Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 236

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 236
---
OM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

Nine months ended December 31, 2023STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$255,052 $24,194 $82 $51,237 $330,565 Net gain/(loss) on trading securities25,555 39,360 13,146 (563)77,498 Interest income158,284 376,464 49,399 4,710 588,857 Insurance underwriting income— — 181,882 — 181,882 Net gain/(loss) on foreign exchange operations1,732 54,098 (641)(759)54,430 Net (loss)/gain on derivative(960)(71,406)— 571 (71,795)Other income, net2,913 14 3,042 3,019 8,988 TOTAL REVENUE, NET442,576 422,724 246,910 58,215 1,170,425 Fee and commission expense18,782 12,972 65,182 6,180 103,116 Interest expense69,271 265,163 25,386 5,830 365,650 Insurance claims incurred, net of reinsurance— — 96,491 — 96,491 Payroll and bonuses49,797 28,987 11,433 26,494 116,711 Professional services5,376 392 401 18,624 24,793 Stock compensation expense2,141 162 97 903 3,303 Advertising expense18,130 3,834 611 5,230 27,805 General and administrative expense31,688 20,332 3,738 30,453 86,211 Provision for allowance for expected credit losses3,568 9,206 679 2,009 15,462 TOTAL EXPENSE198,753 341,048 204,018 95,723 839,542 INCOME BEFORE INCOME TAX$243,823 $81,676 $42,892 $(37,508)$330,883 Income tax (expense)/benef