Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 165

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 165
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 commission expense$149,033 16 %$170,984 19.6 %$(21,951)(13)%Interest expense215,669 22 %270,383 31.0 %(54,714)(20)%Insurance claims incurred, net of reinsurance160,208 17 %113,993 13.1 %46,215 41 %Payroll and bonuses186,244 19 %123,734 14.2 %62,510 51 %Professional services23,521 2 %15,513 1.8 %8,008 52 %Stock compensation expense38,550 4 %22,671 2.6 %15,879 70 %Advertising and sponsorship expense51,965 5 %54,329 6.2 %(2,364)(4)%General and administrative expense87,531 9 %81,266 9.3 %6,265 8 %Allowance for expected credit losses16,766 2 %8,657 1.0 %8,109 94 %Cost of sales29,042 3 %9,523 1 %19,519 205 %Total expense$958,529 100 %$871,053 100 %$87,476 10 %              ______________

*    Percentage of total expense.

Fee and commission expense 

The following table sets forth information regarding our fee and commission expense for the periods presented.Six months ended September 30,20252024Amount Change%ChangeAgency fee expense107,148 138,846(31,698)(23)%Brokerage services18,228 9,5028,726 92 %Bank services16,774 8,1238,651 107 %Exchange services426 1,007(581)(58)%Central Depository services576 343233 68 %Other commission expenses5,881 13,163(7,282)(55)%Total fee and commission expense$149,033 $170,984 $(21,951)(13)%

The following table sets out the components of our fee and commission expense as a percentage of total fee and commission expense, net for the periods presented.

Six months ended September 30,20252024(as a % of total fee and commission expense)Agency fee expense72 %81 %