Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 110

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 — 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)/benefit(20,074)— 22 (31,356)(51,408)NET INCOME$223,749 $81,676 $42,914 $(68,864)$279,475 The following tables summarize the Company's total assets and total liabilities by its business segments as of the dates presented. Intercompany balances have been eliminated for separate disclosure.

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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)

December 31, 2024BrokerageBankingInsuranceOtherTotalTotal assets$3,232,400 $