Freedom Holding Corp. closed trading on NASDAQ

Freedom Holding Corp. closed trading on the world's most high-tech stock exchange, NASDAQ. This ceremony underscores the company's status as a significant player in a market where giants such as Apple, Nvidia, and Microsoft are traded.

Additionally, a report on the results of the 2024 fiscal year, which ended on March 31, 2024, was published on the website of the U.S. Securities and Exchange Commission. The company achieved record results: revenue reached $1.64 billion, net profit increased to $375 million, and assets grew by 63% to $8.301 billion. The number of brokerage client accounts increased by 58%, exceeding half a million.

These achievements were made possible by the coordinated efforts of the team and a strategy focused on developing traditional financial services and expanding the lifestyle segment. Last year, the holding company added 13 new companies, including Aviat, Chocotravel, and Arbuz services, the Freedom Telecom operator, and the Freedom Media media platform.

Speaking at the closing ceremony, Rob Phillips, Senior Managing Director of NASDAQ, highlighted the successes of Kazakhstan, the President of the country, and his role in creating conditions that allowed Freedom Holding Corp. to transform from a brokerage group into a FinTech holding.

Source: @timurturlov