Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 231

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 231
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,731 $ 864,453 $ 24,941 $ 828,224 $ 23,191 $ 294,695 Management 924 665 18 Companies controlled by management 807 24,276 23,173 Insurance underwriting income $ 7,550 $ 617,596 $ 776 $ 264,218 $ 32 $ 115,371 Management 23 1 — Companies controlled by management 7,524 775 32 Other 3 — — Expense: Fee and commission expense $ 2,269 $ 346,074 $ 127 $ 154,351 $ 2,988 $ 65,660 Management 1 — — Companies controlled by management 2,268 127 2,988 Interest expense $ 1,359 $ 535,895 $ 955 $ 501,111 $ 1,578 $ 208,947 Management 495 307 431 Companies controlled by management 825 642 1,146 Other 39 6 1 Advertising and sponsorship expense $ 18,497 $ 124,627 $ — $ 38,327 $ — $ 14,059 Companies controlled by management 18,497 — — As of March 31, 2025, the Group's brokerage and other receivables from PC ITS Central Securities Depository Limited, amounted to $29,693. PC ITS Central Securities Depository Limited is a private Kazakhstan-based company. It is a subsidiary of International Trading System Limited, a company controlled by Mr. Timur Turlov. The Company provides brokerage services to PC ITS Central Securities Depository Limited, including shares and bonds trading. As of March 31, 2025, the balance of brokerage and other receivables primarily relates to outstanding settlement amounts from these services. As of March 31, 2024 , the Group's margin lending receivables from Fresh Start Trading Ltd, amounted to $12,890. Fresh Start Trading Ltd is a Cyprus-based company that was controlled by an individual who served on Freedom EU's management until November 5, 2024. From November 5, 2024, Fresh Start Trading Ltd. is no longer controlled by a related party. The Group's transactions with Fresh Start Trading Ltd mainly involved foreign currency trading activity. Margin lending receivables from Fresh Start Trading Ltd were mainly denominated in Euros, and were fully collateralized by cash denominated in U.S. dollars. As of March 31, 2025 and March