Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 141

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 141
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 arising when a borrower or counterparty does not meet its financial obligations to us. We are exposed to credit risk through our products and assets, such as loans issued, marginal lending, derivatives, debt securities, reverse repurchase agreements, and trading account assets. The table below presents the current credit ratings of issuers of securities in our proprietary portfolio as of March 31, 2025 and 2024: Table of Contents 87

March 31, 2025 >BB <BB Not rated Total Non-U.S. sovereign debt $ 1,257,719 $ 24,376 $ 355 $ 1,282,450 Corporate debt 702,564 94,980 10,441 807,985 Corporate equity 67,432 1,999 36,796 106,227 U.S. sovereign debt 73,787 — — 73,787 Exchange traded notes 1,326 — 3,511 4,837 Total trading securities $ 2,102,828 $ 121,355 $ 51,103 $ 2,275,286 Non-US sovereign debt 207,659 572 — 208,231 Corporate debt 231,770 11,533 427 243,730 US sovereign debt 21,626 — — 21,626 Total available-for-sale securities, at fair value $ 461,055 $ 12,105 $ 427 $ 473,587 Non-US sovereign debt 65,860 — — 65,860 Total held-to-maturity securities $ 65,860 $ — $ — $ 65,860 Total investment securities $ 2,629,743 $ 133,460 $ 51,530 $ 2,814,733 March 31, 2024 >BB <BB Not rated Total Non-U.S. sovereign debt $ 2,399,328 $ 9,258 $ 540 $ 2,409,126 Corporate debt 988,374 99,627 20,869 1,108,870 Corporate equity 88,787 855 36,461 126,103 U.S. sovereign debt 43,173 — — 43,173 Exchange traded notes 57 — 1,291 1,348 Total trading securities $ 3,519,719 $ 109,740 $ 59,161 $ 3,688,620 Corporate debt 125,648 47,729 191 173,568 Non-US sovereign debt 26