Freedom Holding Corp.
For the period ended Mar 31, 2026. Filed Jun 1, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Jun 1, 2026
FRHC$165.47-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 15. Exhibits, Financial Statement Schedules
(a)The following documents are filed as part of this annual report:
Financial Statements
The consolidated audited financial statements required to be filed in this annual report are included in Part II, Item 8 hereof.
Exhibits
| Exhibit No. | Exhibit Description |
| 3.01 | Restated Articles of Incorporation of Freedom Holding Corp.(1) |
| 3.02 | By-Laws of Freedom Holding Corp. (as amended through February 4, 2019)(1) |
| 4.01 | Description of Registrant’s Securities Registered under Section 12 of the Securities Exchange Act of 1934, as amended(2) |
| 4.02 | Guarantee Agreement dated August 10, 2021, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to U.S.$200,000,000 Bond Program of Freedom Finance SPC Ltd.(6)% |
| 4.03 | Offer Terms of the 5.5% Coupon US$66,000,000 Bonds Due October 21, 2026 issued by Freedom Finance SPC Ltd.(7) |
| 4.04 | Freedom Finance SPC Ltd. US$1,000,000,000 Bond Program Prospectus, as amended(13)% |
| 4.05 | Offer Terms of the US$200,000,000 Bonds (1st tranche) Due December 19, 2028 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(10) |
| 4.06 | Guarantee Agreement dated December 15, 2023, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to U.S.$200,000,000 Bonds (1st tranche) of Freedom Finance SPC Ltd.(10)% |
| 4.07 | Offer Terms of the US$200,000,000 Bonds (2nd tranche) Due September 16, 2026 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(10) |
| 4.08 | Guarantee Agreement dated September 12, 2024, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to U.S.$200,000,000 Bonds (2nd tranche) of Freedom Finance SPC Ltd.(10)% |
| 4.09 | Offer Terms of the US$200,000,000 Bonds (3rd tranche) Due May 26, 2027 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(13) |
| 4.10 | Offer Terms of the EUR87,935,900 Bonds (4th tranche) Due May 26, 2027 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(13) |
| 4.11 | Offer Terms of the CNY219,070,900 Bonds (5th tranche) Due May 26, 2027 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(13) |
| 4.12 | Guarantee Agreement dated May 22, 2025, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in the total amount of US$330,000,000 Bonds (3rd, 4th and 5th tranches) of Freedom Finance SPC Ltd.(13)% |
| 4.13 | Offer Terms of the US$269,715,400 Bonds (6th tranche) Due October 10, 2028 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Program(15) |
| 4.14 | Guarantee Agreement dated October 6, 2025, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to the US$269,715,400 Bonds (6th tranche) of Freedom Finance SPC Ltd.(15)% |
| 4.15 | Freedom Finance SPC Ltd. US$1,000,000,000 Second Bond Program Prospectus*% |
| 4.16 | Offer Terms of the US$400,000 Bonds (1st tranche) Due March 19, 2029 issued by Freedom Finance SPC Ltd. under the US$1,000,000,000 Second Bond Program* |
| 4.17 | Guarantee Agreement dated December 12, 2025 between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to the Freedom Finance SPC Ltd. US$1,000,000,000 Second Bond Program*% |
| 10.01 | Freedom Holding Corp. 2019 Equity Incentive Plan(3)+ |
| 10.02 | Employment Agreement No. 21-38/1 dated February 1, 2021 between Freedom Finance Global PLC and Timur Turlov(8)+%# |
| 10.03 | Supplementary Agreement dated May 2, 2024 to an Employment Agreement No. 21-38/1 dated February 01, 2021 between Freedom Finance Global PLC and Timur Turlov(8)+%# |
| 10.04 | Supplementary Agreement dated July 15, 2025 to an Employment Agreement No. 21-38/1 dated February 1, 2021 between Freedom Finance Global PLC and Timur Turlov(14)+%# |
| 10.05 | Minutes No. 1/2018 of extraordinary general meeting of shareholders of Life Insurance Company "Freedom Life" Joint Stock Company (formerly, Life Insurance Company "Asia Life" Joint Stock Company) dated March 19, 2018(9)+%# |
| 10.06 | Actions of the Board of Directors of Freedom Holding Corp. dated August 1, 2025(14)+ |
| 10.07 | Agreement with Member of the Board of Directors dated July 24, 2020 Freedom Finance Global PLC and Askar Tashtitov(8)+%# |
| 10.08 | Supplementary Agreement dated May 10, 2024 to an Agreement with Member of the Board of Directors dated July 24, 2020 between Freedom Finance Global PLC and Askar Tashtitov(12)+% |
| 10.09 | Agreement dated January 20, 2026 on Termination of an Employment Agreement No. 18-107/1 dated November 1, 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov*+# |
| 10.10 | Agreement with Member of the Board of Directors dated July 24, 2020 between Freedom Finance Global PLC and Evgeny Ler(8)+%# |
| 10.11 | Supplementary Agreement dated May 10, 2024 to an Agreement with Member of the Board of Directors dated July 24, 2020 between Freedom Finance Global PLC and Evgeny Ler(12)+% |
| 10.12 | Employment Agreement No. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeny Ler(8)+%# |
| 10.13 | Supplementary Agreement dated January 25, 2016 to an Employment Agreement No. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeny Ler(2)+%# |
| 10.14 | Supplementary Agreement dated October 2, 2023 to an Employment Agreement No. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeny Ler(8)+%# |
| 10.15 | Employment Agreement No. 16-217 dated August 1, 2016 between Freedom Finance Joint Stock Company and Renat Tukanov(8)+%# |
| 10.16 | Supplementary Agreement dated October 2, 2023 to an Employment Agreement No. 16-217 dated August 1, 2016 between Freedom Finance Joint Stock Company and Renat Tukanov(8)+%# |
| 10.17 | Employment Agreement dated September 14, 2020 between Freedom Finance Global PLC and Renat Tukanov(8)+%# |
| 10.18 | Supplementary Agreement dated February 2, 2026 to an Employment Agreement No. 20-362 dated September 14, 2020 between Freedom Finance Global PLC and Renat Tukanov*+%# |
| 10.19 | Employment Agreement dated September 1, 2020 between Freedom Finance Global PLC and Sergey Lukyanov(8)+%# |
| 10.20 | Supplementary Agreement dated March 3, 2025 to an Employment Agreement dated September 1, 2020 between Freedom Finance Global PLC and Sergey Lukyanov(14)+%# |
| 10.21 | Employment Agreement No. 20-13 dated February 3, 2020 between Freedom Finance Joint Stock Company and Sergey Lukyanov(8)+%# |
| 10.22 | Supplementary Agreement dated November 18, 2024 to an Employment Agreement No. 20-13 dated February 3, 2020 between Freedom Finance Joint Stock Company and Sergey Lukyanov(11)+%# |
| 10.23 | Minutes No. 05/14 of meeting of the board of directors of Freedom Finance Joint Stock Company dated May 14, 2024(9)+%# |
| 10.24 | Employment Agreement No. 24-388 dated December 2, 2024 between Freedom Finance Global PLC and Aidos Zhumagulov(11)+% |
| 10.25 | Supplementary Agreement dated September 2, 2025 to an Employment Agreement No. 24-388 dated December 2, 2024 between Freedom Finance Global PLC and Aidos Zhumagulov(14)+%# |
| 10.26 | Employment Agreement No. 9 dated February 8, 2018 between Life Insurance Company "Freedom Life" Joint Stock Company (formerly, Life Insurance Company "Asia Life" Joint Stock Company) and Azamat Yerdessov(9)+%# |
| 10.27 | Supplementary Agreement dated January 5, 2026 to an Employment Agreement No. 9 dated February 8, 2018 between Life Insurance Company "Freedom Life" Joint Stock Company and Azamat Yerdessov*+%# |
| 10.28 | Employment Agreement No. 1 dated January 5, 2024 between Freedom Telecom Operations Limited Liability Partnership and Kairat Akhmetov(9)+%# |
| 10.29 | Supplementary Agreement No. 1 dated October 16, 2024 to an Employment Agreement No. 1 dated January 5, 2024 between Freedom Telecom Operations Limited Liability Partnership and Kairat Akhmetov(10)+# |
| 10.30 | Employment Agreement dated August 21, 2023 between Freedom Telecom Holding Ltd. and Kairat Akhmetov(13)+%# |
| 10.31 | Employment Agreement No. 2 dated May 11, 2023 between Freedom Horizons Limited Liability Partnership and Kairat Kelimbetov(9)+%# |
| 10.32 | Employment Agreement dated April 7, 2023 between Freedom Finance Europe Ltd. and Evgenii Tiapkin(9)+% |
| 10.33 | Supplementary Agreement dated November 21, 2025 to an Employment Agreement dated April 7, 2023 between Freedom Finance Europe Ltd. and Evgenii Tiapkin(15)+% |
| 10.34 | Outstaffing Agreement dated May 28, 2024 between Freedom Holding Corp. and JMK Management Services Corp. for the services of Jason Kerr to act as the Chief Legal Officer of Freedom Holding Corp.(9)+% |
| 10.35 | Freedom Holding Corp. Secretary's Certificate dated March 31, 2026*+ |
| 10.36 | Restricted Stock Award Agreement dated July 9, 2025 between Freedom Holding Corp. and Askar Tashtitov(13)+ |
| 10.37 | Restricted Stock Award Agreement dated July 9, 2025 between Freedom Holding Corp. and Evgeny Ler(13)+ |
| 10.38 | Restricted Stock Award Agreement dated February 11, 2026 between Freedom Holding Corp. and Renat Tukanov*+ |
| 10.39 | Restricted Stock Award Agreement dated July 9, 2025 between Freedom Holding Corp. and Jason Kerr(13)+ |
| 10.40 | Restricted Stock Award Agreement dated March 1, 2024 between Freedom Holding Corp. and Aidos Zhumagulov(9)+ |
| 10.41 | Restricted Stock Award Agreement dated September 16, 2025 between Freedom Holding Corp. and Andrew Gamble(14)+ |
| 10.42 | Restricted Stock Award Agreement dated September 16, 2025 between Freedom Holding Corp. and Amber Williams(14)+ |
| 10.43 | Restricted Stock Award Agreement dated September 16, 2025 between Freedom Holding Corp. and Philippe Vogeleer(14)+ |
| 10.44 | Restricted Stock Award Agreement dated September 16, 2025 between Freedom Holding Corp. and Boris Cherdabayev(14)+ |
| 14.01 | Code of Ethics(4) |
| 19.01 | Insider Trading Policy(15) |
| 21.01 | List of Subsidiaries* |
| 23.01 | Consent of Independent Registered Public Accounting Firm (Deloitte LLP)* |
| 31.01 | Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 31.02 | Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 32.01 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |
| 97 | Policy Relating to Recovery of Erroneously Awarded Compensation(8) |
| 101 | The following Freedom Holding Corp. financial information for the year ended March 31, 2022, formatted in XBRL (eXtensive Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Stockholders' Equity, (iv) the Consolidated Statements of Cash Flows, and (v) the Notes to the Consolidated Financial Statements.* |
| 104 | Cover page formatted in inline XBRL (included in Exhibit 101).* |
| * | Filed herewith. |
| + | Indicates management contract, compensatory plan or arrangement of the Company. |
| % | Certain portions of this exhibit (indicated by "[***]") have been omitted pursuant to Item 601(a)(5), Item 601(a)(6), or Item 601(b)(10) of Regulation S-K. |
| # | This exhibit is an English translation of a foreign language document. The Company hereby agrees to furnish to the SEC, upon request, a copy of the foreign language document. |
| (1) | Incorporated by reference to Registrant's Current Report on Form 8-K filed with the SEC on February 6, 2019. |
| (2) | Incorporated by reference to the Registrant's original Annual Report on Form 10-K filed with the SEC on July 14, 2020. |
| (3) | Incorporated by reference to Registrant's Current Report on Form 8-K filed with the SEC on September 21, 2018. |
| (4) | Incorporated by reference to Registrant's Current Report on Form 8-K filed with the SEC on July 27, 2018. |
| (5) | [Reserved]. |
| (6) | Incorporated by reference to Registrant's Current Report on Form 8-K filed with the SEC on November 22, 2021. |
| (7) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on February 9, 2022. |
| (8) | Incorporated by reference to Registrant's Annual Report on Form 10-K for the fiscal year ended March 31, 2024 filed with the SEC on June 14, 2024. |
| (9) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on August 9, 2024. |
| (10) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on November 8, 2024. |
| (11) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on February 7, 2025. |
| (13) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on August 8, 2025. |
| (14) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on November 7, 2025. |
| (15) | Incorporated by reference to Registrant's Quarterly Report on Form 10-Q filed with the SEC on February 9, 2026. |
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