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NEW YORK CITY - Freedom Holding Corp. (NASDAQ:FRHC), a financial services company with a market capitalization of $10.1 billion, has been selected for inclusion in the Russell 3000® Index, effective after the U.S. market closes on June 27, 2025. The announcement was made today, and the inclusion is part of the index’s annual reconstitution. The company’s stock has demonstrated remarkable performance, delivering a 116% return over the past year, according to InvestingPro data.
The Russell 3000® Index is a market-capitalization-weighted equity index that tracks the performance of the largest 3,019 U.S. companies, representing about 98% of the investable U.S. equity market. This index is a significant benchmark in the financial industry, often used by investment funds to guide their portfolios. The addition of Freedom Holding Corp. to this index may increase the company’s visibility among investors and potentially lead to more active trading of its shares.
Timur Turlov, the CEO of Freedom Holding Corp., expressed that the inclusion is a reflection of the company’s sustained growth and its expanding presence in the global markets. He anticipates that this new development will attract more institutional investors, expand the shareholder base, and enhance the company’s standing in the financial services sector. InvestingPro analysis supports this outlook, showing the company maintains a "GREAT" financial health score with particularly strong momentum and profitability metrics.
Freedom Holding Corp. has reported a 56.5% increase in revenue, reaching $655 million in the third quarter of the fiscal year 2025 compared to the same period last year. The company’s impressive growth trajectory is further evidenced by its 79% year-over-year revenue growth and robust gross profit margin of 80%. The company operates across various segments, including brokerage, banking, insurance, and fintech services, catering to over 7 million clients in 22 countries. Based on current market prices, InvestingPro analysis suggests the stock is trading at a premium to its Fair Value, with 8 additional exclusive insights available to subscribers.
The final determination of whether Freedom Holding Corp. will also be included in the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as in appropriate growth and value style indexes, has not yet been confirmed. Updates on these specifics are expected to be announced on the forthcoming dates of May 30, June 6, June 13, and June 20. With the company’s next earnings report due on June 12, investors can access comprehensive financial analysis and real-time updates through InvestingPro’s advanced analytics platform.
It is important to note that this press release contains forward-looking statements that involve risks and uncertainties, and there is no assurance that the inclusion in the Russell 3000® Index will yield the anticipated benefits. The information provided is based on a press release statement from Freedom Holding Corp.
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