Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 236

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 236
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299 and $2,014, respectively. The Group's rent expense for office space was $7,764 for the year ended March 31, 2025 and $3,197 for the year ended March 31, 2024. The Group has leases that involve variable payments tied to an index, which are considered in the measurement of operating lease right-of-use (ROU) assets and operating lease liabilities. NOTE 27 - ACQUISITIONS OF SUBSIDIARIES Acquisition of SilkNetCom On September 17, 2024, the Company acquired 100% interest in SilkNetCom for $23,880. SilkNetCom specializes in the field of provider services, IT and construction of telecommunications networks in private and public sectors. The purpose of the acquisition of SilkNetCom was to use the acquired assets and licenses to develop our telecommunications business. Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 162

As of September 17, 2024, the date of the acquisition of SilkNetCom, the fair value of the net assets of SilkNetCom was $23,672. The total purchase price was allocated as follows: As of September 17, 2024 ASSETS Cash and cash equivalents 54 Margin lending, brokerage and other receivables, net 7,417 Fixed assets, net 41,770 Other assets, net 270 TOTAL ASSETS 49,511 LIABILITIES Margin lending and trade payables 3,519 Current income tax liability 5 Other liabilities 22,315 TOTAL LIABILITIES 25,839 Net assets acquired 23,672 Goodwill 208 Total purchase price 23,880 Acquisition of Eliteсom On October 17, 2024, the Company acquired 100% interest in Eliteсom. Eliteсom provides telecommunications services, including internet access, telephone services and cable television for individuals (B2C), provision of internet access services for legal entities (B2B). The purpose of the acquisition of Eliteсom was to use the acquired assets and licenses to develop our telecommunications business. As of October 17, 2024, the date of the acquisition of Eliteсom, the fair value of the net assets of Eliteсom was $2,084. The total purchase price was allocated as follows: Table of Contents