Freedom (FRHC) Prnewswire·2025-06-15 15:05Core Insights - Freedom Holding Corp. reported a 23% increase in revenue for the fiscal year ending March 31, 2025, reaching $2.05 billion, up from $1.67 billion the previous year, indicating strong operational performance and customer growth across all sectors [2][8] - The company is transitioning towards a unified digital ecosystem that integrates various financial services, enhancing customer experience and operational efficiency [3][9] Financial Performance - Total assets increased to $9.9 billion, reflecting robust growth in the company's financial operations [2] - The insurance segment saw a significant increase in underwriting income, up 134% to $617.6 million, driven by high demand for pension and accident insurance products [4] - The brokerage division generated $717.3 million in revenue, while the banking segment posted $506.1 million [4] - Fee and commission income rose by 15% to $505.0 million, with brokerage services income increasing by 29% to $430.1 million [8] - Interest income increased to $864.5 million, a 4% rise, supported by margin lending and an expanded loan portfolio [8] Customer Growth - The number of brokerage accounts reached 683,000, a 29% year-on-year increase, while active accounts surged by 57% to over 151,000 [8] - The number of bank clients more than doubled to 2.5 million, and insurance customers reached 1.17 million, reflecting rising demand for integrated financial services [8] Strategic Initiatives - The company is investing significantly in developing its digital ecosystem, including the launch of Freedom Telecom and new media projects [5][6] - The focus remains on scaling technology, expanding geographically, and enhancing customer experience through artificial intelligence and product personalization [9] Market Position - Freedom Holding Corp. has a market capitalization exceeding $8 billion as of March 31, 2025, and operates in 22 countries [12]