Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 308

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 308
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,131 Available-for-sale securities, at fair value461,529 (2)268,713 Held-to-maturity securities238,021 — Average yields(3)Trading securities 11.2 %13.3 %Loans issued15.6 %15.5 %Margin lending, brokerage and other receivables, net9.3 %8.8 %Available-for-sale securities, at fair value12.2 %13.4 %Held-to-maturity securities18.0 %— %Interest incomeInterest income on trading securities$90,245 $212,120 Interest income on loans to customers128,372 101,760 Interest income on margin loans to customers133,103 66,087 Interest income on securities available-for-sale 27,257 17,403 Interest income on held-to-maturity securities20,529 — Other interest income10,727 13,061 Total interest income$410,233 $410,431 

(1) Average balance and average yields relate to margin lending activities.

(2) Average balance, average yields, and interest income relates to corporate debt, non-US sovereign debt and US sovereign debt activities.

(3) Average yields are computed by dividing interest income by the corresponding average monthly balances.

 Interest income on margin loans to customers includes income accrued on off-balance sheet arrangements. The monthly average balance of these arrangements is not included in the table above. These off-balance sheet arrangements mainly included repurchase agreements of our brokerage customers. As of September 30, 2024, the monthly average balance of off-balance sheet arrangements was $688.8 million, with a weighted average interest rate of 8%. Following that date, we had no such off-balance sheet arrangements on which we charge an interest. Accordingly, as of September 30, 2025, the monthly average balance of margin loans to customers was $— million and the weighted average interest rates was 0%. 

The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes