/KASE, February 10, 2021/ – Freedom Holding Corp. (Salt Lake City), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated February 10, 2021:

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Freedom Holding Corp. (hereinafter – the Holding) reports on financial results for the third quarter of the fiscal year 2021 ended December 31, 2020.

Main indicators for the said period:

1) For the three months ended December 31, 2020 and 2019, the Holding's revenue was $100.2 million and $29.6 million, respectively. An increase of $70.7 million, or 239 %, was mainly due to an increase in fee and commission income for the third quarter by 261%, or $53.8 million, from $20.6 million to $74.3 million, as well as due to growth of the profit on trading securities by 194%, or $12.5 million, from $6.4 million to $18.9 million.

2) The Holding's expenses increased by $24.6 million, or 96, for the following reasons:

a) an increase in commission expenses by $14.8 million due to an increase in the number of clients and the volume of transactions they make;

b) an increase in interest expenses by $3.9 million, mainly due to an increase in interest expenses on client balances in bank and brokerage accounts, an increase in expenses related to short-term financing raised through repurchase agreements on securities and issued debt securities;

c) an increase in operating expenses by $4.9 million, mainly in general administrative expenses as a result of the expansion of the Company's activities.

3) For three months ended December 31, 2020 and 2019:

a) the net income of the Holding amounted to $42.3 million and $4.1 million, respectively;

b) earnings per share of the Holding, calculated on the basis of a weighted average number of shares of 58 million pieces, made up $0.72 and $0.07, respectively;

c) other comprehensive income was $49.2 million and $7.9 million, respectively.

4) During the three months ended December 31, 2020, the assets and liabilities of the Holding increased by $397.1 million and $347.3 million, respectively.

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The complete press release is available on – see more

[2021-02-10]