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Freedom Holding FRHC Bank — Agency fee expense

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FBRTAgency Business — Referral Fee Income
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ASURAgency fee (as a percent)
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Other financials

Income statement

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Revenue$503.1M+68.6%
Gross profit$477.9M+67.1%
Net income$8.0M
EPS (diluted)$0.13

Balance sheet

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Cash & equivalents$966.1M-41.3%
Total debt$48.8M+20.5%
Total equity$1.5B+21.6%
Total assets$13.2B+32.7%

Cash flow

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Operating cash flow$717.8M
CapEx$23.0M-15.8%
Free cash flow-$1.6B-220%

Valuation

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Market cap$9.52B-18.2%
Enterprise value$8.6B-14.1%
P/E62.1×
P/S4.3×-1.2×

Profitability

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Gross margin96.4%-2.1pp
Operating margin-28%
Net margin7%
FCF margin-0.6%

Returns & leverage

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Return on equity11.3%
Debt / equity0.0×
Current ratio

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept frhc:AgencyFeesExpense.

The source filing: Freedom Holding’s 10-Q, filed February 9, 2026.

Filed
Feb 9, 2026, 4:25 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0000924805-26-000006
Line itemBrokerageBankingInsuranceOtherTotal
Bank services(19,030)(19,030)
Other fee and commission income3397006381,677
Total fee and commission income$132,194$(18,330)$12,225$126,089
Agency fee expense523610,25510,496
Brokerage services10,1892092910,427
Bank services1,5455,891571157,608
Central Depository services393393
Exchange services1,888101,898

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's bank — agency fee expense?
Freedom Holding (FRHC) reported bank — agency fee expense of $236K in Q4 2025.
How has Freedom Holding's bank — agency fee expense changed year-over-year?
Freedom Holding's bank — agency fee expense increased by 861.3% year-over-year, from -$31K to $236K.
What does bank — agency fee expense mean?
Costs incurred by the banking segment for services provided by third-party agents or intermediaries. These expenses are typically associated with distribution, sales, or administrative support provided by external partners.

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