Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 87

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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ARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET

Margin lending, brokerage and other receivables as of September 30, 2025, and March 31, 2025, consisted of:September 30, 2025March 31, 2025Margin lending receivables$3,494,576 $3,294,569 Receivables from telecommunication services16,468 9,985 Bank commissions receivable6,932 7,529 Bond coupon receivable and dividends accrued5,258 6,832 Receivables from brokerage customers2,850 2,399 Other receivables18,935 17,087 Allowance for receivables(16,637)(19,256)Total margin lending, brokerage and other receivables, net$3,528,382 $3,319,145 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, excluding the Company's own shares held by the clients in their brokerage accounts. As of September 30, 2025, and March 31, 2025, the fair value of collateral held by the Group under margin loans was $5,373,967 and $6,379,368, respectively.As of September 30, 2025, and March 31, 2025, the Company had one non-related party customers and three non-related party customers whose individual balances exceeded 10% of the total margin lending, brokerage, and other receivables balance, amounted to $1,179,017 and $2,323,461, respectively. The collateral held from these non-related party customers was valued at $1,578,444 and $3,218,277 as of September 30, 2025, and March 31, 2025, respectively.For both individual and institutional brokerage customers, the Group may