Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 214

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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 that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. A significant portion of the Group's revenue-generating transactions are not subject to ASC Topic 606, including revenue generated from financial instruments, such as loans and investment securities, insurance revenue, as these activities are subject to other U.S. GAAP guidance discussed elsewhere within these disclosures. Descriptions of the Group's revenue-generating activities that are within the scope of ASC Topic 606, which are presented in the Consolidated Statements of Operations and Statements of Other Comprehensive Income as components of total revenue, net are as follows:• Commissions on brokerage services;• Commissions on banking services (money transfers, foreign exchange operations and other);• Agency fee commissions (the Company earns agency fee commissions through its facilitation of transactions between customers);• Commissions on payment processing; and• Commissions on investment banking services (such as underwriting and market making services).The Group launched a cashback-based loyalty program, according to which cashback is provided for purchases made with Bank's card, depending on the customer loyalty level. If cash or another form of consideration provided to a customer, the Group reduces the transaction price. Concentrations of RevenueRevenues from one customer of the Group's Brokerage segment represents the following amount of the Group's consolidated revenues:Three Months EndedSeptember 30, 2025Three Months EndedSeptember 30, 2024Six Months Ended September 30, 2025Six Months Ended September 30, 2024Single non-related party$101,759 $79,011 $183,031 $163,284 For the three months ended September 30, 2025 and September 30, 2024 the amounts in the table above included fee and commission income earned from one customer in the amount of $97,214 and $71,410, respectively and interest income from margin loans to one customer in the amount of $4,545 and $7,601, respectively. For the six months ended September 30, 2025 and September 30, 2024 the amounts in the table above included fee and commission income earned from one customer in the amount of $169,539 and $136,289, respectively, and interest income from margin loans to one customer in the amount of $13,492 and $26,995, respectively. Transaction-Based RevenuesThe Company earns transaction-based revenue by routing and executing customer orders in equities, options, fixed-income