Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 151

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 151
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4 2023 Revenue: Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) $ 505,026 $ 440,333 $ 327,215 Net (loss)/gain on trading securities (57,810) 133,854 71,084 Interest income (including $1,731 , $24,941 and $23,191 from related parties) 864,453 828,224 294,695 Insurance underwriting income 617,596 264,218 115,371 Net gain on foreign exchange operations 51,684 72,245 52,154 Net gain/(loss) on derivatives 12,404 (103,794) (64,826) Sales of goods and services 40,102 21,576 — Other income 17,072 9,696 3,448 TOTAL REVENUE, NET 2,050,527 1,666,352 799,141 Expense: Fee and commission expense 346,074 154,351 65,660 Interest expense 535,895 501,111 208,947 Insurance claims incurred, net of reinsurance 298,109 139,561 77,329 Payroll and bonuses 288,163 181,023 81,819 Professional services 28,924 34,238 17,006 Stock compensation expense 59,592 22,719 9,293 Advertising and sponsorship expense (including $18,497 , $—, and — from related parties) 124,627 38,327 14,059 General and administrative expense (including $1,704, $10,341 and $2,953 from related parties) 162,474 120,888 59,971 Allowance for expected credit losses 62,445 21,225 29,119 Cost of sales 31,278 17,538 — TOTAL EXPENSE 1,937,581 1,230,981 563,203 INCOME BEFORE INCOME TAX 112,946 435,371 235,938 Income tax expense (28,425) (60,419) (42,776) INCOME FROM CONTINUING OPERATIONS 84,521 374,952 193,162 Income before income tax expense of discontinued operations — — 68,160 Reclassification of loss from cumulative translation adjustment of discontinued operations — — (25,415) Loss from divest