Client Growth - As of December 31, 2024, the number of banking clients increased to 1,407,000 from 904,000 as of March 31, 2024, representing a growth of 55%[187] - Freedom Life had 973,827 active contracts as of December 31, 2024, up from 616,301 active contracts as of March 31, 2024, indicating a growth of 58%[197] - Freedom Insurance reported an increase in active contracts to 567,931 as of December 31, 2024, compared to 190,872 as of March 31, 2024, reflecting a growth of 198%[198] - The number of retail brokerage customers rose to approximately 618,000 as of December 31, 2024, compared to approximately 530,000 as of March 31, 2024[213] Financial Performance - Total revenues for the three months ended December 31, 2024, were $655.2 million, a 57% increase from $418.6 million in the same period of 2023[211] - Net income for the three months ended December 31, 2024, was $78.1 million, down from $96.1 million in the same period of 2023[212] - Total revenue for the nine months ended December 31, 2024, was $1.686 billion, a 44% increase from $1.170 billion in the same period of 2023[269] - Net income for the nine months ended December 31, 2024, was $226.9 million, a decrease of 19% from $279.5 million in the same period of 2023[316] Asset and Liability Management - The total assets of Freedom Life reached approximately $510.1 million as of December 31, 2024, up from $371.5 million as of March 31, 2024[197] - Total assets increased to $9.1 billion as of December 31, 2024, up from $8.3 billion as of March 31, 2024[213] - As of December 31, 2024, total liabilities were $7.9 billion, including customer liabilities of $3.8 billion[346] Revenue Segmentation - The Brokerage segment reported a revenue increase of 29% to $213.33 million, driven by net gains on trading securities and increased fee and commission income[320][321] - The Banking segment's revenue rose by 47% to $206.37 million, primarily due to net gains on trading securities and derivatives[320][322] - The Insurance segment experienced a 106% revenue increase to $197.83 million, mainly from higher insurance underwriting income[320][323] Expense Management - Total expenses for Q4 2024 were $556.9 million, an increase of $249.8 million or 81% compared to $307.0 million in Q4 2023[241] - Total expenses, net for the nine months ended December 31, 2024, rose by 69% to $1.42 billion compared to $839.54 million in the same period of 2023[338] - Payroll and bonuses expense for Q4 2024 was $77.4 million, an increase of $32.3 million or 72% compared to Q4 2023, due to higher salaries and workforce expansion[255] Investment and Capital Expenditures - Capital expenditures for the construction of Elysium Tower in Cyprus amounted to approximately $8.2 million in fiscal year 2024, with an additional $2.0 million incurred in the first nine months of fiscal year 2025[354] - Freedom Telecom plans to enter the telecommunications market in Kazakhstan, with capital expenditures currently uncertain but expected to be significant[355] - Freedom Media, established on January 25, 2024, is projected to require approximately $54 million in capital expenditures over the next five years[357] Regulatory and Credit Ratings - S&P Global Ratings upgraded the long-term credit ratings of Freedom KZ, Freedom EU, Freedom Global, and Freedom Bank KZ from "B" to "B+" level on December 12, 2024[207] - The aggregate net capital and capital adequacy requirements of the company's subsidiaries was approximately $237.4 million as of December 31, 2024, all subsidiaries exceeded the minimum required amount[368] Strategic Initiatives - The company divested its Russian subsidiaries in February 2023 to focus on markets in Kazakhstan and Central Asia[183] - The company is in the process of obtaining a license to provide brokerage services in Turkey following regulatory approval on January 9, 2025[188] - An aggressive growth strategy has been pursued through both acquisitions and organic efforts, leading to revenue growth but also increased expenses and capital resource needs[370] Cash Flow Management - Net cash flows from operating activities for the nine months ended December 31, 2024, were $343.3 million, a significant improvement from a cash outflow of $1.4 billion in the same period of 2023[349] - Net cash used in investing activities was $652.6 million for the nine months ended December 31, 2024, compared to $593.0 million in the same period of 2023[352] - Net cash flows from financing activities were $833.6 million for the nine months ended December 31, 2024, down from $1.9 billion in the same period of 2023[353]

Core Insights - Freedom Financial Holdings reported a net income of $1,156,906 or $0.16 per diluted share for Q4 2024, a significant increase from a net income of $344,919 or $0.05 per diluted share in the previous quarter and a net loss of $2,006,392 or -$0.27 per diluted share in Q4 2023 [1][7] - For the full year 2024, net income reached $4,710,284 or $0.64 per diluted share, compared to $2,318,660 or $0.32 per diluted share in 2023, marking a 103.2% increase [2][7] Financial Performance - The company achieved a net interest income of $6.42 million in Q4 2024, up 5.34% from the previous quarter but down 5.10% from Q4 2023 [4] - The net interest margin for Q4 2024 was 2.44%, an increase of 12 basis points from the previous quarter but a decrease of 18 basis points from the same period in 2023 [4][7] - Non-interest income for Q4 2024 was $1.27 million, reflecting a 10.14% increase from the previous quarter and a 23.88% increase from Q4 2023 [9][10] Asset Quality - Non-accrual loans amounted to $13,672,696 or 1.78% of loans held-for-investment as of December 31, 2024, compared to 1.52% in the previous quarter [14] - The ratio of non-performing assets to total assets was 1.25% as of December 31, 2024, slightly up from 1.22% in the previous year [14] Capital and Liquidity - Total assets were reported at $1.09 billion as of December 31, 2024, a slight increase from $1.08 billion a year earlier [17] - The company maintained strong capital ratios, with a Total Capital Ratio of 14.35% and a Common Equity Tier 1 Ratio of 13.57% as of December 31, 2024 [19] Efficiency and Expenses - The Efficiency Ratio improved to 84.07% for Q4 2024, down from 88.13% in the previous quarter but higher than 73.93% in Q4 2023 [13][27] - Non-interest expenses increased by 1.21% compared to the previous quarter and by 12.25% compared to Q4 2023, primarily due to higher compensation and data processing costs [12][27]

Core Insights - The Awareness Group (TAG) has filed its 10-K for the fiscal year 2024, which includes only 13 days of TAG's results following the reverse merger with Freedom Holdings on September 17, 2024 [1][2] - TAG reported over $1.2 million in revenue during this brief period, which annualizes to over $33 million [2] - The pro-forma results for the 12-month period ended September 30, 2024, show total revenue of $9,558,549 and net operating income of $1,621,521 [3] Company Overview - TAG is positioned as a leader in the solar energy sector, offering innovative solar services and financing solutions through its TAG GRID platform [4] - The company manages projects from concept to installation, aiming to enhance service quality and customer satisfaction [4] - TAG Financial, the company's growth engine, includes TAG Financial Services and TAG Capital, focusing on providing exclusive lending products and managing loan portfolios [5] Future Outlook - TAG anticipates reporting its first full quarter results for fiscal 2025, which ended December 31, 2024, showcasing the potential of its business model [2] - The company is focused on organic growth and strategic acquisitions to enhance its market position and revenue streams [5]

Core Insights - Cansortium Inc. is the first dispensary in Florida to introduce Freedom Town Holdings' new flower window bags, enhancing product presentation and regulatory compliance [1] - The new "peekaboo" packaging allows patients to visually inspect cannabis flowers, improving trust and transparency in the purchasing process [2] - The mylar material used for the bags is lightweight, recyclable, and environmentally friendly, reducing the overall environmental impact of cannabis packaging [3] - The new packaging is a response to patient feedback, demonstrating Cansortium's commitment to innovation and enhancing the patient experience [4] - Cansortium operates under the FLUENT™ brand and is dedicated to high-quality cannabis production across multiple states [5] Company Overview - Cansortium Inc. is a vertically-integrated cannabis company with operations in Florida, Pennsylvania, and Texas, focusing on operational excellence in cultivation, production, distribution, and retail [5] - The company's common shares are traded on the CSE under the symbol "TIUM.U" and on the OTCQB Venture Market under "CNTMF" [6]

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FAIRFAX, Va., Oct. 25, 2024 /PRNewswire/ -- Freedom Financial Holdings (OTCQX: FDVA), (the "Company" or "Freedom"), the holding company for The Freedom Bank of Virginia (the "Bank") today announced net income of $344,919 or $0.05 per diluted share for the third quarter compared to net income of $2,044,233, or $0.28 per diluted share for the three months ended June 30, 2024, and net income of $1,318,378 or $0.18 per diluted share for the three months ended September 30, 2023. Pretax, pre-provision income1 wa ...

The OISTE Foundation, Gold Sponsor of the Vargas Llosa Chair at its IV Annual Conference "A Gathering for Culture in Freedom" Geneva, Switzerland – October 18, 2024: WISeKey International Holding Ltd. ("WISeKey" or the "Company") (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that, in collaboration with the OISTE Foundation, Gold Sponsor of the Vargas Llosa Chair at its IV Annual Conference "A Gathering for Culture in ...

The Awareness Group (TAG) and Freedom Holdings Close Reverse Merger Agreement lf Nvidia's stock continues to decline due to bearish sentiment and breaks through key support. levels, the potential downside tarqets could be as follows: 1. $100: Immediate psychological support level. 2. $95: Next key support level based on historical data. 3. $90: Further support level if the decline continues. Led by industry veteran Pablo Diaz, TAG is an emerging alternative energy company with solar, blockchain, marketing a ...

Brunswick Corporation's (BC) Freedom Boat Club (FBC), the world's largest boat club network, acquired the South Florida franchise operations and territory. The acquisition adds 13 corporate locations from Pompano Beach to Stuart, FL, accelerating the company's growth and expanding its corporate presence along the Southeast Florida coastline. Brunswick's shares moved up 4.4% during trading hours on Sept. 13, 2024. Situated near Freedom Boat Club's existing corporate locations in Fort Lauderdale, Miami, and I ...