Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 109

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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)Other income/(expense), net1,049 42 1,827 (1,073)1,845 TOTAL REVENUE, NET165,257 140,321 95,938 17,118 418,634 Fee and commission expense6,482 3,851 29,328 3,157 42,818 Interest expense19,718 102,753 6,925 1,827 131,223 Insurance claims incurred, net of reinsurance— — 40,989 — 40,989 Payroll and bonuses23,607 6,472 4,538 10,466 45,083 Professional services1,424 102 227 4,464 6,217 Stock compensation expense693 48 29 269 1,039 Advertising expense7,274 1,078 230 2,484 11,066 General and administrative expense9,962 7,159 1,166 13,819 32,106 Provision/(Recovery of) for allowance for expected credit losses4,200 (7,547)(633)454 (3,526)TOTAL EXPENSE73,360 113,916 82,799 36,940 307,015 INCOME BEFORE INCOME TAX$91,897 $26,405 $13,139 $(19,822)$111,619 Income tax expense(9,603)— (8)(5,933)(15,544)NET INCOME$82,294 $26,405 $13,131 $(25,755)$96,075 

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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, 2023STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$255,052 $24,194 $82 $51,237 $330,565 Net gain/(loss) on trading securities25,555 39,360 13,146 (563)77,498 Interest income158,284 376,464 49,399 4,710 588,857 Insurance underwriting income— — 181,882