Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 54

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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(42,568)30,691 (71,795)Other income4,196 1,845 23,606 8,988 TOTAL REVENUE, NET$655,190 $418,634 $1,686,805 $1,170,425 Expense:Fee and commission expense$93,927 $42,818 $264,911 $103,116 Interest expense131,136 131,223 401,519 365,650 Insurance claims incurred, net of reinsurance 104,511 40,989 218,504 96,491 Payroll and bonuses77,395 45,083 201,129 116,711 Professional services10,955 6,217 26,468 24,793 Stock compensation expense13,417 1,039 36,088 3,303 Advertising expense21,472 11,066 58,722 27,805 General and administrative expense (including for the three months ended $7,892 and $1,502, for the nine months ended $16,864 and $9,063 from related parties)73,437 32,106 171,782 86,211 Provision for/(recovery of) allowance for expected credit losses30,612 (3,526)39,269 15,462 TOTAL EXPENSE$556,862 $307,015 $1,418,392 $839,542 INCOME BEFORE INCOME TAX98,328 111,619 268,413 330,883 Income tax expense(20,191)(15,544)(41,529)(51,408)NET INCOME$78,137 $96,075 $226,884 $279,475 Less: Net loss attributable to non-controlling interest in subsidiary(144)(293)(455)(842)NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS$78,281 $96,368 $227,339 $280,317 OTHER COMPREHENSIVE INCOMEChange in unrealized gain on investments available-for-sale, net of tax effect7,993 1,486 15,673 5,893 Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect872 (1,881)1,039 (3,