Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 139

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 139
---
917)(66)%Net gain/(loss) on derivatives30,691 2 %(71,795)(6)%102,486 (143)%Other income23,606 1 %8,988 1 %14,618 163 %Total revenue, net$1,686,805 100 %$1,170,425 100 %$516,380 44 %

*  Percentage of total revenue, net.

Fee and commission income 

The following table sets forth information regarding our fee and commission income for the periods presented.

Nine months ended December 31,(amounts in thousands)20242023Amount Change% ChangeBrokerage services$319,386 $239,608 $79,778 33 %Commission income from payment processing21,670 37,318 (15,648)(42)%Underwriting and market-making services 7,465 15,085 (7,620)(51)%Banking services12,748 23,480 (10,732)(46)%Other fee and commission income18,707 15,074 3,633 24 %Total fee and commission income$379,976 $330,565 $49,411 15 %

The following table sets out the components of our fee and commission income as a percentage of total fee and commission income, net for the periods presented.

Nine months ended December 31, 20242023(as a % of total fee and commission income)Brokerage services84 %72 %Commission income from payment processing6 %11 %Banking services3 %7 %Underwriting and market-making services1 %5 %Other fee and commission income5 %5 %Total fee and commission income100 %100 %

For the nine months ended December 31, 2024, total fee and commission income was $380.0 million, an increase of $49.4 million, or 15%, as compared to fee and commission income of $330.6 million for the nine months ended December 31, 2023. 

75

Fee and commission income from brokerage services for the nine months ended December 31, 2024 was $319.4 million, representing a 33% increase as compared to $239.6 million for the nine months ended December 31, 2023. This increase was primarily due to an increase in the number of retail brokerage customers from 458