Workflow
Freedom (FRHC)
icon
Search documents
Terra Clean Closes the Acquisition to Earn 100% Interest in the Prospector & Freedom Uranium Mines in Marysvale, Utah, United States
Globenewswire· 2026-02-18 12:30
Vancouver B.C., Feb. 18, 2026 (GLOBE NEWSWIRE) -- TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0), is pleased to announce that, further to its press release dated January 26, 2026, the Company has entered into a definitive agreement to acquire up to a 100% interest in the Prospector & Freedom Uranium Mines located in Marysvale, Utah.  As part of the initial earn-in, the Company will issue a total of 750,000 common shares to the Vendors (complete details of the earn-i ...
Truespeed and Freedom Fibre Announce Strategic Combination
Businesswire· 2026-02-11 17:00
Core Viewpoint - Truespeed Communications and Freedom Fibre have announced a strategic merger to create a capital-efficient full fibre platform, enhancing their position in the UK alternative network sector [1] Company Overview - Truespeed, founded in 2014, provides full fibre broadband with capabilities of up to 10 Gbps, focusing on hard-to-reach areas in the South-West and East of England [2] - Freedom Fibre operates as a full-fibre wholesaler in the North-West and West Midlands, known for its open-access network and partnerships with national providers [2] Merger Details - The merger will combine the businesses' complementary networks, resulting in a combined footprint of 412,000 premises ready for service and 70,000 customers [1] - Truespeed has previously merged with County Broadband in 2025, while Freedom Fibre merged with VX UK in 2024, showcasing a strong track record in M&A execution [1] Strategic Goals - The combined entity aims to scale efficiently, enhance service quality, and achieve sustainable growth, leveraging Truespeed's retail brand and Freedom Fibre's wholesale platform [1] - Long-term investors Aviva Investors, InfraBridge, and Equitix are backing the merger, indicating confidence in the combined business's potential [1] Leadership Comments - Nathan Vautier, proposed CEO of the merged group, emphasized the merger as a strategic step towards industry consolidation and growth [1] - Nelson Missier, proposed Chief Strategy & Commercial Officer, highlighted the merger as a logical next step to drive commercial growth and exceptional service [1] Market Position - The merger is expected to position the new entity to capitalize on UK market trends, improving performance prospects through enhanced operational depth and geographic reach [1]
Freedom Holding Corp. Reports Financial Results for the Nine Months and Quarter Ended December 31, 2025
Prnewswire· 2026-02-10 08:57
Core Viewpoint - Freedom Holding Corp. reported significant growth in assets, shareholders' equity, and customer base across its core business segments for the three and nine months ending December 31, 2025 [1]. Financial Performance - Total assets reached $12.38 billion, a 25% increase from $9.91 billion at the end of the previous fiscal year, driven by the expansion of the investment portfolio and increased client balances in brokerage accounts [2]. - Net cash provided by operating activities for the nine-month period was $1.73 billion, primarily due to growth in customer funds in brokerage accounts and a reduction in margin-related balances [2]. - Cash, cash equivalents, and restricted cash stood at $3.51 billion, up from $1.64 billion at the start of the financial year [3]. - Total revenue for the three months ending December 31, 2025, was $628.6 million, with a nine-month total of $1.69 billion, reflecting diverse revenue sources from brokerage, banking, and insurance segments [4]. - Total shareholders' equity increased to $1.40 billion from $1.21 billion at the end of the prior fiscal year, with net income for the third quarter at $76.2 million and diluted earnings per share (EPS) of $1.25 for the quarter and $2.38 for the nine-month period [8]. Customer Growth and Business Development - The number of banking customers rose from 2.5 million to 4.5 million over nine months, while the brokerage customer base grew by over 20%, supported by expanded digital offerings [5]. - The company has integrated traditional brokerage and banking with everyday consumer services, resulting in over 7 million customers using its platform, with plans for expansion into additional markets [7]. Business Model and Ecosystem - The diversified business model across financial, insurance, and technology segments has proven effective, with ongoing development of a financial and digital ecosystem [6]. - The SuperApp is the most downloaded application in Kazakhstan, indicating strong market presence and user engagement [7].
Freedom Holding Corp. Reports Third Quarter Fiscal Year 2026 Financial Results
Businesswire· 2026-02-09 21:45
diversified financial services holding company with a presence in 21 countries, today announced financial results for the second quarter of fiscal year 2026 ended September 30, 2025. Highlights during the three and six months ended September 30, 2025 include the following: Three months ended Six months ended September 30, 2025 Total revenue, net $526.1 million $1,060 million Income before income t...## Freedom Capital Markets Expands Platform with New Leadership, Research Analysts, and Sales ProfessionalsNE ...
Freedom (FRHC) - 2026 Q3 - Quarterly Report
2026-02-09 21:25
Customer Growth and Banking Operations - As of December 31, 2025, the number of banking customers increased to 4,471,000 from 2,515,000 as of March 31, 2025, representing a growth of 77.5%[215] - The loan portfolio of Freedom Bank KZ increased by 23% and the deposit portfolio increased by 30% compared to March 31, 2025[223] - Freedom Bank KZ's total assets increased by 13% as of December 31, 2025, compared to the previous reporting period[223] - The banking segment is considering expansion into other jurisdictions, contingent upon market conditions and regulatory approvals[222] - Total assets increased to $12.4 billion as of December 31, 2025, up from $9.9 billion as of March 31, 2025[250] Insurance Operations - Freedom Life had 329,167 active contracts as of December 31, 2025, down from 1,038,516 active contracts as of March 31, 2025, due to regulatory changes affecting new business volumes[226] - Freedom Insurance saw an increase in active contracts to 1,383,501 as of December 31, 2025, up from 824,838 as of March 31, 2025, reflecting a growth of 67.5%[227] - Insurance premiums earned, net of reinsurance, decreased by 40% to $106.9 million for the three months ended December 31, 2025, compared to $177.5 million for the same period in 2024[252] - Insurance premiums earned, net of reinsurance, amounted to $385.4 million, a decrease of $81.8 million or 18% compared to $467.2 million for the same period in 2024[329][330] - Insurance claims incurred, net of reinsurance, decreased by $26.6 million or 25% to $77.9 million for the three months ended December 31, 2025[295] Financial Performance - Total revenues for the three months ended December 31, 2025, were $628.6 million, a decrease of 5% from $664.6 million for the same period in 2024[248] - Net income for the three months ended December 31, 2025, was $76.2 million, compared to $78.1 million for the same period in 2024[249] - Total revenue for the nine months ended December 31, 2025, was $1,688.2 million, reflecting a decrease of $17.6 million or 1% compared to $1,705.7 million for the same period in 2024[309] - For the nine months ended December 31, 2025, net income decreased by 36% to $145.4 million compared to $226.9 million for the same period in 2024[357] Revenue and Expense Trends - Fee and commission income decreased by 12% to $126.1 million for the three months ended December 31, 2025, compared to $143.4 million for the same period in 2024[255] - Total expenses for the three months ended December 31, 2025, were $534.7 million, a decrease of $31.6 million or 6% compared to $566.3 million for the same period in 2024[280] - Total expenses for the nine months ended December 31, 2025, were $1.49 billion, an increase of $55.9 million or 4% compared to $1.44 billion for the same period in 2024[334] - Interest expense decreased to $343.6 million, a reduction of $57.9 million or 14% compared to $401.5 million for the same period in 2024[340] Market Expansion and Strategic Initiatives - The company received a brokerage license in the UAE on December 29, 2025, and is in the process of obtaining a license to provide brokerage services in Turkey[216] - The company is expanding into the telecommunications market in Kazakhstan, aiming to provide a range of services including high-quality internet and cloud solutions[240] - A non-binding arrangement was established with the Kazakhstan Ministry of Artificial Intelligence and Digital Development for a potential $2 billion Sovereign AI Hub[241] - The company plans significant capital expenditures for its telecommunications expansion through Freedom Telecom, with commitments amounting to $112.3 million as of December 31, 2025[396][1] Employee and Operational Metrics - As of December 31, 2025, Freedom Holding Corp. had 11,311 employees and 233 offices across various regions[210] - Payroll and bonuses expense increased by $46.7 million or 60% to $124.1 million for the three months ended December 31, 2025, driven by workforce expansion and higher salary amounts[297] - General and administrative expenses rose by $17.5 million or 33% to $71.4 million for the three months ended December 31, 2025, due to increased operating expenses and business expansion[301] Stock and Market Performance - The company's common stock was included in the Russell 3000® Index during the first quarter of fiscal 2026[212] - S&P Global Ratings revised its outlook to positive for several subsidiaries, reflecting achievements in risk management and compliance[243]
Freedom Financial Holdings Announces Results for Fourth Quarter and Full Year of 2025
Prnewswire· 2026-01-30 13:30
Core Insights - Freedom Financial Holdings reported a net loss of $3,567,973 or $0.50 per diluted share for Q4 2025, a significant decline from a net income of $1,122,930 or $0.16 per diluted share in Q3 2025 and $1,156,906 or $0.16 per diluted share in Q4 2024 [1][6] - For the full year 2025, the company achieved a net income of $374,197 or $0.05 per diluted share, down from $4,710,286 or $0.64 per diluted share in 2024 [1][6] Financial Performance - The bank's pre-provision, pre-tax income (PPNR) for Q4 2025 was $2.2 million, an increase of 84.4% from Q4 2024 and 22.6% from Q3 2025 [2] - Total revenue for the full year 2025 increased by 9.51% compared to 2024, primarily due to net interest margin expansion related to lower funding costs [9] Net Interest Income - Net interest income for Q4 2025 was $6.70 million, a decrease of 0.77% from Q3 2025 but an increase of 4.3% from Q4 2024 [4] - The net interest margin for Q4 2025 was 2.70%, up 4 basis points from Q3 2025 and 26 basis points from Q4 2024 [4] Asset Quality - Non-accrual loans increased to $26,767,487 or 3.51% of loans held-for-investment, up from 2.30% in the previous quarter, primarily due to one large syndicated loan [12] - The ratio of the allowance for credit losses to loans held-for-investment was 1.82% as of December 31, 2025, compared to 0.85% in the prior year [13] Deposits and Borrowings - Total deposits increased by $59.2 million or 6.93% in Q4 2025, with non-interest-bearing demand deposits rising to 16.3% of total deposits [14] - Borrowings decreased by $25 million during the quarter, reflecting a shift towards core deposits [20] Capital and Equity - The bank's Total Risk Based Capital ratio increased to 15.08% at year-end 2025, compared to 14.35% at the end of 2024 [2][16] - Stockholders' equity as of December 31, 2025, was $84.34 million, a decrease from $87.19 million at the end of Q3 2025 [15] Share Buyback Program - The company repurchased 29,400 shares in Q4 2025 and a total of 207,092 shares for the full year at an average price of $10.51 per share [17]
Freedom Bank Appoints Joe Daniel as SVP and Director of Sales & Marketing
Prnewswire· 2026-01-28 22:24
Seasoned Sales and Marketing Leader Joins Freedom Bank to Accelerate Next Phase of Growth FAIRFAX, Va., Jan. 28, 2026 /PRNewswire/ -- Freedom Financial Holdings, Inc. (OTCQX: FDVA) today announced the appointment of Joe Daniel as Senior Vice President and Director of Sales & Marketing of the Freedom Bank of Virginia. In his new role, Joe will lead the bank's strategic focus on expanding client relationships across all lines of business and oversee sales execution, marketing strategy, digital engagement, an ...
Black Music Action Coalition, Student Freedom Initiative, with Live Nation Urban, Launch Paid Live Music Accelerator for HBCU Students at HBCU AWAREFEST
Businesswire· 2026-01-27 14:53
BMAC's efforts and impact, visit [www.bmacoalition.org/impact-reports].About Live Nation UrbanLive Nation Urban (LNU) remains North America's preeminent producer of concert experiences, festivals, and platforms headlined, curated, and owned by Black talent. Operating in partnership with Live Nation Entertainment, the world's leading live entertainment company, the company sets the tone for culture with over a dozen sought-after festival brands such as The Roots Picnic, Broccoli City, Exodus Music & Arts Fes ...
Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in The Prospector Freedom Mines Project in Marysvale, Utah, United States
Globenewswire· 2026-01-26 12:30
Core Viewpoint - Terra Clean Energy Corp. is set to acquire up to a 100% interest in the Freedom & Prospector Mines Project, which includes 6 unpatented Lode Mining Claims covering 39.5 hectares in a historic uranium mining district [1][3]. Transaction Highlights - The acquisition involves a staged earn-in structure, requiring cash payments, share issuances, and exploration expenditures to gradually increase ownership from 20% to 100% [14]. - The project is located in Piute County, Utah, near the Fishlake National Forest, with good access to infrastructure [5][8]. Rationale Behind the Acquisition - Historical production from the Marysvale district recorded over 1.33 million pounds of U3O8, with over 75% sourced from the Freedom and Prospector Mines [3][8]. - The mines were abandoned in the 1970s due to a market collapse rather than depletion of resources, indicating potential for future exploration [4][3]. - Modern exploration technologies, such as 3D modeling, are expected to enhance resource identification and extraction [4]. Project Overview - The project consists of 6 contiguous claims with a history of uranium production, situated in a favorable location with access to roads, power, and water [5][8]. - The area features nearly vertical fissure veins and is characterized as an epithermal vein-style uranium system [7]. Government and Market Context - Uranium has been added to the U.S. List of Critical Minerals, which may facilitate permitting and access to federal funding for uranium projects [8]. - There is strong government support for nuclear power and uranium mining, aiming to reduce reliance on foreign nuclear fuel [8]. Exploration Potential - Preliminary assessments indicate significant remaining ore and resource potential on the property, with plans for further exploration and data acquisition [9]. - The company aims to utilize both air and ground-based radiometric surveys to develop an updated structural model for efficient drilling [9]. Marketing Agreements - Terra has engaged Ares Capital Markets Group for marketing services, with an upfront payment of USD 100,000 for a three-month period [18][19]. - Additionally, an agreement with Aktien Check for European marketing activities has been established, with a payment of 25,000 Euros for one month of services [21]. Company Background - Terra Clean Energy is a Canadian-based uranium exploration and development company, also involved in developing the South Falcon East uranium project in Saskatchewan, Canada [23].
This $25 Dividend Stock Could Be Your Ticket to Financial Freedom
The Motley Fool· 2026-01-26 09:30
Core Viewpoint - VICI Properties offers a high dividend yield, currently over 6%, which is significantly above the S&P 500 average of 1.2%, making it an attractive option for passive income investors [1]. Group 1: Dividend Stability and Growth - VICI Properties owns a diverse portfolio of experiential real estate, including casinos and entertainment complexes, and leases these properties under long-term, triple-net leases, ensuring stable cash flows [2]. - The company pays out approximately 75% of its stable cash flow in dividends, with a history of increasing its dividend for eight consecutive years at a compound annual growth rate of 6.6%, outpacing the 2.3% average of other NNN-focused REITs [5]. Group 2: Investment Strategy and Growth Potential - VICI Properties engages in sale-leaseback transactions, recently completing a $1.2 billion acquisition of seven gaming properties, which enhances its cash flow to support dividend payments [3]. - The company has a significant total addressable market opportunity exceeding $400 billion for U.S. gaming properties, positioning it for continued growth and the ability to increase dividends [6].