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Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone  

March 17, 2025

Freedom Holding Corp.'s market capitalisation increased by 85% over the past year. Freedom24, its EU-based retail stockbroker, is rapidly gaining popularity across Europe. In Romania, the platform has attracted over 2,800 clients and achieved a total investment volume of €3 million. Freedom24 aims to increase its Romanian client base by 200% in 2025, targeting from first-time investors to experienced traders.   Freedom Holding Corp. (FRHC), a NASDAQ-listed international investment group and the parent company of Freedom24—an EU-based retail stockbroker, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion.   For the quarter ended December 31, 2024, Freedom Holding Corp. reported revenues of $655.2 million, a 57% increase ($236.6 million), over the same period last year. The growth was driven by higher insurance underwriting income and net gains on trading securities.   The results coincided with a surge in the company’s market capitalisation: shares of Freedom Holding Corp., traded on the Nasdaq Capital Market, closed at $149.61 on February 6, taking the company’s valuation to an all-time high. Over the past year, the company’s market cap increased by 85%, and its share price has more than tenfolded since its Nasdaq debut in October 2019.   Freedom Holding Corp. now serves 618,000 retail brokerage, 1.4 million banking, and 972,000 insurance customers, reflecting strong expansion across key segments. „These milestones not only underscore the success of our strategy but also highlight our growing prominence in the global financial services sector. They are a testament to our team's commitment to innovation and excellence, and they reaffirm our determination to provide world-class financial solutions to our clients worldwide”, states Timur Turlov, CEO of Freedom Holding Corp.     The Freedom24 platform continues to attract a growing number of retail investors, driving its rapid expansion across Europe.   Launched in the Romanian market last year, the platform has since attracted over 2,800 clients and achieved a total investment volume of €3 million. Romanian investors have shown a particular preference for U.S. and European markets, with technology stocks, ETFs, and options trading being among the most popular investment options. There is also a rising demand for sustainable investments, in line with global trends. For 2025, Freedom24 aims to increase its active client base in Romania by 200%. Additionally, the broker plans to complement its investment services with individual payment solutions, including debit cards linked to investment accounts.   „Our goal at Freedom24 is to establish a strong presence in Romania and become one of the country’s top investment platforms. We are seeing a strong interest in financial investments, especially among younger generations. We want to increase awareness of the opportunities Freedom24 offers - access to global investment products, and tools designed for both beginners and experienced investors. We also emphasize the safety of our trading platform, which is developed in-house, and our solid, transparent infrastructure”, states Olga Milko, Business Development Director at Freedom24.   Accessible via both mobile app and web, Freedom 24 platform provides users with direct access to the US, European, and Asian stock exchanges, enabling them to trade over 1 million financial instruments, including stocks, options, and exchange-traded funds (ETFs).   The company’s strong performance was recognised by the international rating agency S&P Global Ratings which raised the long-term credit ratings of Freedom Finance Europe Ltd — which operates under the Freedom24 brand - from ‘B’ to ‘B+’.  

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