Freedom Holding Corp. on Monday reported a 23 per cent year-on-year increase in revenue for the fiscal year ending March 31, 2025, reaching $2.05 billion.
The financial results, announced by the Kazakhstan-headquartered firm, reflect strong performance across both its brokerage and insurance segments, in line with the company’s stated growth strategy.
The group operates through subsidiaries and representative offices in 22 countries, including Cyprus.
Net profit for the year totalled $84.5 million, with earnings per share reaching $1.43, based on a basic weighted average of 59.4 million shares.
Insurance underwriting income surged by 134 per cent to $618 million, while interest income grew by 4 per cent to $864 million.
Commission income also rose by 15 per cent to $505 million, supported by heightened retail client activity across Freedom’s brokerage platforms.
“Fiscal 2025 was another year of strong top-line growth for Freedom, with revenue from both our brokerage and insurance businesses increasing by double digits” said CEO and founder Timur Turlov.
“This continued growth reflects the success of the investments we are making in digital infrastructure, AI, and our offering of increasingly diversified fintech-based services, which continues to attract new customers” he added.
As of March 31, 2025, the company’s total assets had increased by 19 per cent year-on-year to $9.9 billion, up from $8.3 billion the previous year.
Freedom also reported a substantial expansion in its workforce, with the headcount reaching 8,764 employees, representing an increase of 2,567 compared to the prior year.
Moreover, Freedom Holding Corp. also stated that it has continued to develop its digital ecosystem, anchored by the Freedom SuperApp, which launched in April 2024.
The integrated app combines brokerage, banking, and insurance services with cashback and retail savings features. It surpassed 1 million monthly active users and reached 183,000 daily active users within its first year.
“The Freedom SuperApp gives customers seamless access to our best-in-class brokerage, banking, and insurance services — and goes beyond that by enabling them to shop, compare, invest, and save, all in one integrated platform” said Turlov.
Further diversifying its portfolio, Freedom Holding Corp. also completed the acquisition of Astel Group Ltd. on April 30, 2025, through its subsidiary Freedom Telecom.
The $22.6 million acquisition marks the company’s strategic entry into Kazakhstan’s telecommunications sector.
Astel is the largest independent fixed-line operator in the country and serves B2G and B2B clients with modern telecom solutions.
The company also stated that “investor confidence in Freedom Holding Corp. continues to grow”.
In May 2025, the company’s market capitalisation surpassed $10 billion, representing a 12-fold increase since its Nasdaq IPO in 2019.
In recognition of its growth, the company has been selected for inclusion in the Russell 3000 Index.
The inclusion will take effect after the US market closes on June 27, 2025.
The Russell 3000 Index comprises the 3,000 largest publicly traded companies in the United States and covers approximately 98 per cent of the investable US equity market.
Looking to the future, the company said that it plans to continue expanding into the telecommunications and media sectors in Kazakhstan.
This expansion is underpinned by a $200 million domestic bond offering launched in September 2024, one of the largest offerings of its kind on the Astana International Exchange.
“As we enter fiscal 2026, we remain committed to building a digital-first financial ecosystem that brings value to individuals, institutions, and governments” said Turlov.
“With continued investments in AI, infrastructure, and regional diversification, we are well positioned for long-term, sustainable growth” he concluded.
