Slides
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FREEDOM HOLDING CORP. Corporate Presentation 10-Q second fiscal quarter of 2026
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Important information Certain information included in this presentation contains statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking information involves important risks and uncertainties, many of which may be beyond our control, that could materially affect expected future results and, accordingly, such results may differ from those expressed in any forward-looking statements made in this presentation. All statements other than statements of historical fact may be forward-looking statements. You can identify these statements by the use of words such as “look forward”, “anticipate”, “believe”, “consider”, “intend”, “continue”, “could”, “estimate”, “expect”, ““state”, “intend”, “may”, “plan”, “potential”, “forecast”, “represent”, “if”, “target”, “will”, and similar expressions. Such statements are subject to known and unknown risks, uncertainties and other factors, including the significant and important risks and uncertainties discussed in the reports we file with the U.S. Securities and Exchange Commission (the SEC). These forward-looking statements are based on management’s beliefs and assumptions and information currently available to management and apply only as of the date of this presentation. Although we have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause the forward-looking statements not to occur as described in this presentation, including those described in Part II of Item 1A, “Risk Factors,” in our Quarterly Report on Form 10-Q filed with the SEC on November 7, 2025, and those described from time to time in our future reports filed with the SEC. These forward-looking statements are only predictions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results may differ materially. You should not rely on forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Furthermore, neither we nor any other person accepts any liability for the accuracy or completeness of these statements and undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. 2
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Freedom Holding Corp. At-a-glance
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FRHC is a US listed holding company with a focus on developing a digital ecosystem that combines 12 main businesses in various industries Non-financial: Telecommunications, e-commerce, online ticket sales, etc. Financial services: Brokerage, banking, insurance, payments. >6.1 mln clients in the digital ecosystem 10,000+ employees 21 countries (USA, European and Central Asian countries) 232 offices $1.2 bn equity As of September 30, 2025 $38.7 mln net profit for the Q2 ended September 30, 2025 $526 mln revenue for the Q2 ended September 30, 2025 $10.3 bn assets As of September 30, 2025 Auditor Legal adviser Direct membership in the international depositoryRegulator Credit rating “B-”, outlook “Stable” Timur Turlov Founder of FRHC, Chairman of the Board of Directors of FRHC 69,34% 30,66% Outstanding Shares Large number of retail investors, as well as professional institutional investors: Vanguard Group, Blackrock, Swiss National Bank, State Street, J.P. Morgan and others 4 US Securities and Exchange Commission
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5 Geographical footprint Almaty Head Office Operating subsidiaries Tied agents 21 countries, 232 offices, 10,000+ employees Almaty Freedom Broker Freedom Bank Freedom Insurance Freedom Life Freedom Telecom Freedom Pay Freedom Lifestyle NYSE institutional broker Kazakhstan United States of America Freedom Finance Europe Cyprus Freedom Broker Uzbekistan Uzbekistan Freedom Pay Uzbekistan Freedom Bank Tajikistan Tajikistan Freedom Broker Kyrgyzstan Kyrgyzstan Türkiye Freedom Broker (obtaining broker license) United Arab Emirates Freedom Broker (obtaining broker license) Broker Armenia Freedom Ticketon Uzbekistan Freedom Ticketon Tajikistan Freedom Ticketon Kyrgyzstan
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ASSETS, in millions USD LIABILITIES, in millions USD Note: The Company's financial year ends on 31st March. 31 Mar 22 4%16% 20% 52% 7% 31 Mar 23 4% 17% 12% 47% 20% 31 Mar 24 5% 16% 17% 28% 33% 31 Mar 25 5% 16% 17% 44% 18% 30-Sep-24 6% 17% 19% 24% 34% 30-Sep-25 28% 24% 41% 5% 3 230 5 085 8 302 9 914 8 816 10 350 +17%Margin lending, brokerage and other receivables Investment portfolio Cash Loans issued Other 31 Mar 23 14% 4%12% 39% 32% 31 Mar 24 14% 5% 15% 16% 49% 31 Mar 25 14% 4% 45% 34% 44% 30-Sep-24 14% 8% 6% 9% 63% 30-Sep-25 37% 31% 29% 31 Mar 22 16% 35% 4% 4 314 7 135 8 700 7 553 9 129 2 683 +22% +21%Customers’ funds REPO obligations Margin lending and and trade payables Bonds issued Other REVENUE COMPOSITION, in millions USD NET PROFIT & ROE(1), in millions USD ¹Net profit for the trailing twelve months divided by average equity. 211 206 375 85 114 39 340 5 40% FY2022 27% FY2023 32% FY2024 7% FY2025 9% Q2 FY2025 3% Q2 FY2026 29% TTM as of 30.09.2024 0% TTM as of 30.09.2025 ROE, % Net Profit 6 All figures are based on a fully consolidated basis. TTM – trailing twelve months. Financial performance of FRHC 26% 16% 50% FY2024 3% 25% 30% 42% FY2025 27% 36% Q2 FY2025 40% Q2 FY2026 7% 24% 23% 14% TTM as of 30.09.2024 6% 25% 29% 40% TTM as of 30.09.2025 23% 49% 18% FY2022 8% 41% 37% FY2023 8% 690 799 46% 2 051 586 526 1 955 2 069 25% 1 666 +23% -10% +6% Interst income Insurance underwriting income Fee and commission income Other
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Financial performance of FRHC Revenue and expenses highlights 7 TTM as of 30.09.2025
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Main listing on NASDAQ (New York, USA) The stock is traded on two stock exchanges in Kazakhstan USD ~10.54bn* Current market capitalization >1000%* Yield since listing on NASDAQ * Based on the price and number of shares on 30th of September 2025 0 20 40 60 80 100 120 140 160 180 200 0 1 2 3 4 5 6 7 8 9 10 Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021 Jan 2022 Jul 2022 Jan 2023 Jul 2023 Jan 2024 Jul 2024 Jan 2025 Jul 2025 Share price (USD) Trading volume (millions of shares) Trading volume (millions of shares) Stock price (USD) Last price as of 30th September 2025 on NASDAQ - $172.13 8 Stock performance (NASDAQ:FRHC) FRHC is a part of indexes: • MSCI U.S. Small Cap 1750 • MSCI U.S. Investable Market 2500 • AIX Qazaq Index • Russell 3000 • Nasdaq Composite Index updated
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Board of Directors 9 Timur Turlov Askar Tashtitov Boris Cherdabayev Amber Williams Founder of FRHC, Chairman of the Board of Directors President of FRHC, Member of the Board of Directors Joined the company in 2008 Independent Director Joined the company in 2019 Independent Director Joined the company in 2020 o +16 years of experience in various areas of the international securities industry; o Bachelor of Science degree in Economics and Management from Tsiolkovsky Russian State Technical University (2009). o +11 years of experience in the oil and gas industry and 6 years in the financial sector; o Bachelor of Arts in Economics and History from Yale University (2002); o Passed the AICPA Uniform CPA exam (2006). o +20 years of management experience in the oil and gas industry; o Bachelor degree majoring in Equipment of Oil and Gas Fields from Russian State Petroleum Technological University (1976). o +15 years of accounting, audit and consulting experience at Goldman Sachs, Basic Research, PricewaterhouseCoopers and Grant Thornton; o Bachelor of Science degree in accounting and Masters of Accountancy degree from the University of Utah (2004-2005). Certified Public Accountant (2010), Chartered Practicing Accountant. o +50 years of legal and advisory career in Asia, Africa, South America and Europe. He has led teams acting on behalf of the governments of Sierra Leone, Guyana, Mozambique and Ethiopia o He holds an LLB with honors from St Catharine’s College, Cambridge and a professional qualification from Guildford Law College. o +15 years of experience in building partnerships between corporations, governments and international organizations o Masters of Laws from UCL, Belgium; an MA in Mass Media from the University of Stirling, UK; an MBA from Insead (Cedep), France and an MSc in Corporate Governance from the Institute of Directors, UK. o +30 years of experience in senior positions in government agencies; o PhD in Economics; o Masters of Research in Sustainable Development Leadership Studies from the University of Cambridge. PhD, and a BA in Computational Mathematics and Cybernetics from Moscow State University. Andrew Gamble Independent Director Joined the company in 2024 Philippe Vogeleer Independent Director Joined the company in 2024 Kairat Kelimbetov Member of the Board of Directors Joined the company in 2024
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Compliance 10 Compliance risks Compliance risks are those risks relating to possible violations of applicable laws, regulations, contractual terms, standards, or internal policies where such violation could result in direct or indirect financial liability, civil or criminal penalties, regulatory sanctions, or other negative effects for the organization or its personnel. Our mission is to safeguard Freedom Holding Corp.’s sustainable growth and stakeholder trust by proactively identifying and mitigating compliance risks, fostering a culture of integrity, and ensuring transparent adherence to all applicable laws, regulations, and internal standards across our global operations. Mission Comprehensive Compliance Framework Highlights Core activities Compliance Structure o Compliance team on the Holding Level o Compliance officers in the network o Compliance in non-financial companies o Compliance Project Management and Support Office o Set of Global compliance policies and standards aligned with international best practices o Comprehensive controls required by the global policies o Unified third-party Due Diligence process o Enhanced whistleblowing process o Forensic unit within Holding Compliance team o Self-assessment of Compliance risks o Monthly reporting and update o Regular assessment o Focus on technical solutions, automation and AI Enhanced Controls Continuously improved compliance functions Technology Integration IT partnership for compliance solutions Resource Allocation FRHC supports compliance needs and dedicates financial resources for staffing, expertise and IT solutions Leadership Commitment Management and board oversight Compliance Methodology Forensic Compliance Risk map Monitoring
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Freedom Ecosystem SuperApp - heart of FRHC
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Freedom core product offerings 12 BROKER FREEDOM BANK segment FREEDOM INSURANCE segment FREEDOM TELECOM segm ent FREEDO M LIFESTYLE segm ent Internet E-grocery Event tickets Underwriting services Cloud Non-life insurance Life insuranceRetail banking Corporate banking Payments, acquiring Travel Mobile Household services Advisory services Retail brokerage Car insurance Property insurance Asset insurance Logistics insurance Health insurance Travel insurance Endowment life insurance Digital mortgage Digital car loan Refinancing Cards, deposits Repayment of loans, loan restructuring Theater Cinema Concerts Sport events Tours Museums Air tickets Train tickets Tours Note: Companies shaded in grey are not under direct ownership or control of FRHC Business-to-business Business-to-consumer Business-to-government Business-to-operator Cloud (private, hybrid, public) IAAS Devops services Virtualization Proprietary Platform Global Market Access Analytical support Freedom Academy LLC registration Deposits Corporate cards Salary project Internet banking FREEDOM BROKERsegment
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Freedom SuperApp results 13 Companies in Freedom SuperApp offerings: USERS +13,672 Daily Growth as of September 30, 2025 +410,173 Growth for September 2025 >3,115,000 Registered Users 1,541,206 MAU 282,503 DAU 107 161 203 242 278 316 367 427 536 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 1,315 1,613 1,844 2,055 2,219 2,347 2,497 2,707 3,118 Freedom SuperApp and Freedom Currency launch Launch of the Loyalty Program Launch of the Referral Program +51% +26% +19% +15% +13% +16% +16% +26% +146% +23% +14% +11% +8% Percentage of growth, % Numbers of users, thousands +6% +6% +8% +15%
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Freedom Currency and Loyalty Program 14 Loyalty program. A four-tier structure (Standard, Silver, Gold, Platinum) bases monthly status on average balance, transaction count and ecosystem spend. Base cashback ranges from 1 % to 4 %, with additional incentives for Near Filed Communication (NFC) and QR payments, accomplishment of tasks, in-app purchases and partner verticals. Rewards are paid in Freedom Currency. • By making purchases with a Freedom Bank card, user will receive cashback in the unique Freedom currency, which will instantly make the user an investor. Freedom Currency is an exchange-traded note linked to Freedom Holding Corp. common stock listed on NASDAQ (NASDAQ: FRHC). • Freedom currency can be converted into real fiat money and can be used for: transfers, payments, replenishments, conversion. • Freedom investment currency price is linked to FRHC stock price. Exchange Traded Note (tax exempt)
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Freedom Core Businesses Highlights overview
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Brokerage segment Professional participant in the securities market 16 FY2022 FY2023 FY2024 FY2025 395,562 225,304 385,480 169,543 621,954 297,756 717,349 315,506 +61.3% +15.3%Revenue Net income No. 1 Digital Broker in Kazakhstan 42 Offices globally1 Proprietary platform Financial indicators1, in thousands USD Number of clients by key geography2 1. Freedom Holding Corp. Forms 10-K and 10-Q (United States Securities and Exchange Commission). 2. Based on Company’s internal metrics. B+ 19,563 266,465 384,184 31 Mar 25 170,217 158,354 31 Dec 22 183,902 171,782 31 Mar 23 8,415 255,066 255,730 31 Mar 24 328,579 355,784 519,211 670,212 +8.3% +45.9% +29.1% Armenia Kazakhstan Europe Cost efficiency Optimization and restructuring of orders resulted in cost reductions for the stream and improved transparency. Integration with Banking Segment Introduction of ‘Invest Card’ product (non-trading d-accounts) between banking and broker segment augmented the volume of new customers. Q2 FY2025 Q2 FY2026 174,797 85,647 234,884 126,634 +34.4%
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Financial indicators1, in thousands USD 17 Banking segment Key element of the FRHC Ecosystem (1/2) Digital bank for individuals and businesses Revenue $1.8 billion Loan portfolio1,2 Portfolio as of 30.09.2025 $2.4 billion Deposit portfolio1 2.24% NPL3,4 B+ 1. Freedom Holding Corp. Forms 10-K and 10-Q (United States Securities and Exchange Commission). 2. Loans issued, including related parties. 3. Based on Company’s internal metrics. 4. NPL – Non-performing loans as of 30.09.2025 FY2022 FY2023 FY2024 FY2025 84,346 17,086 245,335 49,431 615,870 110,873 506,148 -86,492 Revenue Net income 246 31 Mar 22 31 Mar 23 31 Mar 24 31 Mar 25 30-Sep-24 30-Sep-25 1,292 1,531 2,138 1,711 2,352 +425.2% +18.5% +39.6% +37.5%Customer liabilities Dynamics of customer deposits and accounts1, in millions USD Freedom SuperApp, Loyalty and Referral program The launch of the SuperApp, Freedom loyalty, and referral program, contributed to an increase in client acquisition. Growth of the loan portfolio Revenue growth is driven by the expansion of the loan portfolio—mostly due to the growth in digital mortgage— and higher income from securities. Net loss for FY2025 was primarily caused by: (1) Revaluation of government securities on the balance sheet due to tightening of the monetary policy by the National Bank of Kazakhstan; (2) Increased operational expenses to support rapid growth of the ecosystem and expansion of the business. Q2 FY2025 Q2 FY2026 201,509 45,670 105,722 -32,066 -47.5%
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18 Banking segment Key element of the FRHC Ecosystem (2/2) Digital bank for individuals and businesses 496 710 968 256 259281 191 129 50 7 196 107 31 Dec 22 127 31 Dec 23 31 Dec 24 653 1,381 1,743+111.6% +26.2% Other Consumer loan Autoloan Digital business loan Mortgage Dynamics of loan portfolio3, in millions USD Bank ratings by assets1, in billions USD Halyk Bank JSC Kaspi Bank JSC Bank CenterCredit JSC Otbasy Bank JSC ForteBank JSC Alatau City Bank JSC Eurasian Bank JSC Bereke Bank JSC Bank RBK JSC Freedom Bank JSC 36,0 15,9 14,3 8,9 8,9 6,1 5,3 4,6 4,5 4,1 10th largest bank in Based on assets1 1. Central Bank of Kazakhstan data as of October 1, 2025. Figures were converted from KZT to USD using 549.06 exchange rate. 2. Year on year change in deposit portfolio (retail and corporate) based on Central Bank of Kazakhstan dataas of October 1, 2025 for each corresponding year. 3. Based on Company’s internal metrics. 2023 2024 2025 -4% 20% 18% 41% 23% 16% 37% 28% 28% 18% 4% 13% 10% 29% 24% -12% -3% 164% 26% -5% 1% -8% 65% 26% -8% 5% 29% 71% 16% 58% YoY change in deposits portfolio2, % Revenue 17 branches throughout Kazakhstan with 2 more branches to come3 24 hours record time from applying to signing an agreement for digital mortgage3 >54% of loan portfolio are mortgage loans3
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19 1. Freedom Holding Corp. Forms 10-K and 10-Q (United States Securities and Exchange Commission). 2. Based on Company’s internal metrics. 3. Net income does not include stock-based compensation expense. Insurance segment Product offering and financial metrics Revenue and net income1, in thousands USD FY2022 FY2023 FY2024 FY2025 105,238 9,642 173,069 29,441 344,601 33,811 683,026 18,685 +99.1% +98.2% Revenue Net income FY2023 FY2024 FY2025 30-Sep-24 30-Sep-25 470,337 385,952 529,517 402,865 712,352 571,335 564,499 405,239 735,227 576,948 Assets Liabilities Assets and liabilities1, in thousands USD Travel insurance Pension annuity Education insurance Health insurance Sport insurance Other insurance Individual Legal entities Freedom Security Freedom Health Compulsory employee insurance Voluntary group insurance Compulsory tourist insurance Voluntary group savings insurance Comprehensive vehicle insurance Freedom Comfort Home protect Individual Legal entities Compulsory vehicle insurance Property and cargo insurance Motor vehicle insurance Liability insurance Specialized types of insurance Services Check policy DTP.kz service Depreciation calculator Q2 FY2025 Q2 FY2026 178,175 14,790 150,889 8,511 -15.3%
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Revenue Revenue Revenue Insurance segment Freedom Life Insurance 20 Digital life insurance company in Kazakhstan Revenue $536 million2 Premiums collected in FY2025 7,1799,957 361,781 30 Sept 25 379,613 818,011 410,759 31 Dec 22 876,208 3,493,803 31 Dec 23 786,693 9,043,026 31 Dec 24 379,613 4,951,067 30 Sept 25 1,228,770 4,370,011 9,829,719 5,330,680+255.6% +124.9%Other insurance Credit insurance Pension insurance Compulsory accident insurance Savings insurance Other >9 million Policies issued 488,876 Active contracts4 Demand from MFIs1 Active engagement with MFIs resulted in increased demand for life insurance products in the context of credit provision. Market interest in pension annuity products Revenue growth was considerably supported by the market’s appeal towards pension annuity products. Dynamics of policies issued3 1. MFI - Microfinance Institution. 2. Freedom Holding Corp. Form 10-K (United States Securities and Exchange Commission). 3. Based on Company’s internal metrics. 4. Freedom Holding Corp. Form 10-Q (United States Securities and Exchange Commission). Less than 5 minutes Time to issue an insurance policy
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Revenue Revenue Revenue Revenue 15 minutes Claim processing times Insurance segment Freedom Non-Life Insurance 21 Fully digitalized insurance solutions in Kazakhstan Top 5 Largest insurance company in Kazakhstan №1 In insurance product digitalization 1,388,832 Active contracts2 399,974 31 Mar 22 401,590 31 Mar 23 216,278 31 Mar 24 141,991 885,045 31 Mar 25 586,573 480,372 255,834 1,027,036 186,599 78,782 Other insurance Compulsory vehicle insurance 7,392 8,529 14,734 16,576 18,177 76,583 31 Mar 25 141,991 Other Property insurance Civil liability insurance Vehicle insurance Medical insurance Other financial loss liability insurance International reinsurance growth Rise in international reinsurance premiums was identified as another key driver supporting the expansion of revenue. Expansion of geographic footprint Growth of distribution network in Kazakhstan and digitalization of distribution channels led to revenue growth. Dynamics of policies issued1 Gradual decrease in the number of policies during FY2023 and FY2024 was due to internal optimization of distribution channels with low efficiency. Considerable growth in the number of policies during FY2025 was driven by: (1) Digitilization of distribution channels; (2) Synergies with Freedom ecosystem and SuperApp; (3) Expansion of sales office network and website upgrade. 1. Based on Company’s internal metrics. 2. Freedom Holding Corp. Form 10-Q (United States Securities and Exchange Commission).
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Freedom Other Businesses Highlights overview
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Freedom Telecom 23 RevenueGrowth and scaling model without contractors RevenueProprietary infrastructure Optical communication lines, base stations, data centers $200 million Investment volume for 2023-2024 Revenue>2,000 Employees Mission Creation of a new high-tech telecom operator in Kazakhstan offering the maximum digital experiences for customers. Affordable Internet Participation in the National Project “Affordable Internet” Green Energy Hybrid energy generations solutions (solar and wind power installations) RevenueIntegration with Fintech Integration with Freedom SuperApp Revenue5G FWA/Wi-Fi network development Revenue14 Regional branches Revenue7 Data centers Revenue>2,000 Corporate clients Revenue~3,000 Retail clients Revenue>6,000 km of optical communication lines
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Freedom Pay 24 Revenue Over 10 years on the market Revenue Revenue Revenue 26 mln transactions per month More than 10,000 clients Own processing center and R&D team Integration with local payment systems HUMO, UZCARD, Elkart (Uzbekistan, Kyrgyzstan) Integration with international payment systems: VISA, Mastercard, UnionPay Export of proprietary IT solutions
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Arbuz.kz Key element of the Freedom Lifestyle 25 Note:* MAU – Monthly Active Users, DAU – Daily Active Users 1. As of September 2025. 2. Based on Company’s internal metrics. Operational indicators2 Revenue The first online supermarket in Kazakhstan offering various consumer goods in Almaty and Astana. Users Arbuz Almaty 50k MAU* Revenue Revenue 6k DAU* Users Arbuz Astana 32k MAU 3k DAU Retention M71 11% Standalone 32% SuperApp Integration with Freedom SuperApp Arbuz achieved strong growth in sales, orders, and customer retention, while expanding its reach within the SuperApp user base through effective integration. Pharmacy Commissioning of pharmaceutical sales via dedicated app within the SuperApp in early 2025 led to a doubling of pharmacy sales from January to September. 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 10% Dec’24 86% 14% Jan’25 82% 18% Feb’25 76% 24% Mar’25 69% 31% Apr’25 64% 36% May’25 90% 37% June’25 61% 39% July’25 63% 48% Aug’25 47% 53% Sep’25 52% Total number of clients Share of standalone clients Share of Freedom SuperApp clients 28,584 29,698 30,983 33,657 35,059 37,888 36,662 39,451 45,101 46,735 User Growth Efficiency Second-month retention increased since the beginning of 2025, while customer acquisition cost (CAC) dropped by half. Active clients The number of active clients of Arbuz.kz increased by more than 2 times in September 2025 compared to September 2024.
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Freedom Ticketon Key element of the Freedom Lifestyle 26 Digital platform for the distribution and sale of tickets for cultural, sports, and business events. Note:* MAU – Monthly Active Users, DAU – Daily Active Users 1. As of September 2025. 2. Based on Company’s internal metrics. 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 Jan’25 99% 1% Dec’24 Feb’25 98% 2% 99% Mar’25 96% 4% 98% Apr’25 94% 6% May’25 2% 8% June’25 91% 9% July’25 92% 13% Aug’25 79% 21% Sep’25 87% Total number of unique clients Share of standalone clients Share of Freedom SuperApp clients Revenue Users1 3.4m MAU* Revenue Revenue 155k DAU* 78% Retention M71 3% Standalone 15% SuperApp Net Promoter Score1 Ticketon’s growth Ticketon’s turnover rose by more than 60% in the first nine months of 2025 against similar period in 2024 supported by strong customer acquisition and digital payment growth. Strong market position The company secured over 40 exclusive contracts for major 2025–2026 events, reinforcing its leadership in large-scale entertainment experiences. 165,504 136,375 160,753 187,228 167,378 140,756 101,584 123,901 124,335 184,333 Operational indicators2 Strong User Momentum The company achieved more than 90% of the 2025 annual plan during the first 9 months reflecting considerable interest from users. Attendance More than 10 major events in 2025 with 15,000–25,000 attendees each will be exclusively offered by Ticketon.
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Freedom Travel Key element of the Freedom Lifestyle 27 A platform for online purchasing of airline and railway tickets in Kazakhstan. Note:* MAU – Monthly Active Users, DAU – Daily Active Users 1. As of September 2025. 2. Based on users’ data for IOS and Android. 3. Based on Company’s internal metrics. Revenue Users Travel Avia1,2 325k MAU* Revenue Revenue 28k DAU* Users Travel Railways1,2 278k MAU 22k DAU SuperApp retention M71 23% Avia 16% Railways Integration with Freedom SuperApp Sales growth through the SuperApp significantly boosted overall revenue, ticket volume, and expanded the user base. Product expansion Following the launch of the self-booking tool in March 2025, Business Travel’s GMV grew by 71%. Operational indicators3 Rebranding “Aviata” was rebranded into Freedom Travel. The rebranding reflects the strengthening of the business's position and its integration into the Freedom Holding Corp. ecosystem. New service offering A new "Tours" service in the SuperApp was also launched. A unique combination of favorable conditions, expert support and a wide selection of tours in the market. 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 93% 7% Jan’25 85% 15% 96% Feb’25 78% 22% Mar’25 70% 30% Apr’25 64% 36% May’25Dec’24 39% June’25 57% 43% July’25 61% 54% Aug’25 41% 59% Sep’25 46% Total number of unique clients Share of standalone clients Share of Freedom SuperApp clients 83,986 85,852 71,253 77,021 82,551 98,541 98,627 107,218 108,922 105,057
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Freedom Media 28 Rights to Western content and in-house production Partners Disney, Warner, Paramount, Sony, NBC Universal Original TV series per year ~10 Broadcasting in 3 languages Investment amount $45 mln Channels >120 Dubbing of children’s content into the Kazakh language. Freedom Media is now part of Freedom SuperApp, pioneering full-scale streaming within a super app ecosystem. Over 3 million SuperApp users now have access to TV broadcasting and the world’s major sporting events and tournaments.
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Freedom Holding Corp. ESG
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30 Revenue Freedom Shapagat Corporate Foundation is established to optimize the process of selecting and supporting ESG projects. The Foundation focuses on environmental, social and governance factors as the main direction of its investment strategy. The Fund seeks to enhance the value of Freedom Holding Corp. by centralizing its charitable and sponsorship activities, fostering strategic partnerships, and driving sustainable growth through responsible investments. Mission Highlights Primary Sustainable Development Goals Revenue Kazakhstan Chess Federation Sponsorship aimed at the preparation and holding of Championships / tournaments / training camps / events within the framework of "Chess in Education“. Revenue QJ league Sponsorship support for the implementation of QJ League’s mission to build a strong and inclusive national football ecosystem. Revenue Aral Sea Restoration Sponsorship support for land restoration and climate initiatives in the Aral Sea region. Support for saxaul planting, pasture recovery, and carbon. Revenue Freedom Block at Suleyman Demirel University Construction of a AI Block and establishment of IT laboratories at Suleiman Demirel University to support educational and scientific-practical activities. Revenue Freedom Fandomats The project promotes recycling in Almaty and Astana through reverse vending machines, collecting plastic bottles and cans. Revenue Freedom grants Sponsorship support for the Freedom Grants project to provide free education for students at regional universities. Revenue Revenue Revenue+60 Projects +10 million people reached1 $45 million2 charity and sponsorship expenses for FY2025 Revenue In November 2024, Freedom Shapagat CF also became a participant to the UN Global Compact. As part of its participation, the Foundation undertakes to align its strategy and activities with the 10 main principles of the UN. ESG Freedom Shapagat Corporate Foundation 1. Number of people who learned about our projects by the end of 2024. 2. Freedom Holding Corp. Forms 10-K and 10-Q (United States Securities and Exchange Commission).
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Thank you