Freedom Holding Corp. $(FRHC)$, a multinational diversified financial services holding company operating in 22 countries, announced its financial results for the first quarter of fiscal year 2026, which ended on June 30, 2025. The company reported a 17% increase in total revenue, netting $533.4 million compared to $455 million in the same quarter of the previous year. Despite the revenue growth, net income declined to $30.4 million from $34.4 million in the first quarter of fiscal 2025. The basic and diluted earnings per share were $0.51 and $0.50, respectively, down from $0.58 and $0.57 per share in the previous year's first quarter. The company's total assets were reported at $9.7 billion as of June 30, 2025, a slight decrease from $9.9 billion as of March 31, 2025. Expenses for the quarter increased to approximately $492.9 million, up from $413.4 million in the prior year's first quarter. In terms of business operations, significant growth was observed in the brokerage and banking segments. Brokerage revenue rose to $176.3 million from $174.9 million, while banking revenue surged by 60% to $146.2 million from $91.2 million. The increase in banking revenue was primarily driven by a net gain in trading securities, although offset by reduced commission income due to a cashback-based loyalty program. The number of total retail brokerage clients increased to 725,000 by the end of the quarter. The company also highlighted its ongoing commitment to client service and digital infrastructure investments, contributing to an expansion of its customer base to over 5.3 million, a nearly 5% increase since March 31, 2025. S&P Global Ratings revised its outlook to Positive from Stable and affirmed credit ratings for several of the company's entities.