Freedom Holding suspends Ukraine ops; warns of significant FX losses as KZT falls 14%, RUB 50%

Freedom Holding Corp.

Ukrainian operations suspended; employees offered relocation to Cyprus and Germany; Ukraine revenue <1% of total fee and commission revenue.
KZT depreciated 14% and RUB 50% vs USD since Jan 1, 2022; anticipates material translation loss in fiscal Q4.
Central Bank of Russia raised key rate from 9.5% to 20%; NBK raised from 10.25% to 13.5%; expects higher interest expense.
Equity holdings in SPBX (St. Petersburg Exchange) declined 54%; no plans to liquidate long-term strategic investment.
Debt securities in KZT with fixed rates 8.80-9.35% face depressive price effect from rate hike; expects recovery if short-term.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.