Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 229

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 229
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501,111 $ 208,947 Net interest income $ 328,558 $ 327,113 $ 85,748 Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 156

NOTE 21 - NET GAIN ON FOREIGN EXCHANGE OPERATIONS Net gain on foreign exchange operations includes: Year ended March 31, 2025 Year ended March 31, 2024 Year ended March 31, 2023 Sales and purchases of foreign currency, dealing $ 75,095 $ 67,490 $ 45,963 Translation of financial assets and financial liabilities (23,411) 4,755 6,191 Total net gain on foreign exchange operations $ 51,684 $ 72,245 $ 52,154 NOTE 22 - NET GAIN/(LOSS) ON DERIVATIVES For years ended March 31, 2025, 2024 and 2023 net gain/(loss) on derivatives included the following: Year ended March 31, 2025 Year ended March 31, 2024 Year ended March 31, 2023 Net realized gain/(loss) on derivatives $ 4,989 $ (100,785) $ (64,838) Net unrealized gain/(loss) on derivatives 7,415 (3,009) 12 Total net gain/(loss) on derivatives $ 12,404 $ (103,794) $ (64,826) Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 157

NOTE 23 - RELATED PARTY TRANSACTIONS Year ended March 31, 2025 Year ended March 31, 2024 Related party balances Total category as per financial statements captions Related party balances Total category as per financial statements captions ASSETS Cash and cash equivalents $ 2,233 $ 837,302 $ 203 $ 545,084 Companies controlled by management 2,233 203 Restricted cash $ 30 $ 807,468 $ — $ 462,637 Companies controlled by management 30 — Investment securities $ 1,174 $ 2,814,733 $ 1,326 $ 3,