Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 255

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 255
---
As of June 30, 2025, and March 31, 2025, we had total liabilities of $8.5 billion and $8.7 billion, respectively, including customer liabilities of $4.4 billion and $4.3 billion, respectively. 

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

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.

Three Months EndedJune 30, 2025Three Months EndedJune 30, 2024(amounts in thousands)Net cash flows from operating activities$480,831 $854,066 Net cash flows used in investing activities(505,516)(94,685)Net cash flows from financing activities123,381 245,534 Effect of changes in foreign exchange rates on cash and cash equivalents(74,207)(114,815)Effect of expected credit losses on cash and cash equivalents and restricted cash(393)367 NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH$24,096 $890,467 

Net Cash Flows From Operating Activities

Net cash flow from operating activities during the three months ended June 30, 2025, was comprised of net change in operating assets and liabilities and net income adjusted for non-cash movements (changes in deferred taxes, unrealized gain on trading securities, net change in accrued interest, change in insurance reserves, and allowance for receivables). Net cash from operating activities resulted primarily from changes in operating assets and liabilities. Such changes included those set out in the following table.

Three Months EndedJune 30, 2025Three Months EndedJune 30, 2024(amounts in thousands)Decrease/increases in trading securities (1)$227,270 $(24,454)Increases in brokerage customer liabilities (2)$49,788 $260,972 Decreases in margin lending, brokerage and other receivables (3)$449,567 $399,425 (Decrease)/increases in margin lending and trade payables $(352,399)(4)$26,888 

______________

(1)Resulted from decreased purchases of securities held in our proprietary account. 

(2)Resulted