Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 126

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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 March 31, 2024.

The operating results for any period are not necessarily indicative of the results that may be expected for any future period. 

65

RESULTS OF OPERATIONS

Comparison of the Three-month Periods Ended December 31, 2024 and 2023

The following comparison of our financial results for the three-month periods ended December 31, 2024 and 2023 is not necessarily indicative of future results.

Revenue

The following table sets out information on our total revenue, net for the periods presented. 

Three months ended December 31, 2024Three months ended December 31, 2023 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$143,436 21.9 %$120,159 28.7 %$23,277 19 %Net gain on trading securities89,564 13.7 %(5,089)(1.2)%94,653 (1,860)%Interest income224,688 34.3 %226,445 54.1 %(1,757)(1)%Insurance underwriting income177,472 27.1 %79,017 18.9 %98,455 125 %Net gain on foreign exchange operations3,945 0.6 %38,825 9.3 %(34,880)(90)%Net gain/(loss) on derivatives11,889 1.8 %(42,568)(10.2)%54,457 (128)%Other income4,196 0.6 %1,845 0.4 %2,351 127 %Total revenue, net$655,190 100 %$418,634 100 %$236,556 57 %

*  Percentage of total revenue, net.

Fee and commission income 

The following table sets forth information regarding our fee and commission income for the periods presented.

Three months ended December 31,(amounts in thousands)20242023Amount Change% ChangeBrokerage services$118,841 $99,813 $19,028 19 %Commission income from payment processing7,137 8,977 (1,840)(20)%Banking services8,360 1,331 7,029 528 %Underwriting and market-making services 1,549 3,344 (1,795)(54)%Other fee and