Freedom Holding Corp. (FRHC) Reports Fiscal Year 2025 Results
Colaboradores
Freedom Holding Corp. (NASDAQ: FRHC), a multinational financial services firm with operations spanning 22 countries, has announced its fiscal year 2025 financial results. The company reported a revenue increase of 23%, reaching $2.05 billion, compared to $1.67 billion in fiscal year 2024.
Key Financial Highlights
- Revenue: $2.05 billion (23% increase year-over-year)
- Net Income: $84.5 million ($1.40 earnings per diluted share)
- Total Assets: $9.9 billion (as of March 31, 2025)
- Headcount: 8,764 employees (as of March 31, 2025)
The company's total expenses for fiscal year 2025 amounted to $1.94 billion, up from $1.23 billion in the previous year. Net income decreased to $84.5 million from $375 million, resulting in earnings per share of $1.43 (basic) and $1.40 (diluted), compared to $6.37 and $6.33, respectively, in the previous year.
Timur Turlov, Founder and CEO, commented, "Fiscal 2025 was another year of strong top-line growth for Freedom with revenue from both our brokerage and insurance businesses increasing by double-digits." He attributed the growth to the company's expanding range of fintech-based services and successful investments.
Recent Developments
Freedom Holding Corp. realigned its business into four segments in 2024: Brokerage, Banking, Insurance, and Other. This restructuring aims to improve operational efficiency and better cater to customer needs. The company has a strong presence in Kazakhstan and operations across Europe, Asia, and North America.
Freedom Bank Kazakhstan launched the SuperApp in April 2024, an all-in-one platform offering banking, payments, and investment services. The company also expanded its telecommunications services in 2024.
Shares of FRHC recently traded down, but institutional investors, including Acadian Asset Management LLC and Jane Street Group LLC, have been adjusting their positions in the company.