Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 226

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 226
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 liability balances were not material. During the year ended March 31, 2025, March 31, 2024 and March 31, 2023 fee and commission income was comprised of: 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) 153

Year ended March 31, 2025 Brokerage Banking Insurance Other Total Brokerage services $ 430,136 $ — $ — $ — $ 430,136 Commission income from payment processing — — — 28,711 28,711 Agency fee income — — — 15,616 15,616 Bank services — 13,336 — — 13,336 Underwriting and market-making services 11,210 — — — 11,210 Other fee and commission income 493 1,353 — 4,171 6,017 Total fee and commission income $ 441,839 $ 14,689 $ — $ 48,498 $ 505,026 Agency fee expense — 36 284,019 — 284,055 Brokerage services 19,846 — — — 19,846 Bank services 4,806 14,419 538 301 20,064 Exchange services 1,546 — — 230 1,776 Central Depository services 706 — 1 — 707 Other commission expenses 2,376 107 22 17,121 19,626 Total fee and commission expense 29,280 14,562 284,580 17,652 346,074 Year ended March 31, 2024 Brokerage Banking Insurance Other Total Brokerage services $ 333,383 $ — $ — $ — $ 333,383 Commission income from payment processing — — — 41,659 41,659 Bank services — 25,180 — — 25,180 Underwriting and market-making services 18,801 — — — 18,801 Agency fee income — 108 296 15,468 15,872 Other fee and commission income 297 948 — 4,193 5,438 Total fee and commission income $ 352,481 $ 26,236 $ 296 $ 61,320 $ 440,333 Agency fee expense — — 103,020 — 103,020 Bank services 2,