Freedom Holding Corp. (NASDAQ: FRHC), the diversified
financial group with operations spanning 22 countries, today reported financial
results for the fiscal year ended March 31, 2025, highlighting continued growth
across core segments and meaningful progress on its digital ecosystem strategy.
Revenue for the year increased by 23% to $2.05 billion, up
from $1.67 billion the previous year. The company delivered strong operational
performance. Total assets increased to $9.9 billion, and customer growth
remained strong across all sectors.
“Our 2025 results show
that the strategy we’ve been building for years is paying off,” said Timur
Turlov, founder and CEO of Freedom Holding Corp. “We are transitioning from
a collection of financial products to a unified ecosystem that touches nearly
every aspect of our customers’ financial lives. We’re proud of the growth we’ve
achieved, especially in our core businesses, and excited about what lies
ahead.”
Fiscal
2025 Highlights
· The
company delivered strong operational growth, with total revenue reaching $2.05
billion — a 23% increase on the $1.67 billion recorded the previous year. This
growth was driven by increased activity in brokerage and insurance segments, as
well as higher interest income from margin and customer loans, reflecting the
continued expansion of the company’s diverse financial ecosystem.
· Fee and
commission income totaled $505.0 million, marking a 15% increase from $440.3
million in fiscal 2024. This growth was primarily fueled by a 29% increase in
income from brokerage services, reaching $430.1 million, supported by an
expanding retail customer base.
· Interest
income increased to $864.5 million, a 4% rise on the previous year. This was
driven by increased margin lending to retail clients and an expanded loan
portfolio at Freedom Bank KZ. Margin loan interest increased by 21%, while
interest from customer loans grew by 18%. Increased returns from
available-for-sale securities also contributed to gains, though income from
trading securities declined amid market volatility.
· Earnings
per share were $1.43 (basic) and $1.40 (diluted), compared to $6.37 (basic) and
$6.33 (diluted) in fiscal 2024. Net income amounted to $84.5 million.
· Brokerage
accounts reached 683,000, marking a 29% year-on-year increase, while active
accounts surged by 57% to surpass 151,000. The number of bank clients more than
doubled to 2.5 million, and the number of insurance customers reached 1.17
million, reflecting the rising demand for integrated financial services.
The insurance segment was one of the year’s top performers,
with underwriting income up 134% to $617.6 million amid robust demand for
pension and accident insurance products. The brokerage division generated
$717.3 million in revenue, with fee and commission income, as well as interest
income, remaining strong. The company’s banking segment posted $506.1 million
in revenue, while the “Other” segment — which includes lifestyle, telecom, and
payment services — saw revenue increase 72% to $144 million, buoyed by
contributions from e-commerce platform Arbuz, ticketing service Aviata, and
newly acquired SilkNetCom LLP.
Freedom Holding took further bold steps to diversify its
operations beyond finance. In 2024, it expanded its telecommunications business
under the name Freedom Telecom and launched new media projects. These ventures
form part of a broader plan to develop a comprehensive digital ecosystem
centered on the company’s flagship Freedom SuperApp, which integrates
investing, banking, payments, and lifestyle services on a single platform.
“This year is a period of large-scale investments in
the development of the holding’s ecosystem for us. We are reinvesting a
significant portion of the income from our key business areas into
strengthening and growing the group’s companies. This strategy is already
yielding results: our market position is strengthening, and our presence is
expanding. At the same time, we continue to invest in business development in
new regions — both where licenses have already been obtained and where they are
still in the process of being acquired,” noted Timur Turlov.
The holding continued to provide sponsorship support to
various initiatives: the Kazakhstan Chess and Tennis Federations, the
Competitive Programming Federation, the Junior Football League of Kazakhstan,
and other organizations.
The company’s focus remains on scaling its technology,
expanding geographically, and deepening customer experience through artificial
intelligence and product personalization.
“We believe connected
ecosystems will define the next era of finance,” said Turlov. “By combining
traditional financial stability with tech-enabled innovation, we’re building
something that goes far beyond banking or brokerage. We’re building infrastructure
for how people live, spend, save, and grow.”
About
Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22
countries, including Kazakhstan, the United States, Cyprus, Poland, Spain,
Uzbekistan, and Armenia. The Company’s principal executive office is located in
New York City.
In Kazakhstan, Freedom is actively developing its financial
and digital ecosystem, which includes Freedom Bank, Freedom Broker, the
insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle
segment that features Arbuz.kz, Freedom Ticketon, and Aviata.
Freedom Holding Corp. shares are traded on the U.S.
technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the
Astana International Exchange (AIX) under the ticker symbol FRHC. The Company
has a market capitalization exceeding $8 billion as of March 31, 2025. Freedom
Holding Corp. is regulated by the U.S. Securities and Exchange Commission
(SEC).
This article was written by FL Contributors at www.forexlive.com.