FREEDOM HOLDING CORP. (FRHC) FY2027 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

Swipe to see the full flow
FREEDOM HOLDING CORP. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net change in bank customer deposits → financing reconciliation: $475,222,000.00Proceeds from private placement → financing reconciliation: $300,000,000.00Net proceeds/(repayment) of securities repurchase agreement obligations → financing reconciliation: $233,380,000.00Proceeds from issuance of debt securities → financing reconciliation: $210,009,000.00Funds received under state program for financing of mortgage loans → financing reconciliation: $20,225,000.00financing reconciliation → Net cash from financing activities: $1,216,698,000.00financing reconciliation → Settlement and repurchase of mortgage loans under the State Program: $16,420,000.00financing reconciliation → Net (repayment)/proceeds from loans received: $5,718,000.00Proceeds from sale of available-for-sale securities, at fair value → investing reconciliation: $20,837,000.00Net change in loans issued to customers → investing reconciliation: $19,589,000.00Cash, cash equivalents and restricted cash received from acquisitions → investing reconciliation: $2,439,000.00investing reconciliation → Purchase of available-for-sale securities, at fair value: $132,730,000.00investing reconciliation → Purchase of held-to-maturity securities: $85,644,000.00investing reconciliation → Purchase of fixed assets: $79,140,000.00investing reconciliation → Purchase of intangible assets: $15,801,000.00investing reconciliation → Consideration paid for acquisitions: $4,875,000.00investing reconciliation → Capital contribution to investment in associate: $40,000.00Net cash used in operating activities → operating reconciliation: $341,624,000.00Net income → operating reconciliation: $31,660,000.00Margin lending, brokerage and other receivables (including $12,293 and $15,797 changes from related parties) → operating reconciliation: $745,444,000.00Change in insurance reserves → operating reconciliation: $112,536,000.00Other liabilities → operating reconciliation: $87,763,000.00Stock compensation expense → operating reconciliation: $23,235,000.00Current income tax liability → operating reconciliation: $18,935,000.00Allowance for expected credit losses → operating reconciliation: $17,659,000.00Depreciation and amortization → operating reconciliation: $9,879,000.00Non-cash lease expense → operating reconciliation: $6,240,000.00Amortization of deferred acquisition costs → operating reconciliation: $2,264,000.00Change in unused vacation reserves → operating reconciliation: $2,225,000.00Other non-cash expense/(income) → operating reconciliation: $710,000.00Revaluation of investment in associates → operating reconciliation: $123,000.00operating reconciliation → Trading securities: $548,723,000.00operating reconciliation → Brokerage customer liabilities (including $18,698 and $40,843 changes from related parties): $508,231,000.00operating reconciliation → Margin lending and trade payables (including $184 and $252 changes from related parties): $150,637,000.00operating reconciliation → Unrealized gain on trading securities: $54,499,000.00operating reconciliation → Net change in accrued interest: $54,143,000.00operating reconciliation → Other assets: $36,533,000.00operating reconciliation → Change in deferred taxes: $21,149,000.00operating reconciliation → Insurance contract assets: $15,172,000.00operating reconciliation → Lease liabilities: $6,135,000.00operating reconciliation → Liabilities from insurance activity: $3,313,000.00operating reconciliation → Unrealized (gain)/loss on derivatives: $1,524,000.00operating reconciliation → Net realized (gain)/loss on available-for-sale securities: $238,000.00Net cash used in investing activities → investing reconciliation: $275,365,000.00Exchange-rate effect → Cash sources and uses: $12,196,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,212,427,000.00Net cash from financing activities → Cash sources and uses: $1,216,698,000.00Cash sources and uses → Effect of expected credit losses on cash and cash equivalents and restricted cash: $86,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,824,246,000.00Cash sources and uses → Net cash used in investing activities: $275,365,000.00Cash sources and uses → Net cash used in operating activities: $341,624,000.00Net income: $31,660,000.00Net income+$31.66 MDepreciation and amortization: $9,879,000.00D&A and accretion+$9.88 MAmortization of deferred acquisition costs: $2,264,000.00Acquisition cost amortization+$2.26 MNon-cash lease expense: $6,240,000.00Non-cash lease expense+$6.24 MChange in deferred taxes: -$21,149,000.00Deferred tax balances−$21.15 MStock compensation expense: $23,235,000.00Stock-based compensation+$23.24 MUnrealized gain on trading securities: -$54,499,000.00Unrealized trading gain & loss−$54.50 MUnrealized (gain)/loss on derivatives: -$1,524,000.00Derivative value change−$1.52 MNet realized (gain)/loss on available-for-sale securities: -$238,000.00AFS securities gain & loss−$238.00 KNet change in accrued interest: -$54,143,000.00Accrued interest−$54.14 MGain from sale of Comrun LLP: $0.00Change in insurance reserves: $112,536,000.00Change in insurance reserves+$112.54 MRevaluation of investment in associates: $123,000.00Investment value change+$123.00 KChange in unused vacation reserves: $2,225,000.00Unused vacation reserves+$2.23 MAllowance for expected credit losses: $17,659,000.00Accounts receivable+$17.66 MTrading securities: -$548,723,000.00Trading securities, net−$548.72 MMargin lending, brokerage and other receivables (including $12,293 and $15,797 changes from related parties): $745,444,000.00Accounts & other receivables+$745.44 MInsurance contract assets: -$15,172,000.00Insurance contract assets−$15.17 MOther assets: -$36,533,000.00Other operating assets−$36.53 MBrokerage customer liabilities (including $18,698 and $40,843 changes from related parties): -$508,231,000.00Derivative balances, net−$508.23 MCurrent income tax liability: $18,935,000.00Accrued taxes+$18.94 MMargin lending and trade payables (including $184 and $252 changes from related parties): -$150,637,000.00Margin lending & trade payables−$150.64 MLease liabilities: -$6,135,000.00Lease liabilities−$6.14 MLiabilities from insurance activity: -$3,313,000.00Insurance liabilities−$3.31 MOther liabilities: $87,763,000.00Other current liabilities+$87.76 MOther non-cash expense/(income): $710,000.00Other non-cash items+$710.00 KNet cash used in operating activities: -$341,624,000.00. Cash required to fund net payments.Operating cash−$341.62 Moperating reconciliation: $1,400,297,000.00Net proceeds/(repayment) of securities repurchase agreement obligations: $233,380,000.00Repurchase agreements, net+$233.38 MProceeds from issuance of debt securities: $210,009,000.00Debt issued+$210.01 MNet change in bank customer deposits: $475,222,000.00Deposits, net+$475.22 MSettlement and repurchase of mortgage loans under the State Program: -$16,420,000.00State program loan repurchases−$16.42 MFunds received under state program for financing of mortgage loans: $20,225,000.00State program funds received+$20.23 MNet (repayment)/proceeds from loans received: -$5,718,000.00Loans received, net−$5.72 MProceeds from private placement: $300,000,000.00Private placement proceeds+$300.00 MNet cash from financing activities: $1,216,698,000.00Financing cash+$1.22 Bfinancing reconciliation: $1,238,836,000.00Purchase of fixed assets: -$79,140,000.00PP&E purchases−$79.14 MNet change in loans issued to customers: $19,589,000.00Customer loans issued, net+$19.59 MPurchase of available-for-sale securities, at fair value: -$132,730,000.00AFS securities purchases−$132.73 MProceeds from sale of available-for-sale securities, at fair value: $20,837,000.00AFS securities sales+$20.84 MPurchase of held-to-maturity securities: -$85,644,000.00HTM securities purchases−$85.64 MCapital contribution to investment in associate: -$40,000.00Equity-method investments made−$40.00 KCash, cash equivalents disposed from sale of subsidiaries: $0.00Consideration paid for acquisitions: -$4,875,000.00Business acquisitions, gross−$4.88 MCash, cash equivalents and restricted cash received from acquisitions: $2,439,000.00Cash acquired+$2.44 MPurchase of intangible assets: -$15,801,000.00Intangible asset purchases−$15.80 MNet cash used in investing activities: -$275,365,000.00. Cash required to fund net payments.Investing cash−$275.37 Minvesting reconciliation: $318,230,000.00Cash sources and uses: $3,441,321,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,212,427,000.00Beginning cash$2.21 BEnding cash: Cash, cash equivalents, and restricted cash: $2,824,246,000.00Ending cash$2.82 BExchange-rate effect: $12,196,000.00FX effect+$12.20 MEffect of expected credit losses on cash and cash equivalents and restricted cash: -$86,000.00Effect of expected creditlosses on cash and cashequivalents and…−$86.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$420.76 MOperating cash − cash spent on PP&ECash flow / Net income−10.79×Operating cash flow ÷ net incomeNet cash change+$611.82 MEnding cash − beginning cash
Chart details

FREEDOM HOLDING CORP. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
2,212,427,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 341,624,000 US dollars. Net cash used.
Net income
31,660,000 US dollars
Depreciation and amortization
9,879,000 US dollars
Amortization of deferred acquisition costs
2,264,000 US dollars
Non-cash lease expense
6,240,000 US dollars
Change in deferred taxes
negative 21,149,000 US dollars
Stock compensation expense
23,235,000 US dollars
Unrealized gain on trading securities
negative 54,499,000 US dollars
Unrealized (gain)/loss on derivatives
negative 1,524,000 US dollars
Net realized (gain)/loss on available-for-sale securities
negative 238,000 US dollars
Net change in accrued interest
negative 54,143,000 US dollars
Gain from sale of Comrun LLP
0 US dollars
Change in insurance reserves
112,536,000 US dollars
Revaluation of investment in associates
123,000 US dollars
Change in unused vacation reserves
2,225,000 US dollars
Allowance for expected credit losses
17,659,000 US dollars
Trading securities
negative 548,723,000 US dollars
Margin lending, brokerage and other receivables (including $12,293 and $15,797 changes from related parties)
745,444,000 US dollars
Insurance contract assets
negative 15,172,000 US dollars
Other assets
negative 36,533,000 US dollars
Brokerage customer liabilities (including $18,698 and $40,843 changes from related parties)
negative 508,231,000 US dollars
Current income tax liability
18,935,000 US dollars
Margin lending and trade payables (including $184 and $252 changes from related parties)
negative 150,637,000 US dollars
Lease liabilities
negative 6,135,000 US dollars
Liabilities from insurance activity
negative 3,313,000 US dollars
Other liabilities
87,763,000 US dollars
Other non-cash expense/(income)
710,000 US dollars
Investing activities
negative 275,365,000 US dollars. Net cash used.
Purchase of fixed assets
negative 79,140,000 US dollars
Net change in loans issued to customers
19,589,000 US dollars
Purchase of available-for-sale securities, at fair value
negative 132,730,000 US dollars
Proceeds from sale of available-for-sale securities, at fair value
20,837,000 US dollars
Purchase of held-to-maturity securities
negative 85,644,000 US dollars
Capital contribution to investment in associate
negative 40,000 US dollars
Cash, cash equivalents disposed from sale of subsidiaries
0 US dollars
Consideration paid for acquisitions
negative 4,875,000 US dollars
Cash, cash equivalents and restricted cash received from acquisitions
2,439,000 US dollars
Purchase of intangible assets
negative 15,801,000 US dollars
Financing activities
1,216,698,000 US dollars. Net cash provided.
Net proceeds/(repayment) of securities repurchase agreement obligations
233,380,000 US dollars
Proceeds from issuance of debt securities
210,009,000 US dollars
Net change in bank customer deposits
475,222,000 US dollars
Settlement and repurchase of mortgage loans under the State Program
negative 16,420,000 US dollars
Funds received under state program for financing of mortgage loans
20,225,000 US dollars
Net (repayment)/proceeds from loans received
negative 5,718,000 US dollars
Proceeds from private placement
300,000,000 US dollars
Operating adjustment reconciliation
1,400,297,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,238,836,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
318,230,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
12,196,000 US dollars
Effect of expected credit losses on cash and cash equivalents and restricted cash
negative 86,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
Ending cash on Jun 30, 2026
2,824,246,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,441,321,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
611,819,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−10.79×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 341,624,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
79,140,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 420,764,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 341,624,000 US dollars minus 79,140,000 US dollars equals negative 420,764,000 US dollars.
FREEDOM HOLDING CORP. (FRHC) FY2027 Q1 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!