Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 136

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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, 2025Three Months EndedJune 30, 2024(amounts in thousands)Decrease/increases in trading securities (1)$227,270 $(24,454)Increases in brokerage customer liabilities (2)$49,788 $260,972 Decreases in margin lending, brokerage and other receivables (3)$449,567 $399,425 (Decrease)/increases in margin lending and trade payables $(352,399)(4)$26,888 

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(1)Resulted from decreased purchases of securities held in our proprietary account. 

(2)Resulted from increased funds in brokerage accounts from new and existing customers.  

(3)Resulted primarily from decreased volume of margin lending receivables.

(4)Resulted primarily from decreased volume of margin lending payables.

Net cash flows from operating activities in the three months ended June 30, 2025 were primarily net cash inflows attributable to decrease in margin lending, brokerage and other receivables over that period, decrease in trading securities and increase in brokerage customer liabilities. These inflows were partially offset by a decrease in margin lending and trade payables.

Net Cash Flows Used In Investing Activities

78

During the three months ended June 30, 2025, net cash used in investing activities was $505.5 million compared to net cash used in investing activities of $94.7 million during the three months ended June 30, 2024. During the three months ended June 30, 2025, cash used in investing activities was used for the purchase of held-to-maturity securities in amount of $239.2 million, issuance of loans, net of repayment by customers, in the amount of $205.8 million, and purchase of available-for-sale securities, net of proceeds, in the amount of $27.2 million. During the three months ended June 30, 2025, cash used for the issuance of loans, net of repayment increased by $203.2 million compared to the three months ended June 30, 2024, due to the increase in the volume of loans issued during the three months ended June 30, 2025, compared to the three months ended June 30, 2024. This change is attributed to the growth in the Freedom Bank KZ's loan portfolio over the three months ended June 30, 2025, driven by new banking products, partnership agreements, and effective advertising campaigns. 

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