Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 244

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 244
---
 and sponsorship expense24,463 5 %21,896 5 %2,567 12 %General and administrative expense41,975 9 %40,410 10 %1,565 4 %Allowance for/(recovery of) expected credit losses4,822 1 %(1,770)— %6,592 (372)%Cost of sales13,903 3 %4,284 1 %9,619 225 %Total expense$492,908 100 %$413,401 100 %$79,507 19 %              ______________

*    Percentage of total expense.

Fee and commission expense 

The following table sets forth information regarding our fee and commission expense for the periods presented.Three months ended June 30,20252024Amount Change%ChangeAgency fee expense$65,872 $64,816 $1,056 2 %Bank services7,858 3,6434,215 116 %Brokerage services7,644 3,3044,340 131 %Central Depository services328 208120 58 %Exchange services225 541(316)(58)%Other commission expenses2,944 7,635(4,691)(61)%Total fee and commission expense$84,871 $80,147 $4,724 6 %

70

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

Three months ended June 30,20252024(as a % of total fee and commission expense)Agency fee expense78 %81 %Bank services9 %4 %Brokerage services9 %4 %Central Depository services— %— %Exchange services— %1 %Other commission expenses4 %10 %Total fee and commission expense100 %100 %

Fee and commission expense increased by $4.7 million, or 6% in the three months ended June 30, 2025, as compared to the three months ended June 30, 2024. The increase was mainly attributable to a $4.3 million increase in brokerage service expenses in the three months ended June 30, 2025 as compared to the three months ended June 30, 2024, driven by higher customer activity. Additionally, bank services expense increased by $4