Filing Flows › Freedom Holding (FRHC) › Q3 FY25
Freedom Holding (FRHC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 7, 2025
Freedom Holding (FRHC) reported revenue of $665M for the third quarter fiscal 2025 (Q3 FY25), +59% from a year earlier and +13% from the quarter before. Operating margin was 14.8%, net earnings $78.1M (11.8% of revenue).
Freedom Holding, Q3 FY25: revenue $665M (+59% year over year), operating margin 14.8%, net earnings $78.1M, operating cash flow −$72.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $665M | +13% | +59% |
| Operating profit | $98.3M | -23% | -12% |
| Net earnings | $78.1M | -32% | -19% |
| Operating cash flow | −$72.8M | — | — |
What changed
Revenue was $664.6M in Q3 FY25, up 59% year over year and up 13% from the previous quarter.
Operating profit was $98.3M, a 14.8% margin (down 11.9 points year over year). Operating profit fell $13.3M even though revenue rose $245.9M versus a year earlier, so costs grew faster than sales. Total costs grew 84% against revenue growth of 59%. The fastest-growing cost line was General & admin (+129%). Net earnings were $78.3M, down 19% year over year. The effective tax rate was 20.5%.
Operating cash flow was −$72.8M. Non-cash charges added back $4.6M of depreciation and amortization and $13.4M of share-based compensation. Working capital and other items used $169.0M. Capital expenditures of $19.9M exceeded it, leaving free cash flow of −$92.7M.
Questions
What was Freedom Holding's revenue in the third quarter fiscal 2025?
Freedom Holding (FRHC) reported revenue of $665M for the third quarter fiscal 2025 (Q3 FY25), +59% from a year earlier and +13% from the quarter before.
Was Freedom Holding profitable in the third quarter fiscal 2025?
Operating profit was $98.3M (14.8% of revenue) and net earnings $78.1M.
Source: Freedom Holding 10-Q on SEC EDGAR.