Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 234

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 234
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45,342 3,938 661,016 Insurance underwriting income— — 467,224 — 467,224 Net gain/(loss) on foreign exchange operations9,722 (35,882)3,696 40,977 18,513 Net gain on derivative2,409 28,241 — 41 30,691 Other income/(expense), net3,291 243 (193)20,265 23,606 TOTAL REVENUE, NET563,044 499,081 523,269 101,411 1,686,805 Fee and commission expense25,224 9,950 213,888 15,849 264,911 Interest expense69,067 298,205 8,796 25,451 401,519 Insurance claims incurred, net of reinsurance— — 218,504 — 218,504 Payroll and bonuses67,534 46,757 24,266 62,572 201,129 Professional services5,891 576 1,302 18,699 26,468 Stock compensation expense19,925 6,305 4,353 5,505 36,088 Advertising expense41,449 3,132 541 13,600 58,722 General and administrative expense28,956 36,101 17,173 89,552 171,782 Provision/(Recovery of) for allowance for expected credit losses1,484 36,775 1,500 (490)39,269 TOTAL EXPENSE259,530 437,801 490,323 230,738 1,418,392 INCOME BEFORE INCOME TAX$303,514 $61,280 $32,946 $(129,327)$268,413 Income tax (expense)/benefit(45,940)(9,641)(9,544)23,596 (41,529)NET INCOME$257,574 $51,639 $23,402 $(105,731)$226,884 

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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 December 31,