Quarterly report [Sections 13 or 15(d)]

ACQUISITIONS OF SUBSIDIARIES

v3.25.2
ACQUISITIONS OF SUBSIDIARIES
 3 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS OF SUBSIDIARIES
Acquisition of Astel Group Ltd.
On April 30, 2025, the Company acquired 100% interest in Astel Group Ltd. Astel Group Ltd. is a provider of digital solutions and telecommunications services, and ranks among the largest telecom operators in Kazakhstan. Astel Group Ltd. provides advanced IT solutions including information security and cloud services.
The purpose of the acquisition of Astel Group Ltd. was to use the acquired assets and licenses to develop our telecommunications business.

At the reporting date, June 30, 2025, final valuation of Astel Group Ltd. was not completed. According to the preliminary results, as of April 30, 2025, the date of the acquisition of Astel Group Ltd., the fair value of net assets of Astel Group Ltd. was $20,604. The total purchase price was allocated as follows:
As of April 30, 2025
ASSETS
Cash and cash equivalents 7,678 
Fixed assets, net
 5,577 
Margin lending, brokerage and other receivables, net 5,487 
Current income tax asset
 575 
Intangible assets 314 
Other assets, net 3,320 
TOTAL ASSETS 22,951 
LIABILITIES
Margin lending and trade payables 828 
Other liabilities 1,519 
TOTAL LIABILITIES 2,347 
Net assets acquired 20,604 
Goodwill 1,740 
Total purchase price 22,344