Freedom Holding Corp Reports Strong Revenue Growth

Freedom Holding Corp ( (FRHC) ) has released its Q3 earnings. Here is a breakdown of the information Freedom Holding Corp presented to its investors.

Freedom Holding Corp, a financial services company engaged in brokerage, banking, and insurance sectors, along with various lifestyle services, reported its quarterly earnings highlighting notable financial growth and strategic operations across its global subsidiaries.

In its latest earnings report, Freedom Holding Corp showcased a substantial increase in overall revenue, reaching $655 million for the quarter ending December 31, 2024, compared to $419 million in the same period of the previous year. This growth was driven by significant contributions from fee and commission income, interest income, and insurance underwriting, reflecting the company’s diversified revenue streams.

The report highlighted key metrics such as a rise in total assets to $9.1 billion, up from $8.3 billion at the beginning of the fiscal year. Shareholders’ equity also increased to $1.26 billion, despite a decline in net income attributable to common shareholders to $78 million from $96 million in the previous year. The company’s earnings per share adjusted slightly, with basic earnings per share being $1.32.

Financial strategies included an expansion in their insurance activities and an increase in available-for-sale securities, demonstrating a focus on strengthening their investment portfolio. Moreover, the company saw a significant rise in customer liabilities, indicating a growing client base and expanded market influence.

Looking ahead, Freedom Holding Corp remains poised for continued growth as it aims to leverage its broad international presence and robust financial platform to explore new opportunities in the securities and financial services markets, while managing risks associated with market fluctuations and geopolitical factors.