/KASE, February 10, 2022/ – Freedom Holding Corp. (USA), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated February 10, 2022:

quote

Freedom Holding Corp. (hereinafter – the "Holding") announces financial results for the third quarter of fiscal year 2022 ended December 31, 2021.

Key indicators for the specified period:

1. For the three months ended December 31, 2021 and 2020, the Holding's revenue amounted to $146 million and $100 million, respectively. The 46% increase in revenue, or $46 million, was driven primarily by the 64% increase in fee and commission revenue, or $48 million, – from $74 million to $122 million.

2. The Holding's expenses increased by $44 million, or 87%, for the following reasons:

a) an increase in operating expenses of $29 million mainly due to an increase in payroll costs as a result of the expansion of the Holding's activities through acquisitions and hiring of employees. Another reason was an increase in share-based compensation costs as a result of the issuance of stock grants to key employees and an increase in advertising and professional services costs as a result of business expansion;

b) an increase in interest expenses of $14 million is mainly due to an increase in interest expenses on client bank balances, an increase in expenses related to short-term financing raised through securities repurchase agreements;

c) an increase in commission costs of $2 million due to an increase in the number of customers and the volume of transactions they make.

3.For the three months ended 31 December 2021 and 2020:

a) the Holding's net profit amounted to $51 million and $42 million, respectively;

b) earnings per share of the Holding, calculated on the basis of the weighted average number of shares of 59,534 and 58,443 thousand shares, amounted to $0.85 and $0.72, respectively;

c) other comprehensive income was $44 million and $49 million, respectively.

4.During the three months ended December 31, 2021, the assets and liabilities of the Holding increased by $661 thousand and $345 thousand, respectively.

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The full version of the press release is posted on KASE website – see more

[2022-02-10]