Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 76

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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,550 $141,071 $— The tables below present the valuation techniques and significant Level 3 inputs used in the valuation as of December 31, 2024, and March 31, 2024. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to determination of fair value.TypeValuation TechniqueFV as of December 31, 2024Significant Unobservable Inputs%Corporate debtDCF$858 Discount rate74.0%Estimated number of years3 monthsCorporate equityDCF18,420 Discount rate21.5%Estimated number of years3 yearsTermination multiplier20xCorporate equityDCF122 Discount rate58.8%Estimated number of years9 yearsTotal$19,400 

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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)

TypeValuation TechniqueFV as of March 31, 2024Significant Unobservable Inputs%Corporate debtDCF$292 Discount rate74.0%Estimated number of years3 monthsCorporate equityDCF20,007 Discount rate13.0%Estimated number of years4 years, 6 monthsTermination multiplier27xCorporate equityDCF143 Discount rate58.8%Estimated number of years9 yearsTotal$20,442 The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended December 31, 2024, and the year ended March 31, 2024:Trading securitiesBalance as of March 31, 2023$5,138 Reclassification to Level 2$(32)Deconsolidation of Freedom UA securities(3,927)Sale of investments that use Level 3 inputs(15,856)Purchase of investments that use Level 3 inputs35,807 Revaluation of investments that use Level 3 inputs(132)Reclassification to investment in associate(556)Balance as of March 31, 2024$20,442 Reclassification to Level 3— Sale of investments that use Level 3 inputs — Purchase of investments that use Level 3 inputs— Revaluation of investments that use Level 3 inputs(1,042)Balance as of December 31, 2024$19,400 The table below presents the amort