Fri, Jun 14, 10:06 AM (85 days ago)
Freedom Holding Corp. (FRHC) filed its annual report on Form 10-K for the fiscal year ended March 31, 2024. The report highlights significant growth in revenue, net income, and customer accounts. Key financials include total assets of $8.3 billion, a 52% increase in Freedom Bank KZ’s loan portfolio, and substantial growth in insurance premiums. The company’s strategic focus is on expanding its digital fintech ecosystem, including new ventures in telecommunications and media in Kazakhstan. Key risk factors include exposure to the Russia-Ukraine conflict, reliance on market maker institutions for revenue, and regulatory compliance challenges. The company also faces potential operational risks from rapid growth and reliance on key personnel. Future outlook emphasizes continued expansion through acquisitions and organic growth, with a focus on integrating new business areas into its fintech ecosystem.