Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 117

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 117
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378,350 $ 426,428 Interest income on loans to customers 207,802 176,539 Interest income on margin loans to customers 186,463 76,871 Interest income on available-for-sale securities 40,297 32,821 Other interest income 24,644 16,865 Interest income on held-to-maturity securities 1,000 — Total interest income $ 838,556 $ 729,524 (1) Average balance and average yields relate to margin lending activities. (2) Average balance, average yields, and interest income relates to corporate debt, non-US sovereign debt and US sovereign debt activities. (3) Average yields are computed by dividing interest income by the corresponding average monthly balances Interest income on margin loans to customers includes income accrued on off-balance sheet arrangements. The monthly average balance of these arrangements is not included in the table above. These off-balance sheet arrangements mainly included repurchase agreements of our brokerage customers. As of September 30, 2024, the monthly average balance of off-balance sheet arrangements was $688.8 million, with a weighted average interest rate of 8%. Following that date, we had no such off-balance sheet arrangements on which we charge an interest. As of March 31, 2024, the monthly average balance of margin loans to customers was $822.5 million and the weighted average interest rates was 12%. The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate), The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes due to volume. Table of Contents 72

Year ended March 31, 2025 vs 2024 Increase/ (decrease) due to change in Rate Volume Net Interest income Interest income on loans to customers $ 3,752 $ 27,511 $ 31,263 Interest income on margin loans to customers 2,230 107,362 109,592 Interest income on trading securities (19,668) (28,410) (48,078) Interest income on available-for-sale securities (4,652) 12,128 7,476 Interest income on held-to-maturity securities — 1,000