Freedom Holding Corp.: A New Era of Positive Growth
Strengthened risk management elevates Freedom Holding Corp.'s subsidiaries' outlook by S&P Global Ratings to 'Positive'.
In a groundbreaking move that promises to influence the financial landscape, S&P Global Ratings has awarded Freedom Holding Corp’s core operating subsidiaries a “Positive” outlook. This significant upgrade marks a new chapter in the company’s journey, showcasing the exceptional strides made in risk management and compliance.
Positive Outlook: A Testament to Evolution
Transitioning from a “Stable” to “Positive” outlook, Freedom Corp. reflects an evolution in its governance model. The company’s commitment to centralizing risk management and strengthening compliance has guided this shift. With a dedicated project management office and a robust team of 291 specialists, Freedom is paving the way for a secure future.
“We’ve come a long way in turning fragmented control functions into a unified, centralized system at the group level,” said CEO Timur Turlov. According to Lelezard, this decision mirrors the maturity and resilience of their governance.
Resilience and Growth
In 2025, Freedom Holding Corp. witnessed an enhancement in capitalization, with a rise in the risk-adjusted capital ratio from 11.6% to approximately 13%. Acknowledging the decreasing economic and industry risks in Kazakhstan, the company’s steady brokerage business remains a pillar of strength. With around 5 million customers, its SuperApp stands as a fundamental tool for everyday financial activities.
Leadership and Expansion
Leading Kazakhstan’s brokerage scene, Freedom Corp. serves over 683,000 clients worldwide. Highlighted by S&P, their European expansion is notable — with 391,000 clients and operations across 10 EU countries. The firm’s strategic investments in the telecom segment reinforce its sustainable business model.
Freedom Holding Corp.: A Global Presence
Listed on the NASDAQ under FRHC, Freedom Holding Corp. is an international financial giant. With services spanning investment, banking, and digital platforms, its presence in 22 countries is undeniable. The U.S. SEC regulates this multifaceted company, adding layers of credibility and trust.
The Road Ahead
The journey of Freedom Holding Corp. symbolizes a transformative tale of resilience and strategic growth. With a firm footing and a clear vision for the future, this positive outlook paves the way for enduring success.
Embracing a balanced growth strategy grounded in robust risk management propels Freedom Holding Corp. into an era of strengthened potential and market leadership.
