Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 269

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 269
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 services3,786 679 1,223 17,833 23,521 Stock compensation expense11,113 5,901 10,857 10,679 38,550 Advertising and sponsorship expense17,956 3,471 392 30,146 51,965 General and administrative expense21,924 26,865 4,059 34,683 87,531 (Recovery of)/allowance for expected credit losses(1,934)14,140 4,357 203 16,766 Cost of sales— — — 29,042 29,042 TOTAL EXPENSE168,284 257,443 309,326 223,476 958,529 INCOME/(LOSS) BEFORE INCOME TAX$242,860 $(5,479)$15,582 $(151,962)$101,001 Income tax (expense)/benefit(41,878)(9,216)(8,915)28,125 (31,884)NET INCOME/(LOSS)$200,982 $(14,695)$6,667 $(123,837)$69,117 

59

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 September 30, 2024STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$108,640 $2,198 $32 $10,181 $121,051 Net gain on trading securities10,095 52,850 3,595 1,777 68,317 Interest income52,848 141,986 14,265 1,225 210,324 Insurance premiums earned, net of reinsurance— — 160,344 — 160,344 Net gain/(loss) on foreign exchange operations2,386 (1,566)275 5,384 6,479 Net gain on derivative455 5,853 — — 6,308 Sales of goods and services— — — 12,024 12,024 Other income373 188 (336)1,067 1,292 TOTAL REVENUE, NET174,797 201,509