Freedom Broker Armenia, part of Freedom Holding Corp. (NASDAQ: FRHC), reports revenue growth of over 17% in the first quarter of fiscal year 2026

YEREVAN, October 10. /ARKA/. Freedom Holding Corp. has published its financial results for the first quarter of the fiscal year 2026, which concluded on June 30, 2025. The company’s revenue reached $533.4 million, reflecting an increase of $78.4 million (17%) compared to the same period in the previous year.

The growth was fueled by a rise in net income from securities transactions, the expansion of the insurance sector (notably in pension annuities and accident insurance), and higher sales at its subsidiaries.

The holding company’s net income stood at $30.4 million, translating to earnings per share of $0.51. The client base continued to expand significantly: the number of brokerage accounts grew to 725,000 (+43,000), insurance clients reached 1.4 million (+226,000), and banking users totaled 3.0 million (+412,000).

Key events during the reporting period included:

• the addition of Freedom Holding Corp. shares to the Russell 3000 index, which represents the

performance of major American companies;

• the adjustment of the rating outlook for key subsidiaries by S&P Global Ratings from “stable” to “positive”;

Freedom Holding Corp. is committed to enhancing its status as a diversified international entity that offers brokerage, insurance, investment banking, and technology services across 22 countries.

Freedom Broker Armenia plays a vital role in the advancement of the local capital market by granting investors in Armenia access to global financial instruments.

spot_img

POPULAR

Business registration is now available at Unibank

Business registration is the first step toward starting your own venture.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

LATEST NEWS

spot_imgspot_imgspot_img