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Freedom Holding Corp. Reports Strong Revenue Growth in Q3 2025 Fiscal Year, Driven by Brokerage and Banking Segments

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Freedom Holding Corp. (NASDAQ: FRHC) reported strong financial results for Q3 FY2025, with total revenue increasing 57% to $655.2 million from $418.6 million in Q3 FY2024. Total assets grew to $9.1 billion from $8.3 billion as of March 31, 2024.

Key performance highlights include a shift from a $5.1 million loss to an $89.6 million gain in trading securities, and a 125% surge in insurance underwriting income to $177.5 million. Segment-wise, brokerage revenue grew 29% to $213.3 million, banking revenue increased 47% to $206.4 million, and insurance revenue doubled to $197.8 million.

However, net income declined 19% to $78.1 million due to increased operational expenses, which rose to $556.9 million from $307.0 million. The company also acquired EliteCom for $3 million to develop its telecommunications business.

Freedom Holding Corp. (NASDAQ: FRHC) ha riportato risultati finanziari robusti per il terzo trimestre dell'anno fiscale 2025, con un aumento del fatturato totale del 57%, passando da 418,6 milioni di dollari a 655,2 milioni di dollari nel terzo trimestre dell'anno fiscale 2024. Gli attivi totali sono cresciuti a 9,1 miliardi di dollari, rispetto a 8,3 miliardi di dollari al 31 marzo 2024.

I principali risultati includono un passaggio da una perdita di 5,1 milioni di dollari a un guadagno di 89,6 milioni di dollari nei titoli negoziabili e un incremento del 125% nei proventi da sottoscrizione assicurativa, arrivando a 177,5 milioni di dollari. A livello di segmento, i ricavi da intermediazione sono aumentati del 29%, raggiungendo 213,3 milioni di dollari, i ricavi bancari sono aumentati del 47%, arrivando a 206,4 milioni di dollari, e i ricavi assicurativi sono raddoppiati a 197,8 milioni di dollari.

Tuttavia, l'utile netto è calato del 19%, scendendo a 78,1 milioni di dollari, a causa dell'aumento delle spese operative, che sono aumentate a 556,9 milioni di dollari, rispetto ai 307,0 milioni di dollari. La società ha anche acquisito EliteCom per 3 milioni di dollari, al fine di sviluppare la propria attività nelle telecomunicazioni.

Freedom Holding Corp. (NASDAQ: FRHC) reportó fuertes resultados financieros para el tercer trimestre del año fiscal 2025, con un incremento del 57% en los ingresos totales, alcanzando 655,2 millones de dólares, comparado con los 418,6 millones de dólares en el tercer trimestre del año fiscal 2024. Los activos totales crecieron a 9,1 mil millones de dólares desde 8,3 mil millones de dólares hasta el 31 de marzo de 2024.

Los aspectos destacados del rendimiento incluyen un cambio de una pérdida de 5,1 millones de dólares a una ganancia de 89,6 millones de dólares en valores negociables, y un aumento del 125% en los ingresos por suscripción de seguros, alcanzando 177,5 millones de dólares. Segmento por segmento, los ingresos de corretaje crecieron un 29% hasta 213,3 millones de dólares, los ingresos bancarios aumentaron un 47% hasta 206,4 millones de dólares y los ingresos por seguros se duplicaron a 197,8 millones de dólares.

Sin embargo, el ingreso neto disminuyó un 19% hasta 78,1 millones de dólares debido al aumento de los gastos operativos, que se elevaron a 556,9 millones de dólares desde 307,0 millones de dólares. La empresa también adquirió EliteCom por 3 millones de dólares para desarrollar su negocio de telecomunicaciones.

프리덤 홀딩 Corp.(NASDAQ: FRHC)는 2025 회계연도 3분기 재무 실적이 강력하게 나타났으며, 전체 수익이 418.6백만 달러에서 655.2백만 달러로 57% 증가했다고 보고했습니다. 총 자산은 2024년 3월 31일 기준 8.3억 달러에서 91억 달러로 증가했습니다.

주요 성과로는 5.1백만 달러 손실에서 89.6백만 달러의 이익으로 전환된 거래 증권에서의 성과와, 보험 인수 수익이 125% 증가하여 177.5백만 달러에 이르렀습니다. 세분화별로, 중개 수익은 29% 증가하여 213.3백만 달러에 도달하였고, 은행 수익은 47% 증가하여 206.4백만 달러로 늘어났으며, 보험 수익은 두 배 증가하여 197.8백만 달러에 도달했습니다.

그러나 순이익은 운영 비용 증가로 인해 19% 감소하여 78.1백만 달러에 이르렀으며, 운영 비용은 307.0백만 달러에서 556.9백만 달러로 증가했습니다. 회사는 또한 통신 비즈니스를 개발하기 위해 EliteCom을 300만 달러에 인수했습니다.

Freedom Holding Corp. (NASDAQ: FRHC) a annoncé des résultats financiers solides pour le troisième trimestre de l'exercice 2025, avec un chiffre d'affaires total en hausse de 57%, passant de 418,6 millions de dollars à 655,2 millions de dollars pour le troisième trimestre de l'exercice 2024. Les actifs totaux ont augmenté pour atteindre 9,1 milliards de dollars contre 8,3 milliards de dollars au 31 mars 2024.

Les faits marquants comprennent un passage d'une perte de 5,1 millions de dollars à un gain de 89,6 millions de dollars sur les valeurs mobilières négociées, ainsi qu'une augmentation de 125% des revenus d'assurance à 177,5 millions de dollars. Par segment, les revenus de courtage ont augmenté de 29% pour atteindre 213,3 millions de dollars, les revenus bancaires ont augmenté de 47% pour atteindre 206,4 millions de dollars, tandis que les revenus d’assurance ont doublé pour atteindre 197,8 millions de dollars.

Cependant, le revenu net a diminué de 19% pour atteindre 78,1 millions de dollars en raison d'une augmentation des dépenses opérationnelles, qui ont grimpe à 556,9 millions de dollars contre 307,0 millions de dollars. L’entreprise a également acquis EliteCom pour 3 millions de dollars afin de développer son secteur des télécommunications.

Freedom Holding Corp. (NASDAQ: FRHC) berichtete über starke Finanzergebnisse für das 3. Quartal des Geschäftsjahres 2025, wobei der Gesamterlös um 57 % auf 655,2 Millionen US-Dollar von 418,6 Millionen US-Dollar im 3. Quartal des Geschäftsjahres 2024 stieg. Die GesamAssets wuchsen auf 9,1 Milliarden US-Dollar von 8,3 Milliarden US-Dollar zum 31. März 2024.

Zu den wichtigsten Leistungskennzahlen gehört ein Wechsel von einem Verlust von 5,1 Millionen US-Dollar zu einem Gewinn von 89,6 Millionen US-Dollar aus Handelswerten und ein Anstieg der Einnahmen aus Versicherungsunterzeichnung um 125 % auf 177,5 Millionen US-Dollar. Segmentweise wuchsen die Brokergebühren um 29 % auf 213,3 Millionen US-Dollar, die Bankgebühren stiegen um 47 % auf 206,4 Millionen US-Dollar, während die Versicherungsgebühren sich verdoppelt haben und 197,8 Millionen US-Dollar erreichten.

Allerdings fiel der Nettogewinn um 19 % auf 78,1 Millionen US-Dollar aufgrund gestiegener Betriebskosten, die auf 556,9 Millionen US-Dollar von 307,0 Millionen US-Dollar anstiegen. Das Unternehmen erwarb auch EliteCom für 3 Millionen US-Dollar, um sein Telekommunikationsgeschäft auszubauen.

Positive
  • Total revenue increased 57% YoY to $655.2 million
  • Insurance underwriting income surged 125% to $177.5 million
  • Net gain on trading securities improved from -$5.1M to +$89.6M
  • Total assets increased to $9.1 billion
  • Fee and commission income grew from $120.2M to $143.4M
Negative
  • Net income declined 19% to $78.1 million
  • Total expenses increased 81% to $556.9 million

Insights

Freedom Holding's Q3 results reveal a compelling transformation story, marked by strategic diversification and robust growth across multiple revenue streams. The standout metric is the remarkable shift in trading securities performance, from a $5.1 million loss to a $89.6 million gain, demonstrating enhanced risk management and trading capabilities.

The revenue distribution analysis reveals a strategic masterpiece: the company has successfully transformed from a brokerage-dependent model to a balanced three-pillar structure. The insurance segment's explosive growth to $197.8 million (125% increase) showcases successful penetration into pension annuities and accident insurance. Meanwhile, the banking segment's $206.4 million revenue (47% growth) and brokerage's $213.3 million (29% increase) create a remarkably balanced revenue triangle.

However, the 19% decline in net income to $78.1 million amid 81% higher expenses ($556.9 million) signals growing pains that warrant attention. The expense surge, particularly in fees, commissions and administrative costs, suggests aggressive investment in growth infrastructure. The key question is whether these investments will translate into improved operational leverage in future quarters.

The $3 million EliteCom acquisition indicates a strategic push into telecommunications, potentially creating synergies with the company's financial services ecosystem. This vertical integration could enhance client engagement and create additional revenue streams, though execution risks exist.

With total assets reaching $9.1 billion and serving over 7 million clients, Freedom Holding has built a substantial foundation. The diversified revenue model reduces concentration risk and positions the company well for sustainable growth, despite near-term margin pressure from investments in expansion.

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NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Freedom Holding Corp. (NASDAQ: FRHC), a U.S.-based financial services company, has announced its financial results for the quarter ended December 31, 2024. The holding company reported a 57% increase in total revenue, with revenues reaching $655.2 million compared to $418.6 million in the same quarter of 2023. Total assets increased to $9.1 billion from $8.3 billion as of March 31, 2024.

The company’s revenue has surged due to the increase of net gain on trading securities, which has risen from a $5.1 million loss to a $89.6 million gain. Additionally, company’s performance was significantly bolstered by its insurance underwriting income, which surged by 125% to $177.5 million, reflecting the expansion of pension annuities and accident insurance operations. The banking segment also demonstrated robust growth, with a 47% increase in revenue compared to the same period last year.

"In the era of globalization, we are building the Freedom ecosystem as a unified platform where diverse business segments — ranging from banking and insurance to lifestyle services — seamlessly interact to serve over 7 million clients. Recently, the holding’s revenue has become significantly more diversified; while brokerage was once the primary income driver, revenue is now evenly distributed across the insurance and banking segments, creating a more stable and balanced ecosystem," Timur Turlov, the founder of Freedom Holding, said.

Segment Performance

Brokerage: Revenue increased by 29% to $213.3 million, driven by an increase in net gains on trading securities and fee and commission income.

Banking: Revenue rose by 47% to $206.4 million, supported by net gains on trading securities and derivatives.

Insurance: Revenue doubled to $197.8 million, reflecting strategic growth in insurance underwriting income.

Other Segments: Revenue grew by 120% to $37.7 million, largely due to net gains on foreign exchange operations.

Despite strong revenue growth, the company's net income declined by 19% to $78.1 million, compared to $96.1 million in the previous year’s quarter. This was due to increased fees and commission expenses, general and administrative expenses, payroll and bonuses, advertising costs and stock-based compensation expenses. Total expenses for the quarter amounted to $556.9 million, up from $307.0 million in Q3 2024 fiscal year.

During the same period, fee and commission income increased from $120.2 million to $143.4 million.

Freedom Holding Corp. remains committed to expanding its product portfolio, improving operational efficiencies, capitalizing on emerging market opportunities, and considering selective acquisitions. In October 2024, the company acquired EliteCom, a telecommunications services company, for $3 million. The acquired licenses and assets will be used to develop Freedom Holding's own telecommunications business.

About Freedom Holding Corp.

Freedom Holding Corp. is an international financial and investment services group specializing in capital markets, asset management, and brokerage services.

Freedom Holding Corp.'s common shares are registered with the United States Securities and Exchange Commission and trade on the Nasdaq Capital Market under the symbol FRHC. The Company has its principal market of operation in Kazakhstan and operates through its subsidiaries in 22 countries. With a strong presence in Central Asia, Europe, and the U.S., the company is committed to delivering innovative financial products to individual and institutional investors.

For more information, visit www.freedomholdingcorp.com

Natalia Kharlashina

PR Department

Freedom Holding Corp.

prglobal@ffin.kz


FAQ

What was Freedom Holding Corp's (FRHC) revenue growth in Q3 2025?

Freedom Holding Corp reported a 57% increase in total revenue, reaching $655.2 million compared to $418.6 million in Q3 2024.

How much did FRHC's insurance segment revenue grow in Q3 2025?

FRHC's insurance segment revenue doubled to $197.8 million, with insurance underwriting income increasing 125% to $177.5 million.

Why did FRHC's net income decline in Q3 2025?

FRHC's net income declined 19% to $78.1 million due to increased fees, commission expenses, administrative expenses, payroll, bonuses, advertising costs, and stock-based compensation.

What acquisition did FRHC make in October 2024?

FRHC acquired EliteCom, a telecommunications services company, for $3 million to develop its own telecommunications business.

How much did FRHC's banking segment revenue increase in Q3 2025?

FRHC's banking segment revenue increased by 47% to $206.4 million, supported by net gains on trading securities and derivatives.

Freedom Holding Corp.

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