Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 294

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 294
---
 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 by $15.4 million due to expansion of the held-to-maturity portfolio. 

The interest income on securities available-for-sale increased by $4.9 million, or 54%, compared to the three months ended September 30, 2024. Such increase was due to the increase of volume of available-for-sale securities which is attributable to the purchase of debt securities of the Ministry of Finance of the Republic of Kazakhstan. We also experienced a $67.3 million, or 64%, decrease in interest income on trading securities.