Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 57

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 ITS Tech2,000 — Capital contribution to investment in associate(2,414)— 

6

Table of contentsFREEDOM HOLDING CORPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)

Cash, cash equivalents disposed from sale of ITS Tech(542)— Consideration paid for SilkNetCom(12,050)— Cash received at acquisition of SilkNetCom54 — Consideration paid for other acquisitions(2,804)Cash received at other acquisitions39 Prepayment on acquisitions(7,416)(17,810)

Net cash flows used in investing activities(652,628)(593,033)Cash Flows From Financing ActivitiesNet (repayment)/proceeds from securities repurchase agreement obligations(157,068)1,370,587 Proceeds from issuance of debt securities201,663 206,371 Repurchase of mortgage loans under the State Program(40,962)(30,317)Funds received under state program for financing of mortgage loans60,351 75,817 Net change in bank customer deposits765,681 271,572 Purchase of non-controlling interest in Arbuz— (3,228)Net proceeds from loans received3,946 1,526 Net cash flows from financing activities833,611 1,892,328 Effect of changes in foreign exchange rates on cash and cash equivalents(212,300)(6,449)Effect of expected credit losses on cash and cash equivalents and restricted cash378 — NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH312,372 (80,509)CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD1,007,721 1,026,945 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD$1,320,093 $946,436 

For The Nine Months Ended December 31,20242023Supplemental disclosure of cash flow information:Cash paid for interest$384,736 $350,106 Income tax paid$32,934 $23,652 Supplemental non-cash disclosures:Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net$1,485 $9