Freedom Holding Corp. $(FRHC)$ has reported a robust financial performance for the fiscal year ended March 31, 2025. The diversified financial group, which operates in 22 countries, announced a 23% increase in total revenue, reaching $2.05 billion, compared to $1.67 billion the previous year. This growth was primarily driven by heightened activity in its brokerage and insurance segments, alongside increased interest income from margin and customer loans. The company's net income for the year was $84.5 million. Earnings per share were reported at $1.43 (basic) and $1.40 (diluted), a notable decrease from the $6.37 (basic) and $6.33 (diluted) reported in fiscal 2024. Fee and commission income saw a 15% increase, totaling $505.0 million, with brokerage services income rising by 29% to $430.1 million. Interest income also rose by 4%, reaching $864.5 million, fueled by increased margin lending to retail clients and an expanded loan portfolio at Freedom Bank KZ. The company experienced significant customer growth, with brokerage accounts reaching 683,000, a 29% year-on-year increase, and active accounts increasing by 57% to over 151,000. The number of bank clients more than doubled to 2.5 million, and insurance customers reached 1.17 million, indicating a strong demand for integrated financial services. Freedom Holding Corp. continues to progress on its strategy to transition from a collection of financial products to a unified ecosystem, aiming to touch nearly every aspect of its customers' financial lives.
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