Freedom Holding Corp. Files 10-Q for Q3 2025

TL;DR

Freedom Holding Corp. 10-Q filed. Financials for Q3 2025 period ending 12/31/24 out.

AI Summary

Freedom Holding Corp. filed its 10-Q for the period ending December 31, 2024. The company, previously known as BMB MUNAI INC and INTERUNION FINANCIAL CORP, is incorporated in Nevada and operates in the security brokers, dealers & flotation companies sector. Its fiscal year ends on March 31, and its headquarters are located at 40 Wall Street, New York, NY.

Why It Matters

This filing provides investors with a quarterly update on Freedom Holding Corp.'s financial performance and operational status, crucial for understanding the company's trajectory in the financial services sector.

Risk Assessment

Risk Level: medium — As a publicly traded company in the financial sector, Freedom Holding Corp. is subject to market volatility, regulatory changes, and economic downturns.

Key Numbers

• 20241231 — Period End Date (The 10-Q covers financial information up to this date.)
• 20250207 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 0331 — Fiscal Year End (Indicates the end of Freedom Holding Corp.'s fiscal year.)

Key Players & Entities

• Freedom Holding Corp. (company) — Filer of the 10-Q
• BMB MUNAI INC (company) — Former company name
• INTERUNION FINANCIAL CORP (company) — Former company name
• 0000924805 (company) — Central Index Key
• 40 Wall Street, 58th Floor, New York, NY 10005 (location) — Business and Mail Address

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share FRHC The Nasdaq Capital Marke
• $0 — 0,217 shares of common stock, par value $0.001, issued and outstanding. FREEDOM

Filing Documents

• frhc-20241231.htm (10-Q) — 3720KB
• exhibit1001frhc-20241231x.htm (EX-10.01) — 123KB
• exhibit1002frhc-20241231x.htm (EX-10.02) — 7KB
• exhibit1003frhc-20241231x.htm (EX-10.03) — 4KB
• exhibit1004frhc-20241231x.htm (EX-10.04) — 15KB
• exhibit1005frhc-20241231x.htm (EX-10.05) — 17KB
• exhibit1006frhc-20241231x.htm (EX-10.06) — 9KB
• exhibit3101frhc-20241231x.htm (EX-31.01) — 9KB
• exhibit3102frhc-20241231x.htm (EX-31.02) — 9KB
• exhibit3201frhc-20241231x.htm (EX-32.01) — 6KB
• 0000924805-25-000002.txt ( ) — 18432KB
• frhc-20241231.xsd (EX-101.SCH) — 115KB
• frhc-20241231_cal.xml (EX-101.CAL) — 119KB
• frhc-20241231_def.xml (EX-101.DEF) — 459KB
• frhc-20241231_lab.xml (EX-101.LAB) — 971KB
• frhc-20241231_pre.xml (EX-101.PRE) — 731KB
• frhc-20241231_htm.xml (XML) — 4299KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements 3 Condensed Consolidated Balance Sheets as of December 31, 2024, and March 31, 2024 3 Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income for the Three and Nine Months Ended December 31, 2024 and 202 3 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024 and 202 3 6 Condensed Consolidated Statements of Shareholders' Equity for the Three and Nine Months Ended December 31, 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 60 Item 3. Qualitative and Quantitative Disclosures About Market Risk 93 Item 4.

Controls and Procedures

Controls and Procedures 97

— OTHER INFORMATION

PART II — OTHER INFORMATION 98 Item 1.

Legal Proceedings

Legal Proceedings 98 Item 1A.

Risk Factors

Risk Factors 98 Item 5. Other Information 98 Item 6. Exhibits 98

Signatures

Signatures 99 2 Table of contents FREEDOM HOLDING CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (All amounts in thousands of United States dollars, unless otherwise stated) December 31, 2024 March 31, 2024 ASSETS Cash and cash equivalents (including $ 50 and $ 203 from related parties) $ 577,940 $ 545,084 Restricted cash (including $ 3,198 and $ — with related parties) 742,153 462,637 Trading securities (including $ 1,128 and $ 1,326 with related parties) 3,415,517 3,688,620 Available-for-sale securities, at fair value 418,614 216,621 Margin lending, brokerage and other receivables, net (including $ 22,391 and $ 22,039 due from related parties) 2,037,673 1,660,275 Loans issued (including $ 139,514 and $ 147,440 to related parties) 1,454,259 1,381,715 Fixed assets, net 159,384 83,002 Intangible assets, net 44,488 47,668 Goodwill 48,217 52,648 Right-of-use asset 39,242 36,324 Insurance contract assets 26,518 24,922 Other assets, net (including $ 16,294 and $ 5,257 with related parties) 171,040 102,414 TOTAL ASSETS $ 9,135,045 $ 8,301,930 LIABILITIES AND SHAREHOLDERS' EQUITY Securities repurchase agreement obligations $ 2,199,703 $ 2,756,596 Customer liabilities (including $ 51,017 and $ 44,127 to related parties) 3,783,291 2,273,830 Margin lending and trade payables 319,043 867,880 Liabilities from insurance activity 407,877 297,180 Current income tax liability 48,276 32,996 Debt securities issued 468,835 267,251 Lease liability 40,401 35,794 Liability arising from continuing involvement 472,867 521,885 Other liabilities (including $ 157 and $ 9,854 to related parties) 132,007 81,560 TOTAL LIABILITIES $ 7,872,300 $ 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; 60,619,217 shares issued and outstanding