Freedom Holding Income Statement

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

Millions USD. Fiscal year is Apr - Mar.

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

Updated Nov 7, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

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