Financier №4 (40) 2025

Freedom Holding generated $1 billion in revenue in the first half of the year

Freedom Holding Corp. (FRHC) has had a strong start to the fiscal year. For the first six months (April–September 2025), the holding’s revenue reached $1.06 billion. Net income amounted to $69.1 million, and earnings per share totaled $1.15. Total assets increased to $10.3 billion. These figures demonstrate that the ecosystem is operating resiliently and that key business areas continue to grow.

World-class investment funds have increased their stakes in Freedom Holding Corp.

In Q3, BlackRock, a leading global investment firm, purchased nearly 25,000 shares, bringing its stake to 545,000 shares valued at $74.85 million. It remains the second-largest investor by asset size after Mr. Timur Turlov. Morgan Stanley increased its stake to 195,800 shares, while the American investment bank JPMorgan Chase & Co. tripled its holdings, reaching 76,000 shares. This confirms that Freedom Holding Corp. is becoming an increasingly prominent player in the global market.

Freedom Telecom received an international award for developing Wi-Fi 7 networks in Kazakhstan

At the GITEX 2025 exhibition in Dubai, Freedom Telecom received the Wi-Fi 7 Pioneer Award. This Freedom ecosystem company is implementing new technology at scale, building next-generation communications infrastructure across the country. This achievement was confirmed by an award from IEEE, the world’s largest professional association of technical experts.

Freedom Bank received international awards for supporting small and medium-sized businesses and protecting customer funds

At the EDGE Forum in Dubai, Mastercard recognized Freedom Bank as a “Driver of Small and Medium-Sized Business Growth” in Central Asia. The bank also received an award from the National Bank of Kazakhstan’s Anti-Fraud Center for outstanding performance in recovering customer funds from fraudulent incidents. Freedom Bank demonstrated high response speed, process efficiency, and the highest rate of successful fund recovery among financial institutions in the country.

Freedom Holding Corp. increased its contribution to social and environmental projects to $50 million

According to its 2025 ESG report, Freedom allocated more than $50 million (KZT 27.8 billion) to social and environmental initiatives. These funds were directed toward the development of chess programs and the QJ League youth football league, as well as projects in education and the creative industries. Funding was also provided for initiatives to preserve the Aral Sea, support green energy development, and assist regions affected by floods through charitable programs.

Freedom Bank enters the Georgian and Tajik markets

The bank has obtained a license to operate in Tajikistan and permission to open a subsidiary bank in Georgia. Freedom already operates in 21 countries, and the company’s strategic goal remains unchanged: to provide convenient and fast access to financial services and investment opportunities from anywhere in the world.

Photo: Freedom Holding Corp. press service

Freedom Holding will allocate over $2 billion to create a national AI ecosystem in Kazakhstan in partnership with OpenAI and NVIDIA

During the C5+1 summit of Central Asian countries and US heads of state in Washington, the holding company signed two agreements with global technology leaders. The first agreement, concluded with NVIDIA and the Ministry of Digital Development, Innovation, and Aerospace Industry, предусматривает the allocation of $2 billion by Freedom Holding for the purchase and deployment of advanced AI chips and the creation of a large-scale AI cluster in Kazakhstan. The second agreement establishes a strategic partnership with OpenAI and the Government of Kazakhstan to launch an education program based on ChatGPT Edu, aimed at advancing the country’s national education system.

Timur Turlov is acquiring Transtelecom

The founder of Freedom Holding has initiated a transaction to acquire a Kazakh telecommunications company. An agreement on the principal terms of the deal has already been reached, and the holding is currently awaiting regulatory approval.