Freedom Holding Corp. Reports Significant Revenue Growth in Fiscal Year 2025

ALMATY, Kazakhstan — Freedom Holding Corp. (FRHC), a diversified financial services company, announced its fiscal year 2025 financial results on June 13, 2025, revealing a 23% increase in revenue, totaling $2.05 billion compared to $1.67 billion in the previous fiscal year.

The company also reported total assets that have grown to $9.9 billion as of March 31, 2025, up from $8.3 billion in the previous year. However, net income saw a significant decline, falling 77% to $84.5 million from $375 million, which impacted earnings per diluted share that dropped to $1.40 from $6.33.

Increased expenses were reported at $1.94 billion, compared to $1.23 billion in fiscal year 2024, contributing to the decline in net income. Notably, fee and commission income increased by 15%, reaching $505 million, driven by growth in retail brokerage customers which surged from 530,000 to 683,000.

Furthermore, Freedom’s insurance underwriting income jumped to $617.6 million, up from $264.2 million, owing to an expanded customer base now totaling 1.17 million. The company also diversified its offerings by acquiring Astel Group Ltd. for $22.6 million, marking its entry into Kazakhstan’s telecommunications sector.

Looking ahead, Freedom’s CEO Timur Turlov highlighted plans for continued investments in digital infrastructure and artificial intelligence, aiming to enhance the company’s brokerage, banking, and insurance services. The company is also set to join the Russell 3000® Index on June 27, 2025, which may improve its visibility to investors.