Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 179

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 179
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 $807,468 Trading securities$1,740,526 $2,275,286 Total assets$10,349,769 $9,914,017 Net liquid assets(3)$5,098,539 $5,013,290 

(1)Of the $636.0 million in cash and cash equivalents we held at September 30, 2025, $105.3 million, or approximately 17%, was subject to reverse repurchase agreements. By comparison, at March 31, 2025, we had cash and cash equivalents of $837.3 million, of which $81.1 million, or approximately 10%, was subject to reverse repurchase agreements. The amount of cash and cash equivalents we hold is subject to minimum levels set by regulatory bodies to comply with required rules and regulations, including adequate capital and liquidity levels for each entity.

(2)     Principally consists of cash of our brokerage customers which are segregated in a special custody

accounts for the exclusive benefit of our brokerage customers.

(3)     Consists of cash and cash equivalents, trading securities, and margin lending, brokerage and other

receivables, net of securities repurchase agreement obligations. It includes liquid assets possessed after deducting securities repurchase agreement obligations.

As of September 30, 2025, and March 31, 2025, we had total liabilities of $9.1 billion and $8.7 billion, respectively, including customer liabilities of $5.8 billion and $4.3 billion, respectively. 

We finance our assets primarily from revenue-generating activities and short-term and long-term financing arrangements.

98

CASH FLOWS

The following table presents information from our statement of cash flows for the periods indicated. Our cash and cash equivalents include restricted cash, which principally consists of cash of our brokerage customers which are segregated in a special custody accounts for the exclusive benefit of our brokerage customers.

Six Months EndedSeptember 30, 2025Six Months EndedSeptember 30, 2024(amounts in thousands)Net cash flows from operating activities$1,016,112 $416,072 Net cash flows used in investing activities(684,552)(223,437)Net cash flows from financing activities219,739 370,315 Effect of changes in foreign exchange rates on cash and cash equivalents(247,006)(106,027)Effect of expected credit losses on cash and cash equivalents and restricted cash