The client base of Freedom Broker continues to grow. As of Oct. 1, 2025, the company had 310,500 active accounts, which is 80,600 more than a year earlier. The growth in new accounts from January to September amounted to 23.6%, and the total number of securities transactions reached 27.2 million.
Most popular stocks
Among Freedom Broker’s Kazakhstani clients, Halyk Bank shares were the most popular stocks, with transactions totaling $38.3 million, followed by shares of Bank CenterCredit ($34.2 million) and Kazatomprom ($26.2 million).
On the American market, the leaders in terms of transaction volume were Petrobras ($3.2 billion), Newmont Corporation ($3 billion) and Alibaba Group Holding ($2.5 billion).
In terms of the number of transactions, Halyk Bank leads in Kazakhstan, and Nvidia and Tesla lead in the U.S.
Technological partnerships
Freedom Broker also continues to cooperate with the International Trading System (ITS), an Astana-based trading platform, expanding the range of trading opportunities for investors.
In September, a new product appeared on ITS – the Single Stock ETF, which allows investors to buy shares of the world’s largest companies at an affordable price. The first set included securities of seven companies, including Freedom Holding Corp. (FRHC).
In addition, Freedom Finance Global PLC received the Tech for Finance Excellence Award from the Astana International Financial Centre (AIFC) for the implementation of innovative solutions in the financial sector.
Market development
In September, Freedom issued the first securitized bonds on the Kazakhstani market in seven years, totaling $2 million. This transaction was an important step for the development of the financial market in the country and the expansion of opportunities for investors.
Freedom Broker also maintained its leadership position on the Kazakhstan Stock Exchange (KASE):
• Freedom Finance Global ranked first in activity in the debt and government securities sectors;
• Freedom Finance JSC ranked first in the REPO sector.
Financial results of Freedom Finance Global
As of the end of the third quarter, the company’s assets amounted to $245.9 million, a 7% decline due to dividend payments. At the same time, liabilities decreased by 65.4% to $54.8 million, while equity increased by 80.2%, reaching $191.1 million.
Net profit for the nine months amounted to $93.2 million, 38.3% less than a year earlier. According to the report, the decline is due to a decrease in interest income and the revaluation of currency assets against the backdrop of a strengthening dollar. At the same time, commission income increased by 86%.
Financial indicators of Freedom Finance JSC
The company’s assets decreased to $396.2 million (-27.3%), mainly due to the revaluation of securities after the National Bank raised its base rate.
Liabilities decreased to $46.1 million (-82%), and equity increased by 14.4% to $353.4 million.
The company’s net loss amounted to $2.4 million, mainly due to a decrease in the fair value of traded securities.
As of Oct. 1, 2025, the company was a market maker for 96 instruments on KASE and 3 instruments on the Astana International Exchange (AIX).
Freedom Finance Global and Freedom Finance JSC are part of Freedom Holding Corp., an international investment group whose shares are listed on Nasdaq under the FRHC ticker.
Freedom Holding Corp. is a leading brokerage and investment holding company in Central Asia and Eastern Europe. The CEO and majority shareholder of the holding company is Timur Turlov, a renowned businessman in the region.
In Kazakhstan, the holding company provides brokerage services under the brands Freedom Broker (Freedom Finance JSC, a member of KASE) and Freedom Finance Global (a member of AIX). Other subsidiaries of Freedom Holding Corp. operating in the country include Freedom Bank, Freedom Insurance and Freedom Life.
