Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 241

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 241
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,740 13,219 103,346 13,046 154,351 Interest expense 89,732 368,286 29,965 13,128 501,111 Insurance claims incurred, net of reinsurance — — 139,561 — 139,561 Payroll and bonuses 71,077 48,953 18,796 42,197 181,023 Professional services 6,977 527 561 26,173 34,238 Stock compensation expense 11,352 6,124 2,755 2,488 22,719 Advertising and sponsorship expense 25,353 4,828 789 7,357 38,327 General and administrative expense 40,847 30,804 5,413 43,824 120,888 Allowance for expected credit losses 2,962 16,399 942 922 21,225 Cost of sales — — — 17,538 17,538 TOTAL EXPENSE 273,040 489,140 302,128 166,673 1,230,981 INCOME/(LOSS) BEFORE INCOME TAX FROM CONTINUING OPERATIONS $ 348,914 $ 126,730 $ 42,473 $ (82,746) $ 435,371 Income tax (expense)/benefit (51,158) (15,857) (8,662) 15,258 (60,419) INCOME/(LOSS) FROM CONTINUING OPERATIONS $ 297,756 $ 110,873 $ 33,811 $ (67,488) $ 374,952 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) 167

Year ended March 31, 2023 STATEMENTS OF OPERATIONS Brokerage Banking Insurance Other Total Fee and commission income $ 299,070 $ 18,208 $ 128 $ 9,809 $ 327,215 Net gain/(loss) on trading securities 20,736 55,437 16,063 (21,152) 71,084 Interest income 64,654 177,561 41,007 11,473 294,695 Insurance underwriting income — — 115,371 — 115,371 Net (loss)/gain on foreign