Freedom Holding reports Q1 EPS 57c vs. $1.15 last year

Reports Q1 revenue $450.72M vs. $316.21M last year. Timur Turlov, the company’s founder and chief executive officer, provided commentary on the quarter by stating, “As has been our process for the past number of years, we continue to direct our profits into the further expansion of our business and the first quarter of fiscal 2025 was no exception. With a $177 million increase in total expenses as compared to the same period last year, we managed to contribute over $34 million to the bottom line during the quarter. Our investments in people, systems, and the expansion of our fintech ecosystem continues to bear fruit, which is evidenced by a 188% increase in insurance underwriting income, a 51% increase in interest income, and a 17% increase in fee and commission income, with these three being our largest sources of revenue for the quarter.”