Below are the financial statements of Freedom Holding, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | — | — | — |
Fee and commission income | 440.33a | 327.22a | 335.21a |
Net gain on trading securities | 133.85a | 71.08a | 155.25a |
Interest income | 828.22a | 294.7a | 121.61a |
Insurance underwriting income | 264.22a | 115.37a | 72.98a |
Net gain on foreign exchange operations | 72.25a | 52.15a | 3.79a |
Net (loss)/gain on derivatives | -103.79a | -64.83a | 0.95a |
Total revenue, net | 1,635.08a | 795.69a | 689.79a |
Expense | — | — | — |
Fee and commission expense | -154.35a | -65.66a | -85.91a |
Interest expense | -501.11a | -208.95a | -76.95a |
Insurance claims incurred, net of reinsurance | -139.56a | -77.33a | -54.45a |
Payroll and bonuses | -181.02a | -81.82a | -46.29a |
Professional services | -34.24a | -17.01a | -12.68a |
Stock compensation expense | -22.72a | -9.29a | -7.86a |
Advertising expense | -38.33a | -14.06a | -11.92a |
General and administrative expense | -120.89a | -59.97a | -23.53a |
Allowance for expected credit losses | -21.23a | -29.12a | -2.5a |
Other (income)/expense, net | -13.73a | -3.45a | 4.01a |
Total expense | -1,199.71a | -559.76a | -326.1a |
Income before income tax | 435.37a | 235.94a | 363.69a |
Income tax expense | -60.42a | -42.78a | -38.57a |
Income from continuing operations | 374.95a | 193.16a | 325.12a |
Income/(loss) before income tax (expense)/benefit of discontinued operations | 0a | 68.16a | -117.2a |
Reclassification of loss from cumulative translation adjustment of discontinued operations | 0a | -25.42a | 0a |
Loss from divestiture of discontinued operations | 0a | -26.12a | 0a |
Income tax benefit/(expense) of discontinued operations | 0a | -4.2a | 13a |
Income/(loss) from discontinued operations | 0a | 12.42a | -104.2a |
Net income | 374.95a | 205.59a | 220.93a |
Less: Net (loss)/income attributable to non-controlling interest in subsidiary | -0.59a | 0.45a | -6.57a |
Net income attributable to controlling interest | 375.54a | 205.14a | 227.49a |
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