Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 180

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 180
---
(859)186 NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH$303,434 $457,109 

Net Cash Flows From Operating Activities

Net cash flow from operating activities during the six months ended September 30, 2025, was comprised of net change in operating assets and liabilities and net income adjusted for non-cash movements (changes in deferred taxes, unrealized gain on trading securities, net change in accrued interest, change in insurance reserves, and allowance for receivables). Net cash from operating activities resulted primarily from changes in operating assets and liabilities. Such changes included those set out in the following table.

Six Months EndedSeptember 30, 2025Six Months EndedSeptember 30, 2024(amounts in thousands)Decrease/increases in trading securities (1)$383,638 $(187,941)Increases in brokerage customer liabilities (2)$1,406,494 $916,550 (Increase)/decreases in margin lending, brokerage and other receivables (3)$(222,561)$3,584 Decrease in margin lending and trade payables (4)$(824,968)$(549,368)

______________

(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 increased volume of margin lending receivables.

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

Net cash flows from operating activities in the six months ended September 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

During the six months ended September 30, 2025, net cash used in investing activities was $684.6 million compared to net cash used in investing activities of $223.4 million during the six months ended September 30, 2024. During the six months ended September 30, 2025, cash used in investing activities was used for issuance of loans, net of repayment by customers, in the amount of $306.5 million, purchase of held-to-maturity securities in amount of $271.8 million, purchase of fixed assets