Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 221

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 221
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 the Group’s unconditional right to receive payment under a contract with a customer (i.e., unbilled receivable) and are derecognized when either it becomes a receivable or the cash is received. As of December 31, 2024 and March 31, 2024, the Group's contract asset balances were not material.Contract liabilities arise when customers remit contractual cash payments in advance of the Group satisfying its performance obligations under the contract and are derecognized when the revenue associated with the contract is recognized either when a milestone is met triggering the contractual right to bill the customer or when the performance obligation is satisfied. As of December 31, 2024 and March 31, 2024, contract liability balances were not material.

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

During the three months and the nine months ended December 31, 2024, and December 31, 2023, fee and commission income comprised: Three months ended December 31, 2024BrokerageBankingInsuranceOtherTotalBrokerage services$118,841 $— $— $118,841 Bank services— 8,360 — 8,360 Commission income from payment processing — — — 7,137 7,137 Underwriting and market-making services1,549 — — 1,549 Other fee and commission income310 238 — 7,001 7,549 Total fee and commission income$120,700 $8,598 $— $14,138 $143,436 Three months ended December 31, 2023BrokerageBankingInsuranceOtherTotalBrokerage service $99,813 $— $— $— $99,813 Commission income from payment processing— — — 8,977 8,977 Underwriting and market-making services3,344 — — — 3,344 Bank services— 1,331 — — 1,331 Other fee and commission income249 171 38 6,236 6,694 Total fee and commission income$103,406 $1,502 $38 $15,213 $120,159 Nine months ended December 31, 2024