Freedom Holding Corp., a multinational diversified financial services holding company, has announced impressive financial results for its third quarter and the first nine months of fiscal 2025, highlighting marked improvements across the board.
For the quarter ending December 31, 2024, the company reported revenues of approximately $655 million, representing a remarkable 56.5% increase from the $419 million recorded during the same period last year. This positive trend stems from the firm's growing customer base, which surged to 3.2 million, reflecting a 55% increase.
Despite this significant revenue growth, net income for Q3 2025 saw a decrease to approximately $78 million, down from $96 million the previous year. The diluted earnings per share also fell, reporting $1.29, compared to $1.63 last year. The total expenses for the quarter rose sharply to $557 million, up from $307 million during the same quarter of the previous fiscal year, reflecting increased operational investments.
Looking over the first nine months of fiscal 2025, Freedom Holding Corp. reported total revenues of around $1.7 billion, up from roughly $1.2 billion for the same period last year—an increase of 44%. While net income for this period also declined to $227 million from $280 million, the company remains optimistic about its financial health, showcasing growth investments.
Timur Turlov, the Company's founder and CEO, commented on the results, expressing satisfaction with the performance, “I am pleased to report Freedom Holding Corp. delivered another record quarter on several fronts. Our investments in digital infrastructure, AI, and our diversified fintech services are clearly contributing to our growth.”
The strength of its customer growth is attributed to innovative service offerings. Turlov highlighted the success of their loyalty cashback program, which allows customers to earn cash back linked to the value of Freedom Holding Corp. shares—an approach not commonly seen within the region’s financial marketplace. This unique offering has been met with enthusiasm from customers.
Another important area of growth for Freedom Holding is its banking services. The company reported significant advancements, with the banking division serving over 1.4 million clients and leveraging the Freedom SuperApp, facilitating easy access to products and services.
“The SuperApp not only provides access to the best products and services within our ecosystem, but also allows customers to shop, compare, save money, and earn cash back,” Turlov added, emphasizing the strategic focus on enhancing customer experience.
Freedom Holding’s insurance segment also showcased impressive results. Turlov noted, “During the quarter, Freedom Insurance set a record of 1,399 online policies sold in one day.” This upward trend is attributed to the 100% digital, convenient nature of their insurance products, leading them to rank among the top providers within the region.
With total assets recorded at $9.1 billion, up from $8.3 billion at the end of the last fiscal year, the overall financial health of Freedom Holding Corp. appears to be resilient and forward-looking. The company is actively enhancing its digital ecosystem and deploying new AI-based technologies to improve services across various sectors, including insurance risk assessments, which Turlov explained would have long-term benefits.
The company has faced challenges, particularly with operating expenses, which included significant increases in marketing and commission costs. Turlov acknowledged these factors but noted they were accounted for within their expectations as the company scales its operations. “We expect continued growth, supported by our digital developments and innovative financial products,” he asserted.
With growing customer numbers across its divisions and continuous innovations, Freedom Holding Corp. is positioning itself strategically for future expansion. The recent financial results paint a picture of growth driven by customer engagement and technological advancements, promising strong potential going forward.
For more information on Freedom Holding Corp. and its subsidiaries, readers can visit their official website.