Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 41

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 March 31, 2025, respectively61 61 Additional paid in capital269,664 246,610 Retained earnings1,115,961 1,085,565 Accumulated other comprehensive loss(156,627)(117,995)TOTAL FRHC SHAREHOLDERS’ EQUITY$1,229,059 $1,214,241 Non-controlling interest— 117 TOTAL SHAREHOLDERS’ EQUITY$1,229,059 $1,214,358 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$9,689,753 $9,914,017 

The accompanying notes are an integral part of these condensed consolidated financial statements

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Table of ContentsFREEDOM HOLDING CORP.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) (All amounts in thousands of United States dollars, unless otherwise stated)

Three Months Ended June 30,20252024Revenue:Fee and commission income$107,642 $115,489 Net gain/(loss) on trading securities45,602 (52,102)Interest income198,571 226,004 Insurance premiums earned, net of reinsurance153,257 129,408 Net (loss)/ gain on foreign exchange operations(12,893)8,089 Net gain on derivatives15,459 12,494 Sales of goods and services17,224 5,220 Other income8,561 10,397 TOTAL REVENUE, NET$533,423 $454,999 Expense:Fee and commission expense$84,871 $80,147 Interest expense113,410 145,718 Insurance claims incurred, net of reinsurance 80,285 47,309 Payroll and bonuses93,101 57,524 Professional services13,024 7,268 Stock compensation expense23,054 10,615 Advertising and sponsorship expense (including for the three months ended $5,513 and $2,045 from related parties)24,463 21,896 General and administrative expense41,975 40,410 Allowance for/(recovery of) expected credit losses4,822 (1,770)Cost of sales13,903 4,284 TOTAL EXPENSE$492,908 $413,401 IN