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
Interest and Dividend Income	842.46	864.45	828.22	294.7	121.61	38.47
Total Interest Expense	477.96	535.9	501.11	208.95	76.95	22.44
Net Interest Income	364.5	328.56	327.11	85.75	44.66	16.03
Brokerage Commission	491.02	505.03	440.33	327.22	335.21	216.01
Trading & Principal Transactions	-37.41	-57.81	133.85	71.08	155.25	28.81
Other Revenue	670.83	687.17	191.7	53.99	73.93	63.04
Revenue	1,489	1,463	1,093	538.04	609.05	323.88
Revenue Growth (YoY)	-8.56%	33.85%	103.14%	-11.66%	88.05%	344.25%
Salaries & Employee Benefits	397.36	288.16	181.02	81.82	46.29	23.44
Cost of Services Provided	676.72	693.38	365.34	156.7	134.04	93.06
Other Operating Expenses	317.75	298.11	139.56	77.33	54.45	52.41
Total Operating Expenses	1,516	1,402	729.87	354.26	245.14	169.01
Operating Income	-26.58	61.26	363.13	183.78	363.92	154.87
Currency Exchange Gains	66.06	51.68	72.25	52.15	3.79	0.56
Other Non-Operating Income (Expenses)	-	-	-	-	-4.01	-2.03
EBT Excluding Unusual Items	39.48	112.95	435.37	235.94	363.69	153.4
Asset Writedown	-	-	-	-	-	-1.59
Pretax Income	39.48	112.95	435.37	235.94	363.69	151.81
Income Tax Expense	36.49	28.43	60.42	42.78	38.57	23.31
Earnings From Continuing Ops.	2.99	84.52	374.95	193.16	325.12	128.5
Earnings From Discontinued Ops.	-	-	-	12.42	-104.2	21.78
Net Income to Company	2.99	84.52	374.95	205.59	220.93	150.28
Minority Interest in Earnings	-0.33	0.13	0.59	-0.45	6.57	-0.63
Net Income	2.66	84.65	375.54	205.14	227.49	149.65
Net Income to Common	2.66	84.65	375.54	205.14	227.49	149.65
Net Income Growth	-99.17%	-77.46%	83.06%	-9.83%	52.02%	502.53%
Shares Outstanding (Basic)	60	59	59	59	59	58
Shares Outstanding (Diluted)	61	60	59	60	59	58
Shares Change (YoY)	1.30%	1.90%	-0.24%	0.21%	1.60%	0.33%
EPS (Basic)	0.04	1.43	6.37	3.50	3.83	2.56
EPS (Diluted)	0.04	1.40	6.33	3.45	3.83	2.56
EPS Growth	-99.17%	-77.88%	83.54%	-9.98%	49.48%	502.80%
Free Cash Flow	2,854	1,586	-1,108	-990.23	-411.99	527.88
Free Cash Flow Per Share	46.79	26.21	-18.67	-16.64	-6.94	9.03
Operating Margin	-1.79%	4.19%	33.22%	34.16%	59.75%	47.82%
Profit Margin	0.18%	5.79%	34.36%	38.13%	37.35%	46.20%
Free Cash Flow Margin	191.69%	108.39%	-101.38%	-184.04%	-67.64%	162.99%
Effective Tax Rate	92.43%	25.17%	13.88%	18.13%	10.61%	15.35%
Revenue as Reported	2,033	2,051	1,666	799.14	689.79	346.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q