| Cash Flow | 2026-03-31 |
|---|---|
| Net income | 153,328 |
| Depreciation and amortization | 34,560 |
| Amortization of deferred acquisition costs | 127,641 |
| Noncash lease expense | 18,104 |
| Change in deferred taxes | 12,297 |
| Stock compensation expense | 68,047 |
| Unrealized loss/(gain) on trading securities | -5,139 |
| Unrealized (gain)/loss on derivatives | 13,894 |
| Net realized (gain)/loss on available-for-sale securities | 4,937 |
| Gain from sale of subsidiaries-Comrun LLP | 1,636 |
| Gain from sale of subsidiaries-ITSTech Limited | 0 |
| Revaluation of investments in associates | -1,044 |
| Net change in accrued interest | 35,172 |
| Loss on sale of fixed assets | -141 |
| Change in insurance reserves | -147,373 |
| Revaluation of purchase price previously held interest in arbuz | 0 |
| Change in unused vacation reserve | 9,635 |
| Allowances for expected credit losses | -52,365 |
| Other non-cash income/expense | 129 |
| Trading securities | -24,614 |
| Margin lending, brokerage and other receivables (including (19,041), 41,934, and (108,275) changes from related parties) | 1,203,073 |
| Insurance contract assets | 13,899 |
| Other assets | 175,350 |
| Brokerage customer liabilities (including 46,647, 48,161, and (325,904) changes from related parties) | -1,597,220 |
| Current income tax liability | 14,611 |
| Margin lending and trade payables (including (471), 1,789, and (39,371) changes from related parties) | 730,025 |
| Lease liabilities | 17,730 |
| Liabilities from insurance activity | -988 |
| Other liabilities | 70,185 |
| Net cash flows from/(used in) operating activities | 185,221 |
| Purchase of fixed assets | 198,766 |
| Purchase of intangible assets | 23,375 |
| Net change in loans issued to customers | 412,193 |
| Purchase of available-for-sale securities, at fair value | 452,062 |
| Proceeds from sale of available-for-sale securities, at fair value | 382,493 |
| Purchase of held-to-maturity securities | 324,311 |
| Consideration paid for acquisitions | 13,150 |
| Cash, cash equivalents and restricted cash received from acquisitions | 7,631 |
| Capital contribution to investment in associate | 100 |
| Cash received from sale of subsidiaries | 2,452 |
| Cash, cash equivalents disposed from sale of subsidiaries-Series Of Individually Immaterial Business Acquisitions | 55 |
| Prepayment on acquisitions | 17,719 |
| Refund of prepayment on acquisition | 0 |
| Cash, cash equivalents disposed from sale of subsidiaries-Freedom UA | 0 |
| Net cash flows used in investing activities | -1,049,155 |
| Net (repayment)/proceeds from securities repurchase agreement obligations | -431,540 |
| Proceeds from issuance of debt securities | 783,515 |
| Settlement and repurchase of mortgage loans under the state program | 60,031 |
| Funds received under state program for financing of mortgage loans | 64,712 |
| Net change in bank customer deposits | 770,449 |
| Purchase of non-controlling interest in arbuz | 0 |
| Net proceeds from loans received | 64,524 |
| Net cash flows (used in)/from financing activities | 1,191,629 |
| Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash | 241,143 |
| Effect of expected credit losses on cash and cash equivalents and restricted cash | -1,181 |
| Net change in cash, cash equivalents and restricted cash | 567,657 |
| Cash, cash equivalents and restricted cash, beginning of period from continuing operations | 1,644,770 |
| Cash, cash equivalents and restricted cash, end of period from continuing operations | 2,212,427 |
Freedom Holding Corp. (FRHC)
Freedom Holding Corp. (FRHC)