Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET GAIN ON TRADING SECURITIES

NET GAIN ON TRADING SECURITIES

9 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

During the three and nine months ended December 31, 2022, and December 31, 2021, net gain on trading securities was comprised of:


	Three Months Ended December 31, 2022		Three Months Ended December 31, 2021
			(Restated)
Net unrealized gain/(loss) recognized during the reporting period on trading securities still held at the reporting date	$	73,257	$	(33,567)
Net (loss)/gain recognized during the period on trading securities sold during the period	(47,801)		41,230
Net gain recognized during the period on trading securities	$	25,456	$	7,663

	Nine Months Ended December 31, 2022		Nine Months Ended December 31, 2021
			(Restated)
Net unrealized gain recognized during the reporting period on trading securities still held at the reporting date	$	65,684	$	7,903
Net (loss)/gain recognized during the period on trading securities sold during the period	(26,790)		190,044
Net gain recognized during the period on trading securities	$	38,894	$	197,947

During the quarter ended December 31, 2022, the Company sold 5,350,000 SPBX shares. As a result of such sale, for the three months ended December 31, 2022, we recognized net loss on trading securities sold of $51,240, which included $52,072 of unrealized net loss recognized during previous periods that was reclassified to realized net loss during the quarter ended December 31, 2022.

During the quarter ended December 31, 2021, we exchanged approximately 1,000,000 shares of stock in the SPBX we held

in our proprietary trading account for units in the SPBX ETF. As a result, for the three months ended December 31, 2021, we recognized net gain on trading securities sold of $39,658, which included $36,079 of unrealized net gain recognized during previous periods that was reclassified to realized net gain during the quarter ended December 31, 2021.