Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 239

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 239
---
 207,519 Bank guarantees 15,039 9,012 Total $ 59,278 $ 216,531 As of March 31, 2025, loans secured by cash constituted 68% of the unused commitments under lines of credit and guarantees. 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) 165

NOTE 29 - SEGMENT REPORTING The following tables summarize the Group's Statement of Operations by its reportable segments. There are no revenues from transactions between the segments and intercompany balances have been eliminated for separate disclosure: Year ended March 31, 2025 STATEMENTS OF OPERATIONS Brokerage Banking Insurance Other Total Fee and commission income $ 441,839 $ 14,689 $ — $ 48,498 $ 505,026 Net gain/(loss) on trading securities 10,487 (66,426) 1,843 (3,714) (57,810) Interest income 254,340 544,221 60,550 5,342 864,453 Insurance underwriting income — — 617,596 — 617,596 Net gain on foreign exchange operations 7,021 8,750 2,621 33,292 51,684 Net gain on derivative 734 5,284 — 6,386 12,404 Sales of goods and services — — — 40,102 40,102 Other income/(expense) 2,928 (370) 416 14,098 17,072 TOTAL REVENUE, NET 717,349 506,148 683,026 144,004 2,050,527 Fee and commission expense 29,280 14,562 284,580 17,652 346,074 Interest expense 84,543 400,905 12,331 38,116 535,895 Insurance claims incurred, net of reinsurance — — 298,109 — 298,109 Payroll and bonuses 98,352 62,876 32,381 94,554 288,163 Professional services 6,213 837 1,602 20,272 28,924 Stock compensation expense 27,584 12,617 10,792 8,599 59,592 Advertising and sponsorship expense