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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 underwriti
Company Reports Record Year, With 105% Increase in Reported RevenuesALMATY, KAZAKHSTAN / ACCESSWIRE / June 14, 2024 / Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the 12 months ended March 31, 2024, or fiscal 2024. Fiscal 2024 Highlights:Revenue totaled approximately $1.6 billion compared to $796 million for the prior fiscal year, an increase of 105%, primarily attributable to an increase in interest income, fee and commission income, and insurance underwriting income.Fee and commission income was $440 mill
Company Reports Record Year, With 105% Increase in Reported Revenues Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom", or the "Company"), a multi-national diversified financial services holding company with a presence through its subsidiaries in 20 countries, today announced its financial results for the twelve months ended March 31, 2024, or fiscal 2024. Commenting on the results, Timur Turlov, the Company's founder and chief executive officer, stated: "I am pleased to report that fiscal 2024 has been a record year for our company, both from a revenue and earnings perspective. Our core brokerage and banking businesses constituted approximately 75% of our revenue for the period and we c
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 underwriti
Company Continues Top Line Growth Trend with $655 Million in Reported Revenue Freedom Holding Corp. (the "Company") (NASDAQ:FRHC), a multinational diversified financial services holding company with a presence through its subsidiaries in 22 countries, today announced the financial results for their third quarter and first nine months of fiscal 2025. Highlights include the following: $655 million in revenue for the quarter Net income of $1.29 earnings per share, diluted, and $1.32 earnings per share, basic Total expenses of $557 million $9.1 billion in total assets 55% increase in overall customer base to 3.2 million $225 million in interest income, $178 million in insura
ISTANBUL, TR / ACCESSWIRE / January 14, 2025 / Freedom Holding Corp., a Nasdaq-listed diversified financial services company, is establishing a new brokerage firm in Turkey. The Capital Markets Board of Turkey, the country's regulatory authority, has decided to grant a license to Freedom Financial Services Inc., a subsidiary of Freedom Holding, to establish the new brokerage company, Freedom Yatirim Menkul Degerler JSC.Freedom Holding Corp.At the end of 2024, the CEO and founder of Freedom Holding, Timur Turlov, announced the company's plans to enter the brokerage services market in Turkey during 2025.Turlov stated that the company's advanced technology, which has been instrumental in its su
4 - Freedom Holding Corp. (0000924805) (Issuer)
4 - Freedom Holding Corp. (0000924805) (Issuer)
3 - Freedom Holding Corp. (0000924805) (Issuer)
10-Q - Freedom Holding Corp. (0000924805) (Filer)
10-Q - Freedom Holding Corp. (0000924805) (Filer)
8-K - Freedom Holding Corp. (0000924805) (Filer)
Citigroup Veteran Named Freedom Executive Vice President Appointment Recognizes Leadership and Contributions to Future Growth Freedom Capital Markets (FCM), the investment banking and equity capital markets arm of Prime Executions, Inc., a wholly-owned subsidiary of Freedom Holding Corp. (NASDAQ:FRHC) is pleased to announce the appointment of Citigroup veteran Jon V. Rogers as Executive Vice President and a member of FCM's Management and Investment Committees. "Jon will play a pivotal role in all strategic initiatives as we continue to expand Freedom's U.S. footprint and offerings. His experience analyzing equity transactions at Citi will also be very beneficial as we build out our inves
Board Approves Independent Registered Accounting Firm to Conduct Annual Audit for the 2023 Fiscal Year In an 8-K filing today, Freedom Holding Corp. (NASDAQ:FRHC) announced that it had appointed the independent registered public accounting firm Deloitte LLP in Kazakhstan ("Deloitte"), a member of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, for the fiscal year ending March 31, 2023. Deloitte, which had previously performed audits for certain Freedom Holding Corp. subsidiaries, replaces WSRP, LLC, a U.S.-based accounting firm. About Freedom Holding: Freedom Holding Corp. provides financial services, retail financial securities brokerage, investment counseli