Freedom Holding Corp.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $31.7M | $1.0M | $76.2M | $38.7M | $37.4M | $-151.1M | $78.3M | $114.7M |
| Depreciation & Amortization | $9.9M | $5.7M | $8.3M | $6.3M | $6.1M | $-572.0K | $4.6M | $3.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $23.2M | $14.1M | $15.4M | $15.5M | $23.1M | $23.5M | $13.4M | $12.1M |
| Net Cash from Operating Activities | $-341.6M | $-1.55B | $717.8M | $535.3M | $480.8M | $1.34B | $-72.8M | $-438.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $79.1M | $23.0M | $66.1M | $83.4M | $26.4M | $27.3M | $19.9M | $9.5M |
| Business Acquisitions | $4.9M | — | — | — | $10.1M | — | — | — |
| Net Cash from Investing Activities | $-275.4M | $-108.2M | $-256.4M | $-179.0M | $-505.5M | $-252.8M | $-429.2M | $-128.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.22B | $187.8M | $784.1M | $96.4M | $123.4M | $-835.2M | $463.3M | $124.8M |
| Net Change in Cash | $611.8M | $-1.30B | $1.56B | $279.3M | $24.1M | $324.7M | $-144.7M | $-433.4M |
| Free Cash Flow | $-420.8M | $-1.57B | $651.7M | $451.9M | $454.5M | $1.31B | $-92.7M | $-447.5M |