Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 224

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 224
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 due from banks18,672 12,012 Other interest income— 2,594 Total interest income$661,016 $588,857 Interest expense:Interest expense on securities repurchase agreement obligations$267,049 $303,242 Interest expense on customer accounts and deposits74,111 49,120 Interest expense on margin lending payable35,357 9,671 Interest expense on debt securities issued23,912 3,387 Interest expense on loans received1,042 89 Other interest expense48 141 Total interest expense$401,519 $365,650 Net interest income$259,497 $223,207 

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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)

NOTE 17 - NET GAIN/(LOSS) ON DERIVATIVES 

Three months ended December 31, 2024Three months ended December 31, 2023Net realized gain/(loss) on derivatives$11,740 $(43,019)Net unrealized gain on derivatives149 451 Total net gain/(loss) on derivatives$11,889 $(42,568)Nine months ended December 31, 2024Nine months ended December 31, 2023Net realized gain/(loss) on derivatives$26,490 $(72,681)Net unrealized gain on derivatives4,201 886 Total net gain/(loss) on derivatives$30,691 $(71,795)

 NOTE 18 – RELATED PARTY TRANSACTIONS

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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)

Related party transactions as of December 31, 2024 and March 31, 2024, consisted of the following:December 31, 2024March 31, 2024Related party balancesTotal category as per financial statements captionsRelated party balancesTotal category as per financial statements captionsASSETSCash and cash equivalents$50 $577,940 $203 $545,084 Companies controlled by management50 203 Restricted cash$3,198 $742,153 $— $462,637