Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 233

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 233
---
10,770 — 41 11,889 Other income/(expense), net441 (372)(639)4,766 4,196 TOTAL REVENUE, NET213,331 206,370 197,831 37,658 655,190 Fee and commission expense11,583 4,099 74,840 3,405 93,927 Interest expense15,774 101,864 2,963 10,535 131,136 Insurance claims incurred, net of reinsurance— — 104,511 — 104,511 Payroll and bonuses26,368 16,916 9,650 24,461 77,395 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 

51

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