Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 100

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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 amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 10 – CUSTOMER LIABILITIES

The Group recognizes customer liabilities associated with deposit funds of its brokerage and bank customers. As of September 30, 2025, and March 31, 2025, customer liabilities consisted of:September 30, 2025March 31, 2025AmountInterestAmountInterestInterest bearing deposits:Term deposits$1,829,720 0.04% - 18.45%$1,722,313 0.05% - 18.3%Total interest bearing deposits$1,829,720 $1,722,313 Non-interest-bearing deposits:Brokerage customers$3,407,509 $2,167,111 Customer accounts522,407 415,575 Total non-interest-bearing accounts$3,929,916 $2,582,686 Total customer liabilities$5,759,636 $4,304,999 In accordance with Kazakhstan law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks are required to pay commissions to KDIF on a periodic basis, the amount of which depends on the term deposits and demand deposits received by banks from their customers. Under the agreement, KDIF insures the term deposits and demand deposits up to $36 for each customer. As at September 30, 2025, and March 31, 2025, respectively, the Group had total amounts in excess of insured bank term deposits of $737,127 and $669,753 for all customers.

As of September 30, 2025, and March 31, 2025, the Group had customer liability to a single non-related party that individually exceeded 10% of the Group’s total customer liability in the amount of $2,114,962 and $731,363, respectively. 

NOTE 11 – MARGIN LENDING AND TRADE PAYABLES 

As of September 30, 2025, and March 31, 2025, margin lending and trade payables of the Group comprised the following:September 30, 2025March 31, 2025Margin lending payables$463,162 $1,290,569 Payables to suppliers of goods and services29,947 20,096 Payables to merchants5,482 5,982 Other9,143 5,594 Total