Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 124

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 124
---
724 6 %Interest expense113,410 23 %145,718 35 %(32,308)(22)%Insurance claims incurred, net of reinsurance80,285 16 %47,309 11 %32,976 70 %Payroll and bonuses93,101 19 %57,524 14 %35,577 62 %Professional services13,024 3 %7,268 2 %5,756 79 %Stock compensation expense23,054 5 %10,615 3 %12,439 117 %Advertising and sponsorship expense24,463 5 %21,896 5 %2,567 12 %General and administrative expense41,975 9 %40,410 10 %1,565 4 %Allowance for/(recovery of) expected credit losses4,822 1 %(1,770)— %6,592 (372)%Cost of sales13,903 3 %4,284 1 %9,619 225 %Total expense$492,908 100 %$413,401 100 %$79,507 19 %              ______________

*    Percentage of total expense.

Fee and commission expense 

The following table sets forth information regarding our fee and commission expense for the periods presented.Three months ended June 30,20252024Amount Change%ChangeAgency fee expense$65,872 $64,816 $1,056 2 %Bank services7,858 3,6434,215 116 %Brokerage services7,644 3,3044,340 131 %Central Depository services328 208120 58 %Exchange services225 541(316)(58)%Other commission expenses2,944 7,635(4,691)(61)%Total fee and commission expense$84,871 $80,147 $4,724 6 %

70

The following table sets out the components of our fee and commission expense as a percentage of total fee and commission expense, net for the periods presented.

Three months ended June 30,20252024(as a % of total fee and commission expense)Agency fee expense78 %81 %Bank services9 %4 %Brokerage services9 %4 %Central Depository services— %— %Exchange services