Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 85

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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 Level 2 inputs, totaled $19,736. The table below presents the amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value of held-to-maturity securities as of March 31, 2025.March 31, 2025Assets measured at amortized costGross unrecognized holding gainsGross unrecognized holding lossesFair value of held-to-maturityMaturity DateNon-US sovereign debt65,860 332 (1,240)64,952 2031 - 2037Total held-to-maturity securities$65,860 $332 $(1,240)$64,952 

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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)

The tables below presents the valuation techniques and significant Level 3 inputs used in the valuation as of September 30, 2025, and March 31, 2025. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to determination of fair value.TypeValuation TechniqueFV as of September 30, 2025Significant Unobservable Inputs%Corporate equityDCF19,291 Discount rate13.4%Estimated number of years3 yearsTermination multiplier15.1xCorporate equityDCF1,974 Discount rate11.4%Estimated number of years5 yearsTermination multiplier0.95xCorporate debtDCF1,073 Discount rate13.2%Estimated number of years2 yearsCorporate equityDCF116 Discount rate58.8%Estimated number of years9 yearsTotal$22,454 TypeValuation TechniqueFV as of March 31, 2025Significant Unobservable Inputs%Corporate equityDCF18,193 Discount rate21.5%Estimated number of years2 yearsTermination multiplier19.5xCorporate equityDCF127 Discount rate58.8%Estimated number of years9 yearsTotal$18,320 The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the six months ended September 30, 2025, and the year ended March 31, 2025:Trading securitiesBalance as of March 31, 2024$20,442 Revaluation of investments that use Level 3 inputs(2,122)Balance as of March 31,