Freedom Holding Corp 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________ to _________ Commission File Number001-33034 FREEDOM HOLDING CORP. (Exact name of registrant as specified in its charter) Nevada 30-0233726(I.R.S. Employer (212) 980 4400(Registrant's telephone number, including area code) Securities registered under Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and"emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)Yes☐No As of February6, 2026, the registrant had 61,190,535 shares of common stock, par value $0.001, issued and outstanding. FREEDOM HOLDING CORP.FORM 10-QTABLE OF CONTENTS PagePART I — FINANCIAL INFORMATIONItem 1.Unaudited Condensed Consolidated Financial Statements3Condensed Consolidated Balance Sheets as ofDecember31, 2025, and March31, 20253Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income forthe Three Months and Nine Months EndedDecember31, 2025and 20244Condensed Consolidated Statements of Cash Flows for the Three Months and Nine Months EndedDecember31, 2025and 20246Condensed Consolidated Statements of Shareholders’ Equity for the Three Months and Nine MonthsEndedDecember31, 2025and 20249Notes to Condensed Consolidated Financial Statements11Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations70Item 3.Qualitative and Quantitative Disclosures About Market Risk106Item 4.Controls and Procedures110PART II — OTHER INFORMATION111Item 1.Legal Proceedings111Item 1A.Risk Factors111Item 5.Other Information111Item 6.Exhibits111Signatures112 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated) FREEDOM HOLDING CORP Table of contents FREEDOM HOLDING CORP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(All amounts in thousands of United States dollars, unless otherwise stated) The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Condensed ConsolidatedBalance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows: FREEDOM HOLDING CORP. FREEDOM HOLDING CORP. FREEDOM HOLDING CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated) NOTE 1 – DESCRIPTION OF BUSINESS Overview Freedom Holding Corp. (the "Company" or "FRHC" and, together with its subsidiaries, the "Group") is a corporation organized in the UnitedStates under the laws of the State of Nevada that through its operating subsidiaries provides securities brokerage, securities dealing forcustomers and for our own account, market making activities, investment research, investment counseling, retail and commercial banking,insurance products, payment services information, processing services and lifestyle services. The Company also owns several ancillarybusinesses, which complement its core financial services businesses, including telecommunications and media businesses in Kazakhstan thatare in a developmental stage. The Company is the holding company of subsidiaries incorporated in Kazakhstan, Cyprus, the United States(USA), the United Kingdom (UK), Armenia, the United Arab Emirates (UAE), Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, T