Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 255

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 255
---
 SECURITIES

During the three months and six months ended September 30, 2025 and September 30, 2024, net gain on trading securities was comprised of:Three Months EndedSeptember 30, 2025Three Months EndedSeptember 30, 2024Net gain recognized during the period on trading securities sold during the period$44,920 $2,400 Net unrealized (loss)/gain recognized during the reporting period on trading securities still held at the reporting date(7,816)65,917 Net gain recognized during the period on trading securities$37,104 $68,317 Six Months EndedSeptember 30, 2025Six Months EndedSeptember 30, 2024Net gain recognized during the period on trading securities sold during the period$52,786 $15,241 Net unrealized gain recognized during the reporting period on trading securities still held at the reporting date29,920 974 Net gain recognized during the period on trading securities$82,706 $16,215 During the three months ended September 30, 2025, there was a realized gain on trading securities of $44.9 million, which is attributable to Kazakhstan sovereign bonds sold during the three months ended September 30, 2025. However, the Group has incurred an unrealized net loss of $7.8 million during the same period due to the decline in the value of securities positions held as of September 30, 2025.During the six months ended September 30, 2025, there was a realized gain on trading securities of $82.7 million, which is attributable to Kazakhstan sovereign bonds sold during the six months ended September 30, 2025. Also, the Group has recognized an unrealized net gain of $29.9 million during the same period due to an increase in the value of securities positions held as of September 30, 2025. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds.

46

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)

NOTE 16 - NET INTEREST INCOME/EXPENSE

Net interest income/expense for the three months ended September 30, 2025 and September 30, 2024 includes:Three months ended September 30, 2025