Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 97

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 146,242 174,019 36,902 533,423 Fee and commission expense10,787 5,603 66,034 2,447 84,871 Interest expense16,082 79,237 2,629 15,462 113,410 Insurance claims incurred, net of reinsurance— — 80,285 — 80,285 Payroll and bonuses34,193 19,241 8,131 31,536 93,101 Professional services1,917 195 707 10,205 13,024 Stock compensation expense6,213 3,070 10,451 3,320 23,054 Advertising and sponsorship expense8,262 923 249 15,029 24,463 General and administrative expense10,788 12,316 2,074 16,797 41,975 (Recovery of)/allowance for expected credit losses(2,323)5,624 1,185 336 4,822 Cost of sales— — — 13,903 13,903 TOTAL EXPENSE85,919 126,209 171,745 109,035 492,908 INCOME/(LOSS) BEFORE INCOME TAX$90,341 $20,033 $2,274 $(72,133)$40,515 Income tax expense(15,993)(2,662)(4,118)12,654 (10,119)NET INCOME/(LOSS)$74,348 $17,371 $(1,844)$(59,479)$30,396 

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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)

Three months ended June 30, 2024STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$97,943 $2,796 $115 $14,635 $115,489 Net gain/(loss) on trading securities874 (50,007)139 (3,108)(52,102)Interest income62,789 146,063 15,699 1,453 226,004 Insurance premiums earned, net of reinsurance— — 129