Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 150

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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,356—Other interest income5,2716,019Total interest income$211,662$203,274

(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. Therefore, 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 September 30, 2025, the monthly average balance of margin loans to customers was $— million and the weighted average interest rates was 0%. 

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.

78

Three months ended September 30,2025 vs 2024(Decrease)/Increase due to change in(amounts in thousands)RateVolumeNetInterest incomeInterest income on trading securities$(17,107)$(50,217)$(67,323)Interest income on loans to customers2,256 15,029 17,285 Interest income on margin loans to customers337 38,610 38,947 Interest income on available-for-sale securities(201)5,072 4,871 Interest income on held-to-maturity securities— 5,173 15,356 Other interest income— — (748)Total interest income$(14,714)$13,667 $8,388 

Insurance premiums earned, net of reinsurance

For the three months ended September 30, 2025, we had insurance premiums earned, net of reinsurance of $125.2