Latest news with #FreedomHoldingCorp
Miami Herald
6 days ago
- Business
- Miami Herald
Freedom Holding Corp. Sponsors the 2025 FIDE World Schools Team Championship and Smart Moves Summit
NEW YORK CITY, NY / ACCESS Newswire / July 23, 2025 / Freedom Holding Corp., a NASDAQ-listed global financial services and technology company, is honored to sponsor the upcoming 2025 FIDE World Schools Team Championship and the Smart Moves Summit. The championship will be held August 3-6, 2025, and the summit will take place August 4-5, 2025,at Episcopal High School in Alexandria, in the Washington, D.C. area. These events will bring together young, talented chess players from 47 countries, as well as leading figures in education, technology, and innovation. It is the first time that school chess teams will compete in the U.S. capital. Timur Turlov, founder and CEO of Freedom Holding, also serves as the head of the International School Chess Federation (ISCF). Motivated by a passion for the game, he is dedicated to nurturing and supporting young chess players around the world. "Behind every young chess player is a story of effort and curiosity. Though they come from different countries, they share a love for learning, strategy, and challenge. We believe these stories deserve a global stage. Supporting the FIDE World Schools Team Championship and the Smart MovesSummit creates space for youngminds to connect,grow, and be seen. At Freedom Holding, we're proud to stand behind institutions that open opportunities for the next generation," says Timur Turlov. We invite media representatives to join us in covering this truly global gathering. The championship will feature exciting contests between some of the world's most gifted young players. Meanwhile, the summit will provide a platform for in-depth discussions and fresh perspectives on how strategic thinking and innovation can shape the future. Apply for media accreditation by sending an email to prglobal@ to gain exclusiveaccess to: Interviews with players, coaches, and thought leadersKey championship rounds and awardceremoniesExpertpanels and keynotesessions at the Smart Moves Summit The founder of Freedom Holding, Timur Turlov, may also be available for interviews. Learn more about these events: Championship website: Smart Moves Summit: For accreditation, pleasecontact us at: prglobal@ About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's executive headquarters is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE),and the Astana International Exchange(AIX) under the ticker symbol FRHC. The Company has a market capitalization exceeding $8 billion as of March 31, 2025. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). SOURCE: Freedom Holding Corp. press release
Business Insider
07-07-2025
- Business
- Business Insider
First Trust Financials AlphaDEX becomes the largest shareholders of Freedom Holding after Timur Turlov
New York, United States, July 7th, 2025, FinanceWire As part of its scheduled portfolio rebalancing, the First Trust Financials AlphaDEX Fund (NASDAQ: FXO) acquired 185,000 shares of Freedom Holding Corp. (NASDAQ: FRHC), adding them to its portfolio. As a result of this transaction, the fund has become the second largest shareholder of the company, following its founder and CEO, Timur Turlov. FRHC now holds a 1.22% weighting in the index that underlies the fund's structure. FXO is an exchange-traded fund (ETF) that tracks the performance of the StrataQuant Financials Index. This index includes companies from the financial services sector that are selected using the AlphaDEX methodology. This methodology screens stocks based on fundamental growth and value factors, highlighting Freedom Holding's appeal as a company with significant growth potential and robust investment fundamentals. "We are pleased to see that Freedom Holding has attracted the attention of such institutional investors as First Trust. This is a confirmation that our strategy of sustainable growth, digital transformation and building a full-fledged financial ecosystem resonates with the professional investment community," commented CEO Timur Turlov. FRHC's inclusion in the fund indicates a high evaluation of the company's business momentum, especially given its ongoing development of a comprehensive financial ecosystem. In recent months, Freedom Holding has significantly expanded its product range, strengthened its market presence, and continued to transform its platforms digitally. These initiatives, alongside strong financial performance, have led to an enhanced investment rating and a more robust position within the S&P index. International credit rating agency S&P Global Ratings has recently revised the outlook on Freedom Holding Corp.'s core operating subsidiaries from 'Stable' to 'Positive,' while affirming their credit ratings at 'B+/B'. The revised outlook applied to Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. The rating of the parent company, Freedom Holding Corp., was affirmed at 'B-' with a Stable outlook. The addition of FRHC to FXO's portfolio serves as further confirmation that Freedom Holding meets the stringent selection criteria of leading institutional investors and continues to solidify its position as one of the most promising players in the financial sector. The Stanford Graduate School of Business has included a case study on Freedom Holding Corp. in its academic curriculum- the first case of its kind from Central Asia to be studied at one of the world's leading universities. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and technology group listed on the Nasdaq (ticker: FRHC). The company offers investment, banking, insurance, and digital services through its integrated platform, Freedom SuperApp. The group operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Contact Public Relations
Malaysian Reserve
15-06-2025
- Business
- Malaysian Reserve
Freedom Holding Corp. Reports Fiscal Year 2025 Financial Results
ALMATY, Kazakhstan, June 15, 2025 /PRNewswire/ — Freedom Holding Corp. (NASDAQ: FRHC), the diversified financial group with operations spanning 22 countries, today reported financial results for the fiscal year ended March 31, 2025, highlighting continued growth across core segments and meaningful progress on its digital ecosystem strategy. Revenue for the year increased by 23% to $2.05 billion, up from $1.67 billion the previous year. The company delivered strong operational assets increased to $9.9 billion, and customer growth remained strong across all sectors. 'Our 2025 results show that the strategy we've been building for years is paying off,' said Timur Turlov, founder and CEO of Freedom Holding Corp. 'We are transitioning from a collection of financial products to a unified ecosystem that touches nearly every aspect of our customers' financial lives. We're proud of the growth we've achieved, especially in our core businesses, and excited about what lies ahead.' Fiscal 2025 Highlights The company delivered strong operational growth, with total revenue reaching $2.05 billion — a 23% increase on the $1.67 billion recorded the previous year. This growth was driven by increased activity in brokerage and insurance segments, as well as higher interest income from margin and customer loans, reflecting the continued expansion of the company's diverse financial ecosystem. Fee and commission income totaled $505.0 million, marking a 15% increase from $440.3 million in fiscal 2024. This growth was primarily fueled by a 29% increase in income from brokerage services, reaching $430.1 million, supported by an expanding retail customer base. Interest income increased to $864.5 million, a 4% rise on the previous year. This was driven by increased margin lending to retail clients and an expanded loan portfolio at Freedom Bank KZ. Margin loan interest increased by 21%, while interest from customer loans grew by 18%. Increased returns from available-for-sale securities also contributed to gains, though income from trading securities declined amid market volatility. Earnings per share were $1.43 (basic) and $1.40 (diluted), compared to $6.37 (basic) and $6.33 (diluted) in fiscal 2024. Net income amounted to $84.5 million. Brokerage accounts reached 683,000, marking a 29% year-on-year increase, while active accounts surged by 57% to surpass 151,000. The number of bank clients more than doubled to 2.5 million, and the number of insurance customers reached 1.17 million, reflecting the rising demand for integrated financial services. The insurance segment was one of the year's top performers, with underwriting income up 134% to $617.6 million amid robust demand for pension and accident insurance products. The brokerage division generated $717.3 million in revenue, with fee and commission income, as well as interest income, remaining strong. The company's banking segment posted $506.1 million in revenue, while the 'Other' segment — which includes lifestyle, telecom, and payment services — saw revenue increase 72% to $144 million, buoyed by contributions from e-commerce platform Arbuz, ticketing service Aviata, and newly acquired SilkNetCom LLP. Freedom Holding took further bold steps to diversify its operations beyond finance. In 2024, it expanded its telecommunications business under the name Freedom Telecom and launched new media projects. These ventures form part of a broader plan to develop a comprehensive digital ecosystem centered on the company's flagship Freedom SuperApp, which integrates investing, banking, payments, and lifestyle services on a single platform. 'This year is a period of large-scale investments in the development of the holding's ecosystem for us. We are reinvesting a significant portion of the income from our key business areas into strengthening and growing the group's companies. This strategy is already yielding results: our market position is strengthening, and our presence is expanding. At the same time, we continue to invest in business development in new regions — both where licenses have already been obtained and where they are still in the process of being acquired,' noted Timur Turlov. The holding continued to provide sponsorship support to various initiatives: the Kazakhstan Chess and Tennis Federations, the Competitive Programming Federation, the Junior Football League of Kazakhstan, and other organizations. The company's focus remains on scaling its technology, expanding geographically, and deepening customer experience through artificial intelligence and product personalization. 'We believe connected ecosystems will define the next era of finance,' said Turlov. 'By combining traditional financial stability with tech-enabled innovation, we're building something that goes far beyond banking or brokerage. We're building infrastructure for how people live, spend, save, and grow.' About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. The Company has a market capitalization exceeding $8 billion as of March 31, 2025. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). ContactPublic RelationsNatalia KharlashinaFreedom Holding
Business Insider
14-06-2025
- Business
- Business Insider
Freedom Holding Corp. Reports Fiscal Year 2025 Financial Results
Almaty, Kazakhstan, June 14th, 2025, FinanceWire Freedom Holding Corp. (NASDAQ: FRHC), the diversified financial group with operations spanning 22 countries, today reported financial results for the fiscal year ended March 31, 2025, highlighting continued growth across core segments and meaningful progress on its digital ecosystem strategy. Revenue for the year increased by 23% to $2.05 billion, up from $1.67 billion the previous year. The company delivered strong operational assets increased to $9.9 billion, and customer growth remained strong across all sectors. 'Our 2025 results show that the strategy we've been building for years is paying off,' said Timur Turlov, founder and CEO of Freedom Holding Corp. 'We are transitioning from a collection of financial products to a unified ecosystem that touches nearly every aspect of our customers' financial lives. We're proud of the growth we've achieved, especially in our core businesses, and excited about what lies ahead.' Fiscal 2025 Highlights The company delivered strong operational growth, with total revenue reaching $2.05 billion — a 23% increase on the $1.67 billion recorded the previous year. This growth was driven by increased activity in brokerage and insurance segments, as well as higher interest income from margin and customer loans, reflecting the continued expansion of the company's diverse financial ecosystem. Fee and commission income totaled $505.0 million, marking a 15% increase from $440.3 million in fiscal 2024. This growth was primarily fueled by a 29% increase in income from brokerage services, reaching $430.1 million, supported by an expanding retail customer base. Interest income increased to $864.5 million, a 4% rise on the previous year. This was driven by increased margin lending to retail clients and an expanded loan portfolio at Freedom Bank KZ. Margin loan interest increased by 21%, while interest from customer loans grew by 18%. Increased returns from available-for-sale securities also contributed to gains, though income from trading securities declined amid market volatility. Earnings per share were $1.43 (basic) and $1.40 (diluted), compared to $6.37 (basic) and $6.33 (diluted) in fiscal 2024. Net income amounted to $84.5 million. Brokerage accounts reached 683,000, marking a 29% year-on-year increase, while active accounts surged by 57% to surpass 151,000. The number of bank clients more than doubled to 2.5 million, and the number of insurance customers reached 1.17 million, reflecting the rising demand for integrated financial services. The insurance segment was one of the year's top performers, with underwriting income up 134% to $617.6 million amid robust demand for pension and accident insurance products. The brokerage division generated $717.3 million in revenue, with fee and commission income, as well as interest income, remaining strong. The company's banking segment posted $506.1 million in revenue, while the 'Other' segment — which includes lifestyle, telecom, and payment services — saw revenue increase 72% to $144 million, buoyed by contributions from e-commerce platform Arbuz, ticketing service Aviata, and newly acquired SilkNetCom LLP. Freedom Holding took further bold steps to diversify its operations beyond finance. In 2024, it expanded its telecommunications business under the name Freedom Telecom and launched new media projects. These ventures form part of a broader plan to develop a comprehensive digital ecosystem centered on the company's flagship Freedom SuperApp, which integrates investing, banking, payments, and lifestyle services on a single platform. "This year is a period of large-scale investments in the development of the holding's ecosystem for us. We are reinvesting a significant portion of the income from our key business areas into strengthening and growing the group's companies. This strategy is already yielding results: our market position is strengthening, and our presence is expanding. At the same time, we continue to invest in business development in new regions — both where licenses have already been obtained and where they are still in the process of being acquired," noted Timur Turlov. The holding continued to provide sponsorship support to various initiatives: the Kazakhstan Chess and Tennis Federations, the Competitive Programming Federation, the Junior Football League of Kazakhstan, and other organizations. The company's focus remains on scaling its technology, expanding geographically, and deepening customer experience through artificial intelligence and product personalization. 'We believe connected ecosystems will define the next era of finance,' said Turlov. 'By combining traditional financial stability with tech-enabled innovation, we're building something that goes far beyond banking or brokerage. We're building infrastructure for how people live, spend, save, and grow.' About Freedom Holding Corp. Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. The Company has a market capitalization exceeding $8 billion as of March 31, 2025. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Public Relations
Yahoo
28-05-2025
- Business
- Yahoo
Freedom Holding Corp. To Host Investors' Day in London
LONDON, May 28, 2025 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC) announced it will be hosting an Investors' Day on Monday, June 2, 2025, at the London Stock Exchange. The event gathers global investors, fintech innovators, and industry leaders for an in-depth look at the company's operations and growth strategy. Freedom Holding Corp.'s Investors' Day, scheduled from 12:30 to 17:00 BST, will be held at the 6th Floor Lounge & Terrace of the London Stock Exchange. Attendees will delve further into Freedom's dynamic growth landscape, exploring opportunities across emerging Eurasian markets while getting a firsthand look into the company's AI-powered financial infrastructure. The event will feature live demos of FRHC's flagship trading platform and digital ecosystem, plus discussions with CEO Timur Turlov and key executives who'll share their insights on expansion plans, regulatory strategies, and their bold vision for connecting Eastern innovation with Western capital markets - in conversations that won't be found in quarterly reports or on investor calls. Freedom Holding Corp., a U.S.-registered public company, has emerged as one of Eurasia's most dynamic financial ecosystems. The company offers comprehensive customer-oriented services spanning brokerage, banking, fintech, e-commerce, and telecommunications. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and investment services group specialising in capital markets, asset management, and brokerage services. Freedom Holding Corp.'s ordinary shares are registered with the United States Securities and Exchange Commission and trade on the Nasdaq Capital Market under the symbol FRHC. The Company has its principal market of operation in Kazakhstan and operates through its subsidiaries in 22 countries. With a strong presence in Central Asia, Europe, and the US, the company is committed to delivering innovative financial products to individual and institutional investors. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
