Freedom Holding Corp. - FRHC STOCK NEWS

LD Micro, a subsidiary of Freedom U.S. Markets , has announced its 15th Annual Invitational event returning to New York on April 9-10, 2025, at The Westin Grand Central. The event will feature company presentations, one-on-one meetings, keynotes, panels, and evening entertainment.

Robert Wotczak, CEO of Freedom U.S. Markets, emphasized the event's role in providing a platform for small- and micro-cap sectors, facilitating engagement between industry leaders and investors. For eighteen years, LD Micro conferences have been showcasing emerging leaders in the small- and micro-cap sectors to global investors. The company maintains the LD Micro Index, which tracks micro-cap stock activity across North America.

Freedom Holding Corp. sponsored the 2024 FIDE World Blitz Championship at Cipriani Wall Street, New York. The tournament marked FIDE's 100-year anniversary and featured top Grandmasters competing in both Open and Women's sections. Magnus Carlsen and Ian Nepomniachtchi made history by agreeing to share the Open title after a seven-game tie-break final, while Ju Wenjun claimed victory in the Women's Blitz Championship against Lei Tingjie.

The championship was accompanied by the Wall Street Gambit Conference, combining chess with business innovation. FIDE President Arkady Dvorkovich praised the event's success in promoting chess globally. Freedom Holding Corp. CEO Timur Turlov emphasized the parallels between chess and business, highlighting shared values of strategy, trust, and resilience.

Freedom Holding Corp. (NASDAQ: FRHC) is sponsoring the 2024 FIDE World Rapid & Blitz Chess Championship in New York City from December 26-31. The tournament will feature approximately 300 elite chess players competing for a prize fund of nearly $1.5 million. The event includes 180 players in the open competition and 109 in the Women's tournament.

World's top-rated player Magnus Carlsen will defend his titles in both formats. The tournament introduces a new knockout stage and will feature prominent players including U.S. champion Fabiano Caruana and Women's World Champion Ju Wenjun. A special event, The Wall Street Gambit, will be held on December 29, bringing together chess legends and financial leaders.

Freedom Holding Corp.'s subsidiaries received credit rating upgrades from S&P Global Ratings. Four key subsidiaries - Freedom Finance, Freedom Finance Global, Freedom Finance Europe, and Freedom Bank Kazakhstan - saw their long-term issuer credit ratings elevated from 'B' to 'B+', while maintaining 'B' short-term ratings. The parent company's rating remained at 'B-' with a 'stable' outlook.

The company, which operates the largest retail brokerage franchise in Kazakhstan with expanding European presence, reported strong financial performance with total revenues reaching $1.03 billion (up 33.4%) and net profit increasing by 82% to $375 million for the six months ended September 30. Total assets grew to $8.82 billion from $8.30 billion in March 2024.

Freedom Holding Corp (NASDAQ) announces title sponsorship of the 2024 FIDE World Rapid & Blitz Chess Championships, marking the first-ever U.S. hosting of this prestigious event. The championship will be held from December 26-31, 2024, at 55 Wall Street in New York City.

The event will feature world-renowned players including Magnus Carlsen, Alireza Firouzja, Ian Nepomniachtchi, and Wesley So. The women's championship will showcase elite players like Alexandra Kosteniuk, Mariya Muzychuk, and Humpy Koneru.

As part of the championship, Freedom Holding will host the 'Wall Street Gambit' Chess and Finance Conference on December 29-30, featuring keynote speeches by chess legends and financial leaders, including Magnus Carlsen, Viswanathan Anand, Boaz Weinstein, and Kenneth Rogoff.

Freedom Holding Corp. (FRHC) is sponsoring the Wall Street Gambit, a unique chess and finance conference during the 2024 FIDE World Rapid & Blitz Championships on December 29 at Cipriani 55 Wall Street. The event features keynote speakers including Magnus Carlsen, D. Sculley, and Kenneth Rogoff, who will explore parallels between chess and finance. The conference includes a chess tournament, keynote speeches, roundtable discussions, VIP blitz games with chess legends, and networking opportunities. The event aims to showcase the intersection of strategic thinking in both chess and finance sectors.

The FIDE World Rapid & Blitz Chess Championship will make its North American debut in New York City's financial district from December 26-31, 2024. The tournament, sponsored by Freedom Holding Corp. (NASDAQ: FRHC), features a prize fund of nearly $1.5 million and will attract 300 of the world's best players. The event introduces a new knockout stage format and includes world-class players like Magnus Carlsen, Ian Nepomniachtchi, and Fabiano Caruana. For the first time, the championship will include a dedicated day for a Conference on Chess and Finance, bringing together chess legends and financial leaders.

Freedom Holding Corp. (NASDAQ:FRHC) reported strong Q2 FY2025 results with record revenue of $581 million, up 33% year-over-year. Net income reached $115 million with diluted EPS of $1.89. The insurance underwriting segment led growth with a 121% Y.O.Y. increase. Total assets reached $8.8 billion, with expansion to 189 offices and over 7,100 employees. The company saw significant customer base growth, with banking customers increasing 33% to 1.2 million and insurance customers up 58%. The Freedom SuperApp continues to drive the company's digital ecosystem across its financial services in Kazakhstan.

Freedom Holding Corp (NASDAQ: FRHC) reported strong Q2 FY2025 results with revenue of $581 million, up 33% year-over-year. Net income reached $115 million with diluted EPS of $1.89. The insurance underwriting segment led growth with a 121% Y.O.Y. increase. Total assets stood at $8.8 billion, with the company expanding to 189 offices and over 7,100 employees. The banking segment grew to 1.2 million customers, while insurance customers increased by 58%. The Freedom SuperApp continues to drive growth across all business segments.