Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 182

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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 at fair value$151,893 $258,465 $38,444 $24,785 $473,587 The following tables present maturity analysis for held-to-maturity securities as of June 30, 2025, and March 31, 2025:June 30, 2025Remaining contractual maturity of the agreementsUp to 1 year1-5 years5-10 yearsMore than 10 yearsTotalNon-US sovereign debt— 107,838 126,783 68,730 303,351 Total held-to-maturity securities$— $107,838 $126,783 $68,730 $303,351 March 31, 2025Remaining contractual maturity of the agreementsUp to 1 year1-5 years5-10 yearsMore than 10 yearsTotalNon-US sovereign debt— — 11,931 53,929 65,860 Total held-to-maturity securities$— $— $11,931 $53,929 $65,860 As of June 30, 2025, the Group held debt securities of two issuers each of which individually exceeded 10% of the Group’s total investment securities - the Ministry of Finance of the Republic of Kazakhstan (Fitch: BBB credit rating) in the amount of $1,545,644 and the Kazakhstan Sustainability Fund JSC (Fitch: BBB credit rating) in the amount of $477,026. As of March 31, 2025, the Group held debt securities of two issuers each of which individually exceeded 10% of the Group’s total investment securities - the Ministry of Finance of the Republic of Kazakhstan (Fitch: BBB credit rating) in the amount of $1,527,340 and the Kazakhstan Sustainability Fund JSC (Fitch: BBB credit rating) in the amount of $578,862. The debt securities issued by the Ministry of Finance of the Republic of Kazakhstan and the Kazakhstan Sustainability Fund JSC are categorized as non-US sovereign debt and corporate debt, respectively.As of the June 30, 2025 and March 31, 2025, the Group had $360 and $406 that was recognized as other-than-temporary impairment in accumulated other comprehensive loss.The fair value of securities is determined using observable market data based on recent trading activity. Where observable market data is unavailable due to a lack of trading activity, the Group utilizes internally developed models to estimate fair value and independent third parties