stockrowLatest quarter
Freedom Holding reported Q1 FY2027 revenue of $732.5 million, up from $524.0 million a year earlier. Diluted earnings per share rose to $0.52 from $0.50, while net income declined, according to the company’s filing.
Freedom attributed higher interest income primarily to customer margin and other loans, as well as income from securities and other investments. Fee and commission income also rose, with brokerage services benefiting from institutional commissions and a larger retail customer base. The company said its net gain on trading securities increased as positions appreciated and it sold Kazakhstan sovereign and corporate debt.
The filing shows that net insurance revenue declined, while total expenses increased. Freedom attributed the expense increase mainly to insurance claims and policyholder benefits, interest, payroll and bonuses, and general and administrative costs.
Freedom’s operating margin fell to 5.57% from 9.06%. Free cash flow was −$436.6 million, compared with $450.0 million a year earlier.
| Q1 FY2027 | Q1 FY2026 | Change | |
|---|---|---|---|
| Revenue | $732.5 million | $524.0 million | 39.8% |
| Diluted EPS | $0.52 | $0.50 | 4.00% |
| Gross margin | 95.2% | 97.3% | −2.2 percentage points |
| Operating margin | 5.57% | 9.06% | −3.5 percentage points |
| Free cash flow | −$436.6 million | $450.0 million | −197.0% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.99 | $0.85 | Beat by 16.5% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
No earnings call is available for the quarter. In its filing, Freedom said expanding retail customer activity had driven growth, particularly in Kazakhstan, Europe and other Central Asian jurisdictions.
Guidance
Management guidance for the latest quarter is not available, so the company’s current outlook and any changes from its previous guidance cannot be reported here.