sur Freedom Holding Corp. (NASDAQ:FRHC)
Freedom Holding Corp. Reports Fiscal Year 2024 Financial Results
Freedom Holding Corp. (NASDAQ:FRHC), operating in 20 countries, announced strong financial results for fiscal year 2024. Revenues rose to $1.6 billion, up 105% from the previous year, driven by increased interest income, fee and commission income, and insurance underwriting.
Fee and commission income reached $440 million, a 35% increase, supported by the growth in retail brokerage customers and trading volumes. Interest income grew by 181% to $828 million. Net income for the year was $375 million, up from $206 million in 2023. Earnings per share improved to $6.37 from $3.50.
Total assets increased to $8.3 billion, with significant growth in the proprietary trading portfolio and customer loans. The Company expanded through acquisitions and opened new offices in Europe. The Shapagat Non-Profit Corporate Fund has also supported various community projects.
Freedom Holding Corp. appointed a new Chief Compliance Officer and Chief Risk Officer in 2023 to strengthen governance. The company plans further digital integration and market expansion in Europe and Central Asia in fiscal 2025.
R. P.
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