Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 271

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 271
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— 289,752 Net gain/(loss) on foreign exchange operations12,343 (21,261)1,395 22,091 14,568 Net gain on derivative1,331 17,471 — — 18,802 Sales of goods and services— — — 17,244 17,244 Other income2,850 615 446 7,778 11,689 TOTAL REVENUE, NET349,713 292,711 325,438 73,276 1,041,138 Fee and commission expense13,641 5,851 139,048 12,444 170,984 Interest expense53,293 196,341 5,833 14,916 270,383 Insurance claims incurred, net of reinsurance— — 113,993 — 113,993 Payroll and bonuses41,166 29,841 14,616 38,111 123,734 Professional services4,256 164 707 10,386 15,513 Stock compensation expense11,597 4,131 2,804 4,139 22,671 Advertising and sponsorship expense26,646 1,893 464 25,326 54,329 General and administrative expense18,908 24,864 12,799 24,695 81,266 Allowance for/(recovery of) expected credit losses93 9,021 397 (854)8,657 Cost of sales— — — 9,523 9,523 TOTAL EXPENSE169,600 272,106 290,661 138,686 871,053 INCOME/(LOSS) BEFORE INCOME TAX$180,113 $20,605 $34,777 $(65,410)$170,085 Income tax (expense)/benefit(24,835)(3,418)(6,184)13,099 (21,338)NET INCOME/(LOSS)$155,278 $17,187 $28,593 $(52,311)$148,747 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.September 30, 2025BrokerageBankingInsuranceOtherTotalTotal assets$5,074,695