Freedom 24 Posts $227.3M Profit in First Nine Months of 2024

Freedom 24 Posts $227.3M Profit in First Nine Months of 2024

Freedom 24 reported profits of $227.3 million for the first nine months of 2024, down from $280.3 million in the same period last year. In Q3 alone, Freedom Holding Corp. earned $78.1 million, or $1.32 per share, based on 59.4 million shares.

Total assets rose to $9.1 billion, up from $8.3 billion. Revenue for the quarter ending December 31, 2024, hit $655.2 million, a 57% increase, driven by stronger insurance and trading income.

The company now serves over 618,000 trading clients, 1.4 million banking clients, and 972,000 insurance customers.

Shares closed at $149.61 on February 6, reaching a record $9 billion market cap. In December 2024, S&P Global upgraded Freedom Finance Europe and three subsidiaries from “B” to “B+”.

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