v3.25.1
DESCRIPTION OF BUSINESS
 12 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS DESCRIPTION OF BUSINESS
Overview
Freedom Holding Corp. (the "Company" or "FRHC" and, together with its subsidiaries, the "Group") is a corporation organized in the United States under the laws of the State of Nevada that through its operating subsidiaries provides securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, retail and commercial banking, insurance products, payment services, information processing services and lifestyle services. The Company also owns several ancillary businesses which complement its core financial services businesses, including telecommunications and media businesses in Kazakhstan that are in a developmental stage. The Company is the holding company of subsidiaries incorporated in Kazakhstan, Cyprus, the United States (USA), the United Kingdom (UK), Armenia, the United Arab Emirates, Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, and Turkey, and the Group also has representative offices in Austria, Belgium, Bulgaria, France, Germany, Greece, Italy, The Netherlands, Poland, Lithuania and Spain. The Company's subsidiaries in the United States include a broker-dealer that is registered with the United States Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA"). The Company's common stock is traded on the Nasdaq Capital Market, the Kazakhstan Stock Exchange ("KASE"), and the Astana International Exchange ("AIX").
As of March 31, 2025, the Company owned, directly or indirectly, the following subsidiaries:
Name of subsidiaryJurisdiction of IncorporationBusiness Area
Brokerage Segment
Freedom Finance JSC ("Freedom KZ")
KazakhstanSecurities broker-dealer
Freedom Finance Global PLC ("Freedom Global")
KazakhstanSecurities broker-dealer
Freedom Finance Europe Limited ("Freedom EU")CyprusSecurities broker-dealer
Freedom24 Bulgaria VCCBulgariaSecurities broker-dealer
Freedom24 Greece Single Members P.CGreeceSecurities broker-dealer
Freedom24 Poland LTDPolandSecurities broker-dealer
Freedom24 Lithuania, UABLithuaniaSecurities broker-dealer
Freedom24 Iberia SLSpainSecurities broker-dealer
Freedom24 Netherlands B.V.NetherlandsSecurities broker-dealer
Freedom Finance Armenia LLC ("Freedom AR")ArmeniaSecurities broker-dealer
Freedom Capital Markets (ex. "PrimeEx")USASecurities broker-dealer
Foreign Enterprise LLC Freedom FinanceUzbekistanSecurities broker-dealer
Freedom Broker LLCKyrgyzstanSecurities broker-dealer
Freedom Broker Global Markets LtdUAESecurities broker-dealer
FREEDOM YATIRIM MENKUL DEĞERLER ANONİM ŞİRKETİ TurkeySecurities broker-dealer
Banking Segment
Freedom Bank Kazakhstan JSC ("Freedom Bank KZ")
KazakhstanCommercial bank
Freedom Bank Tajikistan CJSC ("Freedom Bank TJ")TajikistanCommercial bank
OUSA Nova LLPKazakhstanStress asset management company
Insurance Segment
Freedom Finance Life JSC ("Freedom Life")KazakhstanLife/health insurance
Freedom Finance Insurance JSC ("Freedom Insurance")KazakhstanGeneral insurance
Other segment
Ticketon Events LLP ("Ticketon")KazakhstanOnline ticket sales
Chiptahoi Muosir LLCTajikistanOnline ticket sales
Ticketon Events KG LLCKyrgyzstanOnline ticket sales
Ticketon LLCUzbekistanOnline ticket sales
Freedom Finance Special Purpose Company LTD ("Freedom SPC")KazakhstanIssuance of debt securities
Freedom Finance Commercial LLPKazakhstanSales consulting
Freedom Technologies LLP ("Paybox")KazakhstanPayment services
Freedom Processing LLPKazakhstanIT Solutions and products processes data for payment services
Freedom Pay LLPKazakhstanPayment platform
Paybox Money LLPKazakhstanImplementation of payment services
Freedom Pay KyrgyzstanKyrgyzstanProvision of payment services
Freedom Payments LLCUzbekistanProvision of payment services
Aviata LLP ("Aviata")KazakhstanOnline travel ticket aggregator
Internet-Tourism LLP ("Internet Tourism")KazakhstanOnline travel ticket aggregator
Arbuz Group LLP ("Arbuz")KazakhstanOnline retail trade and e-commerce
Prime Retail LLPKazakhstanOnline retail trade and e-commerce
Retail Prime Astana LLPKazakhstanOnline retail trade and e-commerce
Arbuz Pharma LLPKazakhstanRetail (pharmaceuticals)
Comrun LLP ("ReKassa")KazakhstanMobile and web application
Freedom Telecom Holding Limited ("Freedom Telecom")KazakhstanTelecommunications
Freedom Telecom Operations LLPKazakhstanWireless telecommunications
Freedom Media LLPKazakhstanMedia and entertainment
Freedom Cloud LLP (formerly, DITel LLP) ("Freedom Cloud")KazakhstanTelecommunications
SilkNetCom LLP ("SilkNetCom")
KazakhstanTelecommunications
Elitecom LLP ("Elitecom")
KazakhstanTelecommunications
Freedom Kazakhstan PC LtdKazakhstanHolding company
Freedom Advertising Ltd KazakhstanAdvertising
Freedom Shapagat Corporate Fund KazakhstanNon-profit
Freedom Holding Operations LLPKazakhstanHiring and recruitment
Freedom Horizons LLPKazakhstanBusiness consulting and services
CLUB T LLP ("CLUB T")KazakhstanRestaurant and cafe operations
CLUB T ASTANA LLP KazakhstanRestaurant and cafe operations
Freedom Finance Azerbaijan LLCAzerbaijanFinancial educational center
Freedom Finance FZE.UAEConsulting
Freedom Management Ltd.UAEConsulting
Freedom Finansial Hizmetler Anonim ŞirketiTurkeyFinancial consulting
Freedom Finance Technologies LtdCyprusIT development
Freedom Prime UK Limited ("Prime UK")UKManagement consulting
Freedom Finance Germany GmbHGermany
Tied Agent of Freedom EU
Freedom Structured Products PLC ("FSP")
CyprusFinancial services
Freedom24 Chess Masters LTDCyprusChess academy
Freedom Property LtdCyprusAsset management company
FFIN Securities, Inc. USADormant
Freedom U.S. Market LLCUSAManagement company
LD Micro ("LD Micro")USAEvent platform
Freedom US Technologies LLCUSATechnology services
Total subsidiaries66
Through its subsidiaries, the Company offers a diverse range of financial services, including banking, brokerage, and insurance, as well as lifestyle services such as online payments, travel, ticketing, e-commerce, and telecommunications and media businesses in Kazakhstan that are in a developmental stage. It operates as a professional participant in the financial markets, holding banking and insurance licenses, as well as licenses to provide various services across multiple stock exchanges, including the Kazakhstan Stock Exchange (KASE), the Astana International Exchange (AIX), the Republican Stock Exchange of Tashkent (UZSE), and the Uzbek Republican Currency Exchange (UZCE). Additionally, it is a member of the New York Stock Exchange (NYSE) and the Nasdaq Stock Exchange (Nasdaq). Freedom EU enhances the Company's offerings by providing customers with operational support and access to investment opportunities in the United States and European securities markets.