Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 108

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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264,911 Interest expense69,067 298,205 8,796 25,451 401,519 Insurance claims incurred, net of reinsurance— — 218,504 — 218,504 Payroll and bonuses67,534 46,757 24,266 62,572 201,129 Professional services5,891 576 1,302 18,699 26,468 Stock compensation expense19,925 6,305 4,353 5,505 36,088 Advertising expense41,449 3,132 541 13,600 58,722 General and administrative expense28,956 36,101 17,173 89,552 171,782 Provision/(Recovery of) for allowance for expected credit losses1,484 36,775 1,500 (490)39,269 TOTAL EXPENSE259,530 437,801 490,323 230,738 1,418,392 INCOME BEFORE INCOME TAX$303,514 $61,280 $32,946 $(129,327)$268,413 Income tax (expense)/benefit(45,940)(9,641)(9,544)23,596 (41,529)NET INCOME$257,574 $51,639 $23,402 $(105,731)$226,884 

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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 December 31, 2023STATEMENTS OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$103,406 $1,502 $38 $15,213 $120,159 Net (loss)/gain on trading securities(722)(5,630)329 934 (5,089)Interest income66,169 144,070 14,700 1,506 226,445 Insurance underwriting income— — 79,017 — 79,017 Net (loss)/gain on foreign exchange operations(3,388)41,648 27 538 38,825 Net loss on derivative(1,257)(41,311)— — (42,568