Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 26

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 2
Chunk 26
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 on trading activities during the nine months ended December 31, 2024 and 2023:(amounts in thousands)Realized Net GainUnrealized Net GainNet GainNine months ended December 31, 2024$30,254 $75,525 $105,779 Nine months ended December 31, 2023 $61,276 $16,222 $77,498 

During the nine months ended December 31, 2024, we had a realized gain on trading securities of $30.3 million, which is attributable to Kazakhstan sovereign bonds sold during the nine months ended December 31, 2024. Also, we recognized an unrealized net gain of $75.5 million during the same period due to the increase in the value of securities positions we held as of December 31, 2024. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds, as a consequence of market price increase.

During the nine months ended December 31, 2023, we had a realized gain on trading securities of $61.3 million, which is attributable to debt securities of the Ministry of Finance of the Republic of Kazakhstan sold during the nine months ended December 31, 2023. We had an unrealized net gain in the nine months ended December 31, 2023, due to securities positions we held at December 31, 2023, having appreciated by $16.2 million. The majority of the unrealized net gain was attributable to appreciated debt securities of the Ministry of Finance of the Republic of Kazakhstan, which appreciation was primarily due to a decline in the National Bank of the Republic of Kazakhstan's base interest rate during the nine months ended December 31, 2023.

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Interest income

The following tables set forth information regarding our revenue from interest income for the periods presented.

Nine months ended December 31,(amounts in thousands)20242023Amount Change%ChangeInterest income on trading securities$307,786 $313,739 $(5,953)(2)%Interest income on loans to customers152,849 123,730 29,119 24 %Interest income on margin loans to customers153,279 111,306 41,973 38 %Interest income on securities available-for-sale28,430 25,476 2,954 12 %Interest income on reverse repurchase agreements and amounts due from banks18,672 12,012 6,660