Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 16

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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.2 million, or 18%, reflecting increased customer activity in margin lending.

Additionally, the interest income on securities available-for-sale increased by $5.0 million, or 59%, compared to the three months ended June 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. 

The following table provides a summary of the monthly average balances and average interest rates for the major categories of our interest-earning assets for the three months ended June 30, 2025 and 2024.

67

Three months ended June 30,20252024(amounts in thousands)Average balanceInterest-earning assetsTrading securities $1,849,084 (2)$3,304,839Loans issued1,698,372 (1)1,390,244Margin lending, brokerage and other receivables, net 2,479,955 1,486,110Available for sale securities, at fair value472,896 (2)251,677Held-to-maturity securities157,020 —Average yields(3)Trading securities 11.9 %13.6 %Loans issued15.3 %15.9 %Margin lending, brokerage and other receivables, net10.1 %9.0 %Available- for- sale securities, at fair value11.8 %14.0 %Held-to-maturity securities13.8 %— %Interest incomeInterest income on loans to customers$61,694$52,367Interest income on margin loans to customers60,28932,197Interest income on trading securities 52,576107,128Interest income on securities available- for- sale 13,3838,400Interest income on held-to-maturity securities5,173—Other interest income5,4567,042Total interest income$198,571$207,134

(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