**Freedom Holding Corp. Reports Fiscal Year 2025 Results**
Freedom Holding Corp. (FRHC) reported total revenues, net of $2.05 billion for the fiscal year ended March 31, 2025, compared to $1.67 billion for the previous fiscal year, representing a 23% increase. This growth was primarily driven by a 15% increase in fee and commission income, reaching $505 million, and a 134% surge in insurance underwriting income to $617.6 million. Interest income also contributed, rising 4% to $864.5 million, while the company experienced a net loss on trading securities of $57.8 million, a significant shift from the $133.9 million gain in fiscal year 2024, attributed to temporary market price decreases in Kazakhstan sovereign bonds.
The company's net income for fiscal year 2025 was $84.5 million, a decrease from $375 million in the prior year. Key operational developments included a 10% decrease in Freedom Bank Kazakhstan JSC ("Freedom Bank KZ") assets, a 38% decrease in trading portfolio, a 16% increase in loan portfolio, a 41% increase in deposit portfolio, and a 100% increase in held-to-maturity and available-for-sale securities. Retail brokerage customer accounts increased from 530,000 to 683,000, while Freedom Bank KZ's customer base grew from 904,000 to 2,515,000. The company's employee headcount stood at 8,691 as of March 31, 2025.
Strategic developments during the year included the expansion into the Kazakhstan telecommunications market through Freedom Telecom, involving acquisitions of local telecommunications companies, and the establishment of Freedom Media LLP to build a regional streaming platform. In April 2024, Freedom Bank KZ launched SuperApp, an all-in-one financial platform. The company's business strategy focuses on building financial products that combine advanced technology with user experience, aiming to lead through product quality and usability.
Looking ahead, Freedom Holding Corp. aims to build a network of banks, brokers, and digital financial infrastructure across Central Asia and beyond, leveraging data-driven customer understanding and maintaining a strong focus on governance and regulatory compliance. The company's strategic goals include regional and global expansion, data-driven customer understanding, and a strong focus on governance and regulatory compliance. The company also plans to continue investing in its digital fintech ecosystem, including the Freedom SuperApp and Tradernet platform, to enhance customer engagement and expand its service offerings.
About Freedom Holding Corp.
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