Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 62

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 and e-commerceComrun LLP ("ReKassa")Kazakhstan—Mobile and web applicationFreedom Telecom Holding Limited ("Freedom Telecom")Kazakhstan5TelecommunicationsFreedom Kazakhstan PC LtdKazakhstan9Holding company 

11

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)

Freedom Advertising LtdKazakhstan—AdvertisingFreedom Shapagat Corporate Fund Kazakhstan—Non-profitFRHC Fractional SPC LTD Kazakhstan—Issuance of debt securitiesFreedom Holding Operations LLPKazakhstan—Human resourcesFreedom Horizons LLPKazakhstan—Business consulting and servicesCLUB T LLP ("CLUB T")Kazakhstan—Restaurant and cafe operationsFreedom Finance Azerbaijan LLCAzerbaijan—Financial educational centerFreedom Finance FZE.UAE—ConsultingFreedom Management Ltd.UAE—ConsultingFreedom Finance Turkey LLCTurkey—Financial consultingFreedom Finance Technologies LtdCyprus—IT developmentFreedom Prime UK Limited ("Prime UK")UK—Management consultingFreedom Structured Products PLCCyprus—Financial servicesFFIN Securities, Inc. USA—DormantFreedom U.S. Market LLCUSA2Management companyLD Micro ("LD Micro")USA—Event platformFreedom US Technologies LLCUSA—Technology servicesTotal subsidiaries57Through its subsidiaries, the Company offers a diverse range of financial services, including banking, brokerage, and insurance, as well as lifestyle services such as online payments, travel, ticketing, e-commerce, and telecommunications and media businesses in Kazakhstan that are in a developmental stage. It operates as a professional participant in the financial markets, holding banking and insurance licenses, as well as licenses to provide various services across multiple stock exchanges, including the Kazakhstan Stock Exchange (KASE), the Astana International Exchange (AIX), the Republican Stock Exchange of Tashkent (UZSE), and the Uzbek Republican Currency Exchange (UZCE). Additionally, it is a member of the New York Stock Exchange (NYSE) and the Nasdaq Stock Exchange (Nasdaq). Freedom EU enhances the Company's offerings by providing clients with operational support and access to investment opportunities in the United States and European securities markets.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting principlesThe Group's accounting policies and accompanying consolidated financial statements conform to accounting principles generally accepted in the United States of America (U.S. GAAP).Basis of presentation and