Corporate ActionJul 13, 2026, 08:49 AM
Freedom Holding Corp. Raises $300M from Ordinary Share Offering
AI Summary
Freedom Holding Corp. announced it raised $300 million in gross proceeds from an offering of 2,374,356 ordinary shares at approximately $126.35 per share. The company plans to use these proceeds to support its continued expansion and international investment program, including recent efforts to secure banking licenses in Europe and acquire Turkish Bank A.Ş. For the fiscal year ended March 31, 2026, Freedom Holding Corp. reported a revenue increase to $2.19 billion and net income rising to $153.3 million, with basic EPS of $2.56.
Key Highlights
- Freedom Holding Corp. raised $300 million in gross proceeds from an ordinary share offering.
- The company sold 2,374,356 ordinary shares at approximately $126.35 per share.
- Revenue for FY ended March 31, 2026, increased to $2.19 billion from $2.0 billion.
- Net income rose to $153.3 million for FY ended March 31, 2026, from $76.2 million.
- Basic earnings per share were $2.56 for the fiscal year.
- Total assets reached $13.16 billion as of March 31, 2026.
- Brokerage clients increased 26% to 858,000, and banking clients grew 100% to 5.03 million.
Price Impact
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