Quarterly report [Sections 13 or 15(d)]

DESCRIPTION OF BUSINESS (Tables)

v3.26.1
DESCRIPTION OF BUSINESS (Tables)
3 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Wholly Owned Subsidiaries
As of June 30, 2026, FRHC owned, directly or indirectly, the following subsidiaries:
Name of subsidiary Jurisdiction of Incorporation
Business Area(1)
Brokerage Segment
Freedom Finance JSC ("Freedom KZ")
Kazakhstan Securities broker-dealer
Freedom Finance Global PLC ("Freedom Global")
Kazakhstan Securities broker-dealer
Freedom Finance Europe Limited ("Freedom EU") Cyprus Securities broker-dealer
Freedom Finance Armenia LLC ("Freedom AR") Armenia Securities broker-dealer
Prime Executions, Inc. (d/b/a Freedom Capital Markets) ("FCM") USA Securities broker-dealer
Foreign Enterprise LLC Freedom Finance Uzbekistan Securities broker-dealer
Freedom Broker LLC Kyrgyzstan Securities broker-dealer
Freedom Broker Global Markets Ltd UAE Securities broker-dealer
FREEDOM YATIRIM MENKUL DEĞERLER ANONİM ŞİRKETİ Türkiye Securities broker-dealer (pending receipt of license)
Banking Segment
Freedom Bank Kazakhstan JSC ("Freedom Bank KZ")
Kazakhstan Commercial bank
Freedom Bank Tajikistan CJSC ("Freedom Bank TJ")
Tajikistan Commercial bank
OUSA Nova LLP Kazakhstan Stress asset management company
FBG Company JSC Georgia Commercial bank (pending receipt of license)
Insurance Segment
LIC Freedom Life JSC ("Freedom Life")
Kazakhstan Life/health insurance
Freedom Finance Insurance JSC ("Freedom Insurance") Kazakhstan General insurance
Other segment
Ticketon Events LLP ("Ticketon") Kazakhstan Online ticket sales
Chiptahoi Muosir LLC Tajikistan Online ticket sales
Ticketon Events KG LLC Kyrgyzstan Online ticket sales
Ticketon LLC Uzbekistan Online ticket sales
Freedom Digital Exchange CJSC Kyrgyzstan
Digital asset services
Freedom Finance Special Purpose Company LTD ("Freedom SPC") Kazakhstan Issuance of debt securities
FRHC-IF. SPC Ltd Kazakhstan Financing and investment activities
Freedom Finance Commercial LLP Kazakhstan Sales consulting
Freedom Technologies LLP ("Paybox") Kazakhstan Payment services
Freedom Processing LLP Kazakhstan IT solutions and products processes data for payment services
Freedom Pay LLP Kazakhstan Payment platform
Paybox Money LLP Kazakhstan Implementation of payment services
Freedom Pay Tajikistan LLC Tajikistan Bank Payment Agent
Freedom Pay Kyrgyzstan LLC
Kyrgyzstan Provision of payment services
Freedom Payments LLC Uzbekistan Provision of payment services
Aviata LLP ("Aviata")
Kazakhstan Online travel ticket aggregator
Internet-Tourism LLP Kazakhstan Online travel ticket aggregator
Arbuz Group LLP ("Arbuz") Kazakhstan Online retail trade and e-commerce
Prime Retail LLP Kazakhstan Online retail trade and e-commerce
Retail Prime Astana LLP Kazakhstan Online retail trade and e-commerce
Arbuz Pharma LLP Kazakhstan Retail (pharmaceuticals)
Freedom Telecom Holding Limited ("Freedom Telecom") Kazakhstan Telecommunications
Freedom Telecom Operations LLP Kazakhstan Wireless telecommunications
Freedom Media LLP ("Freedom Media")
Kazakhstan Media and entertainment
Freedom Cloud LLP ("Freedom Cloud")
Kazakhstan Telecommunications
Freedom Connect LLP (formerly, SilkNetCom LLP) Kazakhstan Telecommunications
Elitecom LLP
Kazakhstan Telecommunications
Freedom Cloud Holding Ltd. (formerly, Astel Group Ltd., renamed on January 8, 2026) ("Freedom Cloud Holding") Kazakhstan Holding company
Arna-Sprint Data Communications JSC Kazakhstan Rental and leasing of other personal items and household goods
Astel JSC Kazakhstan Other wireless telecommunications
Freedom Kazakhstan Ltd.
Kazakhstan Holding company
Freedom Advertising Ltd. ("Freedom Advertising")
Kazakhstan Advertising
Freedom Shapagat Corporate Fund Kazakhstan Non-profit organization
Freedom Holding Operations LLP Kazakhstan Hiring and recruitment
Freedom Horizons LLP Kazakhstan Business consulting and services
CLUB T LLP Kazakhstan Restaurant and cafe operations
CLUB T ASTANA LLP Kazakhstan Restaurant and cafe operations
Freedom Events LLP Kazakhstan Concert and events organizations
Freedom Tech Ltd.
Kazakhstan IT services
Freedom Ventures Ltd.
Kazakhstan Investment company
Freedom Home LLP Kazakhstan Housing and utilities software solutions
Freedom Auto LLP Kazakhstan E-commerce and logistics
Freedom Travel LLP Kazakhstan Travel agency operations
Freedom Media Group Ltd Kazakhstan Holding company
Freedom AI Ltd Kazakhstan Data center and IT infrastructure services
Freedom Hotels LLP Kazakhstan Online hotel booking platform
Freedom Finance Azerbaijan LLC Azerbaijan Financial educational center
Freedom Finance FZE UAE Consulting
Freedom Management Ltd. UAE Consulting
Freedom Telecom International FZE
UAE Telecommunications
FRHC Executive office L.L.C-FZ UAE Holding company
Freedom Finansial Hizmetler Anonim Şirketi Türkiye Financial consulting
Freedom Finance Technologies Ltd Cyprus IT development
Freedom Prime UK Limited
UK Management consulting
Freedom Finance Germany GmbH Germany
Tied Agent of Freedom EU
Freedom Structured Products PLC ("FSP") Cyprus Financial services
Freedom24 Chess Masters LTD Cyprus Chess academy
Freedom Property Ltd Cyprus Asset management company
Freedom24 Bulgaria VCC Bulgaria
Tied Agent of Freedom EU
Freedom24 Greece Single Members P.C Greece
Tied Agent of Freedom EU
Freedom24 Poland LTD Poland
Tied Agent of Freedom EU
Freedom24 Lithuania, UAB Lithuania
Tied Agent of Freedom EU
Freedom24 Iberia SL Spain
Tied Agent of Freedom EU
Freedom24 Netherlands B.V. Netherlands
Tied Agent of Freedom EU
Freedom24 Austria GmbH Austria
Tied Agent of Freedom EU
Freedom24 France
France
Tied Agent of Freedom EU
Freedom24 Portugal, LDA Portugal
Tied Agent of Freedom EU
Freedom24 C Cyprus EMI license acquisition
Freedom24 P Cyprus EMI license acquisition
ChessBase GmbH Germany Development and distribution of chess software
Freedom Japan Co., Ltd Japan Market research and analysis (fintech)
FFIN Securities, Inc. USA Dormant
Freedom U.S. Market LLC USA Management company
LD Micro, Inc. USA Event platform
Freedom US Technologies LLC USA Technology services
Total subsidiaries 90


(1) The classification of subsidiaries under the heading "Business Area" does not constitute, imply, or represent that any such subsidiary holds, or is required to hold, any license, registration, consent, or other regulatory authorization in respect of the relevant business activities.