Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 152

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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 loss of $1.9 million for the three months ended September 30, 2025, as compared to a realized net gain of $9.9 million for the three months ended September 30, 2024. Such change between the two periods was mainly due to losses on currency swaps and the decrease of transactions during the three months ended September 30, 2025. 

Expense

79

The following table sets out information on our total expense for the periods presented.

Three months ended September 30, 2025Three months ended September 30, 2024Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission expense$64,162 14 %$90,837 20 %$(26,675)(29)%Interest expense102,259 22 %124,665 27 %(22,406)(18)%Insurance claims incurred, net of reinsurance79,923 17 %66,684 15 %13,239 20 %Payroll and bonuses93,143 20 %66,210 14 %26,933 41 %Professional services10,497 2 %8,245 2 %2,252 27 %Stock compensation expense15,496 3 %12,056 3 %3,440 29 %Advertising and sponsorship expense27,502 6 %32,433 7 %(4,931)(15)%General and administrative expense45,556 10 %40,856 9 %4,700 12 %Allowance for expected credit losses11,944 3 %10,427 2 %1,517 15 %Cost of sales15,139 3 %5,239 1 %9,900 189 %Total expense$465,621 100 %$457,652 100 %$7,969 2 %              ______________

*    Percentage of total expense.

Fee and commission expense 

The following table sets forth information regarding our fee and commission expense for the periods presented.Three months ended September 30,20252024Amount Change%ChangeAgency fee expense$41,276 $74,030 $(32,754)(44)%Brokerage services10,583 6,1984,385 71 %Bank services8,917 4,4804,437 99 %Central Depository