Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 12

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 our total net income for the three months ended September 30, 2025. 

Our total assets increased to $10.3 billion as of September 30, 2025 from $9.9 billion as of March 31, 2025. 

We had approximately 776,000 total retail brokerage customers as of September 30, 2025 as compared to approximately 683,000 as of March 31, 2025. We had approximately 3,617,000 banking customers at our Freedom Bank KZ subsidiary as of September 30, 2025 as compared to approximately 2,515,000 as of March 31, 2025. We had approximately 1,285,000 insurance customers at our Freedom Life and Freedom Insurance subsidiaries as of September 30, 2025 as compared to approximately 1,170,000 as of March 31, 2025.

The operating results for any period are not necessarily indicative of the results that may be expected for any future period. 

74

RESULTS OF OPERATIONS

Comparison of the Three-month Periods Ended September 30, 2025 and 2024

The following comparison of our financial results for the three-month periods ended September 30, 2025 and 2024 is not necessarily indicative of future results.

Revenue

The following table sets out information on our total revenue, net for the periods presented. 

Three months ended September 30, 2025Three months ended September 30, 2024 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$132,238 25 %$121,051 21 %$11,187 9 %Net gain on trading securities37,104 7 %68,317 12 %(31,213)(46)%Interest income211,662 40 %210,324 36 %1,338 1 %Insurance premiums earned, net of reinsurance125,228 24 %160,344 27 %(35,116)(22)%Net gain on foreign exchange operations5 0 %6,479 1 %(6,474)(100)%Net (loss)/gain on derivatives(3,163)(1)%6,308 1 %(9,471)(150)%Sales of goods and services19,998 4 %12,024 2 %7,974 66 %Other income3,035 1