FRHC is a diversified multinational holding company engaged in financial services, banking, insurance, and digital ecosystem development, primarily operating in Kazakhstan and other regions.

# Company Overview Summary

## Company Name
**Freedom Holding Corp. (FRHC)**

## Business Activities
- **Holding Company:** Organizes and oversees subsidiaries engaged in various financial services and related businesses.
- **Core Operations:**
  - **Securities Brokerage:** Retail and institutional securities trading, investment consulting, and capital markets activities.
  - **Securities Dealing:** Market making and proprietary trading activities.
  - **Investment Banking:** Underwriting, mergers and acquisitions advisory, and capital raising.
  - **Banking:** Retail and commercial banking, lending, deposit services, payment card solutions, money transfers, and digital banking products.
  - **Insurance:** Life and general insurance services.
- **Additional Businesses/Services:**
  - Payment and information processing services
  - Entertainment and travel ticketing services
  - E-commerce platform
  - Telecommunications and media businesses in Kazakhstan (developmental stage)
  
## Key Locations
- Subsidiaries in Kazakhstan, Cyprus, United States, United Kingdom, Armenia, UAE, Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, Turkey
- Representative offices in Austria, Belgium, Bulgaria, France, Germany, Greece, Italy, Lithuania, Netherlands, Poland, Spain
- Divested Russian subsidiaries in February 2023

## Customer & Employee Statistics (as of March 31, 2025)
- **Retail Customer Accounts:** 683,000
- **Employees:** 8,764 total
  - Full-time employees: 8,691
  - Part-time employees: 73

## Revenue & Income
- **Total Revenue (FY ending March 31, 2025):** $2.051 billion
- **Net Income (FY ending March 31, 2025):** Approximately $15.3 million
- **Segment Revenue Contribution:**
  - Banking & Financial Services: Major portion driven by activity in Kazakhstan
  - Insurance: Freedom Life and Freedom Insurance contributed to a combined net profit of approximately $15.3 million, with gross premiums increasing by 156% in FY2025.
  - Brokerage: Significant revenue derived from trading commissions and interest income, with approximately 683,000 brokerage customer accounts.
  - Other segment: Contributed about $144 million or 7% of total revenue from services like payment processing, ticketing, online retail, and media.

## Financial Highlights
- **Market Capitalization (as of most recent reporting date):** ~$5.74 billion
- **Outstanding Shares (as of June 11, 2025):** 61,205,640 shares of common stock, par value $0.001

## Strategic Focus
- Expansion into telecommunication and media sectors in Kazakhstan
- Development of integrated digital financial ecosystem via the **Freedom SuperApp**
- Focus on cross-border regional expansion
- Leverages big data analytics, AI, and proprietary cloud-based platforms
- Operates in highly regulated environments across multiple jurisdictions with numerous licenses in securities, banking, insurance, and payment services

**In summary:**  
FRHC is a multi-national holding company with a diversified portfolio of subsidiaries providing securities trading, banking, insurance, and digital financial services primarily across Kazakhstan and internationally, with a total of 683,000 retail customers and nearly 9,000 employees, generating over $2 billion annually in revenue.

Freedom Holding Corp. is a diversified financial services holding company based in Nevada, operating in various financial segments including brokerage, banking, and insurance.

# Freedom Holding Corp. Overview

Freedom Holding Corp. ("FRHC") is a diversified financial services holding company based in Nevada, with its principal executive office located in Almaty, Kazakhstan. The company engages in a variety of financial activities through its consolidated subsidiaries, including:

## Business Segments
1. **Brokerage Services**: 
   - Provides access to international capital markets for retail and institutional clients.
   - Operates in key markets including Kazakhstan, Europe, and other Central Asian jurisdictions.
   - As of March 31, 2024, has approximately **530,000 retail brokerage customer accounts**.
   - **Revenue**: Generated **$440.3 million** in fee and commission income for fiscal 2024, a 35% increase from the previous year.

2. **Banking Services**:
   - Offers a range of retail and commercial banking products, including loans, deposits, and payment card services.
   - Operated through Freedom Bank KZ, which had over **903,500 clients** by the close of fiscal 2024.
   - **Revenue**: Contributed **$176.5 million** in interest income in fiscal 2024, reflecting a 306% increase compared to fiscal 2023.

3. **Insurance Services**:
   - Comprises life and general insurance products through companies acquired from the majority shareholder.
   - As of March 31, 2024, the insurance segment reported **$264.2 million** in insurance underwriting income, a **129% increase** from the previous year.

4. **Other Services**:
   - Includes payment processing, online ticket sales, and upcoming telecommunications and media ventures.
   - **Revenue**: Generated **$62.5 million** from various services in fiscal 2024.

## Company Metrics
- **Employees**: As of March 31, 2024, FRHC employs approximately **6,197 individuals** across various business segments.
- **Offices**: Operates **161 offices** worldwide, including:
  - **46 offices** providing brokerage services.
  - **52 offices** offering insurance services.
  - **20 banking service offices** and **43 offices** for other financial and non-financial services.

## Financial Performance
- **Total Revenue**: Reached **$1.635 billion** for fiscal 2024, an increase of **105%** compared to **$795.7 million** in fiscal 2023, driven by substantial growth in interest income and brokerage services. 
- **Net Income**: Reported as **$375.0 million** for fiscal 2024, compared to **$205.6 million** in fiscal 2023.
- **Total Assets**: Increased to **$8.3 billion** as of March 31, 2024, from **$5.1 billion** the previous year.

## Strategic Focus
- Freedom Holding Corp. aims to become a leader in the financial services industry by expanding its presence through acquisitions and developing a digital fintech ecosystem that integrates its core services into a user-friendly platform.
- The company is diversifying its operations by entering new business sectors, including telecommunications and media, which align with its strategic goal of building a comprehensive digital financial ecosystem.

## Recent Developments
- Significant acquisitions in fiscal 2023 and 2024 include:

  - **Internet-Tourism LLP** (April 2023) - An online aggregator for purchasing air and railway tickets.
  - **Aviata LLP** (April 2023) - Another online ticketing service.
  - **Arbuz Group LLP** (May 2023) - E-commerce focus.
  - **ReKassa** (July 2023) - A digital service for cash transaction data management. 

This diverse range of operations allows Freedom Holding Corp. to provide a broad spectrum of financial services while serving a large customer base across different sectors.

Freedom Holding Corp.

10-K / June 13, 2025

10-K / June 14, 2024

10-K / June 13, 2025

Company Overview Summary

Company Name

Business Activities

Key Locations

Customer & Employee Statistics (as of March 31, 2025)

Revenue & Income

Financial Highlights

Strategic Focus