Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 188

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 188
---
2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this Update should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this Update or (2) retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact that ASU No 2024-03 will have on its consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU No. 2024-04, "Debt-Debt with Conversion and Other Options" (Subtopic 470-20). The amendments in this Update clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in this Update are effective for all entities for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities that have adopted the amendments in Update 2020-06. The amendments in this Update permit an entity to apply the new guidance on either a prospective or a retrospective basis. The Company is currently evaluating the impact that ASU No 2024-04 will have on its consolidated financial statements and related disclosures. 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) 118

NOTE 3 - CASH AND CASH EQUIVALENTS March 31, 2025 March 31, 2024 Short term deposits in National Bank (Kazakhstan) $ 311,065 $ 196,942 Short term deposits in commercial banks 262,345 127,051 Overnight deposits 81,962 3,557 Securities purchased under reverse repurchase agreements 81,118 134,961 Petty cash in bank vault and on hand 59,533 22,613 Short term deposits on brokerage accounts 20,567 2,917 Cash in transit 10,546 9,633 Short term deposits in National Bank (Tajikistan) 7,647 — Short term deposits in stock exchanges 2,391 47,830 Short term deposits in the Central Depository (Kazakhstan) 510 42 Allowance for Cash and cash equivalents (382) (462) Total cash and cash equivalents