Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 232

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 232
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, unless otherwise stated)

credit evaluation of the counterparty. The Company's maximum exposure to credit loss is represented by the contractual amount of these commitments.Unused commitments under lines of credit Unused commitments under lines of credit include commercial, commercial real estate, home equity and consumer lines of credit to existing customers. These commitments may mature without being fully funded. Unused commitments under guaranteesUnused commitments under guarantees are conditional commitments issued by Freedom Bank KZ to provide bank guarantees to customers. These commitments may mature without being fully funded.Bank guaranteesBank guarantees are conditional commitments issued by Freedom Bank KZ to guarantee the performance of a customer to a third party. These guarantees are primarily issued to support trade transactions or guarantee arrangements. The credit risk involved in issuing guarantees is essentially the same as that involved in extending loan facilities to customers. A significant portion of the issued guarantees are collateralized. Total lending related commitments outstanding as of December 31, 2024, and March 31, 2024, were as follows: As of December 31, 2024As of March 31, 2024Unused commitments under lines of credits and guarantees$176,090 $207,519 Bank guarantees14,608 9,012 Total$190,698 $216,531 

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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 24 – SEGMENT REPORTING

The following tables summarize the Company's Statement of Operations by its reportable segments for the periods presented. There are no revenues from transactions between the segments and intercompany balances have been eliminated in disclosures.Three months ended December 31, 2024STATEMENT OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$120,700 $8,598 $— $14,138 $143,436 Net gain/(loss) on trading securities20,905 66,773 3,319 (1,433)89,564 Interest income72,828 135,222 15,378 1,260 224,688 Insurance underwriting income— — 177,472 — 177,472 Net (loss)/gain on foreign exchange operations(2,621)(14,621)2,301 18,886 3,945 Net gain on derivatives1,078