Freedom Holding Corp. (FRHC)

Freedom Holding Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	113.24	169.04	749.9	411.17	441.86	300.56
Depreciation & Amortization	171.56	241.32	74.22	18.7	14.82	5.26
Stock-Based Compensation	72.36	59.59	22.72	9.29	7.86	0.63
Other Adjustments	248.29	474.01	-39.59	-85.48	73.21	34.43
Changes in Trading Assets	601.3	827.16	-1,048	-1,019	-608.62	-466.59
Change in Receivables	-493.65	-1,744	-1,273	-253.3	-103.76	20.97
Changes in Trading Liabilities	-	-	-	-13.87	5.3	8.51
Changes in Accounts Payable	1,743	1,991	846.86	269.71	2.9	448.75
Changes in Income Taxes Payable	22.45	-4.09	28.43	-10.02	0.36	11.57
Changes in Other Operating Activities	-102.72	-248.71	-51.1	-36.59	-11.05	-9.65
Operating Cash Flow	2,366	3,362	-2,129	-1,903	-812.73	1,059
Operating Cash Flow Growth	142.51%	-	-	-	-	1710.68%
Capital Expenditures	-206.62	-95.33	-43.75	-38.54	-5.62	-1.52
Sale of Property, Plant & Equipment	-	-	-	-	-	0.02
Purchases of Investments	-863.04	-525.2	-229.91	-330.1	-248.74	-273.82
Proceeds from Sale of Investments	376.08	174.43	260.34	260.63	198.8	190.34
Payments for Business Acquisitions	-38.91	-37.9	-56.22	-78.32	-	-62.71
Proceeds from Business Divestments	11.3	4.09	2.46	67.85	-	157.38
Other Investing Activities	-566.08	-423.51	-570.24	-715.04	-86.38	-1.12
Investing Cash Flow	-1,282	-1,811	-1,276	-2,926	-292.65	12.69
Long-Term Debt Issued	750.11	201.66	206.34	45.95	13.2	6.93
Long-Term Debt Repaid	-	2.48	-2.52	-26.25	-9.99	-8.35
Net Long-Term Debt Issued (Repaid)	750.11	204.14	203.83	19.69	3.21	-1.42
Issuance of Common Stock	-	-	-	0.68	0.12	1.79
Repurchase of Common Stock	-	-	-3.23	-	-	-
Net Common Stock Issued (Repurchased)	-	-	-3.23	0.68	0.12	1.79
Other Financing Activities	-112.86	-205.72	1,467	2,084	575.99	391.58
Financing Cash Flow	817.89	-3.16	3,349	4,267	1,237	985.05
Effect of Exchange Rate Changes on Cash and Cash Equivalents	72.26	-137.04	12.19	78.19	-54.42	-6.13
Net Cash Flow	1,958	637.85	-19.22	-201.36	11.42	1,022
Free Cash Flow	2,160	3,267	-2,172	-1,942	-818.35	1,057
Free Cash Flow Growth	-33.89%	-	-	-	-	1876.66%
FCF Margin	98.49%	159.31%	-130.37%	-243.00%	-118.64%	304.79%
Free Cash Flow Per Share	35.42	54.00	-36.60	-32.63	-13.78	18.09
Levered Free Cash Flow	3,124	3,000	384.64	-591.65	-488.54	167.61
Unlevered Free Cash Flow	1,740	2,252	-178.95	-809.6	-374.06	82.77

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

SEC Filings: 10-K · 10-Q