February 12, 2025, Almaty
As of January 1, 2025, the total number of active client accounts at Freedom Broker reached 240,000, with 19.4 million securities transactions conducted in 2024.
Top 5 Stocks in 2024 Based on Transactions by Freedom Broker Clients:
By Number of Transactions:
By Transaction Volume:
In December 2024, the international rating agency S&P Global Ratings upgraded the long-term credit ratings of JSC Freedom Finance and Freedom Finance Global PLC from B to B+ and affirmed their short-term credit ratings at B. On the national scale, JSC Freedom Finance ratings were raised from kzBBB- to kzBBB.
At the end of 2024, Freedom Broker received three awards from Astana International Exchange (AIX): JSC Freedom Finance was recognized as the Best Broker for Equity Instruments and, along with Freedom Finance Global, as the Best Broker for Debt Instruments. Additionally, JSC Freedom Finance was named the Best Investment Banking Team.
JSC Freedom Finance Results for 2024
As of January 1, 2025, assets decreased by KZT 31.3 billion (11%) compared to January 1, 2024, totaling KZT 285.7 billion. The decrease was due to a reduction in securities volume in the trading portfolio by KZT 58.9 billion (38%) after realizing gains on previously acquired securities.
Liabilities decreased by KZT 41 billion (33.1%) to KZT 123.7 billion due to a KZT 40.3 billion (33.2%) reduction in direct REPO transactions.
Equity increased by KZT 9.7 billion (6.4%) compared to December 31, 2024, totaling KZT 162 billion. The authorized capital was increased by KZT 5 billion to KZT 103.5 billion.
Net profit increased by KZT 3.2 billion (51.6%) compared to the same period last year, reaching KZT 9.5 billion. This was largely driven by a KZT 5.7 billion (240%) increase in income from derivative financial instruments.
As of December 31, 2024, JSC Freedom Finance was an official market maker for 100 securities traded on the Kazakhstan Stock Exchange (KASE) and 3 securities on Astana International Exchange (AIX). The company continues to lead the KASE member activity ranking. In 2024, JSC Freedom Finance ranked first in three market segments: equity and debt securities, and REPO transactions.
Freedom Finance Global Results for the Three Quarters of the 2025 Fiscal Year
As of the third quarter of the 2025 fiscal year, Freedom Finance Global's assets amounted to USD 264.7 million, reflecting an 18% growth since the beginning of the fiscal year due to an increase in the company's trading portfolio by USD 100.2 million (186%).
Liabilities increased by USD 70 million (78.9%) during the reporting period, reaching USD 158.7 million due to a rise in dividend payments to shareholders by USD 75.6 million (270%).
As of December 31, 2024, equity stood at USD 106 million, a 22% decrease since the beginning of the year due to a decline in retained earnings following dividend payments during the reporting period.
Net profit for the reporting period was USD 117.6 million, showing a 2% increase compared to the same period last year.
Reference:
Key financial indicators are based on the separate unaudited financial statements of JSC Freedom Finance as of January 1, 2025.
** For the company, the third quarter of the 2025 fiscal year ended on December 31, 2024.
JSC Freedom Finance provides its clients with brokerage services on KASE and AIX, market-making services for maintaining securities quotes, debt and equity financing arrangements, and financial consulting services.
Freedom Finance Global is a brokerage firm offering new opportunities, specializing in serving retail investors. The company is registered in AIFC, holds an AFSA license, and operates under English law principles. Freedom Finance Global clients have direct access to trading on international financial markets (NYSE/NASDAQ, London Stock Exchange, HKEX, Frankfurt Stock Exchange), KASE, and AIX, as well as to the holding's most popular and in-demand service—participation in initial public offerings (IPOs).
The companies are part of the international investment group Freedom Holding Corp. The holding's shares have been listed on the Nasdaq Capital Market under the ticker FRHC since October 15, 2019. Freedom Holding Corp.'s activities are regulated by the U.S. Securities and Exchange Commission (SEC).
Media Contacts:
Ramina Fakhrutdinova – Advisor to the Chairman of the Board of Directors for PR, JSC Freedom Finance
E-mail: [email protected]
