Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 42

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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COME BEFORE INCOME TAX40,515 41,598 Income tax expense(10,119)(7,339)NET INCOME$30,396 $34,259 Less: Net loss attributable to non-controlling interest in subsidiary— (141)NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS$30,396 $34,400 OTHER COMPREHENSIVE INCOMEChange in unrealized gain on investments available-for-sale, net of tax effect2,998 3,374 Reclassification adjustment for net realized loss/(gain) on available-for-sale investments disposed of in the period, net of tax effect174 (18)Foreign currency translation adjustments(41,804)(65,811)OTHER COMPREHENSIVE LOSS(38,632)(62,455)COMPREHENSIVE LOSS BEFORE NON-CONTROLLING INTERESTS$(8,236)$(28,196)

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Table of ContentsFREEDOM HOLDING CORP.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) (All amounts in thousands of United States dollars, unless otherwise stated)

Less: Comprehensive loss attributable to non-controlling interest in subsidiary— (141)COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS$(8,236)$(28,055)EARNINGS PER COMMON SHARE (In U.S. dollars):Earnings per common share - basic0.51 0.58 Earnings per common share - diluted0.50 0.57 Weighted average number of shares (basic)59,853,479 59,258,085 Weighted average number of shares (diluted)61,057,627 60,255,593 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of contentsFREEDOM HOLDING CORPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)

Three Months Ended June 30,20252024Cash Flows From Operating ActivitiesNet income$30,396 $34,259 Adjustments to reconcile net income from operating activities:Depreciation and amortization6,114 4,154 Amortization of deferred acquisition costs70,018 48,115 Noncash lease expense4,046