Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 87

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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 net gain on trading securities was comprised of:Three Months EndedJune 30, 2025Three Months EndedJune 30, 2024Net unrealized gain/(loss) recognized during the reporting period on trading securities still held at the reporting date$37,736 $(64,943)Net gain recognized during the period on trading securities sold during the period7,866 12,841 Net gain/(loss) recognized during the period on trading securities$45,602 $(52,102)During the three months ended June 30, 2025, the Group sold securities for a gain of $7,866 and recognized unrealized gain in the amount of $37,736. The principal factor contributing to the unrealized net gain is the increase in prices of debt securities with the Ministry of Finance of the Republic of Kazakhstan. During the three months ended June 30, 2024 the Group sold securities for a gain of $12,841 and recognized unrealized loss in the amount of $64,943.

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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)

NOTE 16 - NET INTEREST INCOME/EXPENSE

Net interest income/expense includes:Three months ended June 30, 2025Three months ended June 30, 2024Interest income:Interest income on loans to customers$61,694 $52,367 Interest income on margin loans to customers60,289 51,067 Interest income on trading securities52,576 107,128 Interest income on securities available-for-sale13,383 8,400 Interest income on reverse repurchase agreements and amounts due from banks5,456 7,042 Interest income on held-to-maturity securities5,173 — Total interest income$198,571 $226,004 Interest expense:Interest expense on securities repurchase agreement obligations$45,461 $92,407 Interest expense on customer accounts and deposits39,332 23,127 Interest expense on debt securities issued13,751 6,969 Interest expense on margin lending payable13,374 23,123 Interest expense on loans received510 44 Other interest expense982 48 Total interest expense$113,410 $145,718 Net interest income$85,161 $80,