Core Points - Aerial Titans announces sponsorship of NASCAR driver Josh Reaume, who will drive the 2 Aerial Titans "Freedom Flyer" Ford at Talladega on October 17, 2025, honoring American workers [1][5] - The partnership between Aerial Titans and Reaume Brothers Racing (RBR) reflects their shared history of building their businesses from the ground up to compete with larger firms [2][5] - Josh Reaume expresses pride in the partnership, highlighting the importance of Aerial Titans' equipment in NASCAR and their support for the racing community [3][5] Company Overview - Aerial Titans is one of the largest aerial equipment dealers in North America, specializing in new and used aerial work platforms and material handling equipment since 2012 [6][7] - The company provides a full range of services including logistics, financing, equipment repair, parts, and warranty services to major equipment and fleet companies [6][7] - Aerial Titans is an authorized dealer for several prominent brands, offering extensive inventory and competitive financing options [7] Reaume Brothers Racing Overview - Reaume Brothers Racing is entering its eighth season in the NASCAR Craftsman Truck Series, fielding multiple Ford F-150 entries [8] - The team is recognized for its diversity, having provided over 40 drivers their debut in NASCAR's top divisions and representing various nationalities [8][9] - RBR focuses on building a culture of competitiveness and teamwork while inspiring positive change in the community [9]

New York, New York, USA, Oct. 14, 2025 (GLOBE NEWSWIRE) -- The Motley Fool has added shares of Freedom Holding Corp. (NASDAQ: FRHC), a diversified financial services and technology group, to its flagship model investment portfolio, the TMF Moneyball Portfolio. The Moneyball Portfolio is an intelligent investment system developed by The Motley Fool and based on artificial intelligence and the company’s proprietary database. The system analyzes thousands of publicly traded companies using criteria such as inn ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Since March 2021, when I first initiated my "Buy" investment rating on Freedom Holding Corp. (NASDAQ: FRHC ) here on Seeking Alpha, the stock has been up by 228%, beating the S&P 500He leads the investing group Beyond the Wall Investing with features ...

FORT WORTH, Texas--(BUSINESS WIRE)--GM Financial recently won the 2025 Secretary of Defense Employer Support Freedom Award, the highest recognition given by the U.S. government to employers who demonstrate exceptional support for their National Guard and Reserve employees. GM Financial is one of 15 recipients, out of over 1700 nominations nationwide, to receive the award. As a recipient of the Employer Support Freedom Award, GM Financial was recognized for going beyond workplace requirements to. ...

Group 1 - The article promotes a portfolio strategy that generates income without the need for selling assets, aiming to simplify retirement investing [1] - The service offers features such as model portfolios with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and dividend and portfolio trackers [2] - The philosophy of the service emphasizes community and education, advocating that investors should not navigate the market alone [2] Group 2 - The article mentions that the service closely monitors all positions and provides exclusive Buy and Sell alerts to its members [4] - It highlights the involvement of various contributors who support the service, indicating a collaborative approach to investment recommendations [4]

Core Viewpoint - BlackRock, Inc. has increased its stake in Freedom Holding Corp. to 0.85%, investing approximately $89 million, making it the second-largest shareholder after founder Timur Turlov [1][2][3] Group 1: Investment Details - BlackRock acquired an additional 443,965 shares, raising its total holdings to 520,565 shares [2] - The investment by BlackRock reflects growing interest from global institutional investors in Freedom Holding Corp. [3] Group 2: Company Overview - Freedom Holding Corp. operates in 22 countries, including Kazakhstan, the United States, and several European nations, providing a range of financial services [4] - The company is actively developing its financial and digital ecosystem in Kazakhstan, which includes various subsidiaries such as Freedom Bank and Freedom Broker [4] - Freedom Holding Corp. is listed on NASDAQ, Kazakhstan Stock Exchange, and Astana International Exchange under the ticker symbol FRHC [4]

Core Insights - BlackRock, Inc. has increased its stake in Freedom Holding Corp. to 0.85%, investing approximately $89 million, making it the second-largest shareholder after founder and CEO Timur Turlov [1][2] - BlackRock acquired an additional 443,965 shares, bringing its total holdings to 520,565 shares [2] - The presence of BlackRock and other institutional investors indicates the resilience and strategic potential of Freedom Holding in international markets [3] Company Overview - Freedom Holding Corp. operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia [4] - The company is developing a financial and digital ecosystem in Kazakhstan, which includes Freedom Bank, Freedom Broker, and various insurance companies [4] - Freedom Holding Corp. is listed on NASDAQ, Kazakhstan Stock Exchange (KASE), and Astana International Exchange (AIX) under the ticker symbol FRHC [4]

Group 1 - The article promotes a portfolio strategy that generates income without the need for selling assets, aiming to simplify retirement investing [1] - It emphasizes the importance of community and education in investing, suggesting that individuals should not invest alone [2] - The service offers features such as model portfolios, buy/sell alerts, and regular market updates to support investors [2] Group 2 - The article mentions the involvement of various contributors who provide insights and recommendations, indicating a collaborative approach to investment strategies [4] - It highlights the monitoring of positions and the issuance of alerts for buy and sell recommendations, which are exclusive to members [4] - The article includes a disclosure about the analysts' positions in certain stocks, indicating a beneficial long position in SLRC and ET [3]

Core Insights - Freedom Holding Corp. reported a 17% year-over-year increase in revenue for Q1 FY2026, reaching $533.4 million, indicating strong momentum across its diversified business model [1][9] - The CEO emphasized ongoing investments in technology and market expansion, particularly in Central Asia and Europe [1] Financial Highlights - Banking segment revenue increased by 60% to $146.2 million, with Freedom Bank Kazakhstan's customer base growing from 2.5 million to 2.9 million [2] - Insurance segment revenue surged by 18% to $174 million, with net insurance premiums earned reaching $153.3 million and a client base of 1.4 million [2] - Brokerage segment revenue amounted to $176.3 million, marking a 1% year-over-year increase, with brokerage accounts rising from 683,000 to 725,000 [3] - Business units contributed $36.9 million in revenue, driven by growth in Arbuz.kz, Freedom Ticketon, Aviata, and Freedom Telecom [3] Trading and Investment Performance - Net gain on trading securities was $45.6 million, a significant recovery from a net loss of $52.1 million in the same period of 2024, primarily due to increased market value of Kazakhstan government bonds [4] Cost Dynamics and Strategic Investments - Total expenses for the quarter were $492.9 million, with significant components including $113.4 million in interest expense and $93.1 million in payroll and bonuses [6] - The acquisition of Astel Group Ltd was completed, enhancing the telecom infrastructure under the Freedom Telecom brand [5] Profitability and Balance Sheet - The company maintained a net profit of $30.4 million, with diluted earnings per share (EPS) of $0.50 despite higher costs and foreign exchange challenges [7] - Total assets reached $9.69 billion, with shareholders' equity at $1.23 billion [9][10]

[PART I — FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The unaudited condensed consolidated financial statements for Q2 2025 present the company's financial position, operations, and cash flows, noting a decrease in total assets and net income [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$9.69 billion** as of June 30, 2025, driven by lower cash and receivables, while total shareholders' equity increased to **$1.23 billion** Condensed Consolidated Balance Sheet Highlights (in thousands USD) | Account | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | **Total Assets** | **$9,689,753** | **$9,914,017** | | Cash and cash equivalents | $567,907 | $837,302 | | Investment securities | $2,796,881 | $2,814,733 | | Margin lending, brokerage and other receivables, net | $2,896,713 | $3,319,145 | | Loans issued | $1,749,402 | $1,595,435 | | **Total Liabilities** | **$8,460,694** | **$8,699,659** | | Securities repurchase agreement obligations | $1,070,787 | $1,418,443 | | Customer liabilities | $4,446,747 | $4,304,999 | | Debt securities issued | $670,125 | $469,551 | | **Total Shareholders' Equity** | **$1,229,059** | **$1,214,358** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended June 30, 2025, total net revenue increased to **$533.4 million**, primarily due to a gain on trading securities, while net income decreased to **$30.4 million** due to higher operating expenses Statement of Operations Summary (in thousands USD, except EPS) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Total Revenue, Net** | **$533,423** | **$454,999** | | Fee and commission income | $107,642 | $115,489 | | Net gain/(loss) on trading securities | $45,602 | $(52,102) | | Interest income | $198,571 | $226,004 | | Insurance premiums earned, net | $153,257 | $129,408 | | **Total Expense** | **$492,908** | **$413,401** | | Interest expense | $113,410 | $145,718 | | Payroll and bonuses | $93,101 | $57,524 | | **Net Income** | **$30,396** | **$34,259** | | **Diluted EPS (USD)** | **$0.50** | **$0.57** | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased to **$480.8 million** for the three months ended June 30, 2025, while net cash used in investing activities significantly increased to **$505.5 million** Cash Flow Summary (in thousands USD) | Cash Flow Activity | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash flows from operating activities | $480,831 | $854,066 | | Net cash flows used in investing activities | $(505,516) | $(94,685) | | Net cash flows from financing activities | $123,381 | $245,534 | | **Net Change in Cash, Cash Equivalents and Restricted Cash** | **$24,096** | **$890,467** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, business segments, investment concentrations in Kazakhstan sovereign debt, loan portfolio specifics, and the acquisition of Astel Group Ltd., alongside related party transactions - The company operates through four main segments: Brokerage, Banking, Insurance, and Other, with a significant presence in Kazakhstan and expanding into telecommunications and media[15](index=15&type=chunk)[16](index=16&type=chunk)[18](index=18&type=chunk) - As of June 30, 2025, the Group held significant concentrations in debt securities from two issuers: the Ministry of Finance of the Republic of Kazakhstan (**$1.55 billion**) and the Kazakhstan Sustainability Fund JSC (**$477 million**)[58](index=58&type=chunk) - On April 30, 2025, the company acquired 100% of Astel Group Ltd., a Kazakh telecom operator, for a total purchase price of **$22.3 million**, recognizing **$1.74 million** in goodwill[148](index=148&type=chunk)[149](index=149&type=chunk) - The company has significant related party transactions, including purchasing uncollateralized retail loans from FFIN Credit, a company controlled by CEO Timur Turlov, and providing credit risk insurance to the same entity[132](index=132&type=chunk)[136](index=136&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=62&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's discussion highlights a **17% revenue growth** driven by trading gains and insurance premiums, offset by a **19% expense increase** leading to a net income decrease, alongside strategic expansion into telecommunications Financial Highlights for Q1 FY2026 (Three months ended June 30, 2025) | Metric | Q1 FY2026 | Q1 FY2025 | Change | | :--- | :--- | :--- | :--- | | Total Revenue, Net | $533.4M | $455.0M | +17% | | Total Expense | $492.9M | $413.4M | +19% | | Net Income | $30.4M | $34.3M | -11% | - The company is expanding its digital fintech ecosystem by entering the telecommunications market in Kazakhstan through its subsidiary Freedom Telecom, which recently acquired Astel Group Ltd[217](index=217&type=chunk)[218](index=218&type=chunk) Customer Growth | Segment | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | Brokerage | 725,000 | 683,000 | | Banking | 2,927,000 | 2,515,000 | | Insurance | 1,396,000 | 1,170,000 | [Qualitative and Quantitative Disclosures About Market Risk](index=87&type=section&id=Item%203.%20Qualitative%20and%20Quantitative%20Disclosures%20About%20Market%20Risk) The company faces significant market risks including interest rate, foreign currency, and credit risk, with a hypothetical interest rate increase impacting the trading portfolio by **$91.0 million** and substantial margin lending receivables - A hypothetical increase in interest rates (200 bps for non-USD/EUR, 50 bps for USD/EUR) would result in a **$91.0 million** decline in the fair market value of the trading portfolio as of June 30, 2025[342](index=342&type=chunk) - The company has significant foreign currency exchange risk, particularly with the Kazakhstan tenge, where a **10% adverse change** in the USD relative to other currencies would result in a total loss of **$147.4 million** as of June 30, 2025[343](index=343&type=chunk)[346](index=346&type=chunk)[354](index=354&type=chunk) - Credit risk from margin lending is substantial, with **$2.86 billion** in receivables as of June 30, 2025, of which three non-related party customers accounted for **$1.40 billion**[351](index=351&type=chunk) [Controls and Procedures](index=91&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that as of June 30, 2025, the company's disclosure controls and procedures were effective[370](index=370&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal controls[371](index=371&type=chunk) [PART II — OTHER INFORMATION](index=92&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=92&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in an arbitration case with Einride AB regarding a **$10 million** convertible debenture, with a final award expected in May 2026, while other legal matters are routine - Einride AB filed an arbitration claim against the company for an alleged failure to pay a **$10,000** subscription for a convertible debenture, which the company contests, with a final award scheduled for May 2026[153](index=153&type=chunk)[373](index=373&type=chunk) [Risk Factors](index=92&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, were reported - No material changes from the risk factors disclosed in the 2025 Form 10-K were reported as of June 30, 2025[374](index=374&type=chunk) [Exhibits](index=92&type=section&id=Item%206.%20Exhibits) The report includes various exhibits, such as bond program prospectuses, recent bond offering terms, and CEO/CFO certifications, as required by regulations - Exhibits filed with the report include details on the **$1 billion** bond program, recent bond offerings in May 2025, and certifications from the CEO and CFO[376](index=376&type=chunk)