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

Rhea-AI Summary

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.

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

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.