Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 53

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 of goodwill allocated to that reporting unit. If fair value exceeds the carrying amount, no impairment is recorded.The amount of goodwill at June 30, 2025 decreased compared to March 31, 2025 primarily due to the impact of foreign currency translation and sale of Comrun LLP. However, excluding the effects of foreign exchange rate movements, goodwill increased as a result of the acquisition of 100% interest in Astel Group Ltd. by Freedom Telecom. See Note 22 "Acquisitions of Subsidiaries" to the condensed consolidated financial statements included in this quarterly report on Form 10-Q.

13

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)

The changes in the carrying amount of goodwill for three months ended June 30, 2025 and 2024, were as follows:BrokerageBankInsuranceOtherTotalGoodwill, grossBalance as of March 31, 2024$2,688 $2,746 $1,040 $46,174 $52,648 Foreign currency translation difference(55)(5)(55)(1,942)(2,057)Acquired— — — — — Balance as of June 30, 2024$2,633 $2,741 $985 $44,232 $50,591 Balance as of March 31, 2025$2,568 $2,735 $921 $42,869 $49,093 Foreign currency translation difference(28)(473)(27)(1,274)(1,802)Write-off due to the sale(560)(560)Acquired1,740 1,740 Balance as of June 30, 2025$2,540 $2,262 $894 $42,775 $48,471 Accumulated impairmentBalance as of March 31, 2024$— $— $— $— $— Impairment expense— — — — — Balance as of June 30, 2024$— $— $— $— $— Balance as of March 31, 2025$— $— $— $— $— Impairment expense