Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 158

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 158
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5 million for the three months ended September 30, 2024, a decrease of 66%. 

Foreign currency translation adjustments, net of tax 

Due to a 5.7% depreciation of the Kazakhstan tenge against the U.S. dollar during the three months ended September 30, 2025, we realized a foreign currency translation loss of $65.5 million for the three months ended September 30, 2025 since most of our companies use the Kazakhstan tenge as their functional currency, as compared to a foreign currency translation loss of $20.0 million for the three months ended September 30, 2024. 

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

The following comparison of our financial results for the six-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. 

Six months ended September 30, 2025Six months ended September 30, 2024 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$239,880 23 %$236,540 23 %$3,340 1 %Net gain on trading securities82,706 8 %16,215 2 %66,491 410 %Interest income410,233 38 %436,328 42 %(26,095)(6)%Insurance premiums earned, net of reinsurance278,485 26 %289,752 28 %(11,267)(4)%Net (loss)/gain on foreign exchange operations(12,888)(1)%14,568 1 %(27,456)(188)%Net gain on derivatives12,296 1 %18,802 2 %(6,506)(35)%Sales of goods and services37,222 4 %17,244 2 %19,978 116 %Other income11,596 1 %11,689 1 %(93)(1)%Total revenue, net$1,059,530 100 %$1,041,138 100 %$18,392 2 %

*  Percentage of total revenue, net.

Fee and commission income 

The following table sets forth information regarding our fee and commission income for the periods presented.

84

Six months ended September 30