Risk factors
Freedom Holding (FRHC) risk factors
Item 1A of every Freedom Holding Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2026 10-K risk factors73 risks9 new8 dropped32 reworded
Proposed Kazakhstan AI data center could require approximately $2 billion and remains unapproved, unscoped and subject to partner terms.
Filed Jun 01, 2026 - FY2025 10-K risk factors72 risks
Rapid retail customer and employee growth strains infrastructure and operational risk management. Extensive reliance on Kazakhstan economic conditions, government debt securities, and related-party transactions with CEO Timur Turlov. Broad exposure to geopolitical tensions, international sanctions, and complex multi-jurisdictional financial regulations.
Filed Jun 13, 2025