Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 259

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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14 8 Advertising and sponsorship expense$4,892 $27,502 $4,644 $32,433 Companies controlled by management4,892 4,644 

50

Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

Six Months Ended September 30, 2025Six Months Ended September 30, 2024Related party amountsTotal category as per financial statements captionsRelated party amountsTotal category as per financial statements captionsRevenue:Fee and commission income2,083 239,880 1,703 236,540 Management297 509 Companies controlled by management1,778 1,188 Other8 6 Interest income1,766 410,233 644 436,328 Management1,276 419 Companies controlled by management490 225 Insurance premiums earned, net of reinsurance7,330 278,485 1,302 289,752 Management17 4 Companies controlled by management7,310 652 Other3 646 Expense:Fee and commission expense2,552 149,033 532 170,984 Management1 — Companies controlled by management2,551 532 Interest expense$921 215,669 $841 270,383 Management241 228 Companies controlled by management653 600 Other27 13 Advertising and sponsorship expense$10,405 51,965 $6,689 54,329 Companies controlled by management10,405 6,689     As of September 30, 2025 and March 31, 2025, the Group had loans issued which included uncollateralized bank customer loans purchased from FFIN Credit, a company outside of the Group which is controlled by Timur Turlov. As of September 30, 2025, 47% of the Group's total related party other assets consisted of a prepayment to Freedom Data Centers LLP (formerly, Freedom Telecom LLP) for the potential acquisition of A-Telecom LLP compared to 52% as of March 31, 2025. The potential acquisition of A-Telecom LLP is part of the Group’s strategy to expand its presence in the telecommunications market in Kazakhstan and to develop a digital fintech ecosystem. Freedom Data Centers LLP is considered