Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 19

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 19
---
 on our total expense for the periods presented.

Three months ended September 30, 2025Three months ended September 30, 2024Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission expense$64,162 14 %$90,837 20 %$(26,675)(29)%Interest expense102,259 22 %124,665 27 %(22,406)(18)%Insurance claims incurred, net of reinsurance79,923 17 %66,684 15 %13,239 20 %Payroll and bonuses93,143 20 %66,210 14 %26,933 41 %Professional services10,497 2 %8,245 2 %2,252 27 %Stock compensation expense15,496 3 %12,056 3 %3,440 29 %Advertising and sponsorship expense27,502 6 %32,433 7 %(4,931)(15)%General and administrative expense45,556 10 %40,856 9 %4,700 12 %Allowance for expected credit losses11,944 3 %10,427 2 %1,517 15 %Cost of sales15,139 3 %5,239 1 %9,900 189 %Total expense$465,621 100 %$457,652 100 %$7,969 2 %              ______________

*    Percentage of total expense.

Fee and commission expense 

The following table sets forth information regarding our fee and commission expense for the periods presented.Three months ended September 30,20252024Amount Change%ChangeAgency fee expense$41,276 $74,030 $(32,754)(44)%Brokerage services10,583 6,1984,385 71 %Bank services8,917 4,4804,437 99 %Central Depository services248 135113 84 %Exchange services201 466(265)(57)%Other commission expenses2,937 5,528(2,591)(47)%Total fee and commission expense$64,162 $90,837 $(26,675)(29)%

The following table sets out the components of our fee and commission expense as a percentage of total fee and commission expense, net for the periods presented.

Three