Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 107

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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Professional services1,635 412 595 8,313 10,955 Stock compensation expense8,328 2,174 1,549 1,366 13,417 Advertising expense14,803 1,239 77 5,353 21,472 General and administrative expense10,048 11,237 4,374 47,778 73,437 Provision for allowance expected credit losses1,391 27,754 1,103 364 30,612 TOTAL EXPENSE89,930 165,695 199,662 101,575 556,862 INCOME BEFORE INCOME TAX$123,401 $40,675 $(1,831)$(63,917)$98,328 Income tax (expense)/benefit(21,105)(6,223)(3,360)10,497 (20,191)NET INCOME/ (LOSS)$102,296 $34,452 $(5,191)$(53,420)$78,137 

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

Nine months ended December 31, 2024STATEMENT OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$327,283 $13,592 $147 $38,954 $379,976 Net gain/(loss) on trading securities31,874 69,616 7,053 (2,764)105,779 Interest income188,465 423,271 45,342 3,938 661,016 Insurance underwriting income— — 467,224 — 467,224 Net gain/(loss) on foreign exchange operations9,722 (35,882)3,696 40,977 18,513 Net gain on derivative2,409 28,241 — 41 30,691 Other income/(expense), net3,291 243 (193)20,265 23,606 TOTAL REVENUE, NET563,044 499,081 523,269 101,411 1,686,805 Fee and commission expense25,224 9,950 213,888 15,849