Company: FRHC
Filing Date: 2025-06-13
Form Type: 10-K
Source: 0000924805-25-000012
Chunk: 167

Company: Freedom Holding Corp.
Filing Date: 2025-06-13
Form: 10-K
Item: Item 7
Chunk 167
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 non-controlling interests in ReKassa. As of March 31, 2025, we held 90% of the ownership interest in ReKassa. The remaining 10.00% ownership interest in ReKassa is considered as non-controlling interests in our Consolidated Statements of Operations and Statements of Other Comprehensive Income.

As of March 31, 2024, FRHC held a 94.73% ownership interest in Arbuz, with the remaining 5.27% recognized as non-controlling interests in our Consolidated Statements of Operations and Other Comprehensive Income, Consolidated Statements of Shareholders' Equity, and Consolidated Statements of Cash Flows. During fiscal 2025, we acquired the remaining 5.27% ownership interest in Arbuz. 

RESULTS OF OPERATIONS

Comparison of Fiscal Years Ended March 31, 2025 and 2024

The following comparison of our financial results for the fiscal years ended March 31, 2025 and 2024 is not necessarily indicative of future results. Prior period presentations and disclosures for fiscal 2024 were reclassified to provide comparability with current period classifications. The comparison of our financial results for the fiscal years ended March 31, 

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2024 and 2023 can be found in "Management's Discussion and Analysis of Financial Condition and Results of Operations - Comparison of Fiscal Years Ended March 31, 2024, 2023 and 2022” in Part II, Item 7 of our annual report on Form 10-K for the fiscal year ended March 31, 2024 filed with the SEC on June 14, 2024.

Revenue

The following table sets out information regarding our total revenue, net for the fiscal years presented.

Year ended March 31,20252024Amount Change%ChangeFee and commission income$505,026 $440,333 $64,693 15 %Net gain on trading securities(57,810)133,854 (191,664)(143)%Interest income864,453 828,224 36,229 4 %Insurance underwriting income617,596 264,218 353,378 134 %Net gain on foreign exchange operations51,684 72,245 (20,561)(28)%Net gain/(loss) on derivatives12,404 (103,794)116,198 (112)%Sales of goods and services40,102 21,576 18,526 86