Company: FRHC
Filing Date: 2025-06-13
Form Type: 10-K
Source: 0000924805-25-000012
Chunk: 170

Company: Freedom Holding Corp.
Filing Date: 2025-06-13
Form: 10-K
Item: Item 7
Chunk 170
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)$(57,810)Fiscal 2024$38,125 $95,729 $133,854 

For the fiscal year ended March 31, 2025, we had a realized gain on trading securities of $65.9 million, which is attributable to Kazakhstan sovereign bonds sold during the fiscal 2025. Also, we recognized a temporary unrealized net loss of $123.7 million due to the decrease in the value of securities positions we held as of March 31, 2025. The majority of this unreal

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ized loss is related to Kazakhstan sovereign bonds, which experienced a negative revaluation following an increase in the base interest rate in Kazakhstan during March 2025.

During the year ended March 31, 2024, we had a realized gain on trading securities of $38.1 million, which is attributable to Kazakhstan sovereign bonds sold during the year ended March 31, 2024. We had an unrealized net gain in the year ended March 31, 2024, due to securities positions we held at March 31, 2024, having appreciated by $95.7 million. The majority of the unrealized net gain was attributable to appreciated Kazakhstan sovereign bonds, which appreciation was primarily due to a decline in the National Bank of the Republic of Kazakhstan's base interest rate during the year ended March 31, 2024.

Interest income

The following table sets forth information regarding our interest income for the fiscal years presented:

 Year ended March, 3120252024Amount Change%ChangeInterest income on trading securities$378,350 $426,428 $(48,078)(11)%Interest income on margin loans to customers 212,360 175,571 36,789 21 %Interest income on loans to customers207,802 176,539 31,263 18 %Interest income on available-for-sale securities40,297 32,821 7,476 23 %Interest income on reverse repurchase agreements and amounts due from banks24,644 16,865 7,779 46 %Interest income on held-to-maturity securities1,000 — 1,000 100 %Total interest income$864,453 $828,224 $36,229 4 %

The following table sets out the components of our interest income as a percentage of total interest income, net for the fiscal years presented:

Year ended March 31,20252024(as