managing its own environmental footprint. The company has carried out greenhouse-gas inventories, developed financed-emissions calculations and introduced climate-risk assessments as part of a broader effort to integrate environmental factors into business decision-making.
"Being included in Newsweek's America's Greenest Companies 2026 is an important recognition of the work being done across our Group. We see environmental responsibility as a long-term commitment - from improving the way we assess climate-related risks to supporting practical projects that protect ecosystems and strengthen the resilience of local communities," said Timur Turlov, Chief Executive Officer of Freedom Holding Corp.
Sustainability as part of long-term development
Freedom Holding has been a participant in the United Nations Global Compact since 2023. Its sustainability approach incorporates the UN Global Compact principles and supports the United Nations Sustainable Development Goals.
During the FY2026 reporting period, Freedom Holding supported more than 80 projects contributing to 11 UN Sustainable Development Goals. These initiatives span environmental protection as well as education, health and well-being, sustainable cities and communities, sports, culture and social development.
The company's environmental efforts increasingly combine direct project support with more systematic management of climate-related risks. This includes assessing environmental exposure across financial portfolios, improving emissions measurement and strengthening internal policies governing environmental impacts.
Newsweek's America's Greenest Companies 2026 ranking is based on publicly available sustainability information and data analysis. According to Newsweek and its research partners, eligible organizations were evaluated for environmental performance and transparency, with criteria covering greenhouse-gas emissions, water consumption, waste and sustainability disclosures.
The full America's Greenest Companies 2026 ranking is available on Newsweek. Freedom Holding Corp.'s FY2026 Sustainability Report and environmental policies are available through the company's Investor Relations website.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000® Index.
Contact Information
Natalia Kharlashina
Head of Public Relations
[email protected]
+77013641454
Freedom (NASDAQ:FRHC – Get Free Report) and Usio (NASDAQ:USIO – Get Free Report) are both finance companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, analyst recommendations, risk, dividends and valuation.
Analyst Ratings This is a summary of current ratings and target prices for Freedom and Usio, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Freedom 0 2 1 0 2.33 Usio 1 1 2 0 2.25 Freedom presently has a consensus target price of $159.00, suggesting a potential downside of 8.09%. Usio has a consensus target price of $5.38, suggesting a potential upside of 83.45%. Given Usio’s higher possible upside, analysts plainly believe Usio is more favorable than Freedom.
Volatility & Risk Freedom has a beta of 0.69, meaning that its stock price is 31% less volatile than the S&P 500. Comparatively, Usio has a beta of 1.36, meaning that its stock price is 36% more volatile than the S&P 500. Insider & Institutional Ownership 1.3% of Freedom shares are owned by institutional investors. Comparatively, 20.2% of Usio shares are owned by institutional investors. 69.8% of Freedom shares are owned by company insiders. Comparatively, 19.0% of Usio shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Profitability This table compares Freedom and Usio’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Freedom 6.47% 10.96% 1.24% Usio -1.63% -8.20% -1.26% Earnings and Valuation This table compares Freedom and Usio”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Freedom $2.19 billion 5.04 $153.33 million $2.53 68.38 Usio $85.39 million 0.98 -$2.51 million ($0.06) -48.83 Freedom has higher revenue and earnings than Usio. Usio is trading at a lower price-to-earnings ratio than Freedom, indicating that it is currently the more affordable of the two stocks.
Summary Freedom beats Usio on 10 of the 14 factors compared between the two stocks.
About Freedom (Get Free Report)
Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations, as well as information processing services. In addition, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers’ needs and finance its inventory positions. Further, the company offers proprietary trading and investment services, as well as insurance products; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Eastern Europe, rest of Europe, the United States, Russia, the Middle East, and Caucasus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
About Usio (Get Free Report)
Usio, Inc., together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation. In addition, the company offers merchant account services for the processing of card-based transactions through the VISA, MasterCard, American Express, Discover, and JCB networks, including online terminal services accessed through a website or retail services accessed through a physical terminal. Further, it provides a proprietary web-based customer service application that allows companies to process one-time and recurring payments through e-checks or credit cards; and an interactive voice response telephone system to companies, which accept payments directly from consumers over the telephone using e-checks or credit cards. Additionally, the company offers prepaid and incentive card issuance services; and operates a prepaid core processing platform, as well as provides additional services, such as electronic bill presentment, document composition, document decomposition, and printing and mailing services for various industry verticals, including utilities and financial institutions. It markets and sells ACH products and services primarily through resellers; and prepaid card program directly to government entities, corporations, and to consumers through the internet. The company was formerly known as Payment Data Systems, Inc. and changed its name to Usio, Inc. in June 2019. Usio, Inc. was incorporated in 1998 and is headquartered in San Antonio, Texas.
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Bank of America Corp DE acquired a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 42,745 shares of the company’s stock, valued at approximately $5,577,000. Bank of America Corp DE owned 0.07% of Freedom at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Freedom by 67.2% in the first quarter. Royal Bank of Canada now owns 587 shares of the company’s stock valued at $85,000 after purchasing an additional 236 shares during the period. CoreCap Advisors LLC purchased a new stake in Freedom during the second quarter worth about $78,000. SG Americas Securities LLC boosted its holdings in Freedom by 10.3% during the first quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock worth $185,000 after buying an additional 119 shares in the last quarter. Finally, SmartHarvest Portfolios LLC acquired a new position in Freedom during the first quarter worth about $215,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors.
Freedom Price Performance Shares of Freedom stock opened at $172.08 on Monday. The business’s fifty day moving average price is $160.84 and its 200 day moving average price is $151.36. Freedom Holding Corp. has a twelve month low of $107.97 and a twelve month high of $178.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $10.98 billion, a P/E ratio of 68.02 and a beta of 0.69.
Freedom (NASDAQ:FRHC – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). Freedom had a return on equity of 10.96% and a net margin of 6.47%.The business had revenue of $554.96 million for the quarter, compared to analyst estimates of $124.14 million. Wall Street Analyst Weigh In A number of brokerages have recently weighed in on FRHC. KeyCorp restated a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Weiss Ratings lowered shares of Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. HC Wainwright reissued a “buy” rating on shares of Freedom in a research note on Monday, July 20th. Finally, Wedbush set a $180.00 target price on shares of Freedom in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Freedom presently has a consensus rating of “Hold” and a consensus target price of $159.00.
Get Our Latest Research Report on Freedom
Insider Activity at Freedom In other news, CFO Valeriy Kim sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $169.31, for a total value of $846,550.00. Following the completion of the sale, the chief financial officer owned 47,400 shares of the company’s stock, valued at $8,025,294. This represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 69.80% of the stock is currently owned by corporate insiders.
Freedom Profile (Free Report)
Freedom Holding Corp. is a financial services company that provides brokerage, banking, investment banking and insurance services through its subsidiaries. The company serves individual and institutional clients with access to securities trading, investment products, research, wealth management and related financial services.
Its brokerage operations offer online and mobile platforms for trading stocks, bonds, exchange-traded funds and other securities. The company also provides investment banking and capital-markets services, including support for corporate financing and securities transactions.
Featured Articles Five stocks we like better than Freedom Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind 3 More AI Infrastructure Plays Beyond the Big Names CAVA Stock Slips: Sector Fear or Valuation Reality? Want to see what other hedge funds are holding FRHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freedom Holding Corp. (NASDAQ:FRHC – Free Report).
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On September 21, 2026, Freedom Holding Corp FRHC shares rose 5.5% to a current price of $174.13. Over the last year, the stock has fluctuated between a low of $107.98 and a high of $177.15, reflecting both volatility and investor interest.
GF Value™ verdict: Currently priced at $174.13, which is 10.7% above the GF Value™ estimate of $157.26. GF Score™ of 84/100, indicating a strong overall performance across various metrics. Notable signal: Insider activity shows net selling of $5.6M over the past 12 months. Is FRHC Overvalued or Undervalued? The current price of Freedom Holding Corp FRHC at $174.13 is higher than the GF Value™ estimate of $157.26, indicating that the stock is overvalued by approximately 10.7%. GF Value™ is GuruFocus' proprietary intrinsic-value estimate derived from analyzing historical trading multiples, past business growth, and future performance expectations. Given that FRHC is currently unprofitable and cash-flow-negative, relying primarily on earnings-based valuation methods like the P/E ratio may not be applicable. Instead, this valuation assessment should focus on other metrics, such as Price-to-Sales (P/S) ratios, which historically average around 5.3x for the company.
The GF Valuation label indicates that the stock is modestly overvalued. This presents a risk for potential investors, as purchasing shares at such a premium over estimated fair value could limit future returns. The margin of safety appears insufficient for those looking for value investments in the current market environment.
How Does FRHC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 68.9x 21.0x FRHC's current P/E ratio of 68.9x is significantly above its 5-year median P/E of 21.0x, marking a 228% increase. This stark contrast suggests that the stock is trading well above its historical valuation levels, which aligns with the GF Value™ verdict of being overvalued. The elevated P/E ratio further supports the notion that investors are currently paying a premium for the stock, which may not be justified given the company's financial performance.
What Does FRHC's GF Score™ Tell Us? The GF Score™ evaluates a company's overall performance based on several critical factors, including financial strength, profitability, growth, valuation, and momentum. FRHC's score of 84/100 reflects a strong position, particularly in profitability, where it ranks 9/10. However, its financial strength is relatively weaker at 5/10, indicating potential concerns regarding its balance sheet.
Metric Rating GF Score™ 84 Financial Strength 5/10 Profitability 9/10 Growth 6/10 Valuation 7/10 Momentum 8/10 The strong profitability rank suggests that when the company does generate earnings, it is capable of doing so at a high level. However, the financial strength score highlights potential vulnerabilities in its capital structure, which could be a concern for risk-averse investors. Overall, while FRHC exhibits a strong operational performance, the financial stability aspect remains a critical area for monitoring.
What Are Gurus and Insiders Doing with FRHC? Currently, two gurus hold positions in FRHC, with both having added to their stakes in recent quarters, indicating positive sentiment among knowledgeable investors. This is a strong signal of confidence in the company's future prospects, as guru ownership can influence market perception significantly.
Furthermore, insider activity has shown that over the past 12 months, insiders bought $2.4M worth of shares but sold $8.0M, resulting in net selling of $5.6M. This pattern of net selling could suggest that insiders may have concerns about the stock's current valuation and future performance, which investors should consider carefully when evaluating the overall sentiment surrounding the company.
What This Means for Investors Based on the current assessment, Freedom Holding Corp FRHC is deemed overvalued according to the GF Value™ estimate. While the company shows strong profitability metrics and a solid GF Score™, the high P/E ratio and concerning insider selling indicate potential risks that could limit future upside. Investors should remain cautious and consider these factors before making any decisions regarding this stock.
For more detailed information, visit the Freedom Holding Corp FRHC stock page, and explore the GF Value™ page for additional insights.
Frequently Asked Questions What is FRHC's GF Score™?
FRHC has a GF Score™ of 84/100, indicating strong overall performance in various metrics.
Is FRHC overvalued or undervalued?
FRHC is currently considered overvalued, with a GF Value™ estimate indicating a 10.7% premium over the current price.
What is FRHC's P/E ratio?
The current P/E ratio for FRHC is 68.9x, significantly above its historical median of 21.0x, suggesting it is trading at a premium compared to its past valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
NEW YORK CITY, NY / ACCESS Newswire / September 17, 2026 / Freedom Holding Corp. (NASDAQ:FRHC) is the General Partner of the Salesforce FIDE World Championship Match 2026, the International Chess Federation (FIDE) and Freedom announced today. General Partner is the highest partnership tier of the World Championship.
The Match runs from 22 November to 12 December. The Opening Ceremony takes place on 22 November at the Palais des Nations in Geneva. World Champion Gukesh Dommaraju of India defends his title against Javokhir Sindarov of Uzbekistan over 14 classical games. Both players will be twenty at the start of the Match, the youngest title contest since the series began in 1886.
Freedom has been a strategic partner of FIDE since 2023. The group is a regular sponsor of the FIDE World Rapid and Blitz Championships and was the title sponsor of the 2024 FIDE World Corporate Chess Championship in New York. Under a 2026 cooperation agreement, Freedom also funds FIDE tournaments, training centres, school programmes and talent scouting across all continents. The World Championship extends that partnership to the sport's defining event.
Timur Turlov, founder and CEO of Freedom Holding Corp., is also President of the Kazakhstan Chess Federation and head of the International School Chess Federation, regulating body for chess in education. The Championship sponsorship reflects how Freedom approaches the game: as a system to be built over years, from the classroom to the championship board.
"The World Championship decides who is first. There is nothing bigger in chess," said Timur Turlov. "Freedom has worked with FIDE for three years, and this is the natural next step, not a logo on a stage. Chess and finance are the same discipline: you calculate, you decide under uncertainty, you refuse the obvious move, and you plan far ahead. We invest in chess on that horizon."
"Freedom has committed to chess seriously, over years and at every level of the game," said Viswanathan Anand, five-time World Champion and FIDE Interim President. "To have them behind a World Championship contested by two twenty-year-olds is fitting. This company understands chess is a long game, and this Match is its future."
About Freedom Holding Corp.
Freedom Holding Corp. (NASDAQ: FRHC) is a U.S.-listed diversified financial and technology group headquartered in Kazakhstan, operating brokerage, banking, insurance, telecom and lifestyle services in more than twenty countries. A strategic partner of FIDE since 2023, Freedom treats chess as a long-horizon cultural and educational investment.
About FIDE
The International Chess Federation (FIDE), founded in 1924 and headquartered in Switzerland, is the governing body of world chess and organiser of the World Championship cycle.
Contact Information:
Natalia Kharlashina
Head of Public Relations
[email protected]
+77013641454
Partnership builds on Freedom's long-term support for international chess as Geneva prepares to host the historic Gukesh - Sindarov title match
NEW YORK CITY, NY / ACCESS Newswire / September 16, 2026 / Freedom Holding Corp. (NASDAQ:FRHC) will serve as General Partner of the Salesforce FIDE World Championship Match 2026, continuing a long-standing partnership with the International Chess Federation (FIDE) spanning elite competition, education and chess development.
Freedom's involvement in the 2026 World Championship follows several years of cooperation with FIDE. The company was General Partner of the 2023 World Championship Match in Astana and title sponsor of the 2024 FIDE World Rapid & Blitz Championships in New York, one of FIDE's flagship global events. It has also supported international competitions and initiatives focused on expanding access to chess, developing young talent and strengthening the wider chess ecosystem.
Earlier this year, Freedom and FIDE further expanded their cooperation through a partnership covering international and regional tournaments, educational programmes, support for players and coaches, training initiatives and talent development.
"The World Championship represents the highest level of our game, but the strength of chess is built far beyond a single event," said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp. and President of the Kazakhstan Chess Federation. "It depends on strong federations, opportunities for young players, good coaches, education, technology and partnerships that are built for the long term. That has been the thinking behind our cooperation with FIDE from the beginning. We are proud to continue that work and to support a World Championship that will bring the very best of chess to a global audience."
The 2026 match will bring together two of the outstanding players of a new generation. Reigning World Champion Gukesh D of India will defend his title against challenger Javokhir Sindarov of Uzbekistan over a maximum of 14 classical games from 22 November to 12 December.
Both players will be 20 when the match begins, making Gukesh-Sindarov the youngest World Championship contest in the history of the event. Gukesh will make his first defence of the title he won in Singapore in 2024, while Sindarov earned his place in the match by winning the 2026 FIDE Candidates Tournament.
The official programme will begin on 22 November with an Opening Ceremony at the Palais des Nations in Geneva. The match itself will be played at the Fondation Martin Bodmer in Cologny, one of Geneva's most distinctive cultural institutions and home to an internationally renowned collection of manuscripts, rare books and documents reflecting centuries of human thought.
"The World Championship is the pinnacle of chess," said Emil Sutovsky, CEO of FIDE. "It is the event that determines who stands at the top. We are proud to have the support of Freedom -a company that champions smart solutions and takes a long-term view, thinking several moves ahead, much like the world's top chess players."
Salesforce is the Title Sponsor and Technological Partner of the FIDE World Championship Matches under a multi-year agreement. Freedom Holding Corp., as General Partner of the 2026 match, will support FIDE in delivering and promoting one of the most important events on the international chess calendar.
For Freedom, the partnership forms part of a broader commitment to chess as a platform for education, intellectual development and international exchange. In addition to supporting top-level competition, the group has invested in school chess, training programmes and initiatives designed to create opportunities for players, coaches and young people in Kazakhstan and internationally.
About FIDE
The International Chess Federation (FIDE), founded in Paris in 1924 and headquartered in Lausanne, Switzerland, is the international governing body for chess. FIDE oversees international chess competition and the World Championship cycle and brings together 204 national chess federations around the world.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000® Index.
Contact Information
Natalia Kharlashina
Head of Public Relations
[email protected]
+77013641454
Bank of New York Mellon Corp acquired a new position in Freedom Holding Corp. (NASDAQ: FRHC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,292 shares of the company's stock, valued at approximately $6,301,000. Bank of New York Mellon Corp
NEW YORK, Sept. 04, 2026 (GLOBE NEWSWIRE) -- S&P Global Ratings has revised the outlook on the long-term credit ratings of Nasdaq-listed Freedom Holding Corp. and its four core operating subsidiaries from “stable” to “positive,” while affirming their international credit ratings.
The agency also raised the national-scale ratings of Freedom Finance JSC (Freedom Broker) and Freedom Bank Kazakhstan JSC from “kzA-” to “kzA.” The positive outlook applies to Freedom Holding Corp., Freedom Finance JSC, Freedom Finance Global PLC, Freedom Finance Europe Ltd., and Freedom Bank Kazakhstan JSC.
“The improved outlook from S&P underscores that, strategically, we are moving in the right direction. We chose not to develop each business in isolation, but to build our own global institutional ecosystem. At the same time, we are strengthening corporate governance and risk management and working to improve the efficiency of our business model across all the jurisdictions in which we operate. S&P’s positive outlook shows that this progress is being recognized by independent international rating agencies,” said Timur Turlov, CEO of Freedom Holding Corp.
S&P describes Freedom Finance as Kazakhstan’s largest retail brokerage franchise and notes the group’s growing presence in Europe, complemented by its banking and insurance businesses in Kazakhstan. The agency expects moderate balance-sheet growth and earnings diversified across businesses and geographies to support the group’s strong capitalization.
The agency also highlights Freedom’s continued development of group-wide risk management and consolidated compliance functions. S&P believes stronger controls at both group and subsidiary level should help the company monitor and manage risks as the business grows. It also expects Freedom to continue expanding its financial and non-financial businesses without putting undue pressure on capitalization.
The positive outlook means S&P could raise the ratings over the next 12 months if its assessment of economic risks in Kazakhstan improves further. The outlook revision comes against a more favorable assessment of Kazakhstan’s economic environment. On August 21, S&P upgraded Kazakhstan’s sovereign credit ratings to “BBB/A-2” from “BBB-/A-3,” with a stable outlook. The agency said resilient economic growth, easing economic imbalances and stronger regulatory oversight could contribute to better conditions for the country’s financial sector.
The latest action follows another positive S&P rating move earlier this year. In June, the agency upgraded Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC and Freedom Bank Kazakhstan JSC to “BB-.”
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.
NEW YORK, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Moody’s Ratings has assigned insurance financial strength ratings to two Freedom Holding Corp. (Nasdaq: FRHC) insurance subsidiaries for the first time. Freedom Finance Insurance JSC, operating as Freedom Insurance, received Ba1 local- and foreign-currency insurance financial strength ratings, while Freedom Life JSC received Baa3 ratings. Both carry stable outlooks.
The Baa3 rating makes Freedom Life the first company within Freedom Holding Corp. to receive an investment-grade rating from Moody’s. The agency began expanding its coverage of Freedom earlier this year, assigning a Ba3 rating to Freedom Bank Kazakhstan in March.
“Moody’s ratings for our insurance companies confirm that within the Freedom ecosystem we can support not only the rapid growth of the ecosystem as a whole, but also the development of each individual business. We see significant potential in combining traditional insurance products with modern technology. This allows us to offer the market more effective solutions, reduce our own costs and launch unique products,” said Timur Turlov, CEO of Freedom Holding Corp.
Moody’s highlights Freedom Insurance’s market position, asset quality, conservative investment strategy and capital adequacy among its key strengths. The company ranked third in Kazakhstan’s non-life insurance market by gross written premiums in 2025, with a market share of around 10%. Approximately 90% of its invested assets were held in fixed-income instruments.
Freedom Life is among Kazakhstan’s three largest life insurers and held approximately 20% of the market by premiums in 2025. Moody’s points to the company’s asset quality, capitalization and profitability as key strengths.
Moody’s also points to the insurers’ integration into the wider Freedom Holding Corp. ecosystem as a factor supporting their market positions. The shared brand, cross-selling opportunities and Freedom SuperApp help both companies reach customers across the ecosystem. By March 2026, the SuperApp had surpassed 5 million registered users.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp. [email protected]
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9699382-765c-4884-a2ac-96ecca37f246
, /PRNewswire/ -- Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) today announced that the NEREUS™ branded No. 47 entry from Rahal Letterman Lanigan Racing, driven by Mick Schumacher, is set to compete this weekend in the inaugural Freedom 250 Grand Prix of Washington, D.C., the first-ever NTT INDYCAR SERIES race on the National Mall.
The event, taking place August 22–23, 2026, celebrates America's 250th anniversary with high-speed racing on a 1.7-mile, seven-turn temporary street circuit framed by the Washington Monument, U.S. Capitol, and other iconic landmarks. Practice and qualifying occur Saturday, with the 147-lap, approximately 250-mile race scheduled for Sunday afternoon and broadcast live on FOX.
NEREUS™ (tradipitant), the first new U.S. prescription medication approved for the prevention of motion-induced vomiting in 47 years, is the primary sponsor of the No. 47 Honda. The partnership, announced by Vanda, aligns the brand's focus on performance and stability with the demands of IndyCar racing. This weekend marks a home event for the Washington-based company.
"Partnering with the No. 47 car perfectly captures this historic moment and our shared commitment to performance under challenging conditions," said Mihael H. Polymeropoulos, M.D., President, CEO and Chairman of the Board of Vanda.
Fans can follow the No. 47 NEREUS™ IndyCar as Schumacher and Rahal Letterman Lanigan Racing take on this landmark street circuit in the nation's capital.
About NEREUS™ (tradipitant)
NEREUS™ is an oral NK-1 receptor antagonist FDA-approved for the prevention of vomiting induced by motion in adults. It is the first new pharmacologic treatment approved for this indication in over four decades.
About Vanda Pharmaceuticals Inc.
Vanda is a leading global biopharmaceutical company focused on the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. For more on Vanda Pharmaceuticals Inc., please visit http://www.vandapharma.com and follow us on X @vandapharma.
About Rahal Letterman Lanigan Racing
Rahal Letterman Lanigan Racing is a championship-winning team competing in the NTT IndyCar Series.
Corporate Contact:
Kevin Moran
Senior Vice President, Chief Financial Officer and Treasurer
Vanda Pharmaceuticals Inc.
202-734-3400
[email protected]
Jim Golden / Jack Kelleher / Dan Moore
Collected Strategies
[email protected]
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Aug. 21, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
ISTANBUL, Turkey, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Freedom Yatırım Menkul Değerler A.Ş., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), has received an operating license from the Capital Markets Board of Türkiye (CMB). Freedom Yatırım has become the first broadly authorized foreign brokerage firm to receive such a license in Türkiye since 1992.
The license marks an important step in Freedom Holding Corp.’s expansion in Türkiye and supports its broader strategy to grow its brokerage business and international capital markets infrastructure in the country.
“Receiving this operating license is an important milestone for Freedom Holding Corp. It marks our entry into the Turkish brokerage market as the first broadly authorized foreign firm to receive such a license in 34 years,” said Timur Turlov, Founder and CEO of Freedom Holding Corp.
Freedom Holding Corp. operates through more than 200 offices in over 20 countries across North America, Europe, and Asia. According to its latest financial statements filed with the U.S. Securities and Exchange Commission (SEC), the company’s total assets stood at US$14 billion as of June 30, 2026. Brokerage remains one of its core business lines, accounting for approximately 39% of total net revenue.
Freedom Yatırım will draw on Freedom Holding Corp.’s international brokerage expertise, technology, and infrastructure as it prepares to launch investment services in Türkiye.
Connecting Türkiye with International Markets
Freedom Yatırım plans to offer more than traditional brokerage services. Using TraderNet, Freedom Holding Corp.’s proprietary trading platform, the company intends to build infrastructure that provides two-way access between the Turkish market and international capital markets.
For investors in Türkiye, the goal is to gradually broaden access to international markets through Freedom Holding Corp.’s global brokerage capabilities.
Freedom Yatırım has also completed its integration with Borsa İstanbul, giving clients across the Group’s international brokerage network access to investment opportunities in the Turkish market. The network has more than 870,000 client accounts.
Freedom Holding Corp. expects this infrastructure to help increase international participation in Türkiye’s capital markets and strengthen links between Borsa İstanbul and global financial markets.
Building an Integrated Digital Ecosystem
Freedom Holding Corp. recently completed the acquisition of a 99.32% stake in Turkish Bank A.Ş. through its subsidiary Freedom Finansal Hizmetler A.Ş. Following the acquisition, the bank’s shareholders approved the change of its trade name to Freedom Bank A.Ş.
Together, Freedom Bank and Freedom Yatırım are expected to form the core of Freedom Holding Corp.’s digital financial ecosystem in Türkiye, combining banking and investment services with other digital offerings.
“Our ambition in Türkiye goes beyond brokerage. We plan to build an integrated digital financial ecosystem around Freedom Bank and Freedom Yatırım, bringing banking, investment, and other digital services together over time. We will draw on our experience in Kazakhstan, where Freedom SuperApp already combines financial and everyday digital services within a single platform, while adapting the model to the needs of the Turkish market,” Turlov stated.
For the local team, the next stage will be to combine the Group’s international capabilities with expertise in the Turkish market.
“Türkiye is a long-term market for us. We want to combine the Group’s technology, financial strength, and international capital markets expertise with strong local knowledge to build a sustainable business here,” said Vladimir Pochekuev, Partner at Freedom Holding Corp. and Chairman of the Board of Directors of Freedom Yatırım Menkul Değerler A.Ş.
Pochekuev also expressed his appreciation to the Capital Markets Board of Türkiye for its constructive and professional engagement throughout the licensing process.
Preparing to Launch Operations
Following receipt of its operating license, Freedom Yatırım is continuing to prepare for the launch of full-scale operations in the Turkish market. The company is conducting comprehensive system testing and finalizing its operational readiness.
Freedom Yatırım intends to offer clients technology-driven, user-friendly investment services tailored to the regulatory requirements and specific needs of the Turkish market.
“Türkiye has a large and increasingly sophisticated investor base, with growing interest in diversifying portfolios across markets and asset classes. Our focus will be on combining access to international markets with strong local expertise and a high standard of client service,” said Vusal Mamedov, Senior Adviser to the Board of Directors of Freedom Yatırım.
About Freedom Yatırım Menkul Değerler A.Ş.
Freedom Yatırım Menkul Değerler A.Ş. operates under Freedom Finansal Hizmetler A.Ş., a wholly owned subsidiary of Freedom Holding Corp. The company received approval for its establishment from the Capital Markets Board of Türkiye (CMB) in 2025 and, upon completing all regulatory requirements, obtained its operating license in 2026 to provide brokerage services in Türkiye’s capital markets. Freedom Yatırım seeks to leverage its international expertise and in-depth understanding of the Turkish market to provide investors with innovative investment solutions.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp. [email protected]
+77013641454
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0648ce2-d007-4128-9dcc-6183eb248e64
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) - Freedom Gold Corp. (CSE: FRDM) (formerly SPOD Lithium Corp. (the "Company" or "Freedom"), is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement financing for aggregate gross proceeds of C$312,000 (the "Offering") through the issuance of 2,600,000 units (the "Units") at a price of $0.12 per Unit.
Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"), whereby each whole Warrant entitles to holder thereof to acquire additional Common Shares at an exercise price of $0.18 for a period of twenty-four (24) months from the date of issuance.
In connection with the Offering, the Company paid cash commissions of $5,040 to certain finders and issued 42,000 non-transferable finder's common share purchase warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.18 per Common Share for a period of twenty-four (24) months from the date of issuance.
Proceeds from the Offering will be used for general working capital purposes. The Units and underlying securities issued pursuant to the Offering will be subject to a four month and one day hold period from the date of issuance, pursuant to National Instrument 45-106 Prospectus Exemptions.
An insider from the Company indirectly subscribed for a total of 200,000 Units under the Offering. A subscription by an insider of the Company is considered to be a "related party transaction" of the Company within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(a) as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the closing of the Offering because the details of the insider participation were not finalized until closer to closing of the Offering and the Company wished to close the Offering as soon as practicable for sound business reasons.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About Freedom Gold Corp.
Freedom Gold Corp. is a leading exploration and development company focused on unlocking the vast potential of gold resources. With a strategic approach to resource management and a commitment to sustainable practices, Freedom is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its mineral properties is located in Quebec and Nova Scotia, regions renowned for its rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
Forward-Looking Information
Certain statements in this news release are forward-looking statements within the meaning of applicable securities laws, including with respect to future plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding the completion of the Option Agreement, exploration thereon, and the results of such exploration, closing of the Offering, the approval of the CSE, as well as any other beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may," "expect," "anticipate," "plan", "will", "intend," "believe", "estimate" and "continue," or the negative thereof or similar variations. These statements are based on management's reasonable assumptions, expectations and beliefs as of the date of this news release. Forward-looking statements in this news release include, without limitation, statements regarding the Offering, including the completion of the Offering, the timing thereof, the amount of proceeds that may be raised, the intended use of proceeds, and the receipt of all required regulatory approvals, including the approval of the Canadian Securities Exchange. Forward-looking information is based on a number of assumptions believed by management to be reasonable as of the date of this news release, including assumptions regarding market conditions, investor participation in the Offering, and the timely receipt of all necessary regulatory approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, but not limited to, the inability to complete the Offering on the terms described herein or at all, changes in market conditions, the availability of financing, delays in obtaining required regulatory approvals, and general economic, market and business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION BY ANY UNITED STATES NEWS DISTRIBUTION SERVICE
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309760
Source: Freedom Gold Corp.
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, /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced today the launch of Strigo™ – a new set of modular defense solutions that includes radio-frequency (RF) sensors, missile datalinks and missile seeker technologies built on a common baseline. Leveraging common architectures, Strigo solutions can be reconfigured quickly for a range of missions, from air defense to missile defense to air-to-surface engagements and beyond.
Leveraging common architectures, Strigo solutions can be reconfigured quickly for a range of missions, from air defense to missile defense to air-to-surface engagements and beyond. To support the rapid development of Strigo solutions, Lockheed Martin has established a dedicated product center to accelerate the concept-to-delivery pipeline of these new capabilities. The product center serves as a storefront of ready-now and near-ready solutions that can be quickly adapted to, and evolve with, a customer's mission set.
Within the Strigo Product Center, Lockheed Martin conducts proactive research to develop and produce new RF sensor and missile technologies before a requirement is even formalized – ensuring the hardware is available at the pace of evolving threats.
WHAT'S NEW
Established less than two years ago, the Strigo Product Center has already advanced multiple concepts from initial design through successful testing, demonstrating a faster path from innovation to operational capability. Specifically, technologies developed through Lockheed Martin's Strigo family of solutions have informed aspects of the PrSM Increment 2 seeker package. WHY IT MATTERS
Speed to Capability: Driven by speed and Lockheed Martin's extensive expertise in developing sensor solutions, the Strigo Product Center enables concepts to move from sketch to tested solution in months, not years, accelerating delivery of critical capabilities to warfighters. Supporting the Arsenal of Freedom: The Strigo Product Center delivers solutions that can be rapidly adapted to counter emerging threats, helping America and its allies maintain a decisive advantage on the battlefield. Investing with Intent: Lockheed Martin has committed $250 million to date to the Strigo Product Center. This investment fuels proactive innovation that stays ahead of customer requirements while leveraging modular architectures to lower lifecycle costs and guarantee long‑term sustainment. EXPERT PERSPECTIVE
"By putting proactive research and development at the forefront, the Strigo Product Center lets us test and deploy new solutions at unprecedented speed. That's how we turn 'what if' into 'what's next' faster than ever before," said Stacy Kubicek, vice president and general manager, Lockheed Martin Sensors and Global Sustainment. "Leveraging our deep expertise in advanced sensor and missile technologies, this long-term investment reshapes the way we develop and deliver next-generation, mission-ready capabilities, ensuring our warfighters have the solutions they need the moment threats evolve."
WHAT'S NEXT
Lockheed Martin will continue to invest in new RF sensor, missile seeker and missile datalink technologies to accelerate today's munitions acceleration efforts while laying the foundation for the next generation of U.S. military capabilities.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.
NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 24 countries, today announced financial results for the fiscal quarter ended June 30, 2026. Highlights for the quarter included the following: $732.5 million in total revenue, net, compared to $524.0 million for the quarter ended June 30, 2025, a 40% increase; Net income of $31.7 million ($0.52 per diluted share and $0.52 per basic sh.
August 03, 2026 08:00 ET | Source: Freedom Metals Acquisition Corp.
Miami, FL, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Freedom Metals Acquisition Corp. (Nasdaq: FDMMU) (the “Company”) announced today that, commencing August 4, 2026, the holders of the units issued in the Company’s initial public offering (the “Units”), each consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-third of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, may elect to separately trade the Class A Ordinary Shares and the Warrants included in the Units. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. The Class A Ordinary Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols “FDMM” and “FDMMW,” respectively. Units not separated will continue to trade on the Nasdaq Global Market under the symbol “FDMMU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Freedom Metals Acquisition Corp.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on completing a business combination with an attractive target business within the mining and critical minerals industry.
The Company’s management team is led by Peter Finan, its Chief Executive Officer, and Martin Zinny, its Chief Financial Officer. The Board also includes Bronwyn Barnes (Chairwoman), Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter.
FORWARD-LOOKING STATEMENTS
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Transaction establishes a banking foundation for Freedom's integrated financial and digital ecosystem in Türkiye
ISTANBUL, TR / ACCESS Newswire / July 31, 2026 / Freedom Holding Corp. (NASDAQ:FRHC), an international diversified financial services group operating in more than 20 countries, today announced that, through its subsidiary Freedom Finansal Hizmetler A.Ş., it has completed the acquisition of 99.32% of the share capital of Turkish Bank A.Ş.
Following completion of the transaction, the financial institution changed its corporate name to Freedom Bank A.Ş. The relevant resolution has been submitted to the Turkish Trade Registry for registration.
The closing follows the receipt of the required approvals from Türkiye's Banking Regulation and Supervision Agency and the Turkish competition authority. It marks Freedom Holding Corp.'s formal entry into the Turkish banking sector and represents an important step in the Group's strategy to build an integrated financial and digital services platform in Türkiye.
Under the transaction, Freedom acquired the 99.32% interest in the Bank previously held by entities affiliated with Özyol Holding A.Ş. and National Bank of Kuwait.
Immediately following the transfer of the shares, a general meeting of shareholders was held, at which a new board of directors was elected.
The Board of Directors of Freedom Bank A.Ş. includes H. Cenk Eynehan, Furkan Evranos, Ayşe Hale Yıldırım and Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.
The acquisition, together with the development of Freedom's brokerage and capital markets operations in Türkiye, provides the foundation for the Group to offer a broader range of services to retail, affluent and high-net-worth clients, as well as small and medium-sized businesses and corporate clients.
Freedom plans to develop a comprehensive ecosystem of financial and everyday services in Türkiye, with the Bank at its center.
"In Kazakhstan, we have built an ecosystem in which financial and everyday services operate through a single SuperApp that has become the country's fastest-growing digital service," said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp. "We are now bringing this model to Türkiye, where clients already have high expectations of their banks, setting a high standard for us. Our task over the coming years is to strengthen the Bank's capital base and technological capabilities so that an ecosystem can develop rapidly around it."
In Kazakhstan, Freedom's ecosystem brings together banking, brokerage, insurance, payments and investment services, as well as a growing range of lifestyle products, including e-commerce, travel, ticketing and entertainment services. Freedom's ecosystem serves more than 14 million customers across banking, brokerage, insurance, lifestyle and other businesses as of March 2026.
The Group intends to apply the experience gained through the development of this platform to Türkiye while adapting its products, technology and client experience to the needs and expectations of the local market. Freedom plans to implement a modernization and growth program focused on strengthening the Bank's capital position, upgrading its technology infrastructure, expanding digital client channels, developing new products and improving operational efficiency.
The acquisition of the Bank complements Freedom's expansion in Türkiye's capital markets sector. Freedom Yatırım Menkul Değerler A.Ş. was established following the receipt of an establishment license from the Capital Markets Board of Türkiye and is being developed as the Group's local brokerage platform. The Bank and Freedom's brokerage and capital markets operations are expected to form the core of a broader platform serving individuals, entrepreneurs and businesses through a combination of financial products, technology and everyday digital services.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000® Index.
Freedom Finansal Hizmetler A.Ş., a wholly owned subsidiary of Freedom Holding Corp., was established in 2022 to support the Group's expansion in Türkiye's financial services sector. The company focuses on financial consulting and investments across banking, insurance, capital markets, payment systems and other financial services, including supporting the capitalization and development of portfolio companies.
In 2025, the Capital Markets Board of Türkiye granted the company an establishment license. Freedom Yatırım Menkul Değerler A.Ş. was subsequently established and is working toward obtaining an operating brokerage license upon meeting the regulator's requirements
Turkish Bank A.Ş. is a commercial bank operating in Türkiye and a member of TurkishBank Group. The bank provides a range of financial services, including corporate, commercial and retail banking solutions.
TurkishBank Group, established in 1901, is a privately owned financial services group operating across Türkiye, the Turkish Republic of Northern Cyprus and the United Kingdom. The Group provides banking, financial and wealth management solutions through an international network.
Contact Information:
Natalia Kharlashina
Head of Public Relations
[email protected]
+77013641454
, /PRNewswire/ -- Freedom Financial Holdings (OTCQX: FDVA), (the "Company" or "Freedom"), the holding company for The Freedom Bank of Virginia (the "Bank") today announced net income of $289,621 or $0.04 per diluted share for the second quarter compared to net income of $1,160,338, or $0.16 per diluted share for the three months ended March 31, 2026, and net income of $799,896 or $0.11 per diluted share for the three months ended June 30, 2025. The current quarter included a write down on the carrying value of the firm's OREO of $668,301, from $1,302,801 to its appraised land value of $634,500. The quarter also saw an increase in the firm's allowance for loan loss with provision expense of $538,805, $385,208 of which was due in part to an increase in C&I loan balances and unfunded commitments for future loans and $153,597 due to from net charge-offs in the quarter.
Joseph J. Thomas, President, and CEO, commented, "The company experienced revenue growth in the quarter of 5.49% compared to prior year calendar quarter. Adjusted for the write down in our only OREO asset, we reported Pre-tax, Pre-Provision Net Income of $1,560,746 which is 3.69% better than linked quarter. For the second quarter of 2026, our Yield on Earning Assets improved to 5.57% in the quarter from 5.44% in Q1 due to improvement in asset mix, which translated into a net interest margin improvement of 10 basis points, to 2.83% from 2.73% in the prior quarter. In addition, our mortgage division had a very strong quarter that closed 112 mortgages and $54 million of loan volume, increasing gain on sale revenue by 14.6% compared to the prior quarter. We remain vigilant in our efforts to improve asset quality and believe we have eliminated future volatility in our earnings from this quarter's OREO and provision expense. At the same time, our entire team is focused on improving our net interest margin through core deposit growth, better deposit mix and reduced deposit costs. We celebrated the grand opening of our new branch and corporate headquarters in Tysons Corner this quarter and the 25th anniversary of Freedom Bank on July 23, 2026. We are well positioned for the future as a relationship-driven, technology-enabled bank serving entrepreneurs, businesses, and families throughout Northern Virginia with experienced bankers who understand our client's dreams, quick, local decisions, and flexible, innovative solutions delivered with exceptional service.
Second Quarter 2026 Highlights include:
The Company posted net income of $289,621 or $0.04 per diluted share for the second quarter compared to net income of $1,160,338 or $0.16 per diluted share for the three months ended March 31, 2026, and net income of $799,896 or $0.11 per diluted share for the three months ended June 30, 2025. Tangible Book Value per share improved during the quarter by $0.12 to $12.20 on June 30, 2026, compared to $12.08 on March 31, 2026, with quarter-to-date earnings and improvement on the valuation of the available for sale portfolio. Return on Average Assets ("ROAA") was 0.11% for the quarter ended June 30, 2026, compared to ROAA of 0.44% for the quarter ended March 31, 2026, and 0.29% for the three months ended June 30, 2025. Return on Average Equity ("ROAE") was 1.38% for the quarter ended June 30, 2026, compared to ROAE of 5.57% for the three months ended March 31, 2025, and 3.97% for the three months ended June 30, 2025. Total Assets were $1.039 billion on June 30, 2026, a decrease of $14 million or 1.33% from total assets on March 31, 2026, as cash and securities came down and brokered deposit balances were reduced. Gross Loans held-for-investment decreased by $7.3 million or 0.94% during the quarter. Total deposits decreased by $42 million or by 4.64% during the quarter, led by a $30 million reduction in brokered deposits. Non-interest-bearing demand deposits decreased by $7.3 million during the quarter to $142.1 million and represented 16.24% of total deposits on June 30, 2026. The net interest margin1 increased in the second quarter to 2.83%, higher by 10 basis points compared to the linked quarter and by 18 basis points compared to the same period in 2025. The increase in the net interest margin across linked quarters was a result of holding less low margin assets, while the decrease for the same period a year ago is related to cost of funds reductions. The cost of funds was 2.85% for the second quarter, higher by 1 basis point compared to the linked quarter and lower by 35 basis points compared to the same period in 2025, as a result of a decline in deposit costs and borrowing costs. Non-interest income increased by 17% compared to the linked quarter and by 26% compared to the same period in 2025. The increase in non-interest income in the second quarter of 2026 was primarily due to higher net revenue from the mortgage unit along with gains in the Bank's SBIC investments. Non-interest expense increased by $943 thousand in the second quarter or by 14% compared to the linked quarter and increased by 22% compared to the same period in 2025. The increase in expenses compared to the linked quarter was largely due to the $668 thousand write down in the Bank's OREO valuation. Professional Fees were also elevated in the quarter and the Bank increased its marketing expense to promote its new Tysons Corner location. The Efficiency Ratio2 was 89.67% for the quarter ended June 30, 2026, compared to 81.88% for the linked quarter and 77.57% for the same period in 2025. Excluding the OREO write-down, the efficiency ratio would have been similar to the prior period at 81.93%. Uninsured deposits were 24.9% of total deposits and total liquidity to uninsured deposits3 was 118.71% of uninsured deposits on June 30, 2026. Net charge offs were 0.02% of average loans compared to 0.81% in the prior quarter which had the $6.2 million in charge-offs mostly related to one large loan that had been provisioned for in 2025. The ratio of non-accrual loans to loans held-for-investment was 3.32% on June 30, 2026, compared to 2.46% on March 31, 2026, and 1.45% on June 30, 2025. The ratio of non-performing assets to total assets was 2.57% on June 30, 2026, compared to 1.95% on March 31, 2026, and 0.98% on June 30, 2025. The Company recognized a provision for loan losses of $538,805, related to changes in the overall portfolio including C&I loan growth. The ratio of the allowance for loan losses to loans held-for-investment was 1.06% at June 30, 2026 compared to 1.00% at the end of the linked quarter. The Bank continues to be well capitalized and capital ratios continue to be strong with a Leverage ratio of 11.06%, Common Equity Tier 1 ratio of 13.66%, Tier 1 Risk Based Capital ratio of 13.66% and a Total Capital ratio of 14.63% as of June 30, 2026. Common Equity Tier 1, Tier 1 Risk Based Capital, and Total Capital ratios are up by 16 basis points, 16 basis points, and 21 basis points, respectively, due to the Bank holding lower average assets in the quarter, and accumulating earnings. Net Interest Income
The Company recorded net interest income of $6.979 million for the second quarter of 2026, higher by 1.21% compared to the linked quarter, and by 1.5% compared to the same period in 2025. The net interest margin in the first quarter of 2026 was 2.83%, higher by 10 basis points compared to the linked quarter and by 18 basis points compared to the same period in 2025.
The following factors contributed to the changes in net interest margin during the first quarter of 2026 compared to the linked and calendar quarters.
Yields on average earning assets were 5.57% in the second quarter of 2026, higher by 13 basis points compared to the linked quarter, and lower by 16 basis points compared to the prior year calendar quarter. The increase in yields on average earning assets in the second quarter compared to the linked quarter was primarily due to decreased cash and decreased securities held on the balance sheet in the quarter. The decrease over the calendar quarter is largely due to interest rate decreases on cash and floating rate securities and loans that took place over the second half of 2025. Loan yields increased by 4 basis point to 6.01% from 5.97% in the linked quarter, while yields on investment securities increased by 4 basis points to 4.01% from 3.97% in the linked quarter. Loan yields decreased by 19 basis points, while yields on investment securities decreased by 38 basis points compared to the calendar quarter. Cost of funds increased by 1 basis point to 2.85% from 2.84% in the linked quarter, and by 35 basis points compared to the prior year quarter, due to lower deposit and borrowing costs. Non-interest Income
Non-interest income was $1.66 million for the first quarter, an increase of 17% when compared to the linked quarter and an increase of 26% when compared to the same period in 2025. The increase in non-interest income in the second quarter of 2026 compared to the linked quarter and the prior calendar quarter was due to higher revenue from the gain on sale of mortgage loans and SBIC investment income.
Total Revenue4
Total revenue, defined as the sum of net interest income, before provision for loan losses, and non-interest income, was higher by 3.98% compared to the linked quarter and by 5.49% compared to the calendar quarter in 2025. The increase in total revenue compared to the linked and calendar quarter was due to an increase in the net interest margin and from the gain on sale of residential mortgages.
Non-interest Expense
Non-interest expense in the second quarter increased by $943 thousand or by 13.9% compared to the linked quarter and increased by 21.9% compared to the same period in 2025. The increase in expenses compared to the linked quarter and calendar quarter was largely attributable to the $668 thousand OREO write-down. We also increased our marketing expenses related to promoting the new location and saw an increase in Professional Fees.
The Efficiency Ratio2 was 89.67% for the quarter ended June 30, 2026, compared to 81.88% for the linked quarter and 77.57% for the same period in 2025. If not for the OREO expense in the quarter, the Bank would have had a 81.93% efficiency ratio.
Asset Quality
Non-accrual loans increased in the second quarter and were 3.32% of loans held-for-investment compared to 2.46% of loans held-for-investment at the end of the linked quarter. Total non-performing assets (defined as the sum of loans on non-accrual, loans greater than 90 days past due and accruing, and OREO assets) were 2.57% of total assets as of June 30, 2026, compared to 1.95% of total assets, at the end of the linked quarter.
The Company recognized a provision for loan losses of $538,805, primarily related to changes in the overall portfolio mix.
The Company's ratio of Allowance for Loan Losses to loans held-for-investment was 1.06% as of June 30, 2026, compared to the ratio of Allowance for Loan Losses to loans held-for-investment of 1.00% as of March 31, 2026.
Total Assets
Total assets on June 30, 2026, were $1.039 billion compared to total assets of $1.053 billion on March 31, 2026. Changes in major asset categories since March 31, 2026, were as follows:
Interest bearing deposits at banks decreased by $6.7 million. Investment balances decreased by $6.5 million. Gross loans held-for investment decreased by $7.27 million Residential mortgage loans held for sale increased by $1.74 million Total Liabilities
Total liabilities on June 30, 2026, were $953.72 million compared to total liabilities of $968.58 million on March 31, 2026. Total deposits were $874.82 million on June 30, 2026, compared to total deposits of $917.36 million on March 31, 2026. Non-interest-bearing demand deposits decreased by $7.3 million during the second quarter and comprised 16.23% of total deposits at the end of the second quarter. Brokered Deposits decreased by $30.0 million while Federal Home Loan Bank borrowings increased by $25.0 million.
Stockholders' Equity and Capital
Stockholders' equity as of June 30, 2026, was $85.15 million compared to $84.25 million on March 31, 2026. AOCI increased during the second quarter as there was a slight decrease in unrealized losses on available-for-sale securities. The tangible book value of the Company's common stock on June 30, 2026, was $12.20 per share compared to $12.08 on March 31, 2026. Excluding AOCI losses/gains5, the tangible book value of the Company's common stock on June 30, 2026, was $14.29 per share compared to $14.18 on March 31, 2026.
Stock Buyback Program
In the second quarter, the Company did not have any purchases under its previously announced share repurchase program. As of June 30, 2026, the Company had repurchased 43,800 of the 250,000 shares currently authorized for repurchase under the program that was approved at the end of 2025. The Board of Directors continues to believe that the share buyback program represents a disciplined capital management strategy for the Company.
Capital Ratios
As of June 30, 2026, the Bank's capital ratios were well above regulatory minimum capital ratios for well-capitalized bank holding companies. The Bank's capital ratios as of June 30, 2026, and March 31, 2026, were as follows:
June 30, 2026
March 31, 2026
Total Capital Ratio
14.63 %
14.42 %
Tier 1 Capital Ratio
13.66 %
13.50 %
Common Equity Tier 1 Capital Ratio
13.66 %
13.50 %
Leverage Ratio
11.06 %
10.70 %
About Freedom Financial Holdings, Inc.
Freedom Financial Holdings, Inc. is the holding company of The Freedom Bank of Virginia, a community bank with locations in Fairfax, Reston, Chantilly, Vienna, Tysons Corner, and Manassas, Virginia. For information about deposits, loans and other services, visit the website at www.freedom.bank.
Forward Looking Statements
This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expectations include: fluctuation in market rates of interest and loan and deposit pricing; general economic and financial market conditions, in the United States generally and particularly in the markets in which the Company operates and in which its loans are concentrated, including the effects of declines in real estate values, increases in unemployment levels, inflation, recessions and slowdowns in economic growth, including as a result of the impact of geopolitical conflicts; the impact of any U.S. federal government shutdown; U.S. and global trade policies and changes, including the impact of the imposition of or changes in tariffs and trade barriers; adverse developments in the financial services industry; maintenance and development of well-established and valued client relationships and referral source relationships; the adequacy or inadequacy of our allowance for credit losses; acquisition or loss of key production personnel; and the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, wars, terrorist acts or public health events, and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on the ability of the Company's borrowers to satisfy their obligations to the Company, on the value of collateral securing loans, on the demand for the Company's loans or its other products and services, on incidents of cyberattack and fraud, on the Company's liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of the Company's business operations and on financial markets and economic growth. The Company cautions readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and the Company may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.
FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Unaudited)
(Audited)
June 30,
March 31,
December 31,
2026
2026
2025
ASSETS
Cash and Due from Banks
$ 5,458,898
$ 4,527,248
$ 4,540,452
Interest Bearing Deposits with Banks
26,936,559
33,646,083
70,078,398
Securities Available-for-Sale
150,739,160
156,852,319
158,446,651
Securities Held-to-Maturity
17,846,586
18,242,410
19,242,952
Restricted Stock Investments
5,655,600
4,468,100
5,435,300
Loans Held for Sale
13,812,357
12,077,102
4,283,305
PPP Loans Held for Investment
112,661
112,661
117,738
Other Loans Held for Investment
763,549,261
770,827,073
762,435,469
Allowance for Loan Losses
(8,058,550)
(7,696,395)
(13,897,689)
Net Loans
769,415,729
775,320,441
752,938,823
Bank Premises and Equipment, net
1,499,670
1,189,003
728,030
Accrued Interest Receivable
4,525,299
4,463,908
4,059,501
Deferred Tax Asset
7,542,341
7,579,833
7,428,794
Bank-Owned Life Insurance
28,936,144
28,700,809
28,469,911
Right of Use Asset, net
5,339,622
5,657,815
1,582,514
Other Assets
14,970,136
12,178,246
12,931,701
Total Assets
$ 1,038,865,744
$1,052,826,215
$ 1,065,883,027
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
Demand Deposits
Non-interest Bearing
$ 142,064,271
$ 149,338,747
$ 149,516,366
Interest Bearing
540,859,808
548,420,087
555,799,698
Savings Deposits
2,151,753
2,289,866
1,989,696
Time Deposits
189,748,053
217,315,240
206,958,024
Total Deposits
874,823,885
917,363,940
914,263,784
Federal Home Loan Bank Advances
45,000,000
20,000,000
40,000,000
Other Borrowings
-
112,661
117,737
Subordinated Debt (Net of Issuance Costs)
19,967,531
19,948,049
19,928,568
Accrued Interest Payable
546,253
887,034
913,813
Lease Liability
5,697,751
5,878,842
1,666,836
Other Liabilities
7,682,523
4,385,636
4,852,310
Total Liabilities
$ 953,717,943
$ 968,576,162
$ 981,743,048
Stockholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized:
0 Shares Issued and Outstanding, June 30, 2026, March 31, 2026 and December 31, 2025
Common Stock, $0.01 Par Value, 25,000,000 Shares authorized:
23,000,000 Shares Voting and 2,000,000 Shares Non-voting.
Voting Common Stock:
6,978,754 , 6,973,747 and 6,984,013 Shares Issued and Outstanding
at June 30, 2026, March 31, 2026 and December 31, 2025 respectively
69,788
69,737
69,840
Non-Voting Common Stock:
-
-
-
0 Shares Issued and Outstanding at June 30, 2026, March 31, 2026
and December 31, 2025 respectively)
Additional Paid-in Capital
56,565,519
56,029,673
56,624,236
Accumulated Other Comprehensive Income, Net
(14,573,309)
(14,645,539)
(14,189,941)
Retained Earnings
43,085,803
42,796,182
41,635,844
Total Stockholders' Equity
$ 85,147,801
$ 84,250,053
$ 84,139,979
Total Liabilities and Stockholders' Equity
$ 1,038,865,744
$1,052,826,215
$ 1,065,883,027
FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
For the three
For the three
For the six
For the six
months ended
months ended
months ended
months ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Interest Income
Interest and Fees on Loans
$ 11,650,836
$ 11,673,927
$ 22,927,087
$ 24,377,509
Interest on Investment Securities
1,787,268
2,450,914
3,560,347
5,064,172
Interest on Deposits with Other Banks
285,510
750,611
988,900
1,013,118
Total Interest Income
13,723,614
14,875,452
27,476,334
30,454,799
Interest Expense
Interest on Deposits
6,151,712
7,275,073
12,491,753
14,221,266
Interest on Borrowings
592,778
724,216
1,110,069
1,637,370
Total Interest Expense
6,744,490
7,999,289
13,601,822
15,858,637
Net Interest Income
6,979,124
6,876,162
13,874,512
14,596,162
Provision/(Recovery) for Loan Losses
538,805
688,865
598,141
973,548
Net Interest Income After
Provision for Loan Losses
6,440,319
6,187,298
13,276,371
13,622,614
Non-Interest Income
Mortgage Loan Gain-on-Sale and Fee Revenue
1,079,890
797,759
2,022,147
1,455,072
SBA Gain-on-Sale Revenue
-
-
-
-
Service Charges and Other Income
327,093
270,230
547,834
344,121
Servicing Income
16,001
21,045
33,494
47,147
Increase in Cash Surrender Value of Bank-
owned Life Insurance
235,334
223,061
466,233
443,925
Total Non-interest Income
1,658,318
1,312,094
3,069,708
2,290,265
Total Revenue
8,637,442
8,188,257
16,944,220
16,886,427
Non-Interest Expenses
Officer and Employee Compensation
and Benefits
4,373,967
3,752,761
8,777,587
7,522,296
Occupancy Expense
375,936
244,279
740,877
486,442
Equipment and Depreciation Expense
11,336
16,619
22,048
25,345
Insurance Expense
245,402
220,346
452,001
446,112
Professional Fees
439,501
559,904
785,807
1,030,213
Data and Item Processing
587,093
595,492
1,118,056
1,133,705
Advertising
109,791
151,676
191,391
234,791
Franchise Taxes and State Assessment Fees
329,846
314,444
656,415
628,658
Mortgage Fees and Settlements
153,051
99,819
227,890
174,548
Other Operating Expense
1,119,074
396,213
1,574,469
690,447
Total Non-interest Expenses
7,744,997
6,351,552
14,546,541
12,372,557
Income Before Income Taxes
353,640
1,147,840
1,799,538
3,540,322
Income Tax Expense/(Benefit)
64,019
347,943
349,579
721,082
Net Income
$ 289,621
$ 799,896
$ 1,449,959
$ 2,819,240
Earnings per Common Share - Basic
$ 0.04
$ 0.11
$ 0.20
$ 0.39
Earnings per Common Share - Diluted
$ 0.04
$ 0.11
$ 0.20
$ 0.39
Weighted-Average Common Shares
Outstanding - Basic
7,098,594
7,137,779
7,101,643
7,151,171
Weighted-Average Common Shares
Outstanding - Diluted
7,124,543
7,140,491
7,175,023
7,153,655
FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
For the three
For the three
For the three
For the three
For the three
months ended
months ended
months ended
months ended
months ended
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
Interest Income
Interest and Fees on Loans
$ 11,650,836
$ 11,276,251
$ 11,337,250
$ 11,671,310
$ 11,673,927
Interest on Investment Securities
1,787,268
1,773,078
2,224,322
2,307,732
2,450,914
Interest on Deposits with Other Banks
285,510
703,390
214,396
507,622
750,610
Total Interest Income
13,723,614
13,752,719
13,775,968
14,486,664
14,875,451
Interest Expense
Interest on Deposits
6,151,712
6,340,041
6,260,656
7,036,552
7,275,073
Interest on Borrowings
592,778
517,291
818,943
701,474
724,216
Total Interest Expense
6,744,490
6,857,332
7,079,599
7,738,026
7,999,289
Net Interest Income
6,979,124
6,895,387
6,696,369
6,748,638
6,876,162
Provision/(Recovery) for Loan Losses
538,805
59,336
6,941,897
496,824
688,865
Net Interest Income After
Provision for Loan Losses
6,440,319
6,836,051
(245,528)
6,251,814
6,187,297
Non-Interest Income
Mortgage Loan Gain-on-Sale and Fee Revenue
1,079,890
942,257
680,766
718,684
797,759
SBA Gain-on-Sale Revenue
-
-
-
-
-
Service Charges and Other Income
327,093
220,740
246,568
453,981
270,230
Servicing Income
16,001
17,493
18,303
19,060
21,045
Increase in Cash Surrender Value of Bank-
owned Life Insurance
235,334
230,899
233,820
231,549
223,061
Total Non-interest Income
1,658,318
1,411,389
1,179,457
1,423,274
1,312,095
Total Revenue
8,637,442
8,306,776
7,875,826
8,171,912
8,188,257
Non-Interest Expenses
Officer and Employee Compensation
and Benefits
4,373,967
4,403,621
3,562,780
4,067,037
3,752,761
Occupancy Expense
375,936
364,940
239,846
246,378
244,279
Equipment and Depreciation Expense
11,336
10,712
12,898
16,039
16,619
Insurance Expense
245,402
206,599
126,852
244,170
220,346
Professional Fees
439,501
346,305
375,040
291,975
559,904
Data and Item Processing
587,093
530,962
523,717
540,506
595,492
Advertising
109,791
81,600
63,476
112,566
151,676
Franchise Taxes and State Assessment Fees
329,846
326,569
324,569
334,422
314,444
Mortgage Fees and Settlements
153,051
74,839
70,037
106,266
99,819
Other Operating Expense
1,119,074
455,395
315,610
368,343
396,213
Total Non-interest Expenses
7,744,997
6,801,542
5,614,825
6,327,702
6,351,552
Income Before Income Taxes
353,640
1,445,898
(4,680,896)
1,347,386
1,147,840
Income Tax Expense/(Benefit)
64,019
285,560
(1,112,923)
224,456
347,943
Net Income (Loss)
$ 289,621
$ 1,160,338
$ (3,567,973)
$ 1,122,930
$ 799,897
Earnings (Loss) per Common Share - Basic
$ 0.04
$ 0.16
$ (0.50)
$ 0.16
$ 0.11
Earnings (Loss) per Common Share - Diluted
$ 0.04
$ 0.16
$ (0.50)
$ 0.16
$ 0.11
Weighted-Average Common Shares
Outstanding - Basic
7,098,594
7,104,820
7,121,482
7,134,446
7,137,779
Weighted-Average Common Shares
Outstanding - Diluted
7,124,543
7,174,318
7,183,791
7,184,688
7,140,491
Average Balances, Income and Expenses, Yields and Rates
(Unaudited)
Three Months Ended
Three Months Ended
Three Months Ended
Three Months Ended
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
Average Balance
Income/
Expense
Yield
Average Balance
Income/
Expense
Yield
Average Balance
Income/
Expense
Yield
Average Balance
Income/
Expense
Yield
Assets
Cash
$32,056,464
$277,476
3.47 %
$78,256,733
$703,390
3.65 %
$23,427,239
$214,395
3.63 %
$46,853,763
$507,622
4.30 %
Investments (Tax Exempt)
$19,253,217
$150,043
3.13 %
$19,983,529
$150,924
3.06 %
$20,215,951
$154,645
3.03 %
$19,928,687
$155,780
3.10 %
Investments (Taxable)
$160,163,550
$1,645,259
4.12 %
$161,336,487
$1,622,154
4.08 %
$188,641,324
$2,069,677
4.35 %
$193,341,006
$2,151,952
4.42 %
Total Investments
$179,416,767
$1,795,302
4.01 %
$181,320,016
$1,773,078
3.97 %
$208,857,275
$2,224,322
4.23 %
$213,269,693
$2,307,732
4.29 %
Total Loans
$777,241,247
$11,650,836
6.01 %
$766,481,826
$11,276,251
5.97 %
$752,172,975
$11,337,250
5.98 %
$744,905,635
$11,671,310
6.22 %
Earning Assets
$988,714,478
$13,723,614
5.57 %
$1,026,058,575
$13,752,719
5.44 %
$984,457,489
$13,775,967
5.55 %
$1,005,029,091
$14,486,664
5.72 %
Assets
$1,047,065,095
$289,621
0.11 %
$1,075,063,057
$1,160,338
0.44 %
$1,036,072,664
($3,567,973)
-1.37 %
$1,058,353,304
$1,122,930
0.42 %
Liabilities
Interest Checking
$128,410,952
$862,935
2.70 %
$139,199,596
$872,499
2.54 %
$151,579,307
$934,090
2.44 %
$127,149,614
$998,124
3.11 %
Money Market
$281,596,967
$2,111,939
3.01 %
$314,492,661
$2,346,245
3.03 %
$297,707,680
$2,468,165
3.29 %
$320,887,145
$2,722,629
3.37 %
Savings
$2,298,115
$1,120
0.20 %
$2,092,200
$1,087
0.21 %
$1,973,024
$1,045
0.21 %
$2,415,353
$1,051
0.17 %
Time Deposits
$338,730,230
$3,175,717
3.76 %
$334,036,792
$3,120,209
3.79 %
$285,497,039
$2,857,356
3.97 %
$317,448,404
$3,314,747
4.14 %
Interest Bearing Deposits
$751,036,264
$6,151,711
3.29 %
$789,821,247
$6,340,041
3.26 %
$736,757,050
$6,260,656
3.37 %
$767,900,516
$7,036,551
3.64 %
Borrowings
$61,577,333
$592,778
3.86 %
$55,160,259
$517,291
3.80 %
$76,844,331
$818,943
4.23 %
$61,329,539
$701,474
4.54 %
Interest Bearing Liabilities
$812,613,597
$6,744,490
3.33 %
$844,981,507
$6,857,332
3.29 %
$813,601,381
$7,079,599
3.45 %
$829,230,055
$7,738,025
3.70 %
Non Interest Bearing Deposits
$ 137,774,380
$ 135,220,445
$ 125,385,868
$ 133,933,651
Cost of Funds
$ 950,387,978
$ 6,744,490
2.85 %
$ 980,201,952
$ 6,857,332
2.84 %
$ 938,987,249
$ 7,079,599
2.99 %
$ 963,163,706
$ 7,738,025
3.19 %
Net Interest Margin
$988,714,479
$6,979,124
2.83 %
$1,026,058,575
$6,895,388
2.73 %
$984,457,489
$6,696,368
2.70 %
$1,005,029,091
$6,748,638
2.66 %
Average Balances, Income and Expenses, Yields and Rates
(Unaudited)
Three Months Ended
Three Months Ended
Six Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Average Balance
Income/ Expense
Yield
Average Balance
Income/ Expense
Yield
Average Balance
Income/ Expense
Yield
Average Balance
Income/ Expense
Yield
Assets
Cash
$32,056,464
$277,476
3.47 %
$65,570,216
$750,611
4.59 %
$55,028,974
$980,866
3.59 %
$47,777,734
$1,013,118
4.28 %
Investments (Tax Exempt)
$19,253,217
$150,043
3.13 %
$19,843,159
$156,555
3.18 %
$19,616,356
$300,967
3.09 %
$20,027,655
$323,442
3.26 %
Investments (Taxable)
$160,163,550
$1,645,259
4.12 %
$204,066,557
$2,294,359
4.52 %
$160,746,778
$3,267,413
4.10 %
$208,324,597
$4,750,529
4.60 %
Total Investments
$179,416,767
$1,795,302
4.01 %
$223,909,716
$2,450,914
4.39 %
$180,363,134
$3,568,380
3.99 %
$228,352,252
$5,073,971
4.48 %
Total Loans
$777,241,247
$11,650,836
6.01 %
$755,231,852
$11,673,926
6.20 %
$771,891,259
$22,927,087
5.99 %
$759,665,068
$24,377,509
6.47 %
Earning Assets
$988,714,478
$13,723,614
5.57 %
$1,044,711,784
$14,875,451
5.73 %
$1,007,283,367
$27,476,333
5.50 %
$1,035,795,054
$30,464,598
5.93 %
Assets
$1,047,065,095
289,621
0.11 %
$1,100,110,176
799,897
0.29 %
$1,060,986,734
1,449,959
0.28 %
$1,092,025,722
2,819,240
0.52 %
Liabilities
Interest Checking
$128,410,952
$862,935
2.70 %
$125,175,008
$979,587
3.13 %
$133,775,471
$1,735,435
2.62 %
$123,980,287
$1,909,186
3.11 %
Money Market
$281,596,967
$2,111,939
3.01 %
$396,798,385
$3,620,383
3.65 %
$297,953,942
$4,458,185
3.02 %
$372,579,031
$6,779,987
3.67 %
Savings
$2,298,115
$1,120
0.20 %
$6,727,490
$1,503
0.09 %
$2,195,726
$2,207
0.20 %
$5,569,639
$2,658
0.10 %
Time Deposits
$338,730,231
$3,175,717
3.76 %
$272,467,884
$2,673,600
3.93 %
$336,396,476
$6,295,927
3.77 %
$283,341,703
$5,529,389
3.94 %
Interest Bearing Deposits
$751,036,265
$6,151,711
3.29 %
$801,168,767
$7,275,073
3.63 %
$770,321,615
$12,491,754
3.27 %
$785,470,660
$14,221,220
3.65 %
Borrowings
$61,577,333
$592,778
3.86 %
$63,255,808
$724,216
4.59 %
$58,386,523
$1,110,069
3.83 %
$70,756,945
$1,637,370
4.67 %
Interest Bearing Liabilities
$812,613,598
$6,744,490
3.33 %
$864,424,575
$7,999,289
3.71 %
$828,708,138
$13,601,822
3.31 %
$856,227,605
$15,858,590
3.73 %
Non Interest Bearing Deposits
$ 137,774,380
$ 140,837,354
$ 136,504,468
$ 167,639,041
Cost of Funds
$ 950,387,978
$ 6,744,490
2.85 %
$ 1,005,261,929
$ 7,999,289
3.19 %
$ 965,212,607
$ 13,601,822
2.84 %
$ 1,023,866,646
$ 15,858,590
3.12 %
Net Interest Margin
$988,714,479
$6,979,124
2.83 %
$1,044,711,784
$6,876,162
2.64 %
$1,007,283,366
$13,874,512
2.78 %
$1,035,795,054
$14,606,007
2.84 %
Selected Financial Data by Quarter Ended:
(Unaudited)
Balance Sheet Ratios
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
Loans held-for-investment to Deposits
87.29 %
84.04 %
83.41 %
86.72 %
80.83 %
Income Statement Ratios (Quarterly)
Return on Average Assets (ROAA)
0.11 %
0.44 %
-1.37 %
0.42 %
0.29 %
Return on Average Equity (ROAE)
1.38 %
5.57 %
-15.96 %
5.57 %
3.97 %
Efficiency Ratio
89.67 %
81.88 %
71.29 %
77.43 %
77.57 %
Net Interest Margin
2.83 %
2.73 %
2.70 %
2.66 %
2.66 %
Yield on Average Earning Assets
5.57 %
5.44 %
5.55 %
5.72 %
5.73 %
Yield on Securities
4.01 %
3.97 %
4.23 %
4.29 %
4.39 %
Yield on Loans
6.01 %
5.97 %
5.98 %
6.22 %
6.20 %
Cost of Funds
2.85 %
2.84 %
2.99 %
3.19 %
3.19 %
Noninterest income to Total Revenue
19.20 %
16.99 %
14.98 %
17.42 %
16.02 %
Liquidity Ratios
Uninsured Deposits to Total Deposits
24.90 %
27.11 %
29.43 %
24.51 %
22.51 %
Total Liquidity to Uninsured Deposits
118.71 %
117.18 %
130.31 %
136.91 %
167.83 %
Total Liquidity to Unfunded Commitments, CDs and Borrowings maturing in next 30 days
166.82 %
206.16 %
251.78 %
209.14 %
252.65 %
Tangible Common Equity Ratio
8.20 %
8.00 %
7.91 %
8.45 %
7.85 %
Tangible Common Equity Ratio (adjusted for unrealized losses on HTM securities)
8.01 %
7.82 %
7.76 %
8.27 %
7.64 %
Available -for-Sale securities (as % of total securities)
89.41 %
89.58 %
89.17 %
90.64 %
90.87 %
Per Share Data
Tangible Book Value
$12.20
$12.08
$12.05
$12.45
$12.01
Tangible Book Value (ex AOCI)
$14.29
$14.18
$14.08
$14.58
$14.39
Share Price Data
Closing Price
$12.15
$11.90
$11.83
$11.52
$11.26
Book Value Multiple
100 %
99 %
98 %
93 %
94 %
Common Stock Data
Outstanding Shares at End of Period
6,978,754
6,973,747
6,984,013
7,002,103
7,002,103
Weighted Average shares outstanding, basic
7,098,594
7,104,820
7,136,456
7,134,446
7,137,779
Weighted Average shares outstanding, diluted
7,124,543
7,174,318
7,193,284
7,184,688
7,140,491
Capital Ratios (Bank Only)
Tier 1 Leverage ratio
11.06 %
10.70 %
11.05 %
11.23 %
10.66 %
Common Equity Tier 1 ratio
13.66 %
13.50 %
13.82 %
14.64 %
14.30 %
Tier 1 Risk Based Capital ratio
13.66 %
13.50 %
13.82 %
14.64 %
14.30 %
Total Risk Based Capital ratio
14.63 %
14.42 %
15.08 %
15.53 %
15.20 %
Credit Quality
Net Charge-offs to Average Loans
0.02 %
0.81 %
0.03 %
0.13 %
0.01 %
Total Non-performing Loans to loans held-for-investment
3.32 %
2.46 %
3.51 %
2.30 %
1.45 %
Total Non-performing Assets to Total Assets
2.57 %
1.95 %
2.51 %
1.65 %
0.98 %
Nonaccrual Loans to loans held-for-investment
3.32 %
2.50 %
3.51 %
2.30 %
1.45 %
Provision for Loan Losses
$538,805
$59,336
$6,941,897
$496,824
$688,865
Allowance for Loan Losses to net loans held-for-investment
1.06 %
1.00 %
1.82 %
0.96 %
0.96 %
Allowance for Loan Losses to net loans held-for-investment (ex PPP loans)
1.06 %
1.00 %
1.82 %
0.96 %
0.96 %
FREEDOM FINANCIAL HOLDINGS, INC.
CONSOLIDATED SELECTED FINANCIAL DATA
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
Quarter Ending
1Net Interest Margin
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
Average Earning Assets
$988,714,478
$ 1,026,058,575
$ 984,457,489
$ 1,005,029,091
$ 1,044,711,785
Yield on Interest Earning Assets (GAAP)
5.57 %
5.44 %
5.55 %
5.72 %
5.73 %
Net Interest Margin (NIM) (GAAP)
2.83 %
2.73 %
2.70 %
2.66 %
2.66 %
2Efficiency Ratio (Non-GAAP)
Quarter Ending
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
Net Interest Income
$ 6,979,124
$ 6,895,387
$ 6,696,369
$ 6,748,638
$ 6,876,162
Non-Interest Income
1,658,318
1,411,389
$ 1,179,457
1,423,274
1,312,095
Total Revenue
$ 8,637,442
$ 8,306,776
$ 7,875,826
$ 8,171,912
$ 8,188,257
Non-Interest Expense
7,744,997
6,801,542
$ 5,614,825
6,327,702
6,351,552
Efficiency Ratio (Non-GAAP)
89.67 %
81.88 %
71.29 %
77.43 %
77.57 %
3Liquidity Ratios (Non-GAAP)
Quarter Ending
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
Available-for-Sale Securities (as % of total securities)
89.41 %
89.58 %
89.17 %
90.64 %
90.87 %
Uninsured Deposits to Total Deposits
24.90 %
27.11 %
29.43 %
24.51 %
22.51 %
Total Liquidity to Uninsured Deposits
118.71 %
117.18 %
130.31 %
136.91 %
167.83 %
Total Liquidity to Unfunded Commitments, CDs and Borrowings
maturing in next 30 days
166.82 %
206.16 %
251.78 %
209.14 %
252.65 %
Tangible Common Equity Ratio
8.20 %
8.00 %
7.91 %
8.45 %
7.85 %
Tangible Common Equity Ratio(adjusted for unrealized losses
8.01 %
7.82 %
7.76 %
8.27 %
7.64 %
on HTM Securities)
4Total Liquidity is the sum of cash, cash balances at banks, unencumbered available-for-sale securities and secured borrowing availability at the Federal Reserve
and the Federal Reserve Bank
Contact:
Scott Clark
Senior Executive Vice President & Chief Financial Officer
Phone: 703-667-4119
Email: [email protected]
ALMATY, Kazakhstan & SHANGHAI--(BUSINESS WIRE)--On July 16, 2026, during a meeting between Timur Turlov, CEO of Freedom Holding Corp., and representatives of the global fintech market, the bank signed Memoranda of Understanding with Antom, a leading merchant payment and digitisation services provider under Ant International. The primary goal of this partnership is to develop innovative solutions to facilitate cross-border payments for consumers in Kazakhstan. Antom will promote Freedom Bank Sup.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that aggregate gross proceeds from its offering of ordinary shares were US$300 million. In the offering, the company sold 2,374,356 ordinary shares, at a price of approximately US$126.35 per share.
Freedom Holding Corp. plans to use the proceeds to support its continued expansion and international investment program.
“The proceeds from this offering will support the development of our ecosystem in international markets,” said Timur Turlov, founder and chief executive officer of Freedom Holding Corp. “I believe the ecosystem our team has built in Kazakhstan can be competitive not only in these markets, but also in the United States, where we intend to introduce it in due course,” he added.
Freedom is developing a unified digital ecosystem that brings together banking, brokerage, insurance, and lifestyle services. At the core of this model is the Freedom SuperApp, which provides access to financial products, payments, insurance, investments, ticketing, travel, and e-commerce services.
International Expansion
International growth is a key element of Freedom’s strategy. The company plans to develop digital financial services in Europe by drawing on its experience in building an integrated financial ecosystem in Kazakhstan.
Earlier in June 2026, Freedom Holding Corp. applied for a banking license in France. The company has also stated that it aims to attract 50 million new clients in Europe.
Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom, recently received approval from Türkiye’s Banking Regulation and Supervision Agency to acquire a 99.32% stake in Turkish Bank A.Ş. The approval marks a key regulatory step toward completing the transaction. Upon completion, Turkish Bank would provide Freedom with an established banking platform from which to develop financial services in the country.
In November 2025, Freedom Holding Corp. received approval to open a bank in Georgia, further expanding the geographic reach of its financial ecosystem.
The company views Kazakhstan as the foundation for developing and refining its digital model for international markets. In 2025, Freedom’s ecosystem-building case was included in the MBA program at Stanford Graduate School of Business. The case became part of the school’s educational library and was prepared for use by students, faculty, and participants in international business programs.
Business and Financial Performance
As of March 31, 2026, Freedom’s ecosystem served more than 14 million customers across its banking, brokerage, insurance, lifestyle, and other business lines. The Freedom SuperApp had more than 5.2 million registered users.
The number of brokerage clients increased by 26%, from 683,000 to 858,000, while banking clients grew by approximately 100%, from 2.52 million to 5.03 million. The company’s other services segment had 1.105 million clients as of March 31, 2026.
For the fiscal year ended March 31, 2026, Freedom Holding Corp.’s revenue increased to US$2.19 billion, compared with US$2.0 billion a year earlier. Net income rose to US$153.3 million from US$76.2 million in the previous fiscal year. Basic earnings per share were US$2.56, and diluted earnings per share were US$2.51.
The company’s total assets reached US$13.16 billion as of March 31, 2026, while shareholders’ equity amounted to US$1.49 billion.
In June 2026, S&P Global Ratings upgraded the ratings of JSC Freedom Finance, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and JSC Freedom Bank Kazakhstan to ‘BB-’ with a stable outlook. Freedom Holding Corp.’s issuer credit rating was affirmed at ‘B-’.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata.
Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp. [email protected]
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/689175a0-3261-419d-9add-54b7426fd415
NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that it has completed an offering of 2,374,356 shares of its common stock pursuant to Regulation S of the Securities Act of 1933 (the “Securities Act”), raising aggregate gross proceeds of nearly US$300 million.
This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities offered in the offering mentioned above will not be or have not been registered under the Securities Act and may not be offered or sold in the United States or to U.S. persons (other than distributors) absent registration or an applicable exemption from the registration requirements of the Securities Act. Hedging transactions involving the securities may not be conducted unless in compliance with the Securities Act.
System supports lithium extraction, sample production, and operating-team training while Company prepares first 1,000 tpa commercial-scale plant
DALLAS--(BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has commissioned its fully automated Gen 6 extraction system at Freedom Launchpad, the Company’s training and customer-sample production platform at its first deployment site.
The process is not being changed for scale-up. The Company expects the commercial-scale design to use the same core process architecture, with larger carousels holding additional extraction modules to support increased throughput.
Share The Gen 6 system is operating as expected and is now supporting lithium extraction and lithium carbonate production at the site. The system is designed around a 5,000 barrel-per-day processing basis and advances LibertyStream’s repeatable template for critical mineral recovery from existing U.S. oil and gas water-handling infrastructure.
Freedom Launchpad is where LibertyStream is producing lithium carbonate, preparing customer samples, training operators, capturing process data, and refining the operating playbook. Freedom 1, located at the same site, is the Company’s first 1,000 tonne-per-annum commercial-scale plant, previously referred to as Facility 1.
“Commissioning the fully automated Gen 6 system is an important execution milestone,” said Alex Wylie, President & CEO of LibertyStream. “We have moved from field learning, manual operation, and customer sample production into an automated system that reflects the architecture we intend to scale. Our focus remains disciplined: produce, qualify, train, build, and deploy.”
Automated Platform, Field-Learned Process
The fully automated Gen 6 system incorporates programmable logic controls and real-time monitoring across key operating variables, including temperature, pressure, flow rates, pH, and conductivity.
The system uses automation to streamline operations, strengthen operating consistency, and capture process data as LibertyStream advances customer samples, product qualification, operating-team training, and Freedom 1 readiness.
This commissioning milestone builds on the Company’s prior Gen 6 field work, which incorporated 21 months of operations, more than 400,000 barrels of processed brine, and over 2,500 operating tests. The Gen 6 configuration also reduced cycle time to approximately 20 minutes, compared with approximately 60 minutes under the Gen 5 configuration.
Over the past several months, LibertyStream’s operations, engineering, and chemistry teams have operated and refined the Gen 6 process while training at Freedom Launchpad. That hands-on operating period was intentional. It allowed the team to develop process familiarity, troubleshoot in real time, and build operating knowledge across the extraction sequence.
The newly commissioned automated Gen 6 system transfers that field experience into a programmable operating platform. The process is not being changed for scale-up. The Company expects the commercial-scale design to use the same core process architecture, with larger carousels holding additional extraction modules to support increased throughput.
From Freedom Launchpad to Freedom 1
LibertyStream has already produced lithium carbonate at its first deployment site, delivered product for customer evaluation, and announced a long-term offtake milestone for 600 tonnes per year of planned lithium carbonate supply beginning in 2027.
The automated Gen 6 system is expected to support continued production, larger-format customer samples, product qualification, performance data capture, operating-team development, and Freedom 1 readiness.
Freedom 1 is being developed as the Company’s first commercial-scale installation under its agreement with Select Water Solutions. As previously disclosed, the Stage 1 facility is designed for 1,000 tonnes per annum of lithium carbonate production and is targeted for commissioning by the end of December 2026.
Visible Progress at Freedom 1
Site preparation for Freedom 1 is advancing.
The Company has cleared and leveled the installation area and is preparing for concrete work to support receipt of commercial-scale equipment expected in late Q3 and early Q4 2026.
This work is part of LibertyStream’s broader execution plan to move from Freedom Launchpad into a repeatable commercial template. The objective is not a single installation. The objective is a scalable model for recovering critical minerals from large water streams already moving through established U.S. energy infrastructure.
Lithium carbonate is LibertyStream’s first product focus. The broader platform is designed around technology-led critical mineral recovery from existing oil and gas water-handling infrastructure. The Company expects to provide further updates as the automated Gen 6 system continues operating and as performance data, customer sample activity, Freedom 1 preparation, and commercial-scale equipment deployment advance.
About LibertyStream Infrastructure Partners
LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://LibertyStream.com/.
Forward-Looking Information
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively referred to herein as “forward-looking information”). When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “will”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking information. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, the Company’s expectations with respect to finalizing the definitive Offtake Agreement and the consulting agreement and the timing thereof; the anticipated services to be provided in the consulting agreement and the issuance of restricted share units to the consultant; the anticipated benefits of the Offtake Agreement; the Company’s expectations with respect to Facility 1 and the integration of the Company’s platform with existing oilfield water infrastructure; the Company’s expectations with respect to all-in operating costs of a 1,000-tonne-per-annum facility; the Company’s planned commercial configuration for Facility 1; the expectation that Facility 1 will generate standalone positive operating cash flow; the ability of the results from pre-commercial operations to date to create meaningful shareholder value and the Company’s ability to secure long-term commercial contracts; and the benefits of the Company’s proprietary DLE technology including the anticipated reduction of capital costs associated with lithium carbonate extraction from oilfield brine by the use of existing oil and gas infrastructure and the support of clean energy transition efforts caused by the deploy of the Company’s proprietary DLE technology. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including the risk that the timing of launching full-scale operations may be delayed or not occur at all; the risk that the Company is not able to secure appropriate partnerships, customers, and offtake agreements, including entering into the definitive Offtake Agreement based on the non-binding term sheet with the Offtake Partner, on terms acceptable to the Company or at all; the risk that the Company cannot achieve full commercial-scale operations on the timeline currently anticipated or at all; the risk that the Company’s anticipated all-in operating costs will be higher than expected; the risk that the assumptions of management in calculating the anticipated all-in operating costs are not complete or may change through the course of the Company’s ongoing business activities; the risk that management’s expectations and assumptions related to generating standalone positive cash flow are not complete or may change through the course of the Company’s ongoing business activities; the risk that the DLE technology cannot be scaled on a commercial basis as currently anticipated by the Company or at all; the risk that the anticipated near-term strategy may not be executed as currently anticipated; and, generally, those known risk factors outlined in the Company’s Management’s Discussion and Analysis for the year ended December 31, 2025, the Company’s Management’s Discussion and Analysis for the three months ended March 31, 2026 and the Company’s annual information form for the year ended December 31, 2024. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
More News From LibertyStream Infrastructure Partners Inc.
Publicly Traded ELEKTROS Inc. | Ticker Symbol:ELEK
WEST PALM BEACH, FL / ACCESS Newswire / July 4, 2026 / On behalf of everyone at ELEKTROS Inc., we extend our warmest Independence Day wishes to our valued shareholders, business partners, veterans, active-duty military personnel, and families across America.
The Fourth of July reminds us of the enduring values of liberty, courage, innovation, and opportunity. These ideals continue to inspire entrepreneurs, communities, and businesses striving to build a stronger future.
We sincerely appreciate the continued confidence and support of our shareholders. As we look ahead, ELEKTROS remains committed to pursuing its corporate vision with integrity, responsibility, and a focus on long-term value.
May this Independence Day bring peace, prosperity, good health, and happiness to you and your loved ones.
May God bless our shareholders, our Armed Forces, and the United States of America.
Happy Fourth of July!
Forward-Looking Statements:
This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated. Nothing herein should be interpreted as investment advice or a guarantee of future performance.
Contact Information
ELEKTROS Inc.
Publicly Traded (OTC PINK:ELEK)
West Palm Beach, Florida
Phone: 786-477-9003
Email: [email protected]
Website: https://elektros.energy
Publicly Traded ELEKTROS Inc. | Ticker Symbol:ELEK
WEST PALM BEACH, FL / ACCESS Newswire / July 4, 2026 / On behalf of everyone at ELEKTROS Inc., we extend our warmest Independence Day wishes to our valued shareholders, business partners, veterans, active-duty military personnel, and families across America.
The Fourth of July reminds us of the enduring values of liberty, courage, innovation, and opportunity. These ideals continue to inspire entrepreneurs, communities, and businesses striving to build a stronger future.
We sincerely appreciate the continued confidence and support of our shareholders. As we look ahead, ELEKTROS remains committed to pursuing its corporate vision with integrity, responsibility, and a focus on long-term value.
May this Independence Day bring peace, prosperity, good health, and happiness to you and your loved ones.
May God bless our shareholders, our Armed Forces, and the United States of America.
Happy Fourth of July!
Forward-Looking Statements:
This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated. Nothing herein should be interpreted as investment advice or a guarantee of future performance.
Contact Information
ELEKTROS Inc.
Publicly Traded (OTC PINK:ELEK)
West Palm Beach, Florida
Phone: 786-477-9003
Email: [email protected]
Website: https://elektros.energy
The Power of Brief Frameworks: Just like the brief, enduring architecture of the U.S. Constitution, a simple four-point portfolio blueprint handily outlasts shifting modern macro narratives. Spreading capital across a minimum of 42 distinct positions structurally dilutes the fallout of unavoidable corporate modifications. Retaining a quarter of all contractual cash distributions creates a highly powerful, self-sustaining share accumulation engine.
WEST PALM BEACH, FL / ACCESS Newswire / July 3, 2026 / Happy Fourth of July!
On behalf of everyone at ELEKTROS Inc., we extend our warmest Independence Day wishes to our valued shareholders, business partners, veterans, active-duty military personnel, and every American celebrating this remarkable day.
Independence Day represents the enduring ideals of liberty, courage, innovation, and opportunity. These principles continue to inspire entrepreneurs, innovators, and communities across our nation, reminding us that determination and vision can help shape a brighter future.
We are deeply grateful for the continued confidence of our shareholders and supporters. As we look toward the future, we remain committed to advancing our corporate vision with integrity, responsibility, and a steadfast dedication to long-term value creation.
As families and friends gather to celebrate, may this holiday bring peace, prosperity, good health, and lasting memories. We proudly honor the men and women who have served and continue to serve our nation.
May God bless our shareholders, may God bless our Armed Forces, and may God continue to bless the United States of America.
Happy Independence Day!
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated. Nothing herein should be interpreted as investment advice or a guarantee of future performance.
Contact Information
ELEKTROS Inc.
Publicly Traded (OTC Pink: ELEK)
West Palm Beach, Florida
Phone: 786-477-9003
Email: [email protected]
Website: https://elektros.energy
ELEKTROS Extends Its Warmest Independence Day Wishes to Shareholders, Families, and Communities Across the Nation
Happy Independence Day!
WEST PALM BEACH, FL / ACCESS Newswire / July 3, 2026 / On behalf of everyone at ELEKTROS Inc., we proudly extend our sincere best wishes to our valued shareholders, business partners, veterans, active-duty members of the Armed Forces, their families, and all Americans celebrating this Fourth of July.
Independence Day stands as a timeless reminder of the values that have shaped our nation-freedom, opportunity, perseverance, innovation, and hope. We are grateful to be part of a country where vision, determination, and hard work continue to inspire new ideas and new possibilities.
As families gather to celebrate this historic holiday, we wish everyone a safe, joyful, and memorable Independence Day. We deeply appreciate the confidence and support of our shareholders and remain committed to pursuing our long-term vision with integrity and dedication.
May God bless our shareholders, may God bless our servicemen and servicewomen, and may God continue to bless the United States of America.
Happy Fourth of July!
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Nothing contained herein should be construed as investment advice or a guarantee of future performance.
Contact Information
ELEKTROS Inc.
Publicly Traded (OTC PINK:ELEK)
West Palm Beach, Florida
Phone: 786-477-9003
Email: [email protected]
Website: https://elektros.energy
ISTANBUL, July 01, 2026 (GLOBE NEWSWIRE) -- Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), an international diversified financial services group operating in more than 20 countries, today announced that Türkiye’s Banking Regulation and Supervision Agency (BRSA) and Competition Authority of Türkiye has approved its planned acquisition of 99.32% of the share capital of Turkish Bank A.Ş.
BRSA approval is an important step toward completing the transaction and supports Freedom Holding Corp.’s strategy to build integrated financial services platforms in selected growth markets. Upon closing, Turkish Bank A.Ş., a Turkish banking institution with a history dating back to 1982, will become part of the Group’s regional platform in Türkiye, alongside its brokerage, investment and capital markets businesses.
“Türkiye is a strategic market for Freedom, and we are entering it with a clear understanding of what we want to build. In Kazakhstan, we have already proven that a digital ecosystem can become part of people’s everyday lives. In less than two years since its launch, Freedom SuperApp has reached 5.67 million users and has become one of the country’s fastest-growing digital services. We have brought financial services and advanced digital products together on a single platform, allowing them to complement and strengthen one another,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.“This is the experience we intend to bring to the Turkish market, where the potential client base could be four to five times larger than in Kazakhstan. The acquisition of a bank creates the foundation for scaling a model that has already proven its effectiveness, and BRSA approval is an important step toward launching it in Türkiye,” Turlov added.
Following completion of the acquisition, Turkish Bank will continue to operate under Turkish regulatory supervision and will gain access to Freedom’s expertise in digital financial services, technology-driven distribution and client-focused product development.
BRSA approval also comes as Freedom Holding is in the final stage of establishing its brokerage business in Türkiye. Final authorization from the Capital Markets Board of Türkiye would allow the Group to expand its financial products and services for retail, affluent and high-net-worth clients, as well as small and medium-sized businesses and corporate clients.
The Bank is expected to support Freedom’s regional strategy by enabling deeper integration of banking services, capital markets, insurance and cross-border financial solutions. Over time, the model may be expanded through non-financial services, including e-commerce, telecommunications and lifestyle offerings.
“BRSA approval is an important step toward implementing our strategy in Türkiye,” said H. Cenk Eynehan, Chief Executive Officer of Freedom Finansal Hizmetler A.Ş. “Following completion of the transaction, we will have the opportunity to combine the heritage and market position of an established Turkish banking institution with Freedom’s technology, entrepreneurial culture and international expertise. Our priority will be to create additional value for clients through innovation, accessibility and an expanded range of financial products and services.”
Freedom plans to implement a modernization and growth program focused on digital transformation, client channels, product expansion and operational efficiency. Integration will focus on technology infrastructure, client experience, product development and cooperation among Freedom’s Turkish business lines.
The transaction is expected to expand Freedom Holding Corp.’s presence across Eurasia, the Middle East and Central Asia and support the Group’s long-term investment strategy in selected growth markets.
The Freedom Holding Corp.'s banking business is already present in Tajikistan. In November last year, The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market granted the holding company approval to establish a bank in Georgia. In early June, Freedom Holding Corp. submitted an application to the French regulator for a banking license. Timur Turlov noted that the company plans to invest approximately €500 million in developing its digital ecosystem in France.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.
Freedom Finansal Hizmetler A.Ş., a wholly owned subsidiary of Freedom Holding Corp., was established in 2022 to support the Group’s expansion in Türkiye’s financial services sector. The company focuses on financial consulting and investments across banking, insurance, capital markets, payment systems and other financial services, including supporting the capitalization and development of portfolio companies.
In 2025, the Capital Markets Board of Türkiye granted the company an establishment license. Freedom Yatırım Menkul Değerler A.Ş. was subsequently established and is working toward obtaining an operating brokerage license upon meeting the regulator’s requirements.
Turkish Bank A.Ş. is a commercial bank operating in Türkiye and a member of TurkishBank Group. The bank provides a range of financial services, including corporate, commercial and retail banking solutions.
TurkishBank Group, established in 1901, is a privately owned financial services group operating across Türkiye, the Turkish Republic of Northern Cyprus and the United Kingdom. The Group provides banking, financial and wealth management solutions through an international network.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp. [email protected]
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6db975c8-cd09-47b5-85de-8c3e5db261ec
ALMATY, Kazakhstan & NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (Nasdaq: FRHC) today announced that Valeriy Kim, most recently Vice President of Finance of Freedom Holding Corp. and Chief Executive Officer at Freedom Holding Operations LLP, a Freedom Holding Corp. subsidiary, has been appointed as Chief Financial Officer of Freedom Holding Corp. Mr. Kim succeeds Evgeny Ler, who has served as the company's CFO since 2015. Mr. Ler is expected to serve as a special advisor to Freedom Holding.
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On June 25, 2026, Freedom Holding Corp (FRHC) shares fell 4.4%, bringing the current price to $129.06. This decline marks a significant drop over the past week
Leader, Author, and Community Advocate Joins Bank to Expand Relationships and Accelerate Growth
, /PRNewswire/ -- Freedom Financial Holdings, Inc. (OTCQX: FDVA) announced the appointment of Sheila K. Stabile to its Board of Directors. Ms. Stabile brings a wealth of experience in relationship-centered leadership, business development, and community engagement, further strengthening Freedom Bank's commitment to supporting clients and communities.
Ms. Stabile began her career at Boise Cascade and established a strong market presence in the Washington, D.C. area. She later served as Business Development Manager for CBRE, advising corporate clients on strategic real estate solutions. She is the founder of ConnectionYOU!, LLC and the author of ConnectionYOU! Build, Strengthen, and Profit by Making Connections in Work, Life, and Self. Throughout her career, she has helped leaders, teams, and organizations strengthen relationships, enhance communication, and create opportunity through meaningful connection.
"Sheila's experience in leadership, business development, and community service aligns perfectly with our mission to empower our clients and strengthen the communities we serve," said Joe Thomas, President & CEO of Freedom Bank. "Her insights will help us in our next phase of growth as we continue to expand and scale our entrepreneurial and client-centric franchise."
In addition to her professional achievements, Ms. Stabile has a long record of civic engagement. She has served as President of the Capital Speakers Club of Washington, D.C., held multiple board positions within the organization, and served as Vice President of the Light of Healing Hope Foundation, supporting charitable initiatives benefiting individuals and families in need. In 2024, she was named Champion of the Year by Best Buddies International after leading the highest fundraising campaign in D.C./Virginia history for the organization.
Ms. Stabile holds a Bachelor of Science degree from Olivet Nazarene University and completed graduate-level master's coursework at Southern Illinois University.
About Freedom Bank
The Freedom Bank of Virginia is a next-generation community bank focused on empowering clients to achieve their dreams through innovative business, commercial, personal, and mortgage banking solutions. Through its deep banker expertise and entrepreneurial DNA, exceptional service, and easy-to-use technology, Freedom Bank is built to be its clients' primary relationship bank. Freedom Bank has locations in Chantilly, Fairfax, Manassas, Reston, Tysons, and Vienna, with corporate offices in Tysons, VA. To learn more, visit www.freedom.bank.
Contact:
Joseph J. Thomas
President & Chief Executive Officer
Phone: 703-667-4161
Email: [email protected]
New York, United States, June 25, 2026 (GLOBE NEWSWIRE) -- S&P Global Ratings has upgraded ratings on several subsidiaries of Freedom Holding Corp., a Nasdaq-listed international investment and technology group. The ratings on Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC were raised to “BB-” with stable outlooks.
S&P also upgraded the long-term Kazakhstan national scale ratings on Freedom Finance JSC and Freedom Bank Kazakhstan JSC to “kzA-.” Earlier, the agency affirmed Kazakhstan’s sovereign credit ratings at “kzAAA” on the national scale and “BBB-” with a positive outlook. Freedom Holding Corp.’s rating remained at “B-” with a stable outlook.
According to S&P, Freedom has shown positive momentum in risk management both within the holding company itself and across the group’s subsidiaries. S&P said this should allow the group to more closely monitor and control risks within its growing business, including sanctions compliance, cybersecurity, reputational, regulatory and cryptocurrency risks.
The agency expects the group to maintain strong capitalization metrics over the next 12–24 months, despite ongoing investments in telecommunications and consumer lifestyle businesses. According to S&P, Freedom’s earnings metrics remain strong, with a three-year average operating profit-to-risk-weighted-assets ratio of approximately 2.2% for the period from March 2024 to March 2026, which remains high in an international context.
S&P also said the development of Freedom’s financial and non-financial businesses is not expected to place significant pressure on Freedom Holding Corp.’s capitalization.
The agency also highlighted Freedom’s position as one of Kazakhstan’s leading digital fintech ecosystems, noting the group’s SuperApp mobile application. Monthly active users of the app stood at approximately 2.6 million in March 2026.
In its rating update, S&P took into account Freedom Holding Corp.’s annual report for fiscal year 2026. The company reported record revenue of $2.19 billion and a twofold increase in net income to $153.3 million. Freedom also significantly expanded its client base across key business segments. The number of users of the bank’s services doubled over the year to 5.03 million, while the brokerage client base grew by 26% to 858,000 clients. In the insurance and other segments, Freedom serves around 2.2 million people. Overall, the client base of the company’s digital ecosystem across all operating markets exceeded 14 million people by the end of fiscal year 2026.
“The expansion of our digital ecosystem beyond our home region, where we built an effective business model in a relatively short period of time, is a key element of our long-term development strategy,” said Timur Turlov, CEO of Freedom Holding Corp. “We are already seeing strong growth in Europe, are close to obtaining banking and brokerage licenses in Turkey, and are actively developing our business in the United States and the Middle East. In Kazakhstan, we have built the experience, expertise and resources needed to compete for global leadership.”
As of May 1, 2026, Freedom’s European brokerage business had reached 453,000 clients. Freedom has also announced plans to expand its banking and digital ecosystem operations in several international markets. In early June, the company said it had applied for a banking license in France and planned to invest €500 million in developing its digital ecosystem there. Freedom also expects to invest $300 million in expanding its Turkish operations and has announced the acquisition of 99.32% of the shares of Turkish Bank. The company’s digital banking subsidiary has been operating in Tajikistan since October 2025, and in November 2025, Kazakhstan’s financial regulator granted Freedom permission to open a bank in Georgia.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC), and the common stock is included in Russell 3000 Index.
S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-”
S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-” S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-”
Venice, Fla., June 23, 2026 (GLOBE NEWSWIRE) -- Freedom Boat Club, the world’s largest boat club and a business of Brunswick Corporation (NYSE: BC), today announced the opening of its 450th global location, a significant milestone that reflects rapid, sustained growth and the increasing demand for flexible, accessible boating experiences. Freedom’s location footprint is now more than two and half times what it was when acquired by Brunswick in 2019 and now includes locations across 35 U.S. states, Canada, Europe, Australia, New Zealand and the United Arab Emirates.
Liberty Landing Marina in Jersey City, New Jersey, overlooking the Statue of Liberty and the Manhattan skyline, is the company’s 450th location, symbolizing Freedom’s continued expansion in premier boating markets. The Liberty Landing location is owned by Freedom franchisees Bev and Tom Rosella.
“This milestone is a direct result of disciplined execution, a differentiated model and the enduring appeal of the boating lifestyle,” said Cecil Cohn, Freedom Boat Club president. “We’ve scaled with purpose by expanding into high-demand markets, strengthening the member experience, and building a global network united by a shared mission to get more people on the water.”
The 450-location milestone comes amid continued domestic and international expansion, including several new and recently announced clubs:
Liberty Landing Marina (Jersey City, NJ) – The symbolic 450th location, offering unmatched access to New York Harbor.Sète, France (a new FBC of Cap d’Agde location) & Gruissan France – Expanding and strengthening Freedom’s leading presence along the scenic Mediterranean coast of Southern France.Cleveland Harbor Marina – Bringing Freedom’s flagship membership experience to one of the Great Lakes’ most iconic waterfront destinations.Lake Hopatcong, New Jersey – Extending one of Freedom’s fastest-growing franchise clubs to serve boaters across the tri-state area.Hutchinson Island, Savannah, GA – Bringing the Freedom experience to downtown Savannah and its vibrant riverfront boating community. As part of the Brunswick extensive marine ecosystem, Freedom Boat Club benefits from Brunswick’s industry-leading innovation, products, service, and support, while being an important source of engine, boat, and P&A demand.
“This trajectory reflects the growing appeal of flexible ways to enjoy life on the water,” said Cohn. “We’re scaling a model that expands access, introduces more people to boating, and positions Freedom Boat Club as an important driver of the industry’s long-term growth.”
About Freedom Boat Club
Founded in 1989, Freedom Boat Club, a business of Brunswick Corporation (NYSE: BC), is the world’s largest boat club, offering a hassle-free boating experience at more than 450 locations across 35 U.S. states, Canada, Europe, Australia, New Zealand and the United Arab Emirates. Members enjoy unlimited access to a wide variety of well-maintained boats and the benefit of premium dockside service. With an innovative membership model, Freedom Boat Club provides boaters of all levels the freedom to explore the water, experience adventure, and enjoy the boating lifestyle. For more information, visit freedomboatclub.com or learn more about franchise opportunities at www.FreedomBoatClubFranchise.com.
About Brunswick Corporation:
Brunswick Corporation (NYSE: BC) is a global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Its technology-driven solutions are informed by deep consumer insights and guided by the belief that “Next Never Rests™.” Brunswick is home to more than 60 industry-leading brands across marine propulsion (including Mercury Marine), parts and accessories (including Attwood), and marine electronics (including Simrad and Lowrance), as well as boat brands including Boston Whaler, Sea Ray, Bayliner, Lund, and Harris. Headquartered in Mettawa, Illinois, Brunswick has approximately 14,500 employees operating in 26 countries. Learn more at Brunswick.com.
Freedom Boat Club's 450th Location at Liberty Landing
Freedom Boat Club's 450th Location at Liberty Landing Freedom Boat Club's 450th location at Liberty Landing Marina in Jersey City, NJ, offers members stun...
Bank Adds Entrepreneur and Tech Innovator to Board to Expand Industry Expertise and Market Reach
, /PRNewswire/ -- Freedom Financial Holdings, Inc. (OTCQX: FDVA) announced the appointment of Purnachandra "Purna" Dokku to its Board of Directors. Mr. Dokku brings extensive experience in entrepreneurship, technology, cybersecurity, and real estate investment, further enhancing the Board's expertise and strategic focus on these key sectors.
Mr. Dokku is an entrepreneur with a proven track record of founding and leading Information Technology companies in the Washington, D.C. area. He currently serves as President and CEO of Pioneer Corporate Services, Inc., in Ashburn, VA, a recognized leader in cybersecurity providing AI-driven solutions to defense and intelligence clients.
In addition to his work in technology, Mr. Dokku is the founder of DSP Real Estate Capital, focusing on value-add multifamily acquisitions in the Southeastern United States. DSP manages over $300 million in assets, including ownership of more than 1,500 multifamily units.
"Purna's entrepreneurial expertise and leadership in technology and real estate make him a tremendous addition to our Board of Directors," said Joe Thomas, President & CEO of Freedom Bank. "His insights will be invaluable as Freedom Bank continues to grow client relationships and provide businesses and individuals with innovative, technology-driven solutions."
Beyond his professional achievements, Mr. Dokku actively contributes to his community. He serves as a Board Member of Ashbrook Commercial Office Condos and as a Director of the Sri Venkateswara Lotus Temple in Fairfax, Virginia.
About Freedom Bank
The Freedom Bank of Virginia is a next-generation community bank focused on empowering clients to achieve their dreams through innovative business, commercial, personal, and mortgage banking solutions. Through its deep banker expertise and entrepreneurial DNA, exceptional service, and easy-to-use technology, Freedom Bank is built to be its clients' primary relationship bank. Freedom Bank has locations in Chantilly, Fairfax, Manassas, Reston, Tysons, and Vienna, with corporate offices in Tysons, VA. To learn more, visit www.freedom.bank.
Contact:
Joseph J. Thomas
President & Chief Executive Officer
Phone: 703-667-4161
Email: [email protected]
Jun 14, 2026; Washington, D.C., USA; Ilia Topuria (red gloves) holds his eye while fighting Justin Gaethje (blue gloves) during the UFC Freedom 250 at the White House South Lawn. Mandatory... Purchase Licensing Rights, opens new tab Read more
June 18 (Reuters) - Paramount Skydance (PSKY.O), opens new tab said on Thursday "UFC Freedom 250," a mixed martial arts event held at the White House, drew an average of 7 million viewers in the United States.
The live event, which Paramount said was the most-watched in Paramount+ history, attracted a total of 17 million viewers across the U.S. and Latin America, including audiences that watched some parts of the MMA fights.
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Paramount said that U.S. viewership was based on Nielsen data, while Latin American viewing was tracked by Adobe Analytics.
"UFC Freedom 250" was held on June 14 on the South Lawn of the White House to celebrate President Donald Trump's 80th birthday, while kicking off celebrations of the nation's 250th anniversary.
The event, which culminated in Justin Gaethje's upset victory over Ilia Topuria for the undisputed lightweight title, also marked a first for the UFC, with every fight ending in a knockout or technical knockout.
The UFC will announce viewership numbers outside the U.S. and Latin America next week, Paramount said. The event was available to stream exclusively on Paramount+ in the U.S. and Latin America.
Reporting by Jaspreet Singh in Bengaluru; Editing by Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
ST. PAUL, MN, USA, June 16, 2026 (GLOBE NEWSWIRE) -- Last weekend, under the floodlights and patriotic pageantry of the White House South Lawn, UFC Freedom 250 transformed America’s most famous address into a modern coliseum. There was a rowdy Octagon beneath a towering canopy nicknamed The Claw, military flyovers, celebrity spectators, Ultimate Fighting Championship President and CEO Dana White on the balcony, U.S. President Donald J. Trump celebrating his eightieth birthday in the front row, and seven fights that turned the nation’s 250th-anniversary festivities into one of the most headline-grabbing combat-sports spectacles in memory.
The main event at “The People’s House” had everything prizefighting has always loved: an undefeated champion, an underdog with thunder in his hands, personal bad blood, national flags, genuine gladiators with catchy nicknames, eye-popping spectacle, high-stakes danger, and the powerful, inchoate pull of destiny.
To the modern eye, it felt unprecedented. To readers of The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I, this fall’s first of three installments in the critically-acclaimed, definitive historical biography of Irish-Americans, Mike and Tommy Gibbons, it felt like history wearing new gloves.
A hundred years ago, Mike “The St. Paul Phantom” Gibbons and his younger brother Tommy “The Happy Warrior” Gibbons stood at the center of America’s original fight-industrial complex, where boxing distilled the early twentieth century’s chaos into two corners, ropes, rules, and consequence. Mike and Tommy fought their way into history via smoky clubs, armories, ballparks, theaters, and the illustrious “temple of fistiana,” Madison Square Garden, promoted by enigmatic powerhouse Tex Rickard and his “million-dollar gates.” They understood the prize ring was one of the only places on earth where an immigrant son could aspire to—and sometimes claim—the fabled American Dream, even in an era when professional boxing remained outlawed, restricted, or morally suspect across much of the United States.
Mike "The St. Paul Phantom" Gibbons and his brother Tommy "The Happy Warrior" Gibbons. A century before UFC Freedom 250, the brothers stood at the center of America's original fight game.
In other words, the Gibbons brothers, legendary Hall-of-Famers, long-known as “the shining knights of the ring,” were also, in contemporary parlance, among the OGs—or “original gangstas”—of the sport.
The St. Paul Phantom resurrects the nearly forgotten world of turn-of-the-century America with the sweep of historical narrative nonfiction: the 1910 Halley’s Comet vow; the rough Frogtown boyhood; the death-haunted lessons of early prizefighting; Mike’s rise from St. Paul to Madison Square Garden; the shadow of Jack Johnson, Joe Gans, Sam Langford and the color line; the Great War years at Camp Dodge, where Mike and Tommy trained doughboys for trench warfare; the Spanish Flu; the denied military commissions; and the final, bruising question of what a fighter owes his family, his country, and his name.
“From the beginning of this nation’s history, combat sports are where America has staged its arguments about masculinity, class, race, immigration, celebrity, patriotism, money, honor, and violence. A century ago, just as now, we were electrified by the operatic drama, larger-than-life promotional machinery, and raw pursuit of legacy and fortune,” says St. Paul Phantom author Dr. Gerard Gibbons, grandson of Tommy Gibbons and great-nephew of Mike Gibbons. “The UFC cage is new, but the hunger and yearning—the fundamental quest and fight for glory—is old as time.”
Long before UFC champions entered the cage beneath the South Lawn lights, Call of the Wild author Jack London wrote that “fighting is no superficial thing, a fad of a moment or a generation… [It is] woven into the fibers of our being.” As evidence, “strenuous life” proponent, Gibbons brothers fan, and twenty-sixth President Theodore Roosevelt transformed his White House into a veritable shrine to physical combat, sparring frequently in the West Wing with soldiers, athletes, and fighting men of his era.
“President Roosevelt loved the ring because he believed that struggle built character,” says award-winning author and historian Gibbons. “He saw fighting, disciplined and rule-bound, as a moral education in courage, endurance, respect and humility. This speaks great truth about the men Mike and Tommy Gibbons were in their time, and of many contemporary boxers, trainers, and mixed martial artists too.”
Puck magazine, June 1, 1904: "Terrible Teddy" Waits for "The Unknown." President Theodore Roosevelt, a devoted boxing enthusiast, made his White House a shrine to the ring. (Library of Congress)
Fighting for family, faith, freedom, and fortune, Mike Gibbons, the “Phantom,” was a scientific conundrum who made violence look like geometry—slipping punches by inches, answering with clean precision, and making reporters reach for language usually reserved for magicians, chess masters, and ghosts. Tommy Gibbons, bigger, warmer, and more openly heroic, carried the same St. Paul schooling into the heavyweight ranks, where courage, durability, and decency became part of his public identity. Between them, the Gibbons brothers fought their way through a rogue’s gallery of brawlers, sluggers, champions, and immortals, including Harry Greb, Jack Dempsey, and Gene Tunney.
If the Freedom 250 Octagon was flashier and its fighter personalities more flamboyant, several of the combatants nevertheless echoed the Gibbons brothers’ century-old “sweet science” ringwork at the White House. Light-footed and deeply composed, heavyweight Ciryl Gane snapped and shuffled classic “Phantom” strategies into battle, resisting crude slugging in favor of remaining elusive, measured, surgical, and calculatedly dangerous in his upset of Alex Pereira. In his two-round dismantling of Aiemann Zahabi, neon-mopped bantamweight Sean O’Malley deployed several trademark “Phantom” moves, serving up a cool carousel of range, timing, long jabs, and controlled striking. And in a shocking upset, Justin Gaethje, horror-bloodied the face of Ilia Topuria, to claim the world lightweight title, demonstrating what the Gibbons brothers often said, “No one plays boxing!”
“The Octagon at the White House proved that the hunger for combat narrative is an indelible part of the American psyche,” says author Gibbons. “For fans captivated by the strategic chess match and raw human drama of the UFC, The St. Paul Phantom—and the two additional, forthcoming books in the Fight for Glory franchise—captures the genesis of that obsession, the crucial origin story of how a man with courage, discipline, and faith can change his stars.”
The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I publishes September 15, 2026, from Fight for Glory Press.
An American Epic for the Semiquincentennial
Arriving during America 250, the nation’s Semiquincentennial, The St. Paul Phantom draws on deep family archives, rare photographs, and letters untouched for decades. Early readers are comparing this historical biography to Seabiscuit, Cinderella Man, and The Boys in the Boat—stories where sports become the lens through which a nation sees itself.
Through the lens of the Gibbons brothers, readers encounter an era of illegal prizefighting, vaudeville celebrity, the 1918 influenza pandemic, and an unforgettable cast of characters including: Jack Johnson, Harry Greb, Joe Gans, F. Scott Fitzgerald, Nellie Bly, Theodore Roosevelt, and Tex Rickard.
The work has already garnered recognition from the International Boxing Research Organization (IBRO) and carries endorsements from Academy Award-nominated filmmakers Paul Tamasy (The Fighter) and Brian Frankish (Field of Dreams), Grammy-nominated musician and boxing historian Frank Stallone, as well as Kirkus Reviews, IndieReader, and Publisher’s Weekly / Booklife.
Availability & Community Pre-Order
The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I officially publishes September 15, 2026, in hardcover, paperback, ebook, and audiobook formats. To pre-order, please visit: www.Books2Read.com/TheStPaulPhantom. Ahead of the launch, boxing fans and history buffs can join Ringside America, the book’s exclusive online reader community at the Fight for Glory website. Members receive Inside the Archive access—featuring digitized images and letters from the family collection—along with preview chapters, audiobook samples, and a locked-in, members-only pre-order price.
About the Author
Dr. Gerard Gibbons is an award-winning filmmaker, historian and direct descendant of the Gibbons boxing family. His Fight for Glory trilogy restores the epic true story of his family's place in American sports, immigrant culture, and the pursuit of the American Dream, spanning the years 1884-1983.
About Fifth Story Press and Content Syndicate
Fifth Story Press is a boutique publisher and author services company. Content Syndicate provides media distribution and public relations across a network of more than 1,200 endpoints. The St. Paul Phantom campaign is produced for Fight for Glory, LLC.
NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that it has launched an offering of its common stock for aggregate amount of up to US$300 million, with bookbuilding commencing in the week of June 15, 2026. The price per share of common stock offered in the offering as determined by the Company is US$126.35. The offering would be conducted outside the United States in reliance on Regulation S under the Securities Act of 1933 (the “Securities Act”). There can be no assurance that the offering will be completed.
This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities to be offered in the offering mentioned above will not be or have not been registered under the Securities Act and may not be offered or sold in the United States (or to a U.S. person) absent registration or an applicable exemption from the registration requirements of the Securities Act. Hedging transactions involving the securities may not be conducted unless in compliance with the Securities Act.
This announcement includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “believe”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “target”, “future”, and variations of these words or comparable words. These statements include statements relating to FRHC’s offering mentioned above, including terms of the offering. These forward-looking statements are based on current expectations or beliefs, and are subject to changes in circumstances as well as a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in the forward-looking statements. Such risks include risks relating to the offering mentioned above, including that such an offering does not proceed or if it does proceed, the ultimate results of such an offering. Except as required by law, FRHC undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- Freedom Holding Corp. (Nasdaq: FRHC), an international fintech group founded by entrepreneur Timur Turlov, announces that Moody’s Ratings has assigned its subsidiary, Freedom Bank Kazakhstan, a long-term deposit rating of Ba3 with a stable outlook. This marks Moody’s first rating of the bank and an important milestone in its development and international recognition.
The rating reflects the bank’s solid capitalization, dynamic growth in its customer base and deposit portfolio, and continued development of its retail and digital businesses. Moody’s also highlights the important role of Freedom Bank within the ecosystem of Freedom Holding Corp., which integrates financial and digital services.
The stable outlook reflects the agency’s expectation that the bank’s financial performance and business model will support balanced growth over the next 12–18 months. At the same time, the rating also takes into account the bank’s high-growth phase, including the ongoing transformation of its business model, a reduction in reliance on more volatile income sources, and the continued development of its lending operations.
Freedom Bank will continue to implement its strategy to diversify income sources, develop its loan portfolio, and improve operational efficiency.
In Kazakhstan, Freedom Bank is among the country’s largest financial institutions. The number of SuperApp users reached 5 million, doubling over the past year, and is expected to grow to 8 million by the end of the year.
As part of its broader growth strategy, CEO Timur Turlov plans to further scale the company’s SuperApp ecosystem while expanding Freedom Holding Corp.’s international banking footprint. The company has recently expanded into Tajikistan and is in the process of acquiring a bank in Georgia. It has also agreed to acquire a bank in Turkey, strengthening its presence in a key regional market. Freedom Holding Corp.’s strong financial position is further supported by its “B-” credit rating with a stable outlook from S&P Global Ratings.
About Freedom Bank Kazakhstan
Freedom Bank Kazakhstan is a universal bank within the ecosystem of Freedom Holding Corp., providing a wide range of financial services to both retail and corporate clients, including digital banking solutions, lending, investment, and insurance products. The bank also provides access to government services through its digital platform.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Freedom Travel.
Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.
Contact
PR Department
Natalia Kharlashina
Freedom Holding Corp. [email protected]
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3b27a2fb-3380-451e-a004-0360f65c4829
NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that it is considering an offering of its common stock in Kazakhstan. The offering, if the company determines to proceed with such an offering, would be conducted outside the United States in reliance on Regulation S under the Securities Act of 1933.
This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities to be offered in the potential offering mentioned above have not been registered under the Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States (or to a U.S. person) absent registration or an applicable exemption from the registration requirements of the Securities Act.
This announcement includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “believe”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “target”, “future”, and variations of these words or comparable words. These statements include statements relating to FRHC’s potential offering mentioned above. These forward-looking statements are based on current expectations or beliefs, and are subject to changes in circumstances as well as a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in the forward-looking statements. Such risks include risks relating to the potential offering mentioned above, including that such an offering does not proceed or if it does proceed, the ultimate results of such an offering. Except as required by law, FRHC undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
On April 14, 2026, Freedom Holding Corp (FRHC) shares rose 3.8% to a current price of $156.70. The stock has demonstrated impressive price performance over the
April 17, 2026 06:00 ET | Source: Brunswick Corporation
VENICE, Fla., April 17, 2026 (GLOBE NEWSWIRE) -- Freedom Boat Club, the world’s largest boat club and a Brunswick Corporation (NYSE: BC) business, today announced it has acquired the Freedom Boat Club of Greater Boston & Cape Cod franchise operations, the largest current franchise in the Freedom network.
The acquisition includes 21 locations across Greater Boston, Cape Cod and surrounding areas, further expanding Freedom’s growing corporate club portfolio in the Northeast. The transaction also includes a Maintenance Operations Center and Dealership anchored by a 7,200-square-foot facility, strengthening Freedom’s regional maintenance and fleet resale capabilities to support continued growth.
The Greater Boston and Cape Cod operation was founded and grown under the leadership of Matt Carrick and Matt O’Connor, who built one of the most successful operations in the Freedom franchise network. The club is recognized for consistent membership growth and satisfaction, strong operational performance, and a commitment to delivering a premium boating experience.
"This acquisition is an exciting step for Freedom Boat Club in the Northeast, and a natural fit for our growth strategy," said Cecil Cohn, President, Freedom Boat Club. "We're acquiring a thriving club with a long runway for growth in a premier market, a state-of-the-art Maintenance Operations Center we can leverage across our Northeast operations, and a high-performing boat dealership to diversify and advance our fleet resale capabilities. Matt Carrick and Matt O'Connor have built an outstanding operation with a proven track record and a talented team of future leaders. We're looking forward to building upon that foundation as we continue to scale the world’s largest boat club.”
Following the acquisition, Matt O'Connor and Matt Carrick will remain Freedom Boat Club franchisees, continuing to operate their club locations in Ocean and Monmouth County, NJ, and remaining actively involved in the ownership group running Freedom Boat Club of Ohio and Freedom Boat Club of Pittsburgh.
“We are proud of what we built in Greater Boston and Cape Cod, and we’re excited for what lies ahead under Freedom’s corporate leadership,” said Carrick. “Our members are in great hands, and we are excited to remain active franchise owners in other markets across Freedom Boat Club’s global network.”
To learn more about Freedom Boat Club, visit freedomboatclub.com.
About Freedom Boat Club
Founded in 1989, Freedom Boat Club, a business of Brunswick Corporation (NYSE: BC), is the world’s largest boat club, offering a hassle-free boating experience at more than 440 locations across 35 U.S. states, Canada, Europe, Australia, New Zealand and the United Arab Emirates. Members enjoy unlimited access to a wide variety of well-maintained boats and the benefit of premium dockside service. With an innovative membership model, Freedom Boat Club provides boaters of all levels the freedom to explore the water, experience adventure, and enjoy the boating lifestyle. For more information, visit freedomboatclub.com or learn more about franchise opportunities at www.FreedomBoatClubFranchise.com.
Contact Data Michelle Voss — Director of Public Relations E: [email protected] M: (904) 955-0818
Bank Expands its Fairfax County Footprint During its 25th Anniversary Year
, /PRNewswire/ -- Freedom Financial Holdings, Inc. (OTCQX: FDVA) today announced that it has relocated its corporate offices and The Freedom Bank of Virginia has opened a new branch co-located in the heart of Tysons Corner at 1750 Tysons Blvd., McLean, VA 22102. This milestone marks a significant step in the bank's continued growth and long-term investment in Northern Virginia during its 25th anniversary.
Located in the region's most dynamic business and residential corridor, the new Tysons branch reflects Freedom Bank's commitment to being accessible, responsive, and deeply connected to the communities it serves — positioning the bank to deliver even greater personalized service, local decision-making, and strategic financial expertise to individuals and businesses alike.
"The opening of our newest branch in Tysons and the relocation of our corporate offices represent an important step in increasing our visibility in the region," said Joe Thomas, President & CEO of Freedom Bank. "As we celebrate 25 years of serving the community, this milestone reflects both pride in our history and confidence in our future. There are over 12,000 business and over 250,000 residents within 5 miles of this new office which will enable our team to share Freedom's differentiated banking experience with more business and consumer clients who desire quick decisions, flexible solutions, innovative technology, and responsive service to empower their dreams."
The branch is conveniently located near the Tysons Galleria next to the Ritz-Carlton Hotel. It is situated on the ground level in Suite 100, across the lobby from The Palm Restaurant, with ample parking available in the adjacent garage. The Tysons team is ready to serve both current and new clients with comprehensive Business, Personal, and Mortgage Banking solutions.
About Freedom Bank
The Freedom Bank of Virginia is a next-generation community bank focused on empowering clients to achieve their dreams through innovative business, commercial, personal, and mortgage banking solutions. With deep banker expertise, an entrepreneurial mindset, exceptional service, and easy-to-use technology, Freedom Bank is built to be its clients' primary relationship bank. Freedom Bank has locations in Chantilly, Fairfax, Manassas, Reston, Tysons, and Vienna. The bank is headquartered in Fairfax, Virginia, with corporate offices located in Tysons. To learn more, visit www.freedom.bank.
Contact:
Joseph J. Thomas
President & Chief Executive Officer
Phone: 703-667-4161
Email: [email protected]
