Core Insights - Freedom Financial Holdings, Inc. has appointed Pierre A. Abushacra to the Board of Directors of Freedom Bank of Virginia, effective immediately, bringing extensive operating experience and a commitment to innovation and community engagement [1][3] Company Overview - Freedom Bank of Virginia is a next-generation community bank focused on empowering clients through innovative business, commercial, personal, and mortgage banking solutions, with locations in Chantilly, Fairfax, Manassas, Reston, Tysons, and Vienna [4] Board Composition - Pierre A. Abushacra is the Founder of Kapa Capital, specializing in commercial real estate, and has a background in community banking from his previous board service at Bay Bank [2][3] - The addition of Mr. Abushacra is seen as a complement to the existing board members, enhancing the bank's ability to navigate the challenges and opportunities in the independent banking sector [3] Leadership and Vision - Mr. Abushacra expressed his honor in joining the board and highlighted his admiration for Freedom Bank's local leadership and commitment to client relationships, indicating a focus on collaboration for future success [4]

Core Insights - Inter Miami CF has renewed and expanded its partnership with Lowe's, elevating Lowe's to a Main Partner status, coinciding with the club's recent success in winning the 2025 MLS Cup and the upcoming opening of Miami Freedom Park in 2026 [1][2][6] Partnership Details - Lowe's will serve as the Official Jersey Sleeve Partner for Inter Miami CF's First Team, MLS Next Pro team, and Academy teams, enhancing its visibility across the club's player pathway [2] - As a Founding Partner of Miami Freedom Park, Lowe's will support construction efforts, providing home improvement resources for various development needs, including the stadium and surrounding areas [3] Community Engagement - Lowe's is the presenting partner of the Dreams Cup, a youth fútbol event, emphasizing its commitment to supporting young athletes and community initiatives [4] - The partnership will continue to include community events, on-site activations, and digital integrations to engage fans and the South Florida community [5] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 100 home improvement company with over $83 billion in sales for fiscal year 2024, serving approximately 16 million customer transactions weekly [8][9] - The company operates more than 1,700 home improvement stores and is committed to community support through various programs [9] Inter Miami CF Overview - Inter Miami CF is a professional fútbol club that has won four major titles in six seasons, including the 2025 MLS Cup, and is preparing for its seventh season in 2026 with the opening of Miami Freedom Park [10] - Miami Freedom Park is a significant mixed-use development spanning 131 acres, featuring a 25,000-seat stadium and various amenities, set to open in phases starting in 2026 [11]

Core Insights - Freedom Bank Kazakhstan has launched an embedded eSIM miniapp within its SuperApp, allowing users to purchase, activate, and manage international mobile data plans directly through their banking interface [1][2] - This initiative is part of Freedom Bank's strategy to transform its SuperApp into a comprehensive lifestyle platform, integrating telecommunications capabilities to enhance user experience for travelers [2][3] Company Strategy - The integration of eSIM services aims to eliminate the challenges associated with traditional roaming and physical SIM cards, catering to both business and leisure travelers [2][3] - Freedom Bank has established itself as an innovator in the region, previously launching fully digital mortgages and investment-based cashback programs [3] Technical Infrastructure - The technical execution of the eSIM miniapp is powered by Boxo's superapp SDK, which facilitates the embedding of third-party miniapps, managing backend complexities such as carrier provisioning and global telecom partnerships [4][5] - Boxo's infrastructure allows Freedom Bank to rapidly deploy new services, enhancing the overall functionality of its digital ecosystem [4][5] Market Position - Freedom Bank is part of Freedom Holding Corp., a diversified financial group operating in 22 countries, with a digital ecosystem that includes banking, insurance, and marketplaces [5]

Core Insights - Freedom Holding Corp. has published its annual Sustainability Report for the 2025 financial year, highlighting significant contributions to social, educational, sports, and environmental projects, with total ESG-oriented investments amounting to 27.87 billion tenge (USD 57.6 million) [1][4]. Investment Areas - The company allocated 1.32 billion tenge (USD 2.73 million) for the construction of a new artificial intelligence facility at SDU University, focusing on fintech, AI, and digital technologies [5]. - An additional 62.77 million tenge (USD 0.13 million) was invested in the Freedom Fintech Bootcamp program, aimed at training specialists in Data Science and Machine Learning [6]. - A total of 1.86 billion tenge (USD 3.84 million) was dedicated to hosting the ICPC World Finals 2024 in Kazakhstan, enhancing the country's technological profile [6]. Sports and Healthy Lifestyles - Freedom Holding Corp. invested 1.28 billion tenge (USD 2.64 million) in the construction of the Freedom Yelimay football complex in Semey, and 795 million tenge (USD 1.64 million) for a sports complex for people with disabilities in Oral [8]. Social and Infrastructure Projects - The company allocated 2.9 billion tenge (USD 5.99 million) to assist flood victims in western Kazakhstan, including restoration of vital facilities and construction of protective dams [9]. - In the cultural sector, 336 million tenge (USD 0.69 million) was allocated for the reconstruction of the Abai State Opera and Ballet Theatre [9]. Environmental Projects - Freedom Holding Corp. allocated 149.91 million tenge (USD 0.31 million) for the construction of the Kazakhstan Pavilion at COP29 and signed agreements for biodiversity conservation [10][13]. - Long-term environmental initiatives include 200 million tenge (USD 0.41 million) dedicated to promoting sustainable technologies and supporting the restoration of the Aral Sea ecosystem [11]. Team Development - The company reports that 95% of its employees are based in Kazakhstan, with a 56% increase in specialists under the age of 30 and an almost perfect gender balance [12]. Strategic Achievements - Major strategic achievements include the opening of the UN Regional Office for the Sustainable Development Goals in Central Asia and participation in COP29, resulting in significant ESG agreements [13][14].

Core Insights - LanzaTech Global, Inc. celebrates the successful operation of LanzaJet's Freedom Pines Fuels facility, marking the first commercial-scale production of jet fuel from ethanol, a significant milestone in sustainable aviation fuel development [1][5] Company Overview - LanzaTech is a leader in industrial carbon recycling, transforming industrial emissions and waste into recycled carbon ethanol through proprietary bio-fermentation technology [7] - The company operates commercially at six assets, contributing to a circular carbon economy by reducing the carbon footprint of hard-to-abate sectors [7] Strategic Developments - LanzaTech strategically spun out LanzaJet to accelerate the development and commercialization of ethanol-to-jet technology, positioning it for faster growth and market entry [2] - The successful conversion of ethanol into jet fuel opens new market opportunities, potentially capturing a significant share of the aviation fuel market, which is valued in the hundreds of billions of dollars globally [5] Technological Advancements - The facility in Georgia demonstrates that ethanol can be converted into jet fuel at a commercial scale, utilizing various domestic and recycled carbon feedstocks, including waste industrial gases and agricultural residues [3][4] - The technology developed by LanzaTech has been validated through years of research and collaboration, leading to the first commercial sustainable aviation fuel flights in 2018 and 2019 [5] Market Potential - The use of local resources and ethanol as a platform molecule allows for the conversion of carbon waste into various fuels, enhancing local energy security and creating self-sufficient fuel solutions [4] - The approach not only supports the aviation sector but also has implications for marine and heavy-duty transport, promoting cleaner energy solutions globally [4]

Core Insights - Freedom Holding Corp has signed an agreement with Kazakhstan's Ministry of Artificial Intelligence and Digital Development to establish a $2 billion "Sovereign AI Hub" in Kazakhstan, aiming to create one of the largest dedicated AI facilities in the region [1][4] - The project will utilize Nvidia's exascale AI infrastructure and is intended to enhance Kazakhstan's local AI capabilities and attract workloads from Central Asia [1][3] Group 1: Project Details - The hub will be located in Kazakhstan and will have access to 100 megawatts of power, classifying it as a hyperscale data center [2] - Freedom will serve as the principal financing and implementation partner for the project, although specific details regarding the timeline, financing breakdown, and procurement have not been disclosed [3] Group 2: Strategic Importance - The initiative aligns with global trends where governments are seeking to maintain "sovereign" AI capabilities to keep data and model training within national borders while leveraging global technology ecosystems [4] - The establishment of the hub is expected to strengthen Kazakhstan's competitiveness, enhance AI expertise, and support long-term growth in digital industries [5]

Core Insights - Freedom Holding Corp. reported total revenue of USD 1.06 billion for the first half of FY26, showing a slight increase from USD 1.04 billion in the same period last year [1] Financial Performance - The company demonstrated sustainable business development during the first half of FY26 [1] - Asset growth and stable liquidity were highlighted as key aspects of the company's performance [1]

Core Insights - Freedom Holding Corp. reported total revenue of $526.1 million for Q2 FY 2026, a decrease from $586.1 million in the same quarter last year, primarily due to a decline in insurance premiums and lower net gains on trading securities [5][9] - The company achieved a net income of $38.7 million for Q2 FY 2026, down from $114.5 million in the previous year, with basic and diluted earnings per share at $0.65 and $0.63 respectively [9][16] - As of September 30, 2025, the company had total assets of $10.3 billion and shareholders' equity of $1.2 billion, with cash and cash equivalents totaling $4.5 billion [22][23] Financial Performance - For the six months ended September 30, 2025, total revenue was $1,060 million, compared to $1,041 million for the same period last year, driven by higher fee and commission revenue and net gains on trading securities [11][12] - Fee and commission income for Q2 FY 2026 rose to $132.2 million from $121.1 million, mainly due to increased brokerage services and agency fees [6][12] - The net gain on trading securities for Q2 FY 2026 was $37.1 million, down from $68.3 million, attributed to the sale of Kazakhstani corporate debts [7][9] Operational Highlights - The customer base grew to 6.2 million as of September 30, 2025, reflecting growth across all major segments [2][4] - The company is focused on creating a technology-driven ecosystem that integrates various financial services, which requires disciplined spending for future scalability and efficiency [2][3] - S&P upgraded the ratings for Freedom Life, validating the company's approach to building long-term value and financial strength [3][4] Expense Overview - Total expenses for Q2 FY 2026 were approximately $465.6 million, an increase from $457.7 million, driven by higher payroll, insurance claims, and professional services [9][15] - The company reported a net loss on derivatives of $3.2 million for Q2 FY 2026, compared to a net gain of $6.3 million in the previous year [8][9] Balance Sheet Strength - As of September 30, 2025, the company had cash and cash equivalents of $635.975 million, restricted cash of $1.312 billion, and investment securities totaling $2.511 billion [22] - Total liabilities stood at $9.128 billion, with customer liabilities increasing to $5.759 billion [23]

Customer Growth - As of September 30, 2025, the number of banking customers increased to 3,617,000 from 2,515,000 as of March 31, 2025, representing a growth of 43.8%[204] - The number of retail brokerage customers rose to approximately 776,000 as of September 30, 2025, compared to approximately 683,000 as of March 31, 2025[238] - Freedom Life had 488,876 active contracts as of September 30, 2025, down from 1,038,516 active contracts as of March 31, 2025, due to regulatory changes affecting new business volumes[215] - Freedom Insurance saw an increase in active contracts to 1,388,832 as of September 30, 2025, up from 824,838 as of March 31, 2025[216] Financial Performance - Total revenues for the three months ended September 30, 2025, were $526.1 million, a decrease of $60.0 million or 10% compared to $586.1 million for the same period in 2024[235] - Net income for the three months ended September 30, 2025, was $38.7 million, down from $114.5 million in the same period of 2024[236] - Total assets increased to $10.3 billion as of September 30, 2025, from $9.9 billion as of March 31, 2025[237] - For the three months ended September 30, 2025, the company reported a net income of $38.7 million, a decrease of 66% compared to $114.5 million for the same period in 2024[294] Revenue Breakdown - Fee and commission income for the three months ended September 30, 2025, was $132.2 million, an increase of $11.2 million or 9% compared to $121.1 million for the same period in 2024[240] - Brokerage services generated $137.6 million in fee and commission income, a 28% increase from $107.4 million in the prior year, driven by an increase in retail brokerage customers from 555,000 to 776,000[248] - Interest income for the three months ended September 30, 2025, was $211.7 million, a slight increase of 1% compared to $210.3 million in 2024, primarily due to a 78% increase in interest income on margin loans to customers[255] - Insurance premiums earned, net of reinsurance, decreased by $35.1 million or 22% to $125.2 million for the three months ended September 30, 2025, compared to $160.3 million in 2024[240] Expenses and Losses - Total expenses for the three months ended September 30, 2025, were $465.6 million, a slight increase of $8.0 million or 2% compared to $457.7 million for the same period in 2024[265] - Payroll and bonuses expense rose to $93.1 million, an increase of $26.9 million or 41% compared to $66.2 million in Q3 2024, attributed to workforce expansion and higher salary amounts[286] - Insurance claims incurred, net of reinsurance, increased by $13.2 million, or 20%, to $79.9 million in Q3 2025, mainly due to a $19.6 million rise in claims paid for compulsory motor third-party liability[284] - The provision for expected credit losses was $11.9 million in Q3 2025, up from $10.4 million in Q3 2024, reflecting a deterioration in macroeconomic conditions[291] Market Expansion - The company aims to expand its banking segment by establishing a bank in Georgia, pending regulatory approvals[211] - The company is expanding into the telecommunications market in Kazakhstan through its subsidiary Freedom Telecom, aiming to provide a range of telecommunications services[228] - Freedom Media was established as a subsidiary of Freedom Telecom to become a national media platform in Kazakhstan, targeting the Central Asia market[229] Regulatory and Compliance - S&P Global Ratings revised its outlook to positive from stable for several subsidiaries, reflecting achievements in risk management and compliance[230] - The company is in the process of obtaining a license to provide brokerage services in Turkey following regulatory approval[205] Capital Expenditures - Capital expenditures for the telecommunications expansion in Kazakhstan are expected to be significant, with a $200 million domestic bond placement completed on December 19, 2023, to finance these expenditures[384] - As of September 30, 2025, capital expenditure commitments related to telecommunications equipment and software amounted to $116.8 million[385] - Total capital expenditures for the newly established subsidiary Freedom Media in Kazakhstan reached $16.5 million as of September 30, 2025[386] Dividend Policy - The company does not anticipate paying any cash dividends on common stock in the foreseeable future, as future earnings will be retained for business development and expansion[387] - No cash dividends were declared or paid during the three months ended September 30, 2025[388] - Future cash dividend payments will depend on operational results, earnings, capital requirements, and other relevant factors[389]

Core Insights - Freedom Holding Corp. has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of Kazakhstan to develop a $2 billion Sovereign AI Hub in Kazakhstan [1][2] - The hub will utilize NVIDIA's exascale AI infrastructure and aims to enhance Kazakhstan's and Central Asia's leadership in AI [1][3] - The initiative is expected to create favorable conditions for large-scale AI systems and support talent development programs in the region [2][3] Company Overview - Freedom Holding Corp. operates in 21 countries, including Kazakhstan, the United States, and several European and Central Asian nations, providing a range of financial services [5] - The company is actively developing its financial and digital ecosystem in Kazakhstan, which includes various financial institutions and lifestyle segments [5] - Freedom Holding Corp. is listed on NASDAQ, KASE, and AIX under the ticker symbol FRHC and is regulated by the U.S. SEC [5]