Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 130

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 130
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 as of the dates presented: As of March 31, 2025 2024 Cash and cash equivalents(1) $ 837,302 $ 545,084 Restricted cash(2) $ 807,468 $ 462,637 Trading securities $ 2,275,286 $ 3,688,620 Total assets $ 9,914,017 $ 8,301,930 Net liquid assets(3) $ 5,013,290 $ 3,137,383 (1) Of the $837.3 million in cash and cash equivalents we held at March 31, 2025, $81.1 million, or approximately 10%, were subject to reverse repurchase agreements. By comparison, at March 31, 2024, we had cash and cash equivalents of $545.1 million, of which $135.0 million, or 25%, were subject to reverse repurchase agreements. The amount of cash and cash equivalents we hold is subject to minimum levels set by regulatory bodies, including adequate capital and liquidity levels for each entity. (2) Principally consists of cash of our brokerage customers which are segregated in a special custody accounts for the exclusive benefit of our brokerage customers. (3) Consists of cash and cash equivalents, trading securities, and margin lending, brokerage and other receivables, net of securities repurchase agreement obligations. Includes liquid assets held after deducting securities repurchase agreement obligations. As at March 31, 2025 and 2024, we had total liabilities of $8.7 billion and $7.1 billion, respectively, including customer liabilities of $4.3 billion and $2.3 billion, respectively. We finance our assets primarily from revenue-generating activities and short-term and long-term financing arrangements. Table of Contents 81

Cash Flows The following table presents information from our statement of cash flows for the periods indicated. Our cash and cash equivalents include restricted cash, which principally consists of cash of our brokerage customers which are segregated in special custody accounts for the exclusive benefit of our brokerage customers. Year ended March 31, 2025 2024 Net cash from/(used in) operating activities $ 1,681,058 $ (1,064,362) Net cash used in investing activities (905,472) (638,222) Net cash (used in)/from financing activities (1,578) 1,674,572 Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash