Freedom Holding Corp. Files Q2 2025 10-Q
Ticker: FRHC · Form: 10-Q · Filed: 2024-11-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, SEC filing
TL;DR
**FRHC files 10-Q for Q2 2025. Financials updated.**
AI Summary
Freedom Holding Corp. filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Nevada, operates in the security brokers, dealers & flotation companies sector. Its principal executive offices are located at 40 Wall Street, New York, NY.
Why It Matters
This filing provides investors with an update on Freedom Holding Corp.'s financial performance and operational status for the second quarter of fiscal year 2025.
Risk Assessment
Risk Level: medium — As a publicly traded company in the financial sector, Freedom Holding Corp. is subject to market volatility and regulatory scrutiny.
Key Numbers
- 20240930 — Period End Date (Financial reporting period)
- 20241108 — Filing Date (Date the report was submitted)
Key Players & Entities
- Freedom Holding Corp. (company) — Filer
- 0000924805 (company) — Central Index Key
- New York, NY (location) — Business Address
- 20240930 (date) — Period of Report
- 20241108 (date) — Filing Date
FAQ
What is the primary business of Freedom Holding Corp.?
Freedom Holding Corp. operates in the SECURITY BROKERS, DEALERS & FLOTATION COMPANIES sector.
Where is Freedom Holding Corp. headquartered?
Freedom Holding Corp.'s business address is 40 WALL STREET, 58TH FLOOR, NEW YORK, NY 10005.
For what period is this 10-Q filing?
This 10-Q filing is for the period of report ending September 30, 2024.
When was this 10-Q filed?
This 10-Q was filed on November 8, 2024.
What is the company's fiscal year end?
Freedom Holding Corp.'s fiscal year ends on March 31.
Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-08 06:10:46
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share FRHC The Nasdaq Capital Marke
- $0 — 2,417 shares of common stock, par value $0.001, issued and outstanding. FREEDOM
Filing Documents
- frhc-20240930.htm (10-Q) — 3699KB
- exhibit401freedomfinancesp.htm (EX-4.01) — 586KB
- exhibit402offertermsoftheu.htm (EX-4.02) — 132KB
- exhibit403guaranteeagreeme.htm (EX-4.03) — 38KB
- exhibit404offertermsoftheu.htm (EX-4.04) — 41KB
- exhibit405guaranteeagreeme.htm (EX-4.05) — 38KB
- exhibit1001restrictedstock.htm (EX-10.01) — 45KB
- exhibit1002restrictedstock.htm (EX-10.02) — 45KB
- exhibit1003supplementaryag.htm (EX-10.03) — 11KB
- exhibit3101frhc-20240930x.htm (EX-31.01) — 9KB
- exhibit3102frhc-20240930x1.htm (EX-31.02) — 9KB
- exhibit3201frhc-20240930x.htm (EX-32.01) — 6KB
- image.jpg (GRAPHIC) — 183KB
- 0000924805-24-000068.txt ( ) — 19476KB
- frhc-20240930.xsd (EX-101.SCH) — 116KB
- frhc-20240930_cal.xml (EX-101.CAL) — 123KB
- frhc-20240930_def.xml (EX-101.DEF) — 428KB
- frhc-20240930_lab.xml (EX-101.LAB) — 980KB
- frhc-20240930_pre.xml (EX-101.PRE) — 735KB
- frhc-20240930_htm.xml (XML) — 4267KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements 3 Condensed Consolidated Balance Sheets as of September 30, 2024, and March 31, 2024 3 Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income for the Three and Six Months Ended September 30, 2024 and 202 3 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2024 and 202 3 6 Condensed Consolidated Statements of Shareholders' Equity for the Three and Six Months Ended September 30, 2024 and 202 3 9 Notes to Condensed Consolidated Financial Statements 11 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 58 Item 3. Qualitative and Quantitative Disclosures About Market Risk 90 Item 4.
Controls and Procedures
Controls and Procedures 95
— OTHER INFORMATION
PART II — OTHER INFORMATION 96 Item 1.
Legal Proceedings
Legal Proceedings 96 Item 1A.
Risk Factors
Risk Factors 96 Item 5. Other Information 96 Item 6. Exhibits 96
Signatures
Signatures 97 2 Table of contents FREEDOM HOLDING CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (All amounts in thousands of United States dollars, unless otherwise stated) September 30, 2024 March 31, 2024 ASSETS Cash and cash equivalents (including $ 1,915 and $ 203 from related parties) $ 569,179 $ 545,084 Restricted cash (including $ 6,669 and $ — with related parties) 895,651 462,637 Trading securities (including $ 1,231 and $ 1,326 with related parties) 3,601,118 3,688,620 Available-for-sale securities, at fair value 284,580 216,621 Margin lending, brokerage and other receivables, net (including $ 162,066 and $ 22,039 due from related parties) 1,623,962 1,660,275 Loans issued (including $ 141,290 and $ 147,440 to related parties) 1,368,656 1,381,715 Fixed assets, net 142,446 83,002 Intangible assets, net 46,112 47,668 Goodwill 53,166 52,648 Right-of-use asset 37,028 36,324 Insurance contract assets 24,982 24,922 Other assets, net (including $ 14,914 and $ 5,257 with related parties) 169,375 102,414 TOTAL ASSETS $ 8,816,255 $ 8,301,930 LIABILITIES AND SHAREHOLDERS' EQUITY Securities repurchase agreement obligations $ 2,584,131 $ 2,756,596 Customer liabilities (including $ 191,607 and $ 44,127 to related parties) 3,329,133 2,273,830 Margin lending and trade payables 303,411 867,880 Liabilities from insurance activity 364,156 297,180 Current income tax liability 27,844 32,996 Debt securities issued 267,341 267,251 Lease liability 37,664 35,794 Liability arising from continuing involvement 506,091 521,885 Other liabilities (including $ 729 and $ 9,854 to related parties) 133,248 81,560 TOTAL LIABILITIES $ 7,553,019 $ 7,134,972 Commitments and Contingent Liabilities (Note 23) — — SHAREHOLDERS' EQUITY Preferred stock - $ 0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding — — Common stock - $ 0.001 par value; 500,000,000 shares authorized; 60,557,801 shares issued and outsta