Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 115

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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 reinsurance, from such insurance services, compared to $94 recognized during the three months ended September 30, 2024. For the six months ended September 30, 2025 and 2024, the Group recognized $6,789 and $94, respectively.

The Group continues to support the development of chess and football in Kazakhstan. During the three months ended September 30, 2025, the Group incurred advertising and sponsorship expense from Kazakhstan Chess Federation in the amount of $851 and from Freedom Youth Football League of Kazakhstan in the amount of $2,730, compared to $4,308 and $336, respectively, during the three months ended September 30, 2024. For the six months ended September 30, 2025, advertising and sponsorship expense amounted to $2,459 for the Kazakhstan Chess Federation and $5,256 for the Freedom Youth Football League of Kazakhstan, compared to $6,353 and $336, respectively, for the six months ended September 30, 2024.. Kazakhstan Chess Federation is a Kazakhstan-based company in which Timur Turlov holds a management position. Freedom Youth Football League of Kazakhstan is a Kazakhstan-based company fully owned by Turlov Private Holding, in which Timur Turlov holds 99.9% of the shares. The sponsorship contributions to the Kazakhstan Chess Federation and Freedom Youth Football League of Kazakhstan during the three months ended September 30, 2025 were made to support the preparation and holding of championships, tournaments, training camps and other events. 

NOTE 19 – STOCKHOLDERS’ EQUITY

During the three months ended September 30, 2025, the Company awarded stock grants totaling 32,197 shares, 19,197 of which were vested on the date of the award, compared to total grants of 156,659 shares during the three months ended September 30, 2024, 22,798 of which were vested on the date of the award. During the six months ended September 30, 2025, the Company awarded stock grants totaling 243,888 shares, 119,126 of which were vested on the date of the award, compared to total grants of 343,626 shares during the six months ended September 30, 2024, 65,395 of which were vested on the date of the award. The table below presents Stock Incentive Plan awards granted on the dates indicated.  Stock awards granted on:UnitsApril 8, 2025 immediate stock grants