Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 265

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 265
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 2024Nine months ended December 31, 2023 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$379,976 23 %$330,565 28 %$49,411 15 %Net gain on trading securities105,779 6 %77,498 7 %28,281 36 %Interest income661,016 39 %588,857 50 %72,159 12 %Insurance underwriting income467,224 28 %181,882 15 %285,342 157 %Net gain on foreign exchange operations18,513 1 %54,430 5 %(35,917)(66)%Net gain/(loss) on derivatives30,691 2 %(71,795)(6)%102,486 (143)%Other income23,606 1 %8,988 1 %14,618 163 %Total revenue, net$1,686,805 100 %$1,170,425 100 %$516,380 44 %

*  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.

Nine months ended December 31,(amounts in thousands)20242023Amount Change% ChangeBrokerage services$319,386 $239,608 $79,778 33 %Commission income from payment processing21,670 37,318 (15,648)(42)%Underwriting and market-making services 7,465 15,085 (7,620)(51)%Banking services12,748 23,480 (10,732)(46)%Other fee and commission income18,707 15,074 3,633 24 %Total fee and commission income$379,976 $330,565 $49,411 15 %

The following table sets out the components of our fee and commission income as a percentage of total fee and commission income, net for the periods presented.

Nine months ended December 31, 20242023(as a % of total fee and commission income)Brokerage services84 %72 %Commission income from payment processing6 %11 %Banking services3 %7 %Underwriting and market-making services1 %5 %Other fee and commission income5 %5