Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 205

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 205
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6,577) $ (31) $ (43,619) Charges (10,043) (38,895) (4,703) (5,335) (20,324) (24) (79,324) Recoveries 1,694 6,778 1,524 6,761 8,331 — 25,088 Write off 1 13,273 7 2,914 — 30 16,225 Forex 682 3,001 138 1,457 1,237 — 6,515 March 31, 2025 $ (10,699) $ (35,479) $ (3,114) $ (8,465) $ (17,333) $ (25) $ (75,115) Allowance for credit losses Mortgage loan Uncollateralized bank customer loans Collateralized bank customer loans Car loans Right of claim for purchased retail loans Other Total March 31, 2023 $ (554) $ (233) $ — $ (758) $ (1,247) $ — $ (2,792) Adjustment to allowance for adoption of ASU 2016-13 (2,216) (7,436) (35) (6,462) (9,046) — (25,195) Charges (2,361) (22,464) (115) (15,014) (13,334) (31) (53,319) Recoveries 2,132 10,795 71 8,181 17,095 — 38,274 Forex (34) (298) (1) (209) (45) — (587) March 31, 2024 $ (3,033) $ (19,636) $ (80) $ (14,262) $ (6,577) $ (31) $ (43,619) Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 133

NOTE 8 - INCOME TAXES The Group is subject to taxation in Kazakhstan, Kyrgyzstan, Cyprus, Uzbekistan, Germany, Tajikistan, Turkey, the United Arab Emirates, the United Kingdom and the United States of America. The tax rates used for deferred tax assets and liabilities for the years ended March