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Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million

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New York, United States, August 10th, 2026, FinanceWire

Revenue in the brokerage and banking segments grew by 60% and 54%, respectively; total assets reached $14.0 billion as the company continued to expand its digital ecosystem and international banking presence

Freedom Holding Corp. (NASDAQ: FRHC), an international financial services and technology group, today announced its condensed consolidated financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026.

The company’s net revenue increased by 40% to $732.5 million, compared with $524.0 million in the same period last year. Growth was driven primarily by the brokerage and banking businesses, together with the continued expansion of Freedom’s telecommunications, payments, travel, and other digital services. As of June 30, 2026, Freedom Holding Corp.’s total assets were $14.05 billion, compared with $13.16 billion as of March 31, 2026. Shareholders’ equity increased to $1.54 billion, while cash and restricted cash totaled $2.82 billion at the end of the reporting period.

Freedom Holding Corp. also expanded its digital ecosystem through the acquisition of ChessBase GmbH. A month after the reporting period, the company completed its acquisition of an approximately 99.32% stake in Turkish Bank A.Ş., further strengthening its international banking presence.

“We have made a strong start to the new fiscal year, significantly increasing revenue while continuing to deliver strong quarterly profits. This allows us not only to invest actively in the further development of the Freedom ecosystem, but also to expand it into new markets. We completed the acquisition of a bank in Turkey, where we will soon begin rolling out our ecosystem, which has already proven successful in Kazakhstan,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.

Key Financial Results

  • Interest income increased by 49% to $295.1 million, driven by higher interest income from margin lending, interest income on loans to customers, and securities portfolios.          
  • Fee and commission income rose by 46% to $156.7 million, primarily driven by higher brokerage activity and growth in brokerage service commissions. Net gains on trading securities increased by 75% to $79.8 million, reflecting higher valuations of securities positions and gains from the sale of Kazakhstan sovereign and corporate debt securities. 
  • Total expenses increased by 45% to $691.7 million, compared with $476.5 million a year earlier. The increase was driven mainly by higher insurance claims and policyholder benefits, interest expense, payroll and bonuses, and general and administrative expenses.
  • Net income for the quarter was $31.7 million, or $0.52 per diluted share, compared with $37.4 million, or $0.61 per diluted share, a year earlier.

Business Segment Results

Revenue in the brokerage segment was up 60% to $282.6 million. This growth was driven by higher client trading activity, increased fee and commission income, and greater use of margin financing. Meanwhile, revenue in the banking segment rose by 54% to $225.2 million. This reflected higher interest income, gains on transactions in Kazakhstani government and corporate debt securities, and foreign exchange operations.

Revenue in the Other segment doubled to $73.9 million due to the expansion of the telecommunications business and increased activity across Arbuz and the company’s payment processing, travel and ticketing businesses.

Expansion of the Customer Base and Banking Business

As of June 30, 2026, the banking segment served 5.447 million customers, up from 5.026 million as of March 31, 2026. The brokerage segment served 874,000 customers, the insurance segment 924,000, and the Other segment 1.498 million.

Total assets in the banking segment increased by 12% during the quarter to $6.03 billion, while the deposit portfolio grew by 20% to $3.03 billion. The segment’s trading portfolio increased by 31% to $2.27 billion.

On June 24, 2026, S&P Global Ratings raised the long-term issuer credit ratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC from “B+” to “BB-.” The outlooks on all four entities are stable.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.

Contact

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454

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Press Release

Modcon Systems Advances Industrial AI Powered by Process Analyzers

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Modcon Systems Ltd. announces the continued development of its industrial AI strategy, combining online process analyzers, oxygen analyzer technology, hydrogen measurement, crude oil analysis and Modcon.AI software to support AI-enabled process optimization for refineries, hydrogen production, natural gas and petrochemical industries.

London, London, United Kingdom, 10th Aug 2026Modcon Systems Ltd., a deep technology company specializing in online process analyzers, oxygen analyzer technology, hydrogen measurement, crude oil analysis and AI-enabled process optimization, announces the continued development of its industrial AI strategy through the spin-out development of Modcon.AI.

Modcon.AI is being developed as a dedicated industrial AI platform focused on process optimization, process health analysis, predictive maintenance, energy efficiency and advanced decision support for refineries, hydrogen production, natural gas processing, petrochemical plants and other complex process industries.

The initiative builds on more than 50 years of Modcon Systems’ experience in process analysis, advanced control and industrial automation. Founded in 1972, Modcon has developed and supplied online process analyzers, analyzer systems and optimization solutions for oil refineries, natural gas facilities, hydrogen production plants, pipelines, petrochemical units and other demanding industrial applications.

The company’s strategy is based on a clear industrial principle: effective AI-enabled process optimization requires reliable real-time process data. Modcon’s analyzer technologies provide this critical measurement foundation by delivering continuous visibility into key process parameters such as oxygen, hydrogen, crude oil properties, hydrocarbon composition and process gas quality.

Modcon’s portfolio includes the MOD-1040 In-Situ Oxygen Analyzer, designed for safety-critical oxygen measurement in high-pressure gas, hydrogen, natural gas and hazardous-area applications. The company also provides hydrogen analyzer technologies for continuous hydrogen monitoring and process control, as well as crude oil analyzer solutions for refinery applications, crude oil quality monitoring, desalter performance, blending and crude distillation optimization.

By connecting these process analyzer platforms with Modcon.AI, Modcon Systems is advancing a new generation of industrial AI solutions that combine field measurement, process analytics and intelligent optimization software. This enables industrial operators to move beyond traditional monitoring toward more predictive, adaptive and performance-driven operation.

“Industrial AI is only as strong as the process data behind it,” said Gregory Shahnovsky, representing Modcon Systems Ltd. “Modcon’s advantage is the combination of real-time process analyzers, deep application knowledge and AI-enabled process optimization. Our oxygen analyzer, hydrogen analyzer and crude oil analyzer technologies provide the process visibility required for better decision support, refinery optimization, hydrogen process safety and operational efficiency.”

The development of Modcon.AI reflects the growing demand for industrial AI solutions that can support complex process operations in real time. In refinery applications, AI-enabled process optimization can help operators improve crude oil processing, product quality control, CDU performance, blending efficiency and energy use. In hydrogen production and gas processing, real-time oxygen and hydrogen measurement can support safety, purity control and process stability. In petrochemical and natural gas applications, continuous process analyzer data can provide the foundation for improved control, diagnostics and optimization.

Modcon Systems recently received two 2026 industry recognitions: Best Industrial Process Analytics and Hydrogen Technology Company 2026 and AI-Driven Process Optimization Excellence Award 2026. These awards recognise the company’s contribution to process analytics, hydrogen technology and AI-driven industrial optimization. 

The Modcon.AI spin-out development is intended to strengthen this direction by creating a focused platform for industrial AI, using real-time analyzer and process data to support improved plant performance, reduced variability, predictive insights and smarter operational decisions.

As industrial operators face increasing pressure to improve safety, reduce emissions, optimize energy consumption and maintain product quality, Modcon Systems believes the integration of process analyzers and industrial AI will become a key part of the next generation of process automation.

Through its combined portfolio of process analyzers, oxygen analyzers, hydrogen analyzers, crude oil analyzers, analyzer systems and AI-enabled process optimization software, Modcon Systems continues to support safer, smarter and more efficient operation across refining, hydrogen, natural gas, petrochemical and industrial process markets.

About Modcon Systems Ltd.

Modcon Systems Ltd. is a deep technology company with multidisciplinary engineering capabilities, developing proprietary process analysis, advanced control and AI-enabled optimization solutions for the process industries. Founded in 1972, Modcon has more than 50 years of experience in online process analyzers, analyzer systems, industrial measurement technologies and process optimization. Trusted by Fortune 100 energy and industrial companies, Modcon combines advanced process analyzers, automation and industrial AI to improve real-time decision-making, product quality, efficiency, safety and environmental performance across energy-intensive process industries.

The company serves oil refineries, natural gas processing facilities, hydrogen production, petrochemical plants, pipelines, chemical plants and other demanding industrial applications. Modcon’s technologies include in-situ oxygen analysis, hydrogen measurement, gas quality analysis, crude oil analysis, analyzer systems and Modcon.AI industrial optimization solutions.

Website: https://www.modcon-systems.com/
Modcon.AI: https://modcon.ai/

Media Contact

Organization: Modcon Systems Ltd.

Contact Person: Anya Alter

Website: https://www.modcon-systems.com

Email:
analyzer@modcon-systems.com

Contact Number: +442045771737

Address:10 Orange St., Haymarket

City: London

State: London

Country:United Kingdom

Release id:48026

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Press Release

Texas ESA Letter Reports Growing Demand for ESA Evaluations Among Younger Adults in 2026

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Texas ESA Letter reports growing appointment activity among younger adults, with internal 2026 data showing an increased share of requests from individuals ages 18–34 compared with the same period in 2025.

HOUSTON, Texas — August 9, 2026Texas ESA Letter today reported a growing share of appointment activity among younger adults through its online platform, based on an internal review of company records from January through July 2026. The company found that individuals between the ages of 18 and 34 accounted for approximately 42% of recorded appointment requests during the first seven months of 2026, compared with 31% during the same period in 2025.

The company said the figures represent an 11-percentage-point increase in the share of appointment requests attributed to the 18-to-34 age group during the measured period. The internal review examined approximately 2,400 appointment requests recorded between January 1 and July 31, 2026, and compared the results with approximately 1,900 requests recorded during the corresponding period of 2025.

According to Texas ESA Letter, the data was reviewed as part of the company’s regular assessment of appointment activity and administrative operations. The review focused on age distribution, appointment volumes, and changes in the composition of requests received through the company’s digital platform.

esa letter texas

The company said the increase among younger adults represents one of the more noticeable changes identified in its 2026 appointment data. Individuals between 18 and 34 accounted for approximately 1,008 of the 2,400 requests recorded during the 2026 review period, compared with approximately 589 of the 1,900 requests recorded during the corresponding 2025 period.

“The internal figures show a clear change in the composition of appointment activity during the first seven months of 2026,” said JAKE, CEO at Texas ESA Letter. “The increase in the share of requests from younger adults is one of the trends identified through the company’s ongoing review of platform activity.”

The company said the data is being used for internal operational planning, including the assessment of appointment volumes, administrative workloads, and scheduling activity. Texas ESA Letter stated that the review does not attempt to determine why individual users seek appointments and does not represent an independent demographic study.

The company also noted that the figures reflect activity recorded through its own platform rather than the broader Texas population. The data therefore does not establish a statewide or national trend and should not be interpreted as a representative survey of younger adults.

The 2026 review forms part of Texas ESA Letter’s broader internal reporting process. The company periodically reviews appointment information to identify changes in platform activity and assess operational requirements.

During the January-to-July 2026 period, the company recorded an overall increase of approximately 26% in appointment requests compared with the same period in 2025. Within that total, requests from individuals aged 18 to 34 increased at a higher rate than the overall appointment volume.

Texas ESA Letter said the age distribution of appointment activity will continue to be monitored during the remainder of 2026. Additional internal reporting may be conducted as more appointment data becomes available.

The company emphasized that the reported figures are based solely on administrative records maintained through its platform. The figures are not the result of a medical study, demographic survey, or independent research project.

Texas ESA Letter said the findings provide an internal snapshot of changes in platform activity and will be considered alongside other operational information during future planning.

About Texas ESA Letter

Texas ESA Letter is a Texas-based online company operating a digital platform for appointment coordination and administrative services. The company uses online scheduling, digital communication, and administrative systems as part of its business operations.

Media Contact

Organization: Texas ESA Letter

Contact Person: Laurel Lee

Website: https://texasesaletter.org/

Email:
contact@texasesaletter.org

Address:2245 W Holcombe Blvd #45

City: Houston

State: Texas

Country:United States

Release id:47854

The post Texas ESA Letter Reports Growing Demand for ESA Evaluations Among Younger Adults in 2026 appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Novarex Capital Partners Completes Initial Five Million Pound Funding Round

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Novarex Capital Partners has completed its initial funding round of five million pounds. The company is progressing with subsequent funding activity in support of its corporate objectives.

London, United Kingdom, 10th Aug 2026 – Novarex Capital Partners has announced the successful completion of its initial funding round. The round raised five million pounds. 

The capital supports the working capital requirements of an SRA-regulated law firm engaged in the preparation of eligible claims. The firm operates in accordance with SRA standards and maintains professional indemnity insurance. 

Following the closure of the initial round, Novarex Capital Partners is advancing a second funding round. A further round is also planned. These subsequent rounds form part of the company’s ongoing capital programme. 

The completion of the first round represents a corporate milestone for Novarex Capital Partners. It enables continued support for the operational needs of the SRA-regulated law firm. The firm focuses on eligible claims that meet established criteria and maintains a pipeline of contracted work. Client money handling and case processes follow applicable regulatory standards. 

Novarex Capital Partners continues to develop its funding activities in a structured manner. The initial five-million-pound round has closed. Further rounds are being progressed in sequence as part of the company’s capital strategy. 

This announcement records a corporate fundraising development. It concerns the successful completion of an initial capital raise and the planned continuation of related funding activity by Novarex Capital Partners. 

The company maintains a measured approach to its capital programme. Each stage of funding is designed to align with operational requirements while adhering to relevant regulatory frameworks. The involvement of an SRA-regulated law firm provides a regulated environment for the underlying activities supported by the capital. 

Novarex Capital Partners has confirmed that the first round is fully closed. Work on the subsequent stages of the funding programme is underway. No further details on the structure or terms of future rounds are being released at this time.

Novarex Capital Partners is a London based, specialist introduction platform focused on private credit, litigation finance, and structured capital. We identify and introduce non-market-correlated opportunities to sophisticated investors seeking curated access to private markets. Our approach is grounded in clarity, control, and alignment with long-term investors seeking resilient performance across cycles.
 

Media Contact

Organization: Novarex Capital Partners

Contact Person: Jane Claude

Website: https://novarexcapital.com/

Email:
welcome@novarexcapital.com

Contact Number: +442045773888

Address:International House, 142 Cromwell Road, London, England, SW7 4EF

City: London

Country:United Kingdom

Release id:47878

The post Novarex Capital Partners Completes Initial Five Million Pound Funding Round appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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