Company: FRHC
Filing Date: 2025-06-13
Form Type: 10-K
Source: 0000924805-25-000012
Chunk: 175

Company: Freedom Holding Corp.
Filing Date: 2025-06-13
Form: 10-K
Item: Item 7
Chunk 175
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895 501,111 34,784 7 %Insurance claims incurred, net of reinsurance298,109 139,561 158,548 114 %Payroll and bonuses288,163 181,023 107,140 59 %Professional services28,924 34,238 (5,314)(16)%Stock compensation expense59,592 22,719 36,873 162 %Advertising and sponsorship expense124,627 38,327 86,300 225 %General and administrative expense162,474 120,888 41,586 34 %Allowance for expected credit losses62,445 21,225 41,220 194 %Cost of sales31,278 17,538 13,740 78 %Total expense$1,937,581 $1,230,981 $706,600 57 %

The following table sets out the components of our expense as a percentage of total expense for the fiscal years presented.

Year ended March 31,20252024Fee and commission expense18 %12 %Interest expense28 %41 %Insurance claims incurred, net of reinsurance15 %11 %Payroll and bonuses15 %15 %Professional services2 %3 %Stock compensation expense3 %2 %Advertising and sponsorship expense6 %3 %General and administrative expense8 %10 %Allowance for expected credit losses3 %2 %Cost of sales2 %1 %Total expense100 %100 %

73

Fee and commission expense

The following table sets forth information regarding our fee and commission expense for the periods presented.

Year ended March 31,20252024Amount Change%ChangeAgency fee expense$284,055 $103,020 181,035 176 %Brokerage services19,84616,587 3,259 20 %Bank services20,06418,121 1,943 11 %Exchange services1,7763,302 (1,526)(46)%Central Depository services707446 261 59 %Other commission expenses 19,62612,875 6,751 52 %Total fee and commission expense$346,074 $154,351 $191,723 124 %

The following table sets out the components of our fee and commission expense as a percentage of total fee and commission expense,