Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 239

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 239
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 $97.7 million as compared to a net loss of $52.1 million for the three months ended June 30, 2024. The following table sets forth information regarding our net gains on trading activities during the three months ended June 30, 2025 and 2024:(amounts in thousands)Realized Net GainUnrealized Net Gain/(Loss)Net Gain/(Loss)Three months ended June 30, 2025$7,866 $37,736 $45,602 Three months ended June 30, 2024 $12,841 $(64,943)$(52,102)

During the three months ended June 30, 2025, we had a realized gain on trading securities of $7.9 million, which is attributable to Kazakhstan sovereign bonds sold during the three months ended June 30, 2025. Also, we recognized an unrealized net gain of $37.7 million during the same period due to an increase in the value of securities positions we held as of June 30, 2025. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds.

During the three months ended June 30, 2024, we had a realized gain on trading securities of $12.8 million, which was attributable to Kazakhstan sovereign bonds sold during the three months ended June 30, 2024. However, we also incurred an unrealized net loss of $64.9 million during the same period due to the decline in the value of securities positions we held as of June 30, 2024. The majority of the unrealized net loss was attributable to Kazakhstan sovereign bonds, as a consequence of their market price decline.

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Interest income

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

Three months ended June 30,(amounts in thousands)20252024Amount Change%ChangeInterest income on loans to customers$61,694 $52,367 $9,327 18 %Interest income on margin loans to customers60,289 51,067 9,222 18 %Interest income on trading securities52,576 107,128 (54,552)(51)%Interest income on securities available-for-sale13,383 8,400 4,983 59 %Interest income on reverse repurchase agreements and amounts due from banks5,456 7,042 (1,586)(23)%Interest income on held