Inferra AI / Company / FRHC
Freedom Holding Corp.
FRHC · Financials
Last earnings Feb 13, 2024
Key results
Reported revenuefull-year
$419 Million
REPORTS THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS With $419 Million in Reported Revenue, Company Remains on Pace for a Record Year ALMATY KAZAKHSTAN, FEBRUARY 12, 2024 Freedom Holding Corp.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Revenuequarter
$419 million
$419 million in revenue 2.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Net incomequarter
$96 million
Net income of $96 million, or $1.63 earnings per share, diluted 3.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
EPSquarter
$1.63
Net income of $96 million, or $1.63 earnings per share, diluted 3.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
New branch offices now include Italy, The Netherlands, Austria, and Bulgaria Third Quarter Financial Highlights The Company recognized revenue of approximately $419 million for the third quarter of fiscal 2024, compared to $214 million in the third quarter of fiscal 2023, a 96% increase.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Net income was approximately $96 million for the third quarter of fiscal 2024 compared to $62.4 million for the same period in fiscal 2023, a 54% increase, providing for basic and diluted earnings per share of $1.65 and $1.63, respectively.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Company's revenueytd
$1.2 billion
Nine Months Year to Date Financial Highlights For the nine months ending December 31, 2023, the Company's revenue totaled approximately $1.2 billion compared to $567 million for the prior year period, an increase of 107%.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Net incomeytd
$279 million
Net income was approximately $279 million for the first nine months of fiscal 2024, compared to $149 million for the same period in 2023, providing for basic and diluted earnings per share of $4.79 and $4.73, respectively.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Our Central Asia and Eastern European business lead the way for growth for our enterprise, which includes our Freedom Finance Bank, Freedom Finance Global, Freedom Finance JSC, and our insurance divisions Freedom Life and Freedom Insurance, Turlov remarked, contributing approximately $361 million in total revenue from these divisions.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
AI analysis
Q3 FY2024 · reported Feb 13, 2024
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 FY2024 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $419 million | — | — |
| Net income | $96 million | — | $149 million |
| EPS | $1.63 | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
This also coincided with increased interest expenses of approximately $131 million as the amount of short-term financing through repurchase agreements and percentage costs on clients' deposits have grown as well.
Company-stated claims
Historical · doubled · subscribers_users
“By March 2026, the number of registered users of SuperApp reached 5.2 million, having doubled within a year.”
10-K · Jun 1, 2026Historical · increase of 154% · subscribers_users
“In March 2026, monthly active users (MAU) climbed to 2.59 million, up from 1.02 million in March 2025, an increase of 154% year over year, while daily active users (DAU) averaged 634,578 compared with 183,000 in March 2025.”
10-K · Jun 1, 2026Event summary
REPORTS THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
This also coincided with increased interest expenses of approximately $131 million as the amount of short-term financing through repurchase agreements and percentage costs on clients' deposits have grown as well.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Strategy & priorities
Our Central Asia and Eastern European business lead the way for growth Commenting on the quarterly results, Timur Turlov, the Company's founder and chief executive officer, stated, Our fiscal year 2024 has been excellent thus far, highlighted by the planned diversification of our revenue streams and the healthy expansion of almost all business lines in each of our regions.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Our operating expenses grew in line with our strategic expansion In the third quarter of fiscal 2024, Freedom Holding Corp.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Our operating expenses grew in line with our strategic expansion plans for this year, which we fully expected, stated Turlov.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Highlighted by $96 million in net income, this was another great quarter for Freedom overall and despite market challenges, our growth story continues, driven by our strategy to diversify our revenue streams.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
's performance, reaching $226 million, an 182% year-over-year increase, largely due to the expansion of the Company's securities portfolio, an increase in the amount of bonds held as a percentage of total trading securities, an increase in margin loans and an increase in issued retail banking loans.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Risks & headwinds
Highlighted by $96 million in net income, this was another great quarter for Freedom overall and despite market challenges, our growth story continues, driven by our strategy to diversify our revenue streams.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
All forward-looking statements are subject to uncertainty and changes in circumstances.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements.
SEC original ↗Freedom Holding Corp. — Earnings release (8-K exhibit)EX-99Feb 13, 2024
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
33 documents- Q2 2026
- 8-KFRHC
Sep 17, 2026
- 10-QFRHC
Aug 10, 2026
- 8-KFRHC
Jul 10, 2026
- 8-KFRHC
Jul 10, 2026
- Q1 2026
- 8-KFRHC
Jun 29, 2026
- 8-KFRHC
Jun 12, 2026
- 10-KFRHC
Jun 1, 2026
- 8-KFRHC
Apr 9, 2026
- Q4 2025
- 10-QFRHC
- Q3 2025
- 10-QFRHC
- 8-KFRHC
Oct 1, 2025
- Q2 2025
- 10-QFRHC
- Q1 2025
- 10-KFRHC
Jun 13, 2025
- Q4 2024
- 10-QFRHC
- Q3 2024
- 10-QFRHC
- Q2 2024
- 8-KFRHC
Sep 23, 2024
- 10-QFRHC
- Q1 2024
- 10-KFRHC
Jun 14, 2024
- 8-KFRHC
Jun 3, 2024
- EX-99FRHC
Jun 3, 2024
- Q4 2023
- 8-KFRHC
Feb 29, 2024
- 8-KFRHC
Feb 13, 2024
- 10-QFRHC
- 8-KFRHC
Jan 25, 2024
- EX-99FRHC
Jan 25, 2024
- Q3 2023
- 8-KFRHC
Dec 1, 2023
- 10-QFRHC
- 8-KFRHC
Nov 8, 2023
- 8-KFRHC
Nov 6, 2023
- 10-QFRHC
Oct 10, 2023
- Q2 2023
- 8-KFRHC
Aug 24, 2023
- 8-KFRHC
Aug 14, 2023
- EX-99FRHC
Aug 14, 2023
Earnings releases
5 documentsPresentations
0 documentsNo presentations for Freedom Holding Corp. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Freedom Holding Corp. are held in this edition of the library.
Mentioned by
8 companiesOther tracked companies whose held documents mention Freedom Holding Corp. by name or ticker. A mention is counted once per document, from the document text the library holds.
“r this month, we completed the acquisition of the largest remaining franchise club in the Freedom network that serves the Boston and Cape Cod … …5.9 7.9 (25) % Net earnings $ 21.0 $ 20.2 4 % Earnings per common share: Basic ”
“e growth of our in-ground pool sales, sales growth in the Sand States, the acquisition of Freedom Pools, and the full year benefit of the 2025 price increase. Second Quarter & Six Month … …products; our ability to keep pace with technological develop”
“he Amazon PPA to 1,920 megawatts (“MW”), announced, financed, and closed on the accretive Freedom and Guernsey acquisitions, and announced… …from new debt issuances. Cornerstone Acquisition On January 15, 2026, Talen entered into a definitive merger ”
“ impairment charge, and the benefit from an insurance settlement related to the impact of Freedom Industries chemical… …forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 199”
Guardian Pharmacy Services, Inc. (GRDN)
“owth and the previously announced acquisitions of Heartland Pharmacy on April 1, 2024 and Freedom Pharmacy on November 1, 2024 (the acquisitions).… … Net income per share of Class A and Class B common stock 1 ”
“e integration of and anticipated benefits from the recent Cornerstone acquisition and the Freedom and Guernsey acquisitions, capital expenditures, earnings, litigation, regulatory matters,… …powering the digital infrastructure revolution. We are well”
Charles River Laboratories (CRL)
“l gas fired combined cycle generation plant located in Luzerne County, Pennsylvania (the “Freedom Acquisition”); and (ii) the Guernsey Power Station, a 1,836 MW (summer rating) natural gas fired combined cycle… … $ 92 $ (166) $ (146) Per Common S”
“generation plant located in Luzerne County, Pennsylvania, for $1.46 billion in cash (the “Freedom Acquisition”) and (ii) Guernsey Power Station, a 1,836 MW (summer rating) natural gas fired combined cycle generation… …further discussed below). The re”
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