Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 224

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 224
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 Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract. The Board is issuing this update to address stakeholders’ concerns about the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and the diversity in accounting for share-based noncash consideration from a customer that is consideration for the transfer of goods or services. The amendments in this update are effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the impact that ASU No. 2025-07 will have on its consolidated financial statements and related disclosures.

NOTE 3 – CASH AND CASH EQUIVALENTS

As of September 30, 2025, and March 31, 2025, cash and cash equivalents consisted of the following: September 30, 2025March 31, 2025 Short term deposits in commercial banks$241,398 $262,345 Short term deposits in National Bank (Kazakhstan)174,515 311,065 Securities purchased under reverse repurchase agreements105,315 81,118 Petty cash in bank vault and on hand54,208 59,533 Overnight deposits18,977 81,962 Cash in transit16,578 10,546 Short term deposits on brokerage accounts9,208 20,567 Short term deposits in National Bank (Tajikistan)6,934 7,647 Short term deposits in stock exchanges6,349 2,391 Short term deposits in the Central Depository (Kazakhstan)2,411 510 Other short term deposits and accounts557 — Allowance for Cash and cash equivalents(475)(382)Total cash and cash equivalents$635,975 $837,302 As of September 30, 2025, and March 31, 2025, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group enters into on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of September 30, 2025, and March 31, 2025 are presented below:

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CON