Freedom Holding Corp.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Aug 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the
FREEDOM HOLDING CORPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)
| Three Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (Recasted) | ||
| Cash Flows From Operating Activities | ||
| Net income | $31,660 | $37,356 |
| Adjustments to reconcile net income from operating activities: | ||
| Depreciation and amortization | 9,879 | 6,114 |
| Amortization of deferred acquisition costs | 2,264 | 70,018 |
| Non-cash lease expense | 6,240 | 4,046 |
| Change in deferred taxes | (21,149) | (5,463) |
| Stock compensation expense | 23,235 | 23,054 |
| Unrealized gain on trading securities | (54,499) | (37,736) |
| Unrealized (gain)/loss on derivatives | (1,524) | 1,954 |
| Net realized (gain)/loss on available-for-sale securities | (238) | 174 |
| Net change in accrued interest | (54,143) | 19,796 |
| Gain from sale of Comrun LLP | — | (1,613) |
| Change in insurance reserves | 112,536 | 53,777 |
| Revaluation of investment in associates | 123 | 79 |
| Change in unused vacation reserves | 2,225 | 1,266 |
| Allowance for expected credit losses | 17,659 | 4,822 |
| Other non-cash expense/(income) | 710 | (85) |
| Changes in operating assets and liabilities: | ||
| Trading securities | (548,723) | 227,270 |
| Margin lending, brokerage and other receivables (including $12,293 and $15,797 changes from related parties) | 745,444 | 449,567 |
| Insurance contract assets | (15,172) | 6,653 |
| Other assets | (36,533) | (101,183) |
| Brokerage customer liabilities (including $18,698 and $40,843 changes from related parties) | (508,231) | 49,788 |
| Current income tax liability | 18,935 | 10,283 |
| Margin lending and trade payables (including $184 and $252 changes from related parties) | (150,637) | (352,399) |
| Lease liabilities | (6,135) | (3,850) |
| Liabilities from insurance activity | (3,313) | (5,191) |
| Other liabilities | 87,763 | 22,334 |
| Net cash flows (used in)/from operating activities | (341,624) | 480,831 |
| Cash Flows Used In Investing Activities | ||
| Purchase of fixed assets | (79,140) | (26,356) |
| Purchase of intangible assets | (15,801) | (4,431) |
| Net change in loans issued to customers | 19,589 | (205,794) |
| Purchase of available-for-sale securities, at fair value | (132,730) | (40,740) |
| Proceeds from sale of available-for-sale securities, at fair value | 20,837 | 13,525 |
| Purchase of held-to-maturity securities | (85,644) | (239,241) |
| Capital contribution to investment in associate | (40) | (20) |
| Cash, cash equivalents disposed from sale of subsidiaries | — | (55) |
| Consideration paid for acquisitions | (4,875) | (10,082) |
| Cash, cash equivalents and restricted cash received from acquisitions | 2,439 | 7,678 |
| Net cash flows used in investing activities | (275,365) | (505,516) |
FREEDOM HOLDING CORPCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated)
| Cash Flows From Financing Activities | ||
|---|---|---|
| Proceeds from private placement | 300,000 | — |
| Net proceeds/(repayment) of securities repurchase agreement obligations | 233,380 | (308,030) |
| Proceeds from issuance of debt securities | 210,009 | 199,204 |
| Net change in bank customer deposits | 475,222 | 196,178 |
| Settlement and repurchase of mortgage loans under the State Program | (16,420) | (12,952) |
| Funds received under state program for financing of mortgage loans | 20,225 | 16,223 |
| Net (repayment)/proceeds from loans received | (5,718) | 32,758 |
| Net cash flows from financing activities | 1,216,698 | 123,381 |
| Effect of changes in foreign exchange rates on cash and cash equivalents | 12,196 | (74,207) |
| Effect of expected credit losses on cash and cash equivalents and restricted cash | (86) | (393) |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 611,819 | 24,096 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 2,212,427 | 1,644,770 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $2,824,246 | $1,668,866 |
| For The Three Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $162,689 | $109,947 |
| Income tax paid | $11,606 | $8,767 |
| Supplemental non-cash disclosures: | ||
| Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net | $18,411 | $3,085 |
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows:
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| Cash and cash equivalents | $1,351,050 | $567,907 |
| Restricted cash | 1,473,196 | 1,100,959 |
| Total cash, cash equivalents and restricted cash shown as in the statement of cash flows | $2,824,246 | $1,668,866 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.