Welcome to our dedicated page for Freedom Holding news (Ticker: FRHC), a resource for investors and traders seeking the latest updates and insights on Freedom Holding stock.
Freedom Holding Corp. operates as a multinational diversified financial services and technology holding company with brokerage, banking, insurance and other digital-service businesses. News about FRHC commonly covers financial results, brokerage account balances, insurance premium trends, bank ratings, and expansion of its financial and digital ecosystem across countries including Kazakhstan and the United States.
Company updates also address Freedom Bank, Freedom Broker, Freedom Life, Freedom insurance, the SuperApp, telecommunications, online payments, e-commerce, ticketing, travel and lifestyle services, and technology acquisitions such as ChessBase. Capital actions and governance communications appear when the company reports common stock matters or shareholder events.
Freedom Holding Corp. (NASDAQ:FRHC) has announced its sponsorship of two major chess events: the 2025 FIDE World Schools Team Championship and the Smart Moves Summit, scheduled for August 3-6, 2025, in Alexandria, near Washington, D.C.
The championship will unite young chess players from 47 countries, marking the first time school chess teams will compete in the U.S. capital. The company's founder and CEO, Timur Turlov, who also heads the International School Chess Federation (ISCF), emphasizes the importance of supporting young chess talent and creating opportunities for the next generation.
First Trust Financials AlphaDEX Fund (NASDAQ: FXO) has become the second-largest shareholder of Freedom Holding Corp. (NASDAQ: FRHC), following its acquisition of 185,000 shares. The investment makes FXO the largest institutional investor after CEO Timur Turlov, with FRHC now representing a 1.22% weighting in the fund's underlying index.
The investment highlights Freedom Holding's strong fundamentals and growth potential. S&P Global Ratings has revised the outlook for FRHC's core subsidiaries from "Stable" to "Positive" while maintaining their 'B+/B' credit ratings. The parent company's rating remains at 'B-' with a Stable outlook. Additionally, the Stanford Graduate School of Business has included FRHC as its first Central Asian case study.
Freedom Holding Corp. (NASDAQ: FRHC), a multinational financial services company, received positive outlook revisions from S&P Global Ratings for its key subsidiaries. S&P affirmed B+/B ratings for Freedom Finance JSC, Freedom Finance Europe, Freedom Finance Global, and Freedom Bank Kazakhstan, while maintaining Freedom Holding Corp.'s B- rating with stable outlook.
The upgrade reflects significant improvements in risk management and compliance. Despite a reduction in fiscal 2025 due to banking segment losses, the company maintains strong earnings with a three-year average core earnings to risk-weighted assets of 2.6%. The company serves approximately 5 million customers, including 4.4 million financial clients, through its SuperApp platform.
S&P indicated potential for further rating upgrades within 12 months, contingent on continued strengthening of risk management, maintaining moderate risk appetite, and keeping capitalization above 10%.
Freedom Holding Corp. (NASDAQ:FRHC) has been selected for inclusion in the Russell 3000® Index, effective after market close on June 27, 2025. The index tracks the performance of the largest 3,019 U.S. companies, representing approximately 98% of the investable U.S. equity market. The inclusion follows FRHC's strong financial performance, with revenues reaching $655 million in Q3 FY2025, marking a 56.5% year-over-year increase. The company serves over 7 million clients across 22 countries through its diversified operations in brokerage, banking, insurance, and fintech services.
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.
Freedom Holding Corp. (NASDAQ: FRHC) reported strong Q3 fiscal 2025 results with revenue reaching $655 million, a 56.5% increase from Q3 2024. The company achieved net income of $78 million with diluted EPS of $1.29. Key revenue streams included $225 million in interest income, $178 million in insurance underwriting income, and $143 million in fee and commission income.
Total assets grew to $9.1 billion, with customer base expanding 55% to 3.2 million. The company's banking segment grew 56% while insurance segment increased 82%. Operating expenses rose 81% to $557 million, including increased advertising and insurance claims. The Freedom SuperApp now serves 522,486 users, with Freedom Bank KZ reaching 1.4 million customers.
Freedom Holding Corp. (NASDAQ: FRHC) has received approval from Turkey's Capital Markets Board to establish a new brokerage firm, Freedom Yatirim Menkul Degerler JSC. The company plans to enter the Turkish brokerage services market in 2025, leveraging its successful European technology platform that has attracted 320,000 customers.
CEO Timur Turlov expressed confidence in gaining market share through integrated mobile applications with banking services, offering access to both domestic and international markets. The company plans to allocate 20-30% of its annual profit for Turkish expansion. For the six months ended September 30, Freedom Holding reported total revenues of $1.03 billion and net profit of $375 million.
LD Micro, a subsidiary of Freedom U.S. Markets , has announced its 15th Annual Invitational event returning to New York on April 9-10, 2025, at The Westin Grand Central. The event will feature company presentations, one-on-one meetings, keynotes, panels, and evening entertainment.
Robert Wotczak, CEO of Freedom U.S. Markets, emphasized the event's role in providing a platform for small- and micro-cap sectors, facilitating engagement between industry leaders and investors. For eighteen years, LD Micro conferences have been showcasing emerging leaders in the small- and micro-cap sectors to global investors. The company maintains the LD Micro Index, which tracks micro-cap stock activity across North America.