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DESCRIPTION OF BUSINESS | 9 Months Ended
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Dec. 31, 2024
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 its own account, market making activities, investment research, investment counseling, investment banking services, 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 a presence in Austria, Belgium, Bulgaria, France, Germany, Greece, Italy, Lithuania, The Netherlands, Poland 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 December 31, 2024, the Company owned, directly or indirectly, the following companies:
Name of subsidiary |  | Jurisdiction of Incorporation |  | Number of subsidiaries | Business Area
Brokerage Segment |  |  |  |  |
Freedom Finance JSC ("Freedom KZ") |  | Kazakhstan |  | 3 | Securities broker-dealer
Freedom Finance Global PLC ("Freedom Global") |  | Kazakhstan |  | — | Securities broker-dealer
Freedom Finance Europe Limited ("Freedom EU") |  | Cyprus |  | 2 | Securities broker-dealer
Freedom Finance Armenia LLC ("Freedom AR") |  | Armenia |  | — | Securities broker-dealer
Prime Executions, Inc. ("PrimeEx") |  | USA |  | — | Securities broker-dealer
Foreign Enterprise LLC Freedom Finance |  | Uzbekistan |  | — | Securities broker-dealer
Freedom Broker LLC |  | Kyrgyzstan |  | — | Securities broker-dealer
Banking Segment |  |  |  |  |
Freedom Bank Kazakhstan JSC ("Freedom Bank KZ") |  | Kazakhstan |  | 2 | Commercial bank
Freedom Bank Tajikistan CJSC ("Freedom Bank TJ") |  | Tajikistan |  | — | Commercial bank
Insurance Segment |  |  |  |  |
Freedom Finance Life JSC ("Freedom Life") |  | Kazakhstan |  | — | Life/health insurance
Freedom Finance Insurance JSC ("Freedom Insurance") |  | Kazakhstan |  | — | General insurance
Other Segment |  |  |  |  |
Ticketon Events LLP ("Ticketon") |  | Kazakhstan |  | 3 | Online ticket sales
Freedom Finance Special Purpose Company LTD ("Freedom SPC") |  | Kazakhstan |  | — | Issuance of debt securities
Freedom Finance Commercial LLP |  | Kazakhstan |  | — | Sales consulting
Freedom Technologies LLP ("Paybox") |  | Kazakhstan |  | 5 | Payment services
Aviata LLP ("Aviata") |  | Kazakhstan |  | — | Online travel ticket aggregator
Internet-Tourism LLP ("Internet Tourism") |  | Kazakhstan |  | — | Online travel ticket aggregator
Arbuz Group LLP ("Arbuz") |  | Kazakhstan |  | 3 | Online retail trade and e-commerce
Comrun LLP ("ReKassa") |  | Kazakhstan |  | — | Mobile and web application
Freedom Telecom Holding Limited ("Freedom Telecom") |  | Kazakhstan |  | 5 | Telecommunications
Freedom Kazakhstan PC Ltd |  | Kazakhstan |  | 9 | Holding company
Freedom Advertising Ltd |  | Kazakhstan |  | — | Advertising
Freedom Shapagat Corporate Fund |  | Kazakhstan |  | — | Non-profit
FRHC Fractional SPC LTD |  | Kazakhstan |  | — | Issuance of debt securities
Freedom Holding Operations LLP |  | Kazakhstan |  | — | Human resources
Freedom Horizons LLP |  | Kazakhstan |  | — | Business consulting and services
CLUB T LLP ("CLUB T") |  | Kazakhstan |  | — | Restaurant and cafe operations
Freedom Finance Azerbaijan LLC |  | Azerbaijan |  | — | Financial educational center
Freedom Finance FZE. |  | UAE |  | — | Consulting
Freedom Management Ltd. |  | UAE |  | — | Consulting
Freedom Finance Turkey LLC |  | Turkey |  | — | Financial consulting
Freedom Finance Technologies Ltd |  | Cyprus |  | — | IT development
Freedom Prime UK Limited ("Prime UK") |  | UK |  | — | Management consulting
Freedom Structured Products PLC |  | Cyprus |  | — | Financial services
FFIN Securities, Inc. |  | USA |  | — | Dormant
Freedom U.S. Market LLC |  | USA |  | 2 | Management company
LD Micro ("LD Micro") |  | USA |  | — | Event platform
Freedom US Technologies LLC |  | USA |  | — | Technology services
Total subsidiaries |  |  |  | 57 |
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 clients with operational support and access to investment opportunities in the United States and European securities markets.

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- Definition The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/235/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205/tableOfContent + Details
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