Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 252

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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 of $5.2 million and net loss of  $53.4 million, respectively, to our total net income for the three months ended December 31, 2024. 

Our total assets increased to $9.1 billion as of December 31, 2024 from $8.3 billion as of March 31, 2024. 

We had approximately 618,000 total retail brokerage customers as of December 31, 2024 as compared to approximately 530,000 as of March 31, 2024.  We had approximately 1,407,000  banking customers at our Freedom Bank KZ subsidiary as of December 31, 2024 as compared to approximately 904,000 as of March 31, 2024.

The operating results for any period are not necessarily indicative of the results that may be expected for any future period. 

65

RESULTS OF OPERATIONS

Comparison of the Three-month Periods Ended December 31, 2024 and 2023

The following comparison of our financial results for the three-month periods ended December 31, 2024 and 2023 is not necessarily indicative of future results.

Revenue

The following table sets out information on our total revenue, net for the periods presented. 

Three months ended December 31, 2024Three months ended December 31, 2023 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$143,436 21.9 %$120,159 28.7 %$23,277 19 %Net gain on trading securities89,564 13.7 %(5,089)(1.2)%94,653 (1,860)%Interest income224,688 34.3 %226,445 54.1 %(1,757)(1)%Insurance underwriting income177,472 27.1 %79,017 18.9 %98,455 125 %Net gain on foreign exchange operations3,945 0.6 %38,825 9.3 %(34,880)(90)%Net gain/(loss) on derivatives11,889 1.8 %(42,568)(10.2)%54,457 (128)%Other income4,196 0.6 %1,845 0.4 %2,351 127 %Total revenue, net$655,190 100