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Freedom Holding Corp., a diversified financial services company based in Kazakhstan, has released its financial results for the fiscal year ending March 31, 2025. The company reported revenues of $2.05 billion, reflecting a remarkable year-over-year increase of 23%, highlighting the success of its growth strategy across various business areas.
In terms of profitability, the company achieved a net income of $84.5 million, with earnings per share at $1.43, based on a weighted average of 59.4 million shares. This positive performance has been supported by a strong 134% increase in insurance subscription revenue, which reached $618 million. Additionally, interest and commission income also showed significant growth, increasing by 4% and 15% respectively, driven by the rise in client activity on the company’s brokerage platforms.
Timur Turlov, CEO and founder of Freedom Holding Corp., stated that fiscal year 2025 witnessed solid growth, thanks to advancements in its brokerage and insurance segments. He emphasized that investments in digital infrastructure and artificial intelligence have been key to diversifying and improving its fintech services.
At the close of the financial period, the company’s total assets increased by 19% compared to the previous year, reaching $9.9 billion. The employee count also expanded significantly, totaling 8,764 workers, reflecting the rapid evolution of the firm in Kazakhstan and other important markets.
Furthermore, the company has made strides in its fintech ecosystem, most notably with the launch of the Freedom SuperApp in April 2024, which combines brokerage, banking, and insurance services. This app has achieved over one million monthly active users and approximately 183,000 daily users in its first year of operation.
Investor confidence continues to grow, and Freedom’s market capitalization has surpassed $10 billion, multiplying twelvefold since its IPO in 2019. This growth has led the company to be included in the Russell 3000® index, which encompasses about 98% of the U.S. stock market.
Looking ahead to fiscal year 2026, Turlov reaffirmed the company’s commitment to creating a digital financial ecosystem that benefits various sectors, asserting that its continued investment in artificial intelligence and geographical diversification positions them favorably for sustainable long-term growth.
Referrer: MiMub in Spanish