Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 255

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 255
---
$74,551 $89,564 Three months ended December 31, 2023 $9,353 $(14,442)$(5,089)

During the three months ended December 31, 2024, we had a realized gain on trading securities of $15.0 million, which is attributable to Kazakhstan sovereign bonds sold during the three months ended December 31, 2024. Also, we recognized an unrealized net gain of $74.6 million during the same period due to an increase in the value of securities positions we held as of December 31, 2024. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds.

During the three months ended December 31, 2023, we had a realized gain on trading securities of $9.4 million, which is mainly attributable to debt securities of the Kazakhstan Sustainability Fund JSC sold during the three months ended December 31, 2023. We had an unrealized net loss in amount of $14.4 million in the three months ended December 31, 2023 due to securities positions we continued to hold at December 31, 2023. The majority of the unrealized net loss arose from the securities of Kazakhstan Sustainability Fund JSC, primarily as a consequence of price declines.

Interest income

The following tables set forth information regarding our revenue from interest income for the periods presented.

67

Three months ended December 31,(amounts in thousands)20242023Amount Change%ChangeInterest income on trading securities$95,666 $112,860 $(17,194)(15)%Interest income on margin loans to customers61,295 51,553 9,742 19 %Interest income on loans to customers51,089 49,529 1,560 3 %Interest income on securities available-for-sale11,027 7,478 3,549 47 %Interest income on reverse repurchase agreements and amounts due from banks5,611 5,025 586 12 %Total interest income$224,688 $226,445 $(1,757)(1)%

Three months ended December 31,20242023(as a % of total interest income)Interest income on trading securities43 %50 %Interest income on loans to customers23 %22 %Interest income on margin loans to customers27 %23 %Interest income on securities available-for-sale5 %3 %Interest income on reverse