Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 183

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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 to validate assumptions, when appropriate. Estimating fair value requires significant management judgment, including benchmarking to similar instruments with observable market data and applying appropriate discounts that reflect differences between the securities that the Group is valuing and the selected benchmark. Depending on the type of securities owned by the Group, other valuation methodologies may be required.

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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)

Measurement of fair value is classified within a hierarchy based upon the transparency of inputs used in the valuation of an asset or liability. Classification within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement.The valuation hierarchy contains three levels:•Level 1 - Valuation inputs are unadjusted quoted market prices for identical assets or liabilities in active markets.•Level 2 - Valuation inputs are quoted market prices for identical assets or liabilities in markets that are not active, quoted market prices for similar assets and liabilities in active markets, and other observable inputs directly or indirectly related to the asset or liability being measured.•Level 3 - Valuation inputs are unobservable and significant to the fair value measurement.The following tables present securities assets in the Сondensed Сonsolidated Balance Sheets or disclosed in the Notes to the condensed consolidated financial statements at fair value on a recurring basis as of June 30, 2025, and March 31, 2025:Weighted Average Interest RateTotalFair Value Measurements as of June 30, 2025 usingQuoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Units(Level 1)(Level 2)(Level 3)Non-U.S. sovereign debt11.06 %$1,042,485 $632,872 $409,613 $— Corporate debt12.90 %751,558 294,247 456,270 1,041 Corporate equity— 128,316 106,238 2,547 19,531 U.S. sovereign debt3.88 %74,369 74,369 — — Exchange traded notes and funds— 4,664 2,152 2,512 — Total trading securities$2,001,392 $1,109,878 $870,942 $20,572 Corporate debt15.68