Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 106

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 106
---
 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 

50

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 10,770 — 41 11,889 Other income/(expense), net441 (372)(639)4,766 4,196 TOTAL REVENUE, NET213,331 206,370 197,831 37,658 655,190 Fee and commission expense11,583 4,099 74,840 3,405 93,927 Interest expense15,774 101,864 2,963 10,535 131,136 Insurance claims incurred, net of reinsurance— — 104,511 — 104,511 Payroll and bonuses26,368 16,916 9,650 24,461 77,395