Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 196

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 196
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543) $ 216,621 Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 125

NOTE 6 - MARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET Margin lending, brokerage and other receivables, as of March 31, 2025 and March 31, 2024, consisted of: March 31, 2025 March 31, 2024 Margin lending receivables $ 3,294,569 $ 1,635,377 Receivables from telecommunication services 9,985 — Bank commissions receivable 7,529 11,574 Bond coupon receivable and dividends accrued 6,832 5,429 Receivables from brokerage customers 2,399 2,603 Receivable for underwriting and market-making services 1,577 1,278 Other receivables 15,510 16,004 Allowance for receivables (19,256) (11,990) Total margin lending, brokerage and other receivables, net $ 3,319,145 $ 1,660,275 Margin lending receivables are amounts owed to the Group from customers as a result of borrowings by such customers against the value of qualifying securities, primarily for the purpose of purchasing additional securities. Amounts may fluctuate from period to period as overall customer balances change as a result of market levels, customer positioning and leverage. Credit exposures arising from margin lending activities are generally mitigated by their short-term nature, the value of collateral held and the Group's right to call for margin when collateral values decline. Collateral for margin lending receivables includes cash balances in customers' brokerage accounts and securities, adjusted for customers' off-balance sheet short positions. As of March 31, 2025, and March 31, 2024, the fair value of collateral held by the Group under margin loans was $7,312,950 and $2,824,498, respectively. As of March 31, 2025, and March 31, 2024, the Company had three non-related party customers and one non-related party customer whose individual balances exceeded 10% of the total margin lending, brokerage, and other receivables balance, amounted to $2,323,461 and $399,