Freedom Holding Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	869.17	837.3	545.98	581.42	225.46	168.02
Short-Term Investments	3,129	2,815	3,905	2,652	1,320	587.55
Cash & Short-Term Investments	3,999	3,652	4,451	3,233	1,545	755.56
Cash Growth	9.49%	-17.95%	37.68%	109.23%	104.51%	246.73%
Restricted Cash and Segregated Assets	2,643	807.47	462.64	445.53	547.95	490.69
Accounts Receivable	4,993	4,915	3,042	1,203	240.11	59.14
Total Current Assets	11,635	9,374	7,956	4,881	2,333	1,305
Net Property, Plant & Equipment	370.73	230.93	114.24	84.36	25.25	20.2
Other Intangible Assets	65.86	54.19	47.67	17.62	5.16	3.9
Goodwill	49.45	49.09	52.65	14.19	5.9	7.14
Other Long-Term Assets	255.62	205.72	132.34	87.25	860.77	763.69
Total Assets	12,377	9,914	8,302	5,085	3,230	2,100
Accounts Payable	557.94	1,322	877.88	122.9	45.08	22
Trading Liabilities	-	-	-	-	13.87	8.57
Short-Term Debt	1,055	1,418	2,757	1,517	840.22	378.09
Other Current Liabilities	7,966	5,319	3,126	2,553	1,721	1,363
Total Current Liabilities	9,579	8,060	6,760	4,193	2,620	1,771
Long-Term Debt	1,075	469.55	287.24	60.03	34.39	31.35
Long-Term Leases	43.77	40.53	37.79	30.32	7.5	4.81
Other Long-Term Liabilities	283.44	129.74	81.56	30.06	21.48	17.25
Total Long-Term Liabilities	1,403	639.81	406.6	120.41	63.37	53.41
Total Liabilities	10,982	8,700	7,135	4,314	2,684	1,825
Common Stock	0.06	0.06	0.06	0.06	0.06	0.06
Additional Paid-in Capital	299.85	246.61	183.79	164.16	174.75	104.67
Accumulated Other Comprehensive Income	-135.98	-118	-18.94	-34	-63.13	-36.05
Retained Earnings	1,231	1,086	998.74	647.06	441.92	208.62
Total Common Shareholders' Equity	1,395	1,214	1,164	777.29	553.6	277.3
Minority Interest	-	0.12	3.31	-6.55	-7	-1.64
Shareholders' Equity	1,395	1,214	1,167	770.74	546.61	275.66
Total Liabilities & Equity	12,377	9,914	8,302	5,085	3,230	2,100
Total Debt	2,174	1,929	3,082	1,608	882.12	414.25
Net Cash (Debt)	1,824	1,724	1,370	1,625	663.09	341.31
Net Cash Growth	5.84%	25.84%	-15.73%	145.11%	94.27%	205.44%
Net Cash Per Share	29.91	28.49	23.07	27.31	11.17	5.84
Book Value	1,395	1,214	1,164	777.29	553.6	277.3
Book Value Per Share	22.87	20.07	19.60	13.06	9.32	4.74
Tangible Book Value	1,280	1,111	1,063	745.48	542.54	266.26
Tangible Book Value Per Share	20.98	18.37	17.91	12.53	9.14	4.56

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.