Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 71

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 of each subsidiary, including its allocated goodwill, to its fair value. If the carrying amount exceeds the fair value, an impairment loss is recognized.Further details regarding the measurement of goodwill impairment and the results of impairment tests for each reporting unit are provided below.The Group discloses information about its reporting units, the carrying amounts of goodwill allocated to each reporting unit, and the impairment losses recognized. The allocation of goodwill to reporting units ensures a focused evaluation of each unit's financial performance and facilitates the identification of potential impairment, enhancing the transparency and reliability of the Company's financial reporting.As of September 30, 2025 and March 31, 2025, goodwill recorded in the Company's Condensed Consolidated Balance Sheets totaled $46,247 and $49,093, respectively.The amount of goodwill at September 30, 2025 decreased compared to March 31, 2025 primarily due to the impact of foreign currency translation and sale of Comrun LLP. However, excluding the effects of foreign exchange rate movements, 

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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)

goodwill increased as a result of the acquisition of 100% interest in Astel Group Ltd. by Freedom Telecom, according to preliminary results. Final valuation of Astel Group Ltd. was not completed.The changes in the carrying amount of goodwill for three months ended September 30, 2025 and 2024, were as follows:BrokerageBankInsuranceOtherTotalGoodwill, grossBalance as of March 31, 2024$2,688 $2,746 $1,040 $46,174 $52,648 Foreign currency translation difference(75)(6)(75)(2,703)(2,859)Acquired— — — 3,377 3,377 Balance as of September 30, 2024$2,613 $2,740 $965 $46,848 $53,166 Balance as of March 31, 2025$2,568 $2,735 $921 $42,869 $49,093 Foreign currency translation difference(77)(594)(75)(3,163)(3,909)Write-off due to the sale— — — (560)(560)Acquired— — —