Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 248

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 248
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 1,623,869 $ 441,094 $ 1,182,775 $ 787,232 According to the requirements of National Bank of Republic of Kazakhstan, the regulator of Freedom KZ and Freedom Life, capital is adjusted through subtraction of non-liquid assets. Consequently, net capital for regulatory purposes may be lower than retained earnings balances. For the purposes of capital requirements applicable to Freedom EU, which is regulated by The Cyprus Securities and Exchange Commission and Freedom Global regulated by Astana Financial Services Authority, current year profit is not included within net capital for regulatory purposes, as profits can only be included in net capital after a statutory audit is completed. The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2024 for each of our subsidiaries that are regulated entities that is material for our consolidated financial statements. Regulated activities Net Capital/ Eligible Equity Required Minimum capital/ solvency Excess regulatory capital Retained earnings (amounts in thousands) Freedom Bank KZ Banking $ 329,738 $ 196,594 $ 133,144 $ 193,376 Freedom EU Brokerage 269,424 10,868 258,556 319,484 Freedom KZ Brokerage 107,064 413 106,651 122,416 Freedom Life Life Insurance 50,757 12,395 38,362 57,085 Freedom Insurance Property and Casual Insurance 30,011 12,395 17,616 19,773 Freedom Global Brokerage 16,428 12,352 4,076 117,468 Freedom Armenia ("Freedom AR") Brokerage 7,317 763 6,554 6,447 Other regulated operating subsidiaries Other 8,533 155 8,378 (11,665) $ 819,272 $ 245,935 $ 573,337 $ 824,384 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) 173

NOTE 31 - SUBSEQUENT EVENTS The Company has performed an evaluation of subsequent events through the date of issuance of these financial statements. Other than as disclosed below, during this period the Company did not have any additional material recognizable subsequent events. On April 30, 2025, the Company completed the acquisition of