Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 291

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 291
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Z subsidiary as of September 30, 2025 as compared to approximately 2,515,000 as of March 31, 2025. We had approximately 1,285,000 insurance customers at our Freedom Life and Freedom Insurance subsidiaries as of September 30, 2025 as compared to approximately 1,170,000 as of March 31, 2025.

The operating results for any period are not necessarily indicative of the results that may be expected for any future period. 

74

RESULTS OF OPERATIONS

Comparison of the Three-month Periods Ended September 30, 2025 and 2024

The following comparison of our financial results for the three-month periods ended September 30, 2025 and 2024 is not necessarily indicative of future results.

Revenue

The following table sets out information on our total revenue, net for the periods presented. 

Three months ended September 30, 2025Three months ended September 30, 2024 Change(amounts in thousands)Amount%*Amount%*Amount%Fee and commission income$132,238 25 %$121,051 21 %$11,187 9 %Net gain on trading securities37,104 7 %68,317 12 %(31,213)(46)%Interest income211,662 40 %210,324 36 %1,338 1 %Insurance premiums earned, net of reinsurance125,228 24 %160,344 27 %(35,116)(22)%Net gain on foreign exchange operations5 0 %6,479 1 %(6,474)(100)%Net (loss)/gain on derivatives(3,163)(1)%6,308 1 %(9,471)(150)%Sales of goods and services19,998 4 %12,024 2 %7,974 66 %Other income3,035 1 %1,292 — %1,743 135 %Total revenue, net$526,107 100 %$586,139 100 %$(60,032)(10)%

*  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.

Three months ended September 30,20252024Amount Change% ChangeBrokerage services$137,646 $107,378 $30,268 28