Freedom Holding Corp.
Description
Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations, as well as information processing services. In addition, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers' needs and finance its inventory positions. Further, the company offers proprietary trading and investment services, as well as insurance products; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Eastern Europe, rest of Europe, the United States, Russia, the Middle East, and Caucasus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
About
CEO
Mr. Timur Ruslanovich Turlov
Employees
7,146
Instrument type
Common Stock
Sector
Financial Services
Industry
Capital Markets
MIC code
XNCM
Address
Esentai Tower BC, Almaty, 050040, Kazakhstan
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| Jun 12, 2025 | — | — | — | — |
| Feb 10, 2025 | — | — | — | — |
| Feb 12, 2024 | 1.14 | -1.60 | -2.74 | -240.35% |
Earnings estimate
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Next Year
(Mar 2025)
|
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|---|---|---|---|---|
| Number of analysts | — | — | — | 0 |
| Average estimate | — | — | — | 0.00 |
| Low estimate | — | — | — | 0.00 |
| High estimate | — | — | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr.
—
Current year
—
Next year (Mar 2025)
—
Next 5 years (per annum)
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Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 1.64B | 795.69M | 689.79M | 346.88M | 83.39M |
| Cost of revenue | 474.94M | 224.81M | 186.64M | 146.38M | 19.42M |
| Gross profit | 1.16B | 570.89M | 503.15M | 200.51M | 63.98M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 216.17M | 100.33M | 55.99M | 22.63M | — |
| Other operating expenses | — | — | 161.59M | 77.43M | 25.68M |
| Operating income | 922.75M | 441.44M | 444.65M | 177.87M | 38.30M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 501.11M | 208.95M | 76.95M | 22.44M | 10.20M |
| Other income expense | 13.73M | 3.45M | -4.01M | -3.62M | 991,000 |
| Pretax income | 435.37M | 235.94M | 363.69M | 151.81M | 29.09M |
| Tax provision | 60.42M | 42.78M | 38.57M | 23.31M | 4.93M |
| Net income | 374.95M | 205.59M | 220.93M | 150.28M | 22.13M |
| Basic EPS | 6.37 | 3.50 | 3.84 | 2.56 | 0.43 |
| Diluted EPS | 6.33 | 3.45 | 3.84 | 2.56 | 0.43 |
| Basic average shares | 58.96M | 58.63M | 59.38M | 58.39M | 57.76M |
| Diluted average shares | 58.96M | 58.63M | 59.38M | 58.39M | 57.76M |
| EBITDA | 951.09M | 450.02M | 444.06M | 178.53M | 39.14M |
| Net income from continuing op. | 374.95M | 193.16M | 325.12M | 128.50M | 24.16M |
| Minority interests | 588,000 | -446,000 | 6.57M | -631,000 | 2.71M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 8.30B | 5.08B | 3.23B | 2.10B | 453.52M |
| Current assets | |||||
| Cash | 35.80M | 41.29M | 18.64M | 156.10M | 53.56M |
| Cash equivalents | 509.28M | 540.13M | 206.82M | 11.92M | 9.65M |
| Cash and cash equivalents | 545.08M | 581.42M | 225.46M | 168.02M | 63.21M |
| Other short term investments | 3.91B | 2.65B | 1.32B | 587.55M | 162.98M |
| Accounts receivable | 1.68B | 388.48M | 145.15M | 48.78M | 113.95M |
| Other receivables | 19.46M | 14.14M | 10.33M | 2.72M | 51,000 |
| Inventory | — | — | — | — | — |
| Prepaid assets | 56.68M | 36.34M | 9.17M | 6.59M | 7.19M |
| Restricted cash | 462.64M | 445.53M | 547.95M | 490.69M | 66.60M |
| Assets held for sale | — | — | 825.42M | 748.05M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 52.63M | 42.57M | 11.88M | 8.12M | 15.98M |
| Land and improvements | 10.94M | 9.11M | 1.56M | 1.53M | 778,000 |
| Machinery furniture equipment | 29.38M | 19.15M | 8.04M | 3.84M | 4.43M |
| Construction in progress | 8.17M | — | — | — | — |
| Leases | 7.94M | 3.29M | 1.24M | 793,000 | 1.97M |
| Accumulated depreciation | -14.96M | -9.32M | -5.24M | -2.10M | -2.23M |
| Goodwill | 152.96M | 46.00M | 16.96M | 18.18M | 8.64M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 47.67M | 17.62M | 5.16M | 3.90M | 3.42M |
| Investments and advances | 372,000 | 4.00M | — | — | — |
| Other non current assets | 7.95M | 5.75M | 6.61M | 7.36M | 1.29M |
| Total liabilities | 7.13B | 4.31B | 2.68B | 1.82B | 324.49M |
| Current liabilities | |||||
| Accounts payable | 886.73M | 130.87M | 50.55M | 23.47M | 8.52M |
| Accrued expenses | 15.66M | 4.97M | 2.12M | 550,000 | 999,000 |
| Short term debt | 2.76B | 1.52B | 840.22M | 374.72M | 48.20M |
| Deferred revenue | 2.33B | 1.97B | 783.61M | 671.83M | 168.43M |
| Tax payable | 36.85M | 7.33M | 15.12M | 14.32M | 1.45M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | 812.48M | 676.57M | 48.20M |
| Non current liabilities | |||||
| Long term debt | 312.51M | 90.35M | 45.43M | 39.53M | 86.68M |
| Provision for risks and charges | 13.40M | 6.28M | 3.07M | — | — |
| Deferred liabilities | 66,000 | 694,000 | — | 4.01M | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 551.86M | 448.19M | 22.32M | 10.34M | 508,000 |
| Shareholders equity | |||||
| Common stock | 60,000 | 59,000 | 59,000 | 58,000 | 58,000 |
| Retained earnings | 998.74M | 647.06M | 441.92M | 208.63M | 66.34M |
| Other shareholders equity | -18.94M | -34.00M | -63.13M | -36.05M | -37.97M |
| Total shareholders equity | 1.17B | 770.74M | 546.61M | 275.67M | 129.04M |
| Additional paid in capital | 183.79M | 164.16M | 174.75M | 104.67M | 102.89M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 3.31M | -6.55M | -7.00M | -1.64M | -2.27M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 374.95M | 193.16M | 325.12M | 128.50M | 24.16M | 7.15M | 18.20M | 6.30M | -491,999 | -18,787 | -1.57M | -3.09M | -151.12M | -15.13M | -10.73M | 17.16M | 31.61M | 1.04M | -5.34M | -3.29M | -613,782 | -1.73M | 377,487 | -2.33M | -3.60M | -390,182 | -819,461 | -230,153 |
| Depreciation | 14.60M | 5.14M | 3.42M | 2.69M | 1.11M | 2.03M | 1.49M | 199,000 | 3,305 | — | 98,356 | 115,924 | 101,515 | 89,575 | 11.69M | 10.73M | 9.66M | 2.18M | 1.30M | 295,857 | — | — | — | — | — | 200,171 | 240,886 | 240,912 |
| Deferred Taxes | 800,000 | -811,000 | -4.68M | 1.65M | 182,000 | -580,000 | 286,000 | -1.08M | -240 | — | — | — | — | -1.37M | -3.26M | -1.03M | — | 853,280 | 35,043 | 343 | — | — | — | — | — | — | -85,000 | 85,000 |
| Stock-Based Compensation | 22.72M | 9.29M | 7.86M | 631,000 | 1.48M | 3.50M | 1.62M | — | — | — | — | — | — | 1.25M | 3.17M | 7.45M | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -9.67M | -42.92M | -4.53M | -12.37M | 2.45M | 322,000 | 150,000 | — | — | — | — | — | 3.55M | 5.98M | 4.73M | 7.54M | 2.69M | 4.31M | 5.05M | 129,051 | -2.79M | 1.65M | -547,609 | 2.46M | 3.83M | 122,504 | 219,831 | -412,354 |
| Accounts Receivable | -1.27B | -253.30M | -103.76M | 20.97M | -16.95M | -46.64M | -29.69M | -17,000 | 1,300 | — | — | — | — | — | -3.34M | 2.78M | -1.87M | -2.32M | -1.54M | -132,400 | — | — | — | — | — | — | — | — |
| Accounts Payable | 734.61M | 163.76M | 26.06M | 16.51M | -21.72M | 23.20M | 8.76M | 8,000 | 3,597 | 58,988 | -307,025 | -4.65M | -748,777 | 534,901 | -3.94M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -987.05M | -963.70M | -285.01M | 824.95M | 47.82M | 61.84M | -101.49M | 6.57M | — | — | — | — | — | — | -8.90M | 6.57M | 9.71M | -5.74M | -34.88M | 3.95M | -80,485 | 41,334 | 5,481 | -262,796 | -68,700 | -1.85M | 2.19M | -481,332 |
| Operating Cash Flow | -1.12B | -889.37M | -35.52M | 983.53M | 38.53M | 50.82M | -100.68M | 11.98M | -484,037 | 40,201 | -1.78M | -7.62M | -148.21M | -8.64M | -10.58M | 51.20M | 51.80M | 321,382 | -35.39M | 954,634 | -3.49M | -36,119 | -164,641 | -124,271 | 162,368 | -1.92M | 1.75M | -797,927 |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -43.75M | -38.54M | -5.62M | -1.50M | -2.00M | -4.72M | -1.34M | -74,000 | -199 | — | — | — | -153,307 | -47,317 | -112,327 | -63.95M | -88.48M | -42.70M | -18.33M | -17.96M | -6.25M | — | — | — | -6,190 | -7,438 | -2,032 | -10,866 |
| Net Intangibles | — | — | — | — | — | — | 18,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -56.22M | -26.81M | — | -62.71M | — | -2.24M | — | -2.77M | 8.59M | — | — | — | 159.60M | — | — | — | — | — | — | — | -269,822 | — | — | — | — | — | — | — |
| Purchase of Investments | -229.91M | -330.10M | -248.74M | -273.82M | — | — | — | — | — | — | — | — | -66,150 | -154,725 | — | -3.00M | — | — | — | — | — | — | — | — | — | -695,129 | -7.66M | -66,945 |
| Sale of Investments | 260.34M | 260.63M | 198.80M | 190.34M | — | 231,000 | 97,000 | 144,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.71M | — | — | 15.24M | — | — |
| Investing Cash Flow | -638.22M | -833.51M | -141.94M | 8.58M | -9.80M | -6.73M | 10.76M | -2.70M | 8.59M | — | — | — | 159.32M | -202,042 | -294,663 | -66.92M | -101.45M | -42.85M | -18.42M | -18.00M | -6.52M | 217,598 | 2.91M | — | -6,190 | -897,871 | -1.64M | 26.27M |
| Financing Activities | ||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 310.79M | 481.66M | 20.22M | 6.93M | 26.93M | 39.90M | 19.16M | 8.61M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 771,109 | 1.51M | — |
| Long-Term Debt Payments | -41.77M | -43.06M | -10.13M | -8.35M | -13.59M | -22.80M | -3.32M | -5.53M | — | — | — | — | -65.95M | -5.20M | -3.00M | — | — | — | — | — | — | — | — | — | — | -103,448 | — | — |
| Other Financing Charges | 1.41B | 1.65B | 569.12M | 393.25M | -14.59M | -59.44M | 105.43M | 8.68M | 180,000 | — | — | — | 6.30M | 11.37M | 6.32M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | 1.67B | 2.09B | 980.67M | 741.54M | -791,000 | -42.34M | 161.71M | 11.77M | 180,000 | -2,460 | -73,300 | -23.14M | -102.65M | 6.17M | 3.32M | 50,001 | 328,670 | 5.76M | 60.41M | 27.28M | 10.14M | -2.55M | — | — | — | 800,661 | 1.78M | 727,339 |
| Other Cash Details | ||||||||||||||||||||||||||||
| End Cash Position | 1.01B | 1.03B | 1.23B | 1.22B | 187.18M | 88.42M | 87.69M | 35.37M | 8.63M | 8.62M | 8.59M | 10.46M | 39.37M | -1.68M | 2.99M | 6.76M | 17.24M | 12.17M | 51.14M | 10.78M | 2.13M | 97,319 | 2.46M | 7,356 | 441,884 | 285,706 | 2.87M | 349,738 |
| Income Tax Paid | 30.32M | 53.18M | 44.47M | 11.00M | 4.05M | 1.29M | 536,000 | 356,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 474.66M | 199.37M | 37.85M | 19.10M | 8.70M | 13.32M | 13.10M | 3.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1.11B | -990.23M | -411.99M | 527.88M | 80.63M | 53.49M | -119.19M | 4.69M | -538,828 | 40,201 | -1.80M | -5.77M | 15.12M | 35.73M | 13.98M | -10.57M | -38.50M | -44.65M | -19.95M | -21.47M | -9.74M | -36,119 | -164,641 | -124,271 | 156,178 | -2.50M | 2.38M | -865,353 |
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