Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 202

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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 sovereign debt4.98 %43,173 43,173 — — Exchange traded notes1,348 1,045 303 — Total trading securities$3,688,620 $1,909,950 $1,758,228 $20,442 Corporate debt15.53 %$173,568 $47,135 $126,433 $— Non-U.S. sovereign debt10.48 %27,016 12,378 14,638 — U.S. sovereign debt3.54 %16,037 16,037 — — Total available-for-sale securities, at fair value$216,621 $75,550 $141,071 $— The tables below present the valuation techniques and significant Level 3 inputs used in the valuation as of December 31, 2024, and March 31, 2024. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to determination of fair value.TypeValuation TechniqueFV as of December 31, 2024Significant Unobservable Inputs%Corporate debtDCF$858 Discount rate74.0%Estimated number of years3 monthsCorporate equityDCF18,420 Discount rate21.5%Estimated number of years3 yearsTermination multiplier20xCorporate equityDCF122 Discount rate58.8%Estimated number of years9 yearsTotal$19,400 

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

TypeValuation TechniqueFV as of March 31, 2024Significant Unobservable Inputs%Corporate debtDCF$292 Discount rate74.0%Estimated number of years3 monthsCorporate equityDCF20,007 Discount rate13.0%Estimated number of years4 years, 6 monthsTermination multiplier27xCorporate equityDCF143 Discount rate58.8%Estimated number of years9 yearsTotal$20,442 The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended December 31, 2024, and the year ended March 31, 2024:Trading securitiesBalance as of March 31, 2023$5,138 Re