Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 187

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 debt211,628 (378)(3,019)208,231 2024 - indefiniteU.S. sovereign debt21,868 — (242)21,626 2027 - 2044Total available-for-sale securities, at fair value$477,156 $(406)$(3,163)$473,587 

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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 6 – MARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET

Margin lending, brokerage and other receivables as of June 30, 2025, and March 31, 2025, consisted of:June 30, 2025March 31, 2025Margin lending receivables$2,864,477 $3,294,569 Receivables from telecommunication services20,947 9,985 Bank commissions receivable6,604 7,529 Bond coupon receivable and dividends accrued3,019 6,832 Receivables from brokerage customers2,739 2,399 Receivable for underwriting and market-making services250 1,577 Other receivables15,593 15,510 Allowance for receivables(16,916)(19,256)Total margin lending, brokerage and other receivables, net$2,896,713 $3,319,145 Margin lending receivables are amounts owed to the Group from customers as a result of borrowings by such customers against the value of qualifying securities, primarily for the purpose of purchasing additional securities. Amounts may fluctuate from period to period as overall customer balances change as a result of market levels, customer positioning and leverage. Credit exposures arising from margin lending activities are generally mitigated by their short-term nature, the value of collateral held and the Group's right to call for margin when collateral values decline.Collateral for margin lending receivables includes cash balances in customers' brokerage accounts and securities, adjusted for customers' off-balance sheet short positions. As of June 30, 2025, and March 31, 2025, the fair value of collateral held by the Group under margin loans was $6,668,373 and $7,312,950, respectively.As of