Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 176

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 176
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 carrying amount exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. If fair value exceeds the carrying amount, no impairment is recorded. The goodwill value at March 31, 2025 decreased compared to March 31, 2024, primarily due to the impact of foreign currency translation. However, excluding the effects of foreign exchange rate movements, goodwill increased as a result of the acquisition of 100% interest in SilkNetCom, and 100% interest in Elitecom by Freedom Telecom Holding. See Note 27 "Acquisitions of Subsidiaries" in the notes to our consolidated financial statements contained in Part II Item 8 of this annual report. The changes in the carrying amount of goodwill for the years ended March 31, 2025 and March 31, 2024, were as follows: 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) 111

Brokerage Bank Insurance Other Total Goodwill, gross Balance as of March 31, 2023 $ 2,677 $ 2,652 $ 980 $ 8,715 $ 15,024 Write-off due to deconsolidation of Freedom UA — — — (832) (832) Foreign currency translation difference 11 94 60 1 166 Acquired — — — 38,290 38,290 Balance as of March 31, 2024 2,688 $ 2,746 $ 1,040 $ 46,174 $ 52,648 Foreign currency translation difference (120) (11) (119) (4,245) (4,495) Acquired — — — 940 940 Balance as of March 31, 2025 2,568 $ 2,735 $ 921 $ 42,869 $ 49,093 Accumulated impairment Balance as of March 31, 2023 $ — $ — $ — $ 832 $ 832 Impairment expense — — — — — Write-off due to deconsolidation of Freedom UA — — — (832) (832) Balance as of March 31, 2024 $ — $ — $ — $ — $ — Impairment expense — — — — — Balance as of March 31, 2025 $ — $ — $ — $