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Freedom Holding Corp. Reports Third Quarter Fiscal Year 2025 Financial Results
Company Continues Top Line Growth Trend with $655 Million in Reported Revenue NEW YORK--(BUSINESS WIRE)-- Freedom Holding Corp. (the “Company”) (NASDAQ:
About this update from Freedom Holding Corp.
[{"type":"text","content":"\nCompany Continues Top Line Growth Trend with $655 Million in Reported Revenue\n\n\n NEW YORK--(BUSINESS WIRE)--\nFreedom 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:\n\n\n\n$655 million in revenue for the quarter\n\n\n\nNet income of $1.29 earnings per share, diluted, and $1.32 earnings per share, basic\n\n\n\nTotal expenses of $557 million\n\n\n\n$9.1 billion in total assets\n\n\n\n55% increase in overall customer base to 3.2 million\n\n\n\n$225 million in interest income, $178 million in insurance underwriting income, $143 million in fee and commission income, $90 million in net gain on trading securities.\n\n\n\nThird Quarter Financial Highlights:\n\n\nThe Company recognized revenue of approximately $655 million for the third quarter of fiscal 2025, compared to $419 million in the third quarter of fiscal 2024, a 56.5% increase. The Company's total expense was approximately $557 million in the third quarter of fiscal 2025 as compared to $307 million for the same period last year, an increase of approximately 81%.\n\n\nNet income was approximately $78 million for the third quarter of fiscal 2025 compared to $96 million for the similar period in the previous fiscal year, providing for basic and diluted earnings per share of $1.32 and $1.29, respectively. This compares to $1.65 and $1.63 per share, respectively, for the same period last year. Weighted average common shares outstanding used to compute diluted earnings per share for the three-month periods ended December 31, 2024, and 2023 were 60.5 million and 59.3 million, respectively.\n\n\n9 Months Year to Date Financial Highlights:\n\n\nFor the nine months ending December 31, 2024, the Company's revenue totaled approximately $1.7 billion compared to approximately $1.2 billion for the prior year period, an increase of 44%. The Company's operating expense was $1.4 billion for the period as compared to $840 million in the prior year period, an increase of 69%.\n\n\nNet income was approximately $227 million for the first nine months of fiscal 2025, compared to $280 million for the same period in fiscal 2024, providing for basic...