Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 122

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 122
---
322 2,548 64,162 Interest expense8,659 72,503 1,355 19,742 102,259 Insurance claims incurred, net of reinsurance— — 79,923 — 79,923 Payroll and bonuses32,534 22,695 8,759 29,155 93,143 Professional services1,869 484 516 7,628 10,497 Stock compensation expense4,900 2,831 406 7,359 15,496 Advertising and sponsorship expense9,694 2,548 143 15,117 27,502 General and administrative expense11,136 14,549 1,985 17,886 45,556 Allowance for/(recovery of) expected credit losses389 8,516 3,172 (133)11,944 Cost of sales— — — 15,139 15,139 TOTAL EXPENSE82,365 131,234 137,581 114,441 465,621 INCOME/(LOSS) BEFORE INCOME TAX$152,519 $(25,512)$13,308 $(79,829)$60,486 Income tax (expense)/benefit(25,885)(6,554)(4,797)15,471 (21,765)NET INCOME/(LOSS)$126,634 $(32,066)$8,511 $(64,358)$38,721 

58

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)

Six months ended September 30, 2025STATEMENT OF OPERATIONSBrokerageBankingInsuranceOtherTotalFee and commission income$245,050 $(27,364)$— $22,194 $239,880 Net gain on trading securities19,676 44,566 8,522 9,942 82,706 Interest income143,104 230,332 34,393 2,404 410,233 Insurance premiums earned, net of reinsurance— — 278,485 — 278,485 Net gain/(loss) on foreign exchange operations1,978 (24,060)1,976 7,