Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 109

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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994 $147 $24,816 $236,540 Agency fee expense— 32 138,814 — 138,846 Brokerage services9,156 79 8 259 9,502 Bank services2,031 5,740 224 128 8,123 Exchange services963 — — 44 1,007 Central Depository services343 — — — 343 Other commission expenses1,148 — 2 12,013 13,163 Total fee and commission expense$13,641 $5,851 $139,048 $12,444 $170,984 

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Table of ContentsNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 15 – NET GAIN ON TRADING SECURITIES

During the three months and six months ended September 30, 2025 and September 30, 2024, net gain on trading securities was comprised of:Three Months EndedSeptember 30, 2025Three Months EndedSeptember 30, 2024Net gain recognized during the period on trading securities sold during the period$44,920 $2,400 Net unrealized (loss)/gain recognized during the reporting period on trading securities still held at the reporting date(7,816)65,917 Net gain recognized during the period on trading securities$37,104 $68,317 Six Months EndedSeptember 30, 2025Six Months EndedSeptember 30, 2024Net gain recognized during the period on trading securities sold during the period$52,786 $15,241 Net unrealized gain recognized during the reporting period on trading securities still held at the reporting date29,920 974 Net gain recognized during the period on trading securities$82,706 $16,215 During the three months ended September 30, 2025, there was a realized gain on trading securities of $44.9 million, which is attributable to Kazakhstan sovereign bonds sold during the three months ended September 30, 2025. However, the Group has incurred an unrealized net loss of $7.8 million during the same period due to the decline in the value of securities positions held as of September 30, 2025.During the six months ended September 30,