Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 197

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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ies295 3,733 20 3,938 3,473 11,459 Write off— — 4 109 — — 113 Forex180 1,160 9 621 246 2,216 June 30, 2024$(3,286)$(21,132)$(163)$(11,120)$(4,348)$(37)$(40,086)

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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 8 –  PROVISION FOR INCOME TAXES 

The Group is subject to taxation in Kazakhstan, Kyrgyzstan, Cyprus, Uzbekistan, Germany, Tajikistan, Turkey, the United Arab Emirates, the United Kingdom and the United States of America.The tax rates used for deferred tax assets and liabilities as of June 30, 2025, and March 31, 2025, were 21% for the United States,  20% for Kazakhstan and Azerbaijan, 18% for Tajikistan, 10% for Kyrgyzstan, 15% for Germany, 12.5% for Cyprus, 25% for Turkey, 25% for United Kingdom, 9% for United Arab Emirates, 18% for Armenia and 15% for Uzbekistan. During the three months ended June 30, 2025, and 2024, the effective tax rate was equal to 25.0% and 17.6%, respectively.

NOTE 9 – SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2025, and March 31, 2025, trading securities included collateralized securities subject to repurchase agreements as described in the following table:June 30, 2025Interest rates and remaining contractual maturity of the agreementsAverage interest rate Up to 30 days30-90 daysTotalSecurities sold under repurchase agreements    Non-US sovereign debt15.05 %$589,831 $1,996 $591,827 Corporate debt15.71 %433,583 34,136 467,719 Corporate equity13.58 %10,212 — 10,212 US sovereign debt15.75 %1,029 —