Company: FRHC
Filing Date: 2025-06-13
Form Type: 10-K
Source: 0000924805-25-000012
Chunk: 172

Company: Freedom Holding Corp.
Filing Date: 2025-06-13
Form: 10-K
Item: Item 7
Chunk 172
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 decisions.

Company generated $1.0 million in interest income from held-to-maturity securities in fiscal year ended March 31, 2025, following the growth in the held-to-maturity securities portfolio.

The following table provides a summary of the monthly average balances and average interest rates for the major categories of our interest-earning assets for the fiscal years ended March 31, 2025 and 2024.

Year ended March 31,20252024Average balanceInterest-earning assetsTrading securities $3,149,515 (2)$3,381,287 Margin lending, brokerage and other receivables, net 2,202,876 (1)933,797 Loans issued1,405,464 1,218,935 Available-for-sale securities, at fair value348,847 (2)221,356 Held-to-maturity securities14,221 — Average yields (3)Trading securities 12.0 %12.6 %Margin lending, brokerage and other receivables, net8.5 %8.2 %Loans issued14.8 %14.5 %Available-for-sale securities, at fair value11.6 %14.8 %Held-to-maturity securities7.0 %— %Interest incomeInterest income on trading securities $378,350 $426,428 Interest income on loans to customers207,802 176,539 Interest income on margin loans to customers186,463 76,871 Interest income on available-for-sale securities40,297 32,821 Other interest income24,644 16,865 Interest income on held-to-maturity securities1,000 — Total interest income$838,556 $729,524 

(1) Average balance and average yields relate to margin lending activities.

(2) Average balance, average yields, and interest income relates to corporate debt, non-US sovereign debt and US sovereign debt activities. 

(3) Average yields are computed by dividing interest income by the corresponding average monthly balances

 Interest income on margin loans to customers includes income accrued on off-balance sheet arrangements. The monthly average balance of these arrangements is not included in the table above. These off-balance sheet arrangements mainly included repurchase agreements of our brokerage customers. As of September 30, 2024, the monthly average balance of off-balance sheet arrangements was $688.8 million, with a weighted average interest rate