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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) -- 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

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.

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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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.

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

SOURCE: Freedom Holding Corp.

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--(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.

More News From Freedom Holding Corp.

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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

SOURCE: Elektros, Inc.

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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

SOURCE: Elektros, Inc.

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.

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

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-”

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]

SOURCE Freedom Financial Holdings

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, 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

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

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]

SOURCE The Freedom Bank of Virginia

, /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 $1,160,338 or $0.16 per diluted share for the first quarter compared to a net loss of $3,567,973, or $0.50 per diluted share for the three months ended December 31, 2025, and net income of $2,019,348 or $0.28 per diluted share for the three months ended March 31, 2025.   Comparisons to prior quarters are challenging since the fourth quarter of 2025 included an unexpected $6.9 million credit provision and the first quarter of 2025 included the non-recurring recovery and recognition of almost $1.04 million of interest income from previously charged off loans and recovery of legal expenses, which contributed almost $0.12 per diluted share that quarter.

Joseph J. Thomas, President, and CEO, commented, "We are pleased to start off 2026, our 25th anniversary year, with favorable net income trends, improving net interest margin, and stabilizing credit quality.  Net income increased $4.728 million after last quarter's loss on the recognition of a $6.9 million credit provision. We continue to see improvement in our cost of funds dropping 15 basis points in the first quarter, enabling net interest margin expansion of 3 basis points to 2.73%.   Despite the changing and uncertain economic environment, we continue to see improvement in the credit quality of our loan portfolio with non-accrual loans down 28% to $19.2 million. Our entire team is working hard to grow loans and we experienced a 2.97% increase in net loans in the quarter including growth in the Held for Sale mortgage portfolio.  We were pleased with the increase in mortgage activity with gain on sale and fee revenue that increased by 30% to $942,257 in the first quarter of 2026 from $680,766 in the fourth quarter of 2025 as mortgage rates decreased.  Our team is taking the steps necessary to help clients manage through higher rates and inflation, changes in credit markets, and increasing technology risks and opportunities.

First Quarter 2026 Highlights include:

The Company posted net income of $1,160,338 or $0.16 per diluted share for the first quarter compared to a net loss of $3,567,973, or $0.50 per diluted share for the three months ended December 31, 2025, and net income of $2,019,348 or $0.28 per diluted share for the three months ended March 31, 2025   Tangible Book Value per share remained relatively flat during the quarter at $12.08 on March 31, 2026, compared to $12.05 on December 31, 2025, as quarter to date earnings were largely offset by changes in valuation on the available for sale portfolio and share buybacks were offset by shares vested in the quarter. Return on Average Assets ("ROAA") was 0.44% for the quarter ended March 31, 2026, compared to ROAA of (1.37%) for the quarter ended December 31, 2025, and 0.76% for the three months ended March 31, 2025. Return on Average Equity ("ROAE") was 5.57% for the quarter ended March 31, 2026, compared to ROAE of (15.96%) for the three months ended December 31, 2025, and 9.95% for the three months ended March 31, 2025. Total Assets were $1.053 billion on March 31, 2026, a decrease of $13 million or 1.2% from total assets on December 31, 2025, mostly due to using excess cash assets to repay FHLB advances. Gross Loans held-for-investment increased by $8.4 million or 1.1% during the quarter. Total deposits increased by $3.1 million or by 0.34% during the quarter. Non-interest-bearing demand deposits decreased by $178 thousand during the quarter to $149.3 million and represented 16.28% of total deposits on March 31, 2026. The net interest margin1 increased in the first quarter to 2.73%, higher by 3 basis points compared to the linked quarter and lower by 30 basis points compared to the same period in 2025. The increase in the net interest margin across linked quarters was a result of lower funding costs, while the decrease for the same period a year ago is related to the recognition of previously uncollected interest from problem loan resolutions, with such interest contributing 41 basis points to the net interest margin at that time. The cost of funds was 2.84% for the first quarter, lower by 15 basis points compared to the linked quarter and lower by 39 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 20% compared to the linked quarter and decreased by 44% compared to the same period in 2025. The increase in non-interest income in the first quarter of 2026 was primarily due to higher net revenue from the mortgage unit. Non-interest expense increased by $1.19 million in the first quarter or by 21% compared to the linked quarter and increased by 13% compared to the same period in 2025. The increase in expenses compared to the linked quarter was largely due to increased accruals for annual bonuses over the prior quarter where there was only minimal bonus expense due to the net loss in the quarter, increased commission expense and lender credits resulting from increased mortgage activity, increased health insurance premiums, and increased FDIC  insurance expense due to  the deterioration in credit quality in Q4.   The Efficiency Ratio2 was 81.88% for the quarter ended March 31, 2026, compared to 71.29% for the linked quarter and 69.22% for the same period in 2025, which included the aforementioned interest income and legal expense recoveries. Uninsured deposits were 27.11% of total deposits and total liquidity to uninsured deposits3 was 117.18% of uninsured deposits on March 31, 2026. Net charge offs were 0.81% of average loans compared to 0.03% in the prior quarter as the Company recognized the $6.2 million in charge-offs mostly related to the large loan that had been provisioned for in the prior quarter. No additional expense was recognized in relation to this credit in Q1 and this charge-off was met with the commensurate amelioration in our allowance for credit losses.  The ratio of non-accrual loans to loans held-for-investment was 2.50% on March 31, 2026, compared to 3.51% on December 31, 2025, and 1.45% on March 31, 2025.  The ratio of non-performing assets to total assets was 1.95% on March 31, 2026, compared to 2.51% on December 31, 2025, and 1.01% on March 31, 2025. The Company recognized a provision for loan losses of $59,336, related to changes in the overall portfolio including loan growth. The ratio of the allowance for loan losses to loans held-for-investment was 1.00% at March 31, 2026 compared to 1.82% 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 10.70%, Common Equity Tier 1 ratio of 13.50%, Tier 1 Risk Based Capital ratio of 13.50% and a Total Capital ratio of 14.42% as of March 31, 2026.  Common Equity Tier 1, Tier 1 Risk Based Capital, and Total Capital ratios are down by 32 basis points, 32 basis points, and 66 basis points, respectively, due to the Bank holding higher average assets in the quarter,  higher risk weighted assets at quarter end due to  loan growth,  lower Tier 2 capital as the allowance for credit losses that was included in capital at 2025 year end was abated due to the charge-off, and the charge-off causing a portion of our deferred tax asset to be disallowed for capital purposes. Net Interest Income
The Company recorded net interest income of $6.895 million for the first quarter of 2026, higher by 2.97% compared to the linked quarter, and lower by 10.68% compared to the same period in 2025. The net interest margin in the first quarter of 2026 was 2.73%, higher by 3 basis points compared to the linked quarter and lower by 30 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 5.44% in the first quarter of 2026, lower by 11 basis points compared to the linked quarter, and lower by 67 basis points compared to the prior year calendar quarter. The decrease in yields on average earning assets in the first quarter compared to the linked quarter was primarily due to increased cash and decreased securities held on the balance sheet in the first quarter.  The decrease over the calendar quarter is largely due to the recognition of uncollected interest from problem loan resolutions in the prior year calendar quarter which added 41 basis points to the earning asset yield in that quarter.  The remaining difference stems from interest rate decreases on cash and floating rate securities and loans that took place over the course of the year.   Loan yields decreased by 1 basis point to 5.97% from 5.98% in the linked quarter, while yields on investment securities decreased by 26 basis points to 3.97% from 4.23% in the linked quarter. Loan yields decreased by 77 basis points, while yields on investment securities decreased by 58 basis points compared to the calendar quarter. Cost of funds decreased by 15 basis points to 2.84% from 2.99% in the linked quarter, and by 39 basis points compared to the prior year quarter, due to lower deposit and borrowing costs. Non-interest Income
Non-interest income was $1.4 million for the first quarter, an increase of 20% when compared to the linked quarter and an increase of 44% when compared to the same period in 2025. The increase in non-interest income in the first 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. 

Total Revenue4
Total revenue, defined as the sum of net interest income, before provision for loan losses, and non-interest income, was higher by 5.47% compared to the linked quarter and lower by 4.5% compared to the calendar quarter in 2025. The increase in total revenue compared to the linked quarter was due to an increase in the net interest margin, contributing to the increase of $199 thousand in net interest income over the linked quarter and $232 thousand in increased non-interest income largely from the gain on sale of residential mortgages.  The decrease compared to the prior calendar quarter is due to the extraordinary recovery of $1.04 million of previously uncollected interest from problem loan resolutions.

Non-interest Expense
Non-interest expense in the first quarter increased by $1.19 million or by 21.14% compared to the linked quarter and increased by 12.96% compared to the same period in 2025. The increase in expenses compared to the linked quarter was largely related to accrual expenses for annual bonuses that were curtailed in the prior quarter given the net loss experienced, and increased expenses related to increased mortgage activity, including commission expense, appraisal fees, and lender credits.  Salary expenses are up due to annual raises taking effect and increased hiring  related to the opening of the new location in Tysons Corner, VA. The new location resulted in additional occupancy expenses related to pre-opening, and the Bank also experienced annual escalations in our other leased locations and from lease renewals.   Health insurance premiums have risen over the rates paid in 2025.   We also increased our marketing expenses related to promoting the new location and planning for our 25th anniversary year.

The Efficiency Ratio2 was 81.88% for the quarter ended March 31, 2026, compared to 71.29% for the linked quarter and 69.22% for the same period in 2025.  

Asset Quality
Non-accrual loans decreased in the first quarter and were 2.46% of loans held-for-investment compared to 3.51% of loans held-for-investment at the end of the linked quarter as we recognized charge-offs. 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 1.95% of total assets as of March 31, 2026, compared to 2.51% of total assets, at the end of the linked quarter.

The Company recognized a provision for loan losses of $59,336, primarily related to changes in the overall portfolio, including loan growth.

The Company's ratio of Allowance for Loan Losses to loans held-for-investment was 1.00% as of March 31, 2026, compared to the ratio of Allowance for Loan Losses to loans held-for-investment of 1.82% as of December 31, 2025.

Total Assets
Total assets on March 31, 2026, were $1.053 billion compared to total assets of $1.065 billion on December 31, 2025. Changes in major asset categories since December 31, 2025, were as follows:

Interest bearing deposits at banks decreased by $36.4 million. Investment balances decreased by $3.56 million. Gross loans held-for investment increased by $8.39 million Residential mortgage loans held for sale increased by $7.794 million Total Liabilities
Total liabilities on March 31, 2026, were $968.58 million compared to total liabilities of $981.79 million on December 31, 2025. Total deposits were $917.36 million on March 31, 2026, compared to total deposits of $914.26 million on December 31, 2025. Non-interest-bearing demand deposits decreased by $178 thousand during the first quarter and comprised 16.28% of total deposits at the end of the first quarter. Other core interest-bearing demand deposits decreased by $31.8 million and core time deposits decreased by $2.3 million during the quarter. Brokered Deposits increased by $37.4 million while Federal Home Loan Bank borrowings decreased by $20.0 million.

Stockholders' Equity and Capital
Stockholders' equity as of March 31, 2026, was $84.25 million compared to $84.14 million on December 31, 2025. AOCI decreased during the first quarter as there was an increase in unrealized losses on available-for-sale securities due to rising interest rates in the quarter. The tangible book value of the Company's common stock on March 31, 2026, was $12.08 per share compared to $12.05 on December 31, 2025. Excluding AOCI losses/gains5, the tangible book value of the Company's common stock on March 31, 2026, was $14.18 per share compared to $14.08 on December 31, 2025.

Stock Buyback Program
In the first quarter, the Company purchased 43,800 shares pursuant to its previously announced share repurchase program.  As of March 31, 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 Company purchased 29,400 shares in the fourth quarter of 2025 under its previous authorized program. Our Board of Directors continues to believe that the share buyback program represents a disciplined capital management strategy for the Company. 

Capital Ratios
As of March 31, 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 March 31, 2026, and December 31, 2025, were as follows:

March 31, 2026

December 31, 2025

Total Capital Ratio

14.42 %

15.08 %

Tier 1 Capital Ratio

13.50 %

13.82 %

Common Equity Tier 1 Capital Ratio

13.50 %

13.82 %

Leverage Ratio

10.70 %

11.05 %

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, such as the war between Russia and Ukraine; 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 such as the bank failures in 2023; 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)

(Audited)

March 31,

December 31,

2026

2025

ASSETS

Cash and Due from Banks

$                               4,527,248

$                                4,540,452

Interest Bearing Deposits with Banks

33,646,083

70,078,398

Securities Available-for-Sale

156,852,319

158,446,651

Securities Held-to-Maturity

18,242,410

19,242,952

Restricted Stock Investments

4,468,100

5,435,300

Loans Held for Sale

12,077,102

4,283,305

PPP Loans Held for Investment 

112,661

117,738

Other Loans Held for Investment 

770,827,073

762,435,469

Allowance for Credit Losses

(7,696,395)

(13,897,689)

Net Loans

775,320,441

752,938,823

Bank Premises and Equipment, net

1,189,003

728,030

Accrued Interest Receivable

4,463,908

4,059,501

Deferred Tax Asset

7,579,833

7,428,794

Bank-Owned Life Insurance

28,700,809

28,469,911

Right of Use Asset, net

5,657,815

1,582,514

Other Assets

12,178,246

12,931,701

Total Assets

$                       1,052,826,215

$                        1,065,883,027

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits

-

Demand Deposits

Non-interest Bearing

$                           149,338,747

$                           149,516,366

Interest Bearing

548,420,087

555,799,698

Savings Deposits

2,289,866

1,989,696

Time Deposits

217,315,240

206,958,024

Total Deposits

917,363,940

914,263,784

Federal Home Loan Bank Advances

20,000,000

40,000,000

Other Borrowings

112,661

117,737

Subordinated Debt (Net of Issuance Costs)

19,948,049

19,928,568

Accrued Interest Payable

$                                   887,034

913,813

Lease Liability

5,878,842

1,666,836

Other Liabilities

4,385,636

4,852,310

Total Liabilities

$                           968,576,162

$                           981,743,048

Stockholders' Equity

Preferred stock, $0.01 par value, 5,000,000 shares authorized:

0 Shares Issued and Outstanding, March 31, 2026 and
December 31, 2025

Common Stock, $0.01 Par Value, 25,000,000 Shares:

23,000,000 Shares Voting and 2,000,000 Shares Non-voting.

Voting Common Stock:

6,973,747 and 6,984,013 Shares Issued and Outstanding
    at March 31, 2026 and December 31, 2025 respectively

69,737

69,840

Non-Voting Common Stock:

-

-

0 Shares Issued and Outstanding at March 31, 2026 and
December 31, 2025
respectively)

Additional Paid-in Capital 

56,029,673

56,624,236

Accumulated Other Comprehensive Income, Net

(14,645,539)

(14,189,941)

Retained Earnings

42,796,182

41,635,844

Total Stockholders' Equity

84,250,053

84,139,979

 Total Liabilities and Stockholders' Equity

$                       1,052,826,215

$                        1,065,883,027

FREEDOM FINANCIAL HOLDINGS

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(Unaudited)

For the three

For the three

months ended

months ended

March 31, 2026

March 31, 2025

Interest Income

Interest and Fees on Loans

$                                11,276,251

$                               12,703,493

Interest on Investment Securities

1,773,078

2,613,258

Interest on Deposits with Other Banks

703,390

262,507

Total Interest Income

13,752,719

15,579,258

Interest Expense

Interest on Deposits

6,340,041

6,946,194

Interest on Borrowings

517,291

913,154

Total Interest Expense

6,857,332

7,859,348

Net Interest Income

6,895,387

7,719,910

Provision/(Recovery) for Loan Losses

59,336

(284,683)

Net Interest Income After

Provision for Loan Losses

6,836,051

7,435,227

Non-Interest Income

Mortgage Loan Gain-on-Sale and Fee Revenue

942,257

654,530

 SBA Gain-on-Sale Revenue

-

-

Service Charges and Other Income

220,740

70,334

 Servicing Income

17,493

32,442

Increase in Cash Surrender Value of Bank-

owned Life Insurance

230,899

220,864

Total Non-interest Income

1,411,389

978,170

Total Revenue

8,306,776

8,698,080

Non-Interest Expenses

Officer and Employee Compensation
    and Benefits

4,403,621

3,769,535

Occupancy Expense

364,940

242,163

Equipment and Depreciation Expense

10,712

8,726

Insurance Expense

206,599

225,766

Professional Fees

346,305

470,310

Data and Item Processing

530,962

538,213

Advertising  

81,600

83,115

Franchise Taxes and State Assessment Fees

326,569

314,214

Mortgage Fees and Settlements

74,839

87,258

Other Operating Expense

455,395

281,611

Total Non-interest Expenses

6,801,542

6,020,911

Income Before Income Taxes

1,445,898

2,392,486

Income Tax Expense/(Benefit)

285,560

373,138

Net Income (Loss)

1,160,338

2,019,348

Earnings (Loss) per Common Share - Basic

$                                            0.16

$                                            0.28

Earnings (Loss) per Common Share - Diluted

$                                            0.16

$                                            0.28

Weighted-Average Common Shares

Outstanding - Basic

7,104,820

7,136,456

Weighted-Average Common Shares 

Outstanding - Diluted

7,174,318

7,193,284

FREEDOM FINANCIAL HOLDINGS

CONSOLIDATED STATEMENTS OF OPERATIONS 

(Unaudited)

(Audited)

(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

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Interest Income

Interest and Fees on Loans

$                        11,276,251

$                            11,337,250

$                            11,671,310

$                 11,673,927

$                    12,703,493

Interest on Investment Securities

$                          1,773,078

$                              2,224,322

$                              2,307,732

2,450,914

2,613,258

Interest on Deposits with Other Banks

$                             703,390

$                                 214,396

$                                 507,622

750,610

262,507

Total Interest Income

13,752,719

13,775,968

14,486,664

14,875,451

15,579,258

Interest Expense

Interest on Deposits

$                          6,340,041

$                              6,260,656

7,036,552

7,275,073

6,946,194

Interest on Borrowings

$                             517,291

$                                 818,943

701,474

724,216

913,154

Total Interest Expense

6,857,332

7,079,599

7,738,026

7,999,289

7,859,348

Net Interest Income

6,895,387

6,696,369

6,748,638

6,876,162

7,719,910

Provision/(Recovery) for Loan Losses

$                               59,336

$                              6,941,897

496,824

688,865

284,683

Net Interest Income After

Provision for Loan Losses

6,836,051

(245,528)

6,251,814

6,187,297

7,435,227

Non-Interest Income

Mortgage Loan Gain-on-Sale and Fee Revenue

942,257

680,766

718,684

797,759

654,530

 SBA Gain-on-Sale Revenue

-

-

-

-

-

Service Charges and Other Income

$                             220,740

$                                 246,568

453,981

270,230

70,334

 Servicing Income

17,493

18,303

19,060

21,045

32,442

Increase in Cash Surrender Value of Bank-

owned Life Insurance

230,899

233,820

231,549

223,061

220,864

Total Non-interest Income

1,411,389

1,179,457

1,423,274

1,312,095

978,170

Total Revenue

8,306,776

7,875,826

8,171,912

8,188,257

$                      8,698,080

Non-Interest Expenses

Officer and Employee Compensation

and Benefits

$                          4,403,621

$                              3,562,780

4,067,037

3,752,761

3,769,535

Occupancy Expense

$                             364,940

$                                 239,846

246,378

244,279

242,163

Equipment and Depreciation Expense

$                               10,712

$                                   12,898

16,039

16,619

8,726

Insurance Expense

$                             206,599

$                                 126,852

244,170

220,346

225,766

Professional Fees

$                             346,305

$                                 375,040

291,975

559,904

470,310

Data and Item Processing

$                             530,962

$                                 523,717

540,506

595,492

538,213

Advertising 

$                               81,600

$                                   63,476

112,566

151,676

83,115

Franchise Taxes and State Assessment Fees

$                             326,569

$                                 324,569

334,422

314,444

314,214

Mortgage Fees and Settlements

74,839

70,037

106,266

99,819

87,258

Other Operating Expense

$                             455,395

$                                 315,610

368,343

396,213

281,611

Total Non-interest Expenses

6,801,542

5,614,825

6,327,702

6,351,552

6,020,911

Income Before Income Taxes

1,445,898

(4,680,896)

1,347,386

1,147,840

2,392,486

Income Tax Expense/(Benefit)

285,560

(1,112,923)

224,456

347,943

373,138

Net Income (Loss)

$                          1,160,338

$                            (3,567,973)

$                              1,122,930

$                      799,897

$                      2,019,348

Earnings (Loss) per Common Share - Basic

$                                    0.16

$                                      (0.50)

$                                        0.16

$                             0.11

$                                0.28

Earnings (Loss) per Common Share - Diluted

$                                    0.16

$                                      (0.50)

$                                        0.16

$                             0.11

$                                0.28

Weighted-Average Common Shares

Outstanding - Basic

7,104,820

7,121,482

7,134,446

7,137,779

7,283,696

Weighted-Average Common Shares

Outstanding - Diluted

7,174,318

7,183,791

7,184,688

7,140,491

7,285,900

Average Balances, Income and Expenses, Yields and Rates

(Unaudited)

Three Months Ended

Three Months Ended

Three Months Ended

Three Months Ended

Three Months Ended

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Average Balance

Income/ Expense

Yield

Average Balance

Income/ Expense

Yield

Average Balance

Income/ Expense

Yield

Average Balance

Income/ Expense

Yield

Average Balance

Income/ Expense

Yield

Assets

Cash

$78,256,733

$703,390

3.65 %

$23,427,239

$214,395

3.63 %

$46,853,763

$507,622

4.30 %

$65,570,216

$      750,611

4.59 %

$                36,901,243

$       262,507

2.89 %

Investments (Tax Exempt)

$19,983,529

$150,924

3.06 %

$20,215,951

$154,645

3.03 %

$19,928,687

$155,780

3.10 %

$19,843,159

156,555

3.18 %

20,214,201

157,089

3.07 %

Investments (Taxable)

$161,336,487

$1,622,154

4.08 %

$188,641,324

$2,069,677

4.35 %

$193,341,006

$2,151,952

4.42 %

$204,066,557

2,294,359

4.52 %

212,629,949

2,456,170

4.47 %

Total Investments

$181,320,016

$1,773,078

3.97 %

208,857,275

2,224,322

4.23 %

213,269,693

2,307,732

4.29 %

$223,909,716

2,450,914

4.39 %

232,844,150

2,613,258

4.55 %

Total Loans 

$766,481,826

$11,276,251

5.97 %

$752,172,975

$11,337,250

5.98 %

$744,905,635

$11,671,310

6.22 %

$755,231,852

11,673,926

6.20 %

764,147,542

$12,703,493

6.74 %

Earning Assets

$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 %

$1,044,711,785

14,875,451

5.73 %

1,033,892,386

15,579,258

6.11 %

Assets

$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 %

$1,100,110,176

799,897

0.29 %

$          1,083,851,440

2,019,348

0.76 %

Liabilities

Interest Checking

$139,199,596

$872,499

2.54 %

$151,579,307

$934,090

2.44 %

$127,149,614

$998,124

3.11 %

$125,175,008

$      979,587

3.13 %

$              211,572,944

$       929,609

1.78 %

Money Market

$314,492,661

$2,346,245

3.03 %

$297,707,680

$2,468,165

3.29 %

$320,887,145

$2,722,629

3.37 %

$396,798,385

3,620,383

3.65 %

259,289,920

1,924,822

3.01 %

Savings

$2,092,200

$1,087

0.21 %

$1,973,024

$1,045

0.21 %

$2,415,353

$1,051

0.17 %

$6,727,490

1,503

0.09 %

4,398,923

1,178

0.11 %

Time Deposits 

$334,036,792

$3,120,209

3.79 %

$285,497,039

$2,857,356

3.97 %

$317,448,404

$3,314,747

4.14 %

$272,467,884

2,673,600

3.93 %

294,336,342

4,090,584

5.64 %

Interest Bearing Deposits

$789,821,247

$6,340,041

3.26 %

736,757,050

$6,260,656

3.37 %

767,900,516

$7,036,551

3.64 %

$801,168,767

7,275,073

3.63 %

769,598,129

6,946,193

3.66 %

Borrowings

$55,160,259

$       517,291

3.80 %

$76,844,331

$818,943

4.23 %

$61,329,539

$701,474

4.54 %

$63,255,808

$      724,216

4.59 %

$                78,341,429

$       913,154

4.73 %

Interest Bearing Liabilities

$844,981,507

$    6,857,332

3.29 %

813,601,381

$7,079,599

3.45 %

829,230,055

$7,738,025

3.70 %

$864,424,575

7,999,289

3.71 %

847,939,558

7,859,347

3.76 %

Non Interest Bearing Deposits

$              135,220,445

$              125,385,868

$              133,933,651

$140,837,354

$              139,885,803

Cost of Funds

2.84 %

2.99 %

3.19 %

3.19 %

3.23 %

Net Interest Margin

$1,026,058,575

$6,895,388

2.73 %

$    6,696,368

2.70 %

$    6,748,638

2.66 %

$   6,876,162

2.66 %

$    7,719,911

3.03 %

Selected Financial Data by Quarter Ended:

(Unaudited)

Balance Sheet Ratios

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Loans held-for-investment to Deposits 

84.04 %

83.41 %

86.72 %

80.83 %

82.65 %

Income Statement Ratios (Quarterly)

Return on Average Assets (ROAA)

0.44 %

-1.37 %

0.42 %

0.29 %

0.76 %

Return on Average Equity (ROAE)

5.57 %

-15.96 %

5.57 %

3.97 %

9.95 %

Efficiency Ratio

81.88 %

71.29 %

77.43 %

77.57 %

69.22 %

Net Interest Margin

2.73 %

2.70 %

2.66 %

2.66 %

3.03 %

Yield on Average Earning Assets

5.44 %

5.55 %

5.72 %

5.73 %

6.11 %

Yield on Securities

3.97 %

4.23 %

4.29 %

4.39 %

4.55 %

Yield on Loans

5.97 %

5.98 %

6.22 %

6.20 %

6.74 %

Cost of Funds

2.84 %

2.99 %

3.19 %

3.19 %

3.23 %

Noninterest income to Total Revenue

16.99 %

14.98 %

17.42 %

16.02 %

11.25 %

Liquidity Ratios

Uninsured Deposits to Total Deposits

27.11 %

29.43 %

24.51 %

22.51 %

22.50 %

Total Liquidity to Uninsured Deposits

117.18 %

130.31 %

136.91 %

167.83 %

122.33 %

Total Liquidity to Unfunded Commitments, CDs and Borrowings maturing in next 30 days

206.16 %

251.78 %

209.14 %

252.65 %

292.23 %

Tangible Common Equity Ratio 

8.00 %

7.91 %

8.45 %

7.85 %

7.68 %

Tangible Common Equity Ratio (adjusted for unrealized losses on HTM securities)

7.82 %

7.76 %

8.27 %

7.64 %

7.50 %

Available -for-Sale securities (as % of total securities)

89.58 %

89.17 %

90.64 %

90.87 %

91.12 %

Per Share Data

Tangible Book Value

$12.08

$12.05

$12.45

$12.01

$11.87

Tangible Book Value (ex AOCI)

$14.18

$14.08

$14.58

$14.39

$14.26

Share Price Data

Closing Price

$11.90

$11.83

$11.52

$11.26

$9.90

Book Value Multiple

99 %

98 %

93 %

94 %

83 %

Common Stock Data

Outstanding Shares at End of Period

6,973,747

6,984,013

7,002,103

7,002,103

7,002,103

Weighted Average shares outstanding, basic

7,104,820

7,136,456

7,134,446

7,137,779

7,283,696

Weighted Average shares outstanding, diluted

7,174,318

7,193,284

7,184,688

7,140,491

7,285,900

Capital Ratios (Bank Only)

Tier 1 Leverage ratio

10.70 %

11.05 %

11.23 %

10.66 %

10.76 %

Common Equity Tier 1 ratio

13.50 %

13.82 %

14.64 %

14.30 %

14.14 %

Tier 1 Risk Based Capital ratio

13.50 %

13.82 %

14.64 %

14.30 %

14.14 %

Total Risk Based Capital ratio

14.42 %

15.08 %

15.53 %

15.20 %

14.95 %

Credit Quality

Net Charge-offs to Average Loans

0.81 %

0.03 %

0.13 %

0.01 %

0.03 %

Total Non-performing Loans to loans held-for-investment

2.46 %

3.51 %

2.30 %

1.45 %

1.45 %

Total Non-performing Assets to Total Assets

1.95 %

2.51 %

1.65 %

0.98 %

1.01 %

Nonaccrual Loans to loans held-for-investment

2.50 %

3.51 %

2.30 %

1.45 %

1.45 %

Provision for Loan Losses

$59,336

$6,941,897

$496,824

$688,865

$284,683

Allowance for Loan Losses to Loan held-for-investment

1.00 %

1.82 %

0.96 %

0.96 %

0.88 %

Allowance for Loan Losses to Loans held-for-investment (ex PPP loans)

1.00 %

1.82 %

0.96 %

0.96 %

0.88 %

FREEDOM FINANCIAL HOLDINGS, INC.

CONSOLIDATED SELECTED FINANCIAL DATA

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Quarter Ending

1Net Interest Margin

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Average Earning Assets

$1,026,058,575

$           984,457,489

$                           1,005,029,091

$        1,044,711,785

$       1,033,892,386

Yield on Interest Earning Assets (GAAP)

5.44 %

5.55 %

5.72 %

5.73 %

6.11 %

Net Interest Margin (NIM) (GAAP)

2.73 %

2.70 %

2.66 %

2.66 %

3.03 %

2Efficiency Ratio (Non-GAAP)

 Quarter Ending

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Net Interest Income

$              6,895,387

$               6,696,369

$                                  6,748,638

$               6,876,162

$              7,719,910

Non-Interest Income

1,411,389

1,179,457

$                                  1,423,274

1,312,095

978,170

Total Revenue

$              8,306,776

$               7,875,826

$                                  8,171,912

$               8,188,257

$              8,698,080

Non-Interest Expense

6,801,542

5,614,825

$                                  6,327,702

6,351,552

6,020,911

Efficiency Ratio (Non-GAAP)

81.88 %

71.29 %

77.43 %

77.57 %

69.22 %

3Liquidity Ratios (Non-GAAP)

Quarter Ending

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Available-for-Sale Securities (as % of total securities)

89.58 %

89.17 %

90.64 %

90.87 %

91.12 %

Uninsured Deposits to Total Deposits

27.11 %

29.43 %

24.51 %

22.51 %

22.50 %

Total Liquidity to Uninsured Deposits

117.18 %

130.31 %

136.91 %

167.83 %

122.33 %

Total Liquidity to Unfunded Commitments, CDs and Borrowings maturing in next 30 days

206.16 %

251.78 %

209.14 %

252.65 %

292.23 %

Tangible Common Equity Ratio

8.00 %

7.91 %

8.45 %

7.85 %

7.68 %

Tangible Common Equity Ratio(adjusted for unrealized losses 

7.82 %

7.76 %

8.27 %

7.64 %

7.50 %

on HTM Securities)

3Total 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 Home Loan Bank.

4Total Revenue (Non-GAAP)

Quarter Ending

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Net Interest Income

$              6,895,387

$               6,696,369

$                                  6,748,638

$               6,876,162

$              7,719,910

Non-Interest Income

1,411,389

1,179,457

1,423,274

1,312,095

978,170

Total Revenue (non-GAAP)

$              8,306,776

$               7,875,826

$                                  8,171,912

$               8,188,257

$              8,698,079

5Tangible Book Value (ex-AOCI) (non-GAAP)

Quarter Ending

March 31, 2026

December 31, 2025

September 30, 2025

June 30, 2025

March 31, 2025

Shareholder's Equity

$            84,250,053

$             84,139,979

$                                87,193,193

$             84,123,510

$            83,134,747

Outstanding Shares at End of Period

6,973,747

6,984,013

7,002,103

7,002,103

7,002,103

Tangible Book Value (GAAP)

$                     12.08

$                      12.05

$                                         12.45

$                      12.01

$                     11.87

Accumulated Other Comprehensive Income (Net) (AOCI)

$          (14,645,539)

$           (14,189,941)

$                               (14,881,004)

$           (16,657,368)

$          (16,748,443)

AOCI per share equivalent

(2.10)

(2.03)

(2.13)

(2.38)

(2.39)

Tangible Book Value (ex-AOCI) (non-GAAP)

$                     14.18

$                      14.08

$                                         14.58

$                      14.39

$                     14.26

Contact:
Scott Clark
Senior Executive Vice President & Chief Financial Officer
Phone: 703-667-4119
Email: [email protected]

SOURCE Freedom Financial Holdings

In this article, we will discuss why financial independence is important, not just for retirees but for anyone aspiring for a stress-free and secure financial life. We present a buy-and-hold, easy-to-maintain portfolio formed with only nine funds. The portfolio is income-focused and is diversified in termsof strategies and asset classes, and likely to provide market-matchinggrowth. We will also demonstrate that if you invest a reasonable sum today inincome-growing funds, it takes roughly 10-12 years to potentially generate$5,000 of monthly income.

Vancouver B.C., May 19, 2026 (GLOBE NEWSWIRE) -- TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0) is pleased to announce highly encouraging initial results from recently completed airborne radiometric and Photogrammetric surveys at its Prospector Freedom Uranium Property in Piute County, Utah (the “Prospector Freedom Project”). The Company has also mobilized preparations for an extensive summer exploration program designed to rapidly advance the project toward drill-ready targets.

The Prospector Freedom Project is located within a historically productive uranium district that has produced approximately 1.33 Mlbs U3O8 at reported average grades of 0.22% * and benefited from extensive historical exploration activity. Previous operators reported strong uranium grades and continuity along multiple mineralized trends, underscoring the district-scale potential for additional discoveries and future resource expansion.

Multiple High-Priority Uranium Targets Identified

The integrated airborne survey program was completed across the Company’s newly expanded 380-acre land package and has successfully identified several high-priority exploration zones exhibiting characteristics consistent with structurally controlled vein-style uranium mineralization.  The survey was conducted by Land Survey Advisors of Heber City, Utah using a DJI Matrice 400 RTK quadcopter using terrain following and equipped with a Georadis D230A gamma ray spectrometer and a Zenmuse P1 45-megapixel mapping camera.  

The radiometric survey outlined numerous discrete uranium anomalies associated with favorable host lithologies and established regional mineralized trends. These anomalies are interpreted as potential near-surface uranium-bearing zones and represent compelling follow-up targets for the Company’s upcoming field program.

Figure 1:  Uranium radiometric data draped over 3D terrain.

Click here to view image

In parallel, the Photogrammetric survey delivered high-resolution 3D digital topographic data and 2D orthomosaic photographs over the property.  This information has aided in identifying terrain features and shading which may represent alteration corridors and spatially coincide with the identified radiometric anomalies.  This is valuable for the development of a 3D model of the property and will aid significantly in drill planning and targeting,  significantly strengthening Terra’s confidence in the exploration targets.

Figure 2: High resolution photomosaic draped over 3D terrain showing high detail of ground features.

Click here to view image

“The combination of radiometric and Photogrammetric data has materially advanced our understanding of the Prospector Freedom Project,” stated Greg Cameron, CEO of Terra . “We are especially encouraged by the strong correlation between radiometric anomalies and terrain features identified. This integrated dataset has generated several compelling drill targets and provides a strong foundation for the next phase of exploration.”

Strategic Expansion of the Property Position

Earlier this year, Terra strategically expanded the Prospector Freedom Project through the staking of an additional 14 Bureau of Land Management (“BLM”) lode claims surrounding the original six claims, substantially increasing the Company’s footprint to 380 acres within this highly prospective historical uranium district.  The expanded land package was assembled following detailed historical data compilation and regional geological interpretation, securing additional prospective ground believed to host favorable uranium mineralization.

“We are excited with the data provided through these surveys”, commented Trevor Perkins, VP Exploration of Terra.  “When combined with the digital dataset we continue to compile for the property, numerous targets have been identified for follow-up and potential drilling, with the ultimate goal of a 3D model and resource estimate on the horizon”, continued Mr. Perkins.

Summer Exploration Program & Drill Permitting Underway

Building on the positive survey results, Terra is now advancing a targeted summer exploration program that will include:

- Ground-truthing of airborne anomalies
- Detailed geological mapping
- Geochemical sampling
- Structural interpretation and target refinement
- Advancement of priority drill targets

Drill permitting is actively underway. Land Survey Advisors of Heber City, Utah, has been engaged to finalize permitting with the U.S. Bureau of Land Management and the Utah Division of Oil, Gas and Mining.

All exploration activities are being conducted in accordance with applicable regulatory requirements and industry best practices. Terra remains committed to responsible exploration and environmental stewardship as it advances the Prospector Freedom Project.

About Terra Clean Energy Corp.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah and uranium exploration properties in Wyoming, United States.  The Company’s strategy is to find and advance late stage uranium projects to support growing demand for Nuclear Power and secure domestic mineral supply chains.

ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.

“Greg Cameron”
Greg Cameron, CEO

Qualified Person

*The historical results, production, and interpretation described here in have not been verified and are extracted from US Geological Survey reports.  The Company has not completed sufficient work to confirm and validate any of the historical data contained in this news release. The historical work does not meet NI 43-101 standards.  The Company considers the historical work a reliable indication of the potential of the Marysvale Uranium District and the information may be of assistance to readers. 

Gruner, J.W., Fetzer, W.G., and Rapaport, I., 1951, The Uranium Deposits near Marysvale, Piute County, Utah, Economic Geology Vol 46 No 3, pp. 243-251.

Steven, T.A., Cunningham, C. G., Naeser, C.W., and Mehnert, H.H., 1979, Revised stratigraphy and radiometric ages of volcanic rocks in the Marysvale area, west-central Utah: U.S. Geological Survey Bulletin 1469, 40 p.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

Forward-Looking Information

This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements may include, without limitation, statements relating to the Company’s planned exploration activities on properties and the potential development of mineral resources and mineral reserves which may or may not occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Greg Cameron, CEO
[email protected]
416-277-6174

Terra Clean Energy Corp
1133 Melville Street, Suite 2700
Vancouver, BC V6E 4E5
www.tcec.energy

-

Facility expansion positions AV to scale production, accelerate fielding, and provide cost-effective defense against mass aerial threats

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced an additional government investment of $20.2 million in AV's Huntsville, Alabama facility to increase quantities of Low-Rate Initial Production (LRIP) and accelerate future Full-Rate Production (FRP) of the Next-Generation Counter-Unmanned Aircraft System Missile (NGCM), known as Freedom Eagle-1 (FE-1).

The expanded site will serve as the system-level integration, manufacturing, and production hub for FE-1, enabling rapid scale-up of interceptor production and accelerated delivery timelines to meet urgent U.S. Army and Combatant Command operational needs.

Share The expanded site will serve as the system-level integration, manufacturing, and production hub for FE-1, enabling rapid scale-up of interceptor production and accelerated delivery timelines to meet urgent U.S. Army and Combatant Command operational needs.

The 24,000-square-foot expansion and associated job growth in Huntsville reflect AV’s continued investment in meeting evolving national security demands for subsonic missiles while strengthening cost-effective production capacity, driving innovation, and supporting on-time delivery.

“Growing our presence in Huntsville places AV more firmly at the center of the Army’s air and missile defense ecosystem, enabling tighter integration, faster iteration, and more efficient production at scale,” said Wahid Nawabi, Chairman, President and Chief Executive Officer at AV. “That proximity is critical as we begin production of Freedom Eagle-1, a system designed to deliver a scalable, cost-effective response to increasingly complex and high-volume aerial threats.”

The investment builds on AV’s recent selection and $95.9 million contract award under the U.S. Army’s NGCM and Long-Range Kinetic Interceptor (LRKI) programs, executed through the U.S. Army Combat Capabilities Development Command Aviation & Missile Center (CCDC AvMC) and the Aviation & Missile Technology Consortium (AMTC), and marks the next phase in transitioning Freedom Eagle-1 from development to scaled production and operational fielding.

In March, AV announced a $97 million contract to design and integrate prototype test environments for next-generation missile defense sensor testing at Redstone Arsenal — a Huntsville-based federal center that is home to more than 70 organizations, including NASA, the FBI, Missile Defense Agency, Army Program Acquisition Executive Fires, and the future U.S. Space Command headquarters.

“This expansion is a critical step in scaling production of Freedom Eagle-1 and accelerating its delivery to the field,” said Jimmy Jenkins, Executive Vice President of AV’s Precision Strike and Defense Systems Group. “By increasing manufacturing capacity, strengthening integration, and enabling production at volume, we’re delivering a cost-effective interceptor designed to counter increasingly complex and high-volume aerial threats.”

Freedom Eagle-1 is designed to address these challenges with a combination of performance and affordability. The system is a low-cost, high-performance interceptor capable of neutralizing Groups 2 and 3 UAS while maintaining residual capability against Group 1 UAS, fixed-wing, and rotary-wing aircraft, with increased lethality, extended range, and rapid launch capabilities.

The system has achieved several key development milestones, including a successful live-fire demonstration of its dual-thrust solid rocket motor, controlled test vehicle launches, and warhead testing, demonstrating technical maturity and reduced risk as the program transitions toward field deployment.

"As the nation’s defense and security demands increase, it is crucial that we meet capability needs, and there is no better place for AV’s expansion as Alabama continues to lead in defense manufacturing and innovation," said Congressman Robert Aderholt (AL-04).

The expansion in Huntsville also reflects AV’s broader strategy to scale domestic manufacturing capacity, following a recent announcement of a $30 million expansion of its Albuquerque, New Mexico campus, a move that is expected to generate more than $670 million in economic impact over the next decade, create more than 450 high-wage jobs, and boost production of mission-critical defense and space technologies.

About AV

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. At the core of these technologies lies AV_Halo™, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

More News From AeroVironment, Inc.

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ALMATY, Kazakhstan & NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence in 22 countries, today reported financial results for fiscal year 2026, including revenue of $2.19 billion, and net income of $153.3 million for the 2026 fiscal year.

Year ended

Year ended

March 31, 2026

Total revenue, net

$2,191.3 million

$2,004.2 million

Income before income tax

$226 million

$104.6 million

Net income

$153.3 million

$76.2 million

Earnings per common share – basic

$2.56

$1.28

Earnings per common share – diluted

$2.51

$1.26

Fiscal Year ended March 31, 2026 Financial Overview
All comparisons are to the twelve months ended March 31, 2025 unless otherwise noted

The Company reported total revenue, net of $2,191.3 million, as compared to $2,004.2 million. The increase was primarily attributable to the following:

The Company’s net gain on trading securities was $158.8 million, an increase of $216.6 million, or 375%, primarily from sales of Kazakhstan sovereign and corporate debt securities. Sales of goods and services increased by $57.3 million, or 143%, to $97.4 million from $40.1 million, primarily the result of the Company’s expansion into the telecommunications sector and increased customer activity at Arbuz, online retail trade and e-commerce subsidiary. Net gain on derivatives was $66.8 million, an increase of $54.4 million, driven primarily by Freedom Bank KZ’s realized net gain of $40.9 million largely due to positive revaluation of currency swaps. Interest income was $882.5 million, an increase of $18.0 million, or 2%, primarily driven by increased margin loans to customers and continued expansion of Freedom Bank KZ's customer loan portfolio. Our net insurance revenue for fiscal 2026 was $402.4 million, representing a decrease of $168.8 million, or 29%, compared to fiscal 2025. This decrease was primarily driven by lower written insurance premiums, reflecting regulatory caps on agent commissions for bank and microfinance loan products, and by higher deferred profit liability issuance expense. Customer Growth

The Company’s bank customers approximately doubled from 2.52 million to 5.03 million and retail brokerage accounts increased to 858,000, from 683,000 in the prior year.

“Over the past few years, we have significantly expanded our customer base across brokerage, banking, and insurance by building a unified digital ecosystem,” said Timur Turlov, Freedom Chairman and CEO. “At the core of this growth is our SuperApp, which brings together essential financial services, including banking, insurance and lifestyle services in a single application.

“The addition of attractive loyalty and referral programs, improvement and further diversification of our offerings within our SuperApp during fiscal 2026 has further supported customer adoption, increasing overall engagement within the ecosystem. Our mission is to provide our customers with the most convenient, seamless, and beneficial experience possible, engaging them across a broad range of digital products, each offered on terms designed to deliver maximum value and ease of use.”

Freedom SuperApp

In March 2026, monthly active users (MAU) climbed to 2.59 million, up from 1.02 million in March 2025, an increase of 154% year over year, while daily active users (DAU) averaged 634,578 compared with 183,000 in March 2025.

Regional and Global Expansion

One of the Company’s strategic goals is to build a network of banks, brokers, and digital financial infrastructure that connects markets across Central Asia, the Caucasus, and beyond. In this regard, in March 2026, the Company entered into an agreement to purchase approximately 99.32% of Turkish Bank A.S., a bank operating in Türkiye. Subject to completion of the transaction, the Company expects this bank may serve as a core platform for its financial services operations in Türkiye. The Company also plans to establish a fully operational brokerage business in Türkiye, subject to obtaining the required license from the Turkish financial regulator.

External Social Projects

During fiscal year 2026, the Company continued to support sports, education, and culture in the communities where it operates, including:

Sports and chess — funding the Kazakhstan Chess Federation, hosting the World School Team Chess Championship and the "Chess in Education" Scientific Conference, launching construction of a football academy in Karaganda, sponsoring FC Zhenis and the youth teams of FC Shakhter, and supporting the inclusive "UNI FOOTBALL LEAGUE." Education — supporting "Teach for Qazaqstan," the Freedom Grants scholarship program, the IQanat Educational Fund, and student scholarships at Karagandy Buketov University. Culture — contributing to the renovation of Lermontov National Theatre in Almaty and the development of the Reception House in Astana. Additional highlights:

Banking

As of March 31, 2026, our Banking segment combined assets increased by 21% to $5,359.8 million, our loan portfolio increased by 29% to $2,045.3 million, our deposit portfolio increased by 46% to $2,522.8 million, and held-to-maturity securities increased by 552% to $429,423.

Insurance

Freedom Life recognized a net profit of approximately $32.9 million. As of March 31, 2026, Freedom Life held an approximately 7.4% market share in the Kazakhstan voluntary accident insurance and 19.3% of the pension annuity insurance segment in Kazakhstan, in each case according to the National Bank of Kazakhstan (NBK).

Freedom Insurance recognized net profit of approximately $10.8 million in fiscal year 2026. According to the NBK, as of March 31, 2026, Freedom Insurance had an approximately 6.55% share of the total Kazakhstan general insurance market based on total assets and had an approximately 14.53% share of the Kazakhstan car owners liability insurance market based on insurance premiums received.

Brokerage

As of March 31, 2026 and 2025, we had approximately 858,000 and 683,000 total brokerage customer accounts respectively, of which more than 56% and 63% respectively had positive cash or asset account balances.

Other

The Other segment accounted for $172.8 million, or 8%, of our total revenue, net for the fiscal year ended March 31, 2026, mainly derived from online retail trade and e-commerce services, provision of payment processing services, retail online ticket sales and online aggregation of purchasing air and railway tickets.

AI Data Center in Kazakhstan

In November 2025, we signed a non-binding memorandum of understanding with the Kazakhstan Ministry of AI and Digital Development and NVIDIA Corporation with a view to develop a large-scale AI data center in Kazakhstan. This prospective growth project is expected to be implemented in phases.

Employees

As of March 31, 2026, we had 11,846 (11,627 full-time and 219 part-time) employees spanning 22 countries in the following regions: Central Asia - 10,830, Europe - 334, Middle East - 627, USA - 55.

About Freedom Holding Corp.

Freedom Holding Corp., a Nevada corporation, is a diversified financial services holding company conducting retail securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries, operating under the name Freedom Finance in Europe and Central Asia, and Freedom Capital Markets in the United States. Through its subsidiaries, Freedom Holding Corp. employs more than 11,000 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Republican Stock Exchange of Tashkent, International Trading System Limited, Armenia Stock Exchange, Kyrgyz Stock Exchange, the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange.

Freedom Holding Corp.'s common shares are registered under the United States Securities Exchange Act of 1934 and are traded under the symbol FRHC on the Nasdaq Capital Market, operated by Nasdaq, Inc. The Company has its main market of operations in Kazakhstan and has a presence in 22 countries.

To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com.

Cautionary Note Regarding Forward-Looking Statements

This release, and any related statements, contains "forward-looking" statements within the meaning of section 21E of the United States Securities Exchange Act of 1934. All forward-looking statements are subject to uncertainty and changes in circumstances. In some cases, forward-looking statements can be identified by terminology such as "expect," "new," "plan," "strategy," "mission, " "seek," and "will," or the negative of such terms or other comparable terminology and include statements relating to our plans, intentions and expectations, regional and global expansion including our plans related to Turkish Bank A.S. and establishment of a fully operational brokerage business in Türkiye, the memorandum of understanding relating to AI data center in Kazakhstan and other non-historical statements. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include economic, business, and regulatory risks and other factors including those identified in under Risk Factors and elsewhere in the Company's periodic and current reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.

Website Disclosure

Freedom Holding Corp. intends to use its website, https://ir.freedomholdingcorp.com, as a means for disclosing material non-public information and for complying with U.S. Securities and Exchange Commission Regulation FD and other disclosure obligation.

FREEDOM HOLDING CORP.

CONSOLIDATED BALANCE SHEETS

(All amounts in thousands of United States dollars, unless otherwise stated)

  March 31, 2026

March 31, 2025
(Recasted)

ASSETS

Cash and cash equivalents

$

966,115

$

837,302

Restricted cash

1,246,312

807,468

Investment securities

3,342,561

2,814,733

Margin lending, brokerage and other receivables, net

4,690,782

3,319,145

Loans issued (including $21,321 and $188,445 to related parties)

2,077,606

1,595,435

Fixed assets, net

358,396

191,103

Intangible assets, net

73,319

54,186

Goodwill

51,099

49,093

Right-of-use asset

47,579

39,828

Insurance contract assets

36,849

37,183

Other assets, net (including $40,119 and $18,080 with related parties)

264,621

169,641

TOTAL ASSETS

$

13,155,239

$

9,915,117

LIABILITIES AND SHAREHOLDERS' EQUITY

Securities repurchase agreement obligations

$

1,024,923

$

1,418,443

Customer liabilities

7,103,984

4,304,999

Margin lending and trade payables

689,641

1,322,241

Insurance contract liabilities

653,907

472,433

Current income tax liability

43,701

28,919

Debt securities issued

1,261,120

469,551

Lease liability

48,843

40,525

Liability arising from continuing involvement

554,594

503,705

Other liabilities

285,247

129,737

TOTAL LIABILITIES

$

11,665,960

$

8,690,553

Commitments and Contingent Liabilities (Note 29)

—

—

SHAREHOLDERS' EQUITY

Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding

—

—

Common stock - $0.001 par value; 500,000,000 shares authorized; 61,292,581 and 60,993,949 shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively

61

61

Additional paid in capital

314,657

246,610

Retained earnings

1,231,500

1,078,172

Accumulated other comprehensive loss

(56,939

)

(100,396

)

TOTAL FRHC SHAREHOLDERS' EQUITY

$

1,489,279

$

1,224,447

Non-controlling interest

—

117

TOTAL SHAREHOLDERS' EQUITY

$

1,489,279

$

1,224,564

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$

13,155,239

$

9,915,117

The accompanying notes are an integral part of these consolidated financial statements

Years ended March 31,

2026

2025 (Recasted)

2024 (Recasted)

Revenue:

Fee and commission income (including $7,680, $4,725 and $65,972 from related parties)

$

489,765

$

505,026

$

440,333

Net gain/(loss) on trading securities

158,824

(57,810

)

133,854

Interest income (including $12,703, $1,731 and $24,941 from related parties)

882,478

864,453

828,224

Net insurance revenue

402,396

571,224

245,122

Net gain on foreign exchange operations

67,680

51,684

72,245

Net gain/(loss) on derivatives

66,772

12,404

(103,794

)

Sales of goods and services

97,446

40,102

21,576

Other income

25,930

17,072

9,696

TOTAL REVENUE, NET

2,191,291

2,004,155

1,647,256

Expense:

Fee and commission expense

218,565

346,502

154,716

Interest expense

489,036

535,895

501,111

Insurance claims and policyholder benefits, net of reinsurance

259,309

260,488

117,273

Payroll and bonuses

426,471

287,347

180,283

Professional services

46,258

28,924

34,238

Stock compensation expense

68,047

59,592

22,719

Advertising and sponsorship expense (including $27,151, $18,497, and $0 from related parties)

103,304

124,627

38,327

General and administrative expense

222,339

162,474

120,888

Allowance for expected credit losses

52,365

62,445

21,225

Cost of sales

79,632

31,278

17,538

TOTAL EXPENSE

1,965,326

1,899,572

1,208,318

INCOME BEFORE INCOME TAX

225,965

104,583

438,938

Income tax expense

(72,637

)

(28,425

)

(60,419

)

NET INCOME

153,328

76,158

378,519

Less: Net loss attributable to non-controlling interest in subsidiary

—

(129

)

(588

)

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS

$

153,328

$

76,287

$

379,107

OTHER COMPREHENSIVE INCOME

Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect

(4,771

)

4,364

6,196

Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect

(4,937

)

681

(3,209

)

Change in discount rate on liability for future policy benefits

(881

)

6,807

(4,811

)

Foreign currency translation adjustments

54,046

(104,102

)

12,075

OTHER COMPREHENSIVE INCOME/(LOSS)

43,457

(92,250

)

10,251

COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS

$

196,785

$

(16,092

)

$

388,770

Less: Comprehensive loss attributable to non-controlling interest in subsidiary

—

(129

)

(588

)

COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS

$

196,785

$

(15,963

)

$

389,358

EARNINGS PER COMMON SHARE (In U.S. dollars):

Earnings per common share - basic

2.56

1.28

6.43

Earnings per common share - diluted

2.51

1.26

6.39

Weighted average number of shares (basic)

59,992,357

59,393,629

58,958,363

Weighted average number of shares (diluted)

61,117,931

60,490,564

59,362,982

The accompanying notes are an integral part of these consolidated financial statements.

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