Freedom Holding Corp.
For the period ended Dec 31, 2025. Filed Feb 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 9, 2026
FRHC$165.47-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of
FREEDOM HOLDING CORP.CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)
| December 31, 2025 | March 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $869,167 | $837,302 |
| Restricted cash (including $463,254 and $30 to related parties) | 2,643,375 | 807,468 |
| Investment securities | 3,129,439 | 2,814,733 |
| Margin lending, brokerage and other receivables, net | 3,010,625 | 3,319,145 |
| Loans issued (including $19,534 and $188,445 to related parties) | 1,982,543 | 1,595,435 |
| Fixed assets, net | 328,805 | 191,103 |
| Intangible assets, net | 65,856 | 54,186 |
| Goodwill | 49,453 | 49,093 |
| Right-of-use asset | 41,929 | 39,828 |
| Insurance contract assets | 28,011 | 37,183 |
| Other assets, net (including $37,559 and $18,080 with related parties) | 227,607 | 168,541 |
| TOTAL ASSETS | $12,376,810 | $9,914,017 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Securities repurchase agreement obligations | $1,055,274 | $1,418,443 |
| Customer liabilities | 6,815,396 | 4,304,999 |
| Margin lending and trade payables | 557,938 | 1,322,241 |
| Liabilities from insurance activity | 580,106 | 481,539 |
| Current income tax liability | 50,248 | 28,919 |
| Debt securities issued | 1,075,397 | 469,551 |
| Lease liability | 43,767 | 40,525 |
| Liability arising from continuing involvement | 520,397 | 503,705 |
| Other liabilities | 283,440 | 129,737 |
| TOTAL LIABILITIES | $10,981,963 | $8,699,659 |
| 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; 61,180,039 shares issued and outstanding as of December 31, 2025, and 60,993,949 shares issued and outstanding as of March 31, 2025, respectively | 61 | 61 |
| Additional paid in capital | 299,849 | 246,610 |
| Retained earnings | 1,230,917 | 1,085,565 |
| Accumulated other comprehensive loss | (135,980) | (117,995) |
| TOTAL FRHC SHAREHOLDERS’ EQUITY | $1,394,847 | $1,214,241 |
| Non-controlling interest | — | 117 |
| TOTAL SHAREHOLDERS’ EQUITY | $1,394,847 | $1,214,358 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $12,376,810 | $9,914,017 |
The accompanying notes are an integral part of these condensed consolidated financial statements
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