Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 223

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 223
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 regulated entities that is material for our consolidated financial statements. 

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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)

(amounts in thousands)Regulated activitiesNet Capital/Eligible EquityRequired Minimum capital/solvencyExcess regulatory capitalRetained earnings Freedom Holding Corp.Non-regulated holding company$486,790 $200,000 $286,790 $(212,344)Freedom EUBrokerage449,516 19,320 430,196 817,674 Freedom Bank KZBank388,858 177,077 211,781 173,383 Freedom KZBrokerage42,039 378 41,661 101,314 Freedom GlobalBrokerage140,668 30,929 109,739 145,017 Freedom LifeLife Insurance69,397 11,350 58,047 75,319 Freedom Armenia ("Freedom AR")Brokerage58,453 787 57,665 58,929 Freedom InsuranceProperty and Casual Insurance42,249 11,350 30,898 25,779 Other regulated operating subsidiariesOther17,075 251 16,824 (32,320)$1,695,045 $451,443 $1,243,601 $1,152,751 According to the requirements of National Bank of Republic of Kazakhstan, the regulator of Freedom KZ and Freedom Life, capital is adjusted through subtraction of non-liquid assets. Consequently, net capital for regulatory purposes may be lower than retained earnings balances. For the purposes of capital requirements applicable to Freedom EU, which is regulated by the Cyprus Securities and Exchange Commission and Freedom Global regulated by Astana Financial Services Authority, current year profit is not included within net capital for regulatory purposes, as profits can only be included in net capital after a statutory audit is completed. The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2025 for each of our subsidiaries that are regulated entities that is material for our consolidated financial statements.(amounts in thousands)Regulated activitiesNet Capital/Eligible EquityRequired Minimum capital/solvencyExcess regulatory capitalRetained earnings Freedom Holding Corp.Non-regulated holding company$526,906 $200,000 $326,906