Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 306

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 306
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 for the six months ended September 30, 2024. The following table sets forth information regarding our net gains on trading activities during the three months ended September 30, 2025 and 

85

2024:(amounts in thousands)Realized Net GainUnrealized Net GainNet GainSix months ended September 30, 2025$52,786 $29,920 $82,706 Six months ended September 30, 2024 $15,241 $974 $16,215 

During the six months ended September 30, 2025, we had a realized gain on trading securities of $82.7 million, which is mostly attributable to Kazakhstani corporate debt securities sold during the six months ended September 30, 2025. Also, we recognized an unrealized net gain of $29.9 million during the same period due to an increase in the value of securities positions we held as of September 30, 2025. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds.

During the six months ended September 30, 2024, we had a realized gain on trading securities of $15.2 million, which is attributable to Kazakhstan sovereign bonds sold during the six months ended September 30, 2024. Also, we recognized an unrealized net gain of $1.0 million during the same period due to the increase in the value of securities positions we held as of September 30, 2024. The majority of the unrealized net gain is attributable to Kazakhstan sovereign bonds, as a consequence of market price increase.

Interest income

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

Six months ended September 30,(amounts in thousands)20252024Amount Change%ChangeInterest income on margin loans to customers$133,103 $91,984 $41,119 45 %Interest income on loans to customers128,372 101,760 26,612 26 %Interest income on trading securities90,245 212,120 (121,875)(57)%Interest income on securities available-for-sale27,257 17,403 9,854 57 %Interest income on held-to-maturity securities20,529 — 20,529 100 %Interest income on reverse repurchase agreements and amounts due from banks10,727 13,061 (2,334)(18)%Total interest income$