Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 59

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 dollars, unless otherwise stated)

Less: Comprehensive loss attributable to non-controlling interest in subsidiary— (170)— (311)COMPREHENSIVE (LOSS)/INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS$(23,333)$99,182 $(31,569)$71,127 EARNINGS PER COMMON SHARE (In U.S. dollars):Earnings per common share - basic0.65 1.93 1.15 2.51 Earnings per common share - diluted0.63 1.89 1.13 2.46 Weighted average number of shares (basic)59,947,187 59,363,122 59,900,589 59,310,891 Weighted average number of shares (diluted)61,120,016 60,460,173 61,090,631 60,358,442 

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

Table of contentsFREEDOM HOLDING CORPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)

Six Months Ended September 30,20252024Cash Flows From Operating ActivitiesNet income$69,117 $148,747 Adjustments to reconcile net income from operating activities:Depreciation and amortization12,383 8,065 Amortization of deferred acquisition costs67,400 107,266 Non-cash lease expense8,412 6,196 Change in deferred taxes(12,377)(3,623)Stock compensation expense38,550 22,671 Unrealized gain on trading securities(29,920)(974)Unrealized loss/(gain) on derivatives3,419 (4,053)Net realized (gain)/loss on available-for-sale securities(755)167 Net change in accrued interest13,150 12,558 Gain on sale of fixed assets(124)— Gain from sale of Comrun LLP(1,633)— Gain from sale of ITS tech— (4,201)Change in insurance reserves102,495 93,241 Revaluation of investment in associates168 (1,960)Change in unused vacation reserves1,474 474 Allowance for expected credit losses16,766 8,657 Changes in operating assets and liabilities:Trading securities383