ALMATY,
Kazakhstan, June 15,
2025 /PRNewswire/ -- 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).
Contact
Public Relations
Natalia
Kharlashina
Freedom Holding
Corp.
prglobal@ffin.kz
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SOURCE Freedom Holding Corp.