Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 15

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 $2.4 million, which is attributable to Kazakhstan sovereign bonds sold during the three months ended September 30,2024. Also, we recognized an unrealized net gain of $65.9 million during the same period due to an increase in the value of securities 

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positions we held as of September 30, 2024. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds.

Interest income

The following tables set forth information regarding our revenue from interest income for the periods presented.

Three months ended September 30,(amounts in thousands)20252024Amount Change%ChangeInterest income on margin loans to customers72,814 40,917 31,897 78 %Interest income on loans to customers66,678 49,393 17,285 35 %Interest income on trading securities37,669 104,992 (67,323)(64)%Interest income on held-to-maturity securities15,356 — 15,356 100 %Interest income on securities available-for-sale13,874 9,003 4,871 54 %Interest income on reverse repurchase agreements and amounts due from banks5,271 6,019 (748)(12)%Total interest income$211,662 $210,324 $1,338 1 %

Three months ended September 30,20252024(as a % of total interest income)Interest income on margin loans to customers34 %19 %Interest income on loans to customers32 %23 %Interest income on trading securities18 %50 %Interest income on held-to-maturity securities7 %— %Interest income on securities available-for-sale7 %4 %Interest income on reverse repurchase agreements and amounts due from banks2 %3 %Total interest income 100 %100 %

For the three months ended September 30, 2025, we had interest income of $211.7 million, representing an increase of $1.3 million, or 1%, compared to the three months ended September 30, 2024. The increase was primarily driven by a $31.9 million, or 78% increase in interest income on margin loans to customers reflecting higher customer activity in margin lending. 

Additionally, interest income on loans to customers increased by $17.3 million, or 35%, due to the expansion of the loan portfolio. 

The interest income on held-to-maturity has increased