Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 240

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 240
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50,933 6,747 1,403 65,544 124,627 General and administrative expense 37,592 47,589 17,685 59,608 162,474 Allowance for expected credit losses 6,224 54,759 2,031 (569) 62,445 Cost of sales — — — 31,278 31,278 TOTAL EXPENSE 340,721 600,892 660,914 335,054 1,937,581 INCOME/(LOSS) BEFORE INCOME TAX FROM CONTINUING OPERATIONS $ 376,628 $ (94,744) $ 22,112 $ (191,050) $ 112,946 Income tax (expense)/benefit (61,122) 8,252 (3,427) 27,872 (28,425) NET INCOME/(LOSS) FROM CONTINUING OPERATIONS $ 315,506 $ (86,492) $ 18,685 $ (163,178) $ 84,521 Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 166

Year ended March 31, 2024 STATEMENTS OF OPERATIONS Brokerage Banking Insurance Other Total Fee and commission income $ 352,481 $ 26,236 $ 296 $ 61,320 $ 440,333 Net gain/(loss) on trading securities 33,483 87,459 14,114 (1,202) 133,854 Interest income 233,858 524,596 63,676 6,094 828,224 Insurance underwriting income — — 264,218 — 264,218 Net (loss)/gain on foreign exchange operations (852) 78,174 (1,306) (3,771) 72,245 Net (loss)/gain on derivative (2,019) (101,805) — 30 (103,794) Sales of goods and services — — — 21,576 21,576 Other income/(expense) 5,003 1,210 3,603 (120) 9,696 TOTAL REVENUE, NET 621,954 615,870 344,601 83,927 1,666,352 Fee and commission expense 24