/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:
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
2. The Holding's expenses increased by $44 million, or 87%, for the following
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
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,
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.
The full version of the press release is posted on KASE website –