Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 217

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 expense6,213 3,070 10,451 3,320 23,054 Advertising and sponsorship expense8,262 923 249 15,029 24,463 General and administrative expense10,788 12,316 2,074 16,797 41,975 (Recovery of)/allowance for expected credit losses(2,323)5,624 1,185 336 4,822 Cost of sales— — — 13,903 13,903 TOTAL EXPENSE85,919 126,209 171,745 109,035 492,908 INCOME/(LOSS) BEFORE INCOME TAX$90,341 $20,033 $2,274 $(72,133)$40,515 Income tax expense(15,993)(2,662)(4,118)12,654 (10,119)NET INCOME/(LOSS)$74,348 $17,371 $(1,844)$(59,479)$30,396 

51

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)

Three months ended June 30, 2024STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$97,943 $2,796 $115 $14,635 $115,489 Net gain/(loss) on trading securities874 (50,007)139 (3,108)(52,102)Interest income62,789 146,063 15,699 1,453 226,004 Insurance premiums earned, net of reinsurance— — 129,408 — 129,408 Net gain/(loss) on foreign exchange operations9,957 (19,695)1,120 16,707 8,089 Net gain on derivative876 11,618 — — 12,494 Sales of goods and services— — — 5,220 5,220 Other income2,477 427 782 6,711 10,397 TOTAL REVENUE, NET174,916 91,202 147,263 41,618 454,999 Fee and commission expense5,677 2