Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 143

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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Trading securities $3,309,753 $3,352,968 Loans issued1,360,755 1,160,390 Margin lending, brokerage and other receivables, net 1,856,741 846,872 Available for sale securities, at fair value310,941 221,269 Average yieldsTrading securities 12.6 %12.7 %Loans issued15.3 %14.5 %Margin lending, brokerage and other receivables, net9.3 %12.6 %Available- for- sale securities, at fair value12.4 %15.6 %Interest incomeInterest income on trading securities $307,786 $313,739 Interest income on loans to customers152,849 123,730 Interest income on margin loans to customers127,382 78,872 Interest income on available- for- sale securities28,430 25,476 Other interest income18,672 14,606 Total interest income$635,119 $556,423 

Interest income on margin loans to customers includes income accrued on off-balance sheet arrangements, the monthly average balance of which is not included in the table above. These off-balance sheet arrangements mainly included repurchase agreements of our brokerage clients. As of December 31, 2024 and 2023, the monthly average balance of off-balance sheet arrangements were $688.8 million and $569.0 million, respectively, and the weighted average interest rate was 8%, and 12%, respectively. 

The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate), The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes due to volume.

78

Nine months ended December 31,2024 vs 2023(Decrease)/increase due to change in(amounts in thousands)RateVolumeNetInterest incomeInterest income on trading securities(1,945)(4,008)(5,953)Interest income on loans to customers6,97422,145 29,119 Interest income on margin loans to customers-13,94462,454 48