Freedom Holding Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Transaction-Based Revenues	885.62	1,123	704.55	442.59	408.19	278.96
Net Interest Income	1,329	1,400	1,329	503.64	198.56	60.92
Net Interest Income Growth	-5.67%	5.34%	163.94%	153.65%	225.94%	113.19%
Other Revenues	290.21	63.45	133.58	61.86	159.99	29.45
Revenue	2,193	2,051	1,666	799.14	689.79	346.88
Revenue Growth (YoY)	-0.80%	23.05%	108.52%	15.85%	98.85%	366.96%
Cost of Revenue	2,026	1,938	1,231	563.2	326.1	195.08
Gross Profit	166.38	112.95	435.37	235.94	363.69	151.81
Selling, General & Admin	834.39	663.78	397.2	182.15	102.28	46.07
Other Operating Expenses	50	62.45	21.23	29.12	6.52	3.62
Operating Income	-718.01	-613.28	16.95	24.67	254.9	102.11
Pretax Income	166.38	112.95	435.37	235.94	363.69	151.81
Provision for Income Taxes	53.14	28.43	60.42	42.78	38.57	23.31
Net Income	113.33	84.39	374.36	218.46	110.17	172.7
Minority Interest in Earnings	-0.09	0.13	0.59	-0.45	6.57	-0.63
Earnings From Discontinued Operations	-	-	-	24.85	-208.39	43.57
Net Income to Common	113.33	84.39	374.36	218.46	110.17	172.7
Net Income Growth	-50.15%	-77.46%	71.37%	98.30%	-36.21%	2316.33%
Shares Outstanding (Basic)	60	59	59	59	59	58
Shares Outstanding (Diluted)	61	60	59	60	59	58
Shares Change (YoY)	0.84%	1.90%	-0.24%	0.21%	1.60%	0.35%
EPS (Basic)	1.89	1.43	6.37	3.50	3.84	2.56
EPS (Diluted)	1.85	1.40	6.33	3.45	3.84	2.56
EPS Growth	-42.55%	-77.88%	83.48%	-10.16%	50.00%	2033.33%
Free Cash Flow	2,160	3,267	-2,172	-1,942	-818.35	1,057
Free Cash Flow Growth	-33.89%	-	-	-	-	1876.66%
Free Cash Flow Per Share	35.42	54.00	-36.60	-32.63	-13.78	18.09
Gross Margin	7.59%	5.51%	26.13%	29.52%	52.73%	43.76%
Operating Margin	-32.74%	-29.91%	1.02%	3.09%	36.95%	29.44%
Profit Margin	5.16%	4.12%	22.50%	24.17%	47.13%	37.04%
FCF Margin	98.49%	159.31%	-130.37%	-243.00%	-118.64%	304.79%
EBITDA	-546.46	-371.96	91.17	43.37	269.72	107.37
EBITDA Margin	-24.92%	-18.14%	5.47%	5.43%	39.10%	30.95%
EBIT	-718.01	-613.28	16.95	24.67	254.9	102.11
EBIT Margin	-32.74%	-29.91%	1.02%	3.09%	36.95%	29.44%
Effective Tax Rate	31.94%	25.17%	13.88%	18.13%	10.61%	15.35%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.