Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 60

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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,659,191 $59 $167,465 $903,517 $(34,845)0$1,036,196 0$3,054 0$1,039,250 At March 31, 202359,659,191 $59 $164,162 $647,064 $(34,000)$777,285 $(6,549)$770,736 Cumulative adjustment from adoption of ASC 326— — — (22,772)— (22,772)— (22,772)Stock based compensation— — 3,303 — — 3,303 — 3,303 Disposal of FF Ukraine— — — (6,549)— (6,549)6,549 — Purchase of Arbuz shares— — — 5,457 — 5,457 3,640 9,097 Purchase of ReKassa shares— — — — — — 256 256 Foreign currency translation adjustments, net of tax effect— — — — (3,593)(3,593)— (3,593)Other comprehensive income— — — — 2,748 2,748 — 2,748 Net income/(loss)— — — 280,317 — 280,317 (842)279,475 At December 31, 202359,659,191 $59 $167,465 $903,517 $(34,845)$1,036,196 $3,054 $1,039,250 

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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)

NOTE 1 – DESCRIPTION OF BUSINESS

OverviewFreedom Holding Corp. (the "Company" or "FRHC" and, together with its subsidiaries, the "Group") is a corporation organized in the United States under the laws of the State of Nevada that through its operating subsidiaries provides securities brokerage, securities dealing for customers and for its own account, market making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services information processing services and lifestyle services. The Company also