October 11, 2023, Almaty
*JSC "Freedom Finance"
- Total assets as of September 30, 2023, increased by 144.2 billion tenge (70.3%) compared to December 31, 2022, amounting to 349.4 billion tenge. The growth was achieved due to an increase in the securities portfolio by 114.8 billion tenge, or 88.9%.
- Liabilities increased by 107.3 billion tenge, or 125.9%, compared to December 31, 2022, due to an increase in direct REPO transactions by 113.4 billion tenge, or 149.7%.
- Equity increased by 36.8 billion tenge, or 30.7%, compared to December 31, 2022.
- Net income for the quarter ending September 30, 2023, increased by 0.97 billion tenge, or 30.2%, compared to the same period in 2022. This was driven by growth in: a) Net income from changes in the fair value of financial assets, which are reflected in profit or loss, by 4.7 billion tenge, or 801.4%; b) Net income from the purchase and sale of financial assets by 1.2 billion tenge, or 131.9%; c) Income from foreign currency operations by 0.8 billion tenge, or 733.1%; d) Operating expenses by 3.2 billion tenge, or 240.5%; e) Net expenses related to compensation payments by 2.4 billion tenge, or 242.1%.
Key Quantitative Indicators:
- Charter capital – 92.8 billion tenge.
- Total number of accounts as of October 1, 2023 – over 85 thousand.
- Number of transactions in the third quarter of 2023 – over 258 thousand.
- As of October 1, 2023, the company is the official market maker for 104 securities traded on the Kazakhstan Stock Exchange, and for seven on the Astana International Exchange.
**Freedom Finance Global PLC
In the second quarter of the 2024 fiscal year, more than 13 thousand accounts were opened, with over 2.9 million transactions conducted. The total number of open accounts as of October 1, 2023, exceeded 132 thousand, with over 14.5 million transactions with securities conducted.
*Key financial indicators for the third quarter of 2023 from separate (non-consolidated) financial statements. **Results for the second quarter of the 2024 fiscal year.
Reference: JSC "Freedom Finance" provides its clients with brokerage services on KASE and AIX, market maker services to maintain securities quotations, debt and equity financing organization, and financial consulting services.
Freedom Finance Global PLC is a broker with new capabilities, specializing in serving retail investors. The company is registered at the AIFC, holds a license from AFSA, and operates with elements of English law. Clients of Freedom Finance Global PLC have direct access to exchange operations on international financial markets (NYSE/NASDAQ, London Stock Exchange, HKEX, Frankfurt Stock Exchange), KASE, and AIX, as well as to the most popular and in-demand service of the holding - participation in initial public offerings (IPOs).
The companies are part of the international investment group Freedom Holding Corp. The holding's shares have been listed (since October 15, 2019) on the Nasdaq Capital Market under the ticker FRHC. The activities of Freedom Holding Corp. are regulated by the Securities and Exchange Commission (SEC, USA).
Media Contacts:
Ramіna Fakhrutdinova – Advisor to the Chairman of the Board of Directors for PR at JSC "Freedom Finance"
E-mail: [email protected]
