Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 77

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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)$(40,645)$(2,463)$(8,128)$(18,155)$(2,926)$(81,173)Allowance for credit lossesMortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotalMarch 31, 2024$(3,033)$(19,636)$(80)$(14,262)$(6,577)$(31)$(43,619)Charges(728)(6,389)(116)(1,526)(1,490)(6)(10,255)Recoveries295 3,733 20 3,938 3,473 11,459 Write off— — 4 109 — — 113 Forex180 1,160 9 621 246 2,216 June 30, 2024$(3,286)$(21,132)$(163)$(11,120)$(4,348)$(37)$(40,086)

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 8 –  PROVISION FOR INCOME TAXES 

The Group is subject to taxation in Kazakhstan, Kyrgyzstan, Cyprus, Uzbekistan, Germany, Tajikistan, Turkey, the United Arab Emirates, the United Kingdom and the United States of America.The tax rates used for deferred tax assets and liabilities as of June 30, 2025, and March 31, 2025, were 21% for the United States,  20% for Kazakhstan and Azerbaijan, 18% for Tajikistan, 10% for Kyrgyzstan, 15% for Germany, 12.5% for Cyprus, 25% for Turkey, 25% for United Kingdom, 9% for United Arab Emirates, 18% for Armenia and 15% for Uzbekistan. During the three months ended June 30, 2025, and 2024, the effective tax rate was equal to 25.0% and 17.6%, respectively.

NOTE 9 – SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2025, and March 31, 2025, trading securities