Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 123

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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218 (12,888)Net gain/(loss) on derivative21 14,637 — (2,362)12,296 Sales of goods and services— — — 37,222 37,222 Other income/(expense)1,315 13,853 1,532 (5,104)11,596 TOTAL REVENUE, NET411,144 251,964 324,908 71,514 1,059,530 Fee and commission expense23,971 12,711 107,356 4,995 149,033 Interest expense24,741 151,740 3,984 35,204 215,669 Insurance claims incurred, net of reinsurance— — 160,208 — 160,208 Payroll and bonuses66,727 41,936 16,890 60,691 186,244 Professional services3,786 679 1,223 17,833 23,521 Stock compensation expense11,113 5,901 10,857 10,679 38,550 Advertising and sponsorship expense17,956 3,471 392 30,146 51,965 General and administrative expense21,924 26,865 4,059 34,683 87,531 (Recovery of)/allowance for expected credit losses(1,934)14,140 4,357 203 16,766 Cost of sales— — — 29,042 29,042 TOTAL EXPENSE168,284 257,443 309,326 223,476 958,529 INCOME/(LOSS) BEFORE INCOME TAX$242,860 $(5,479)$15,582 $(151,962)$101,001 Income tax (expense)/benefit(41,878)(9,216)(8,915)28,125 (31,884)NET INCOME/(LOSS)$200,982 $(14,695)$6,667 $(123,837)$69,117 

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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 September 30, 2024STATEMENTS OF OPERATIONSBrokerage