Quarterly report [Sections 13 or 15(d)]

LOAN ISSUED (Tables)

v3.25.2
LOAN ISSUED (Tables)
 3 Months Ended
Jun. 30, 2025
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of June 30, 2025, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 963,868  July 2025 - May 2051 11.8% $ 963,785  KZT
Uncollateralized bank customer loans 258,661   July 2025 - June 2045 29.0% —  KZT
Right of claim for purchased retail loans 226,357   July 2025 - May 2031 15.0% 226,357  KZT
Collateralized bank customer loans 223,697   July 2025 - June 2045 17.6% 209,654  KZT
Car loans 147,058   July 2025 - June 2032 24.3% 145,557  KZT
Other 10,934   July 2025 - May 2030
3.0%/18.0%/ 18.3%
 — 
 USD /KZT/ EUR
Allowance for loans issued (81,173)
Total loans issued $ 1,749,402 
Loans issued as of March 31, 2025, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 924,530  April 2025 - March 2050 11.4% $ 924,386  KZT
Uncollateralized bank customer loans 249,448  April 2025 - March 2045 28.1% —  KZT
Right of claim for purchased retail loans 183,635  April 2025 - March 2030 15.0% 183,635  KZT
Car loans 156,340  April 2025 - April 2032 24.2% 155,320  KZT
Collateralized bank customer loans 148,759  April 2025 - July 2043 19.6% 128,543  KZT
Other 7,838  April 2025 - September 2029
18.0%/12.70%/3.00%
 29 
KZT/EUR/USD
Allowance for loans issued (75,115)
Total loans issued $ 1,595,435 
Financing Receivable Credit Quality Indicators
The table below presents the Group's loan portfolio by credit quality classification and origination year as of June 30, 2025. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Fiscal Year
2026 2025 2024 2023 2022 Prior Revolving loans Total
Mortgage loans $ 90,315  $ 317,130  $ 175,752  $ 352,078  $ 28,593  $ —  $ —  $ 963,868 
that are not credit impaired 90,279  315,205  173,268  349,270  28,149  —  —  956,171 
with significant increase in credit risk 36  1,587  1,272  1,438  205  —  —  4,538 
that are credit impaired —  338  1,212  1,370  239  —  —  3,159 
Uncollateralized bank customer loans 65,097  69,533  107,347  16,684  —  —  —  258,661 
that are not credit impaired 64,917  65,393  86,494  12,910  —  —  —  229,714 
with significant increase in credit risk 180  1,537  3,993  610  —  —  —  6,320 
that are credit impaired —  2,603  16,860  3,164  —  —  —  22,627 
Right of claim for purchased retail loans 89,089  114,383  21,808  1,072  5  —  —  226,357 
that are not credit impaired 89,089  114,383  21,808  1,072  5  —  —  226,357 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Collateralized bank customer loans 103,341  114,206  6,065  85  —  —  —  223,697 
that are not credit impaired 103,341  113,606  5,694  85  —  —  —  222,726 
with significant increase in credit risk —  228  223  —  —  —  —  451 
that are credit impaired —  372  148  —  —  —  —  520 
Car loans 12,023  5,188  100,931  28,916  —  —  —  147,058 
that are not credit impaired 12,023  5,173  94,995  21,462  —  —  —  133,653 
with significant increase in credit risk —  15  1,283  608  —  —  —  1,906 
that are credit impaired —  —  4,653  6,846  —  —  —  11,499 
Other 170  254  1,216  6,361  43  2,890  —  10,934 
that are not credit impaired 170  254  1,207  6,361  43  —  —  8,035 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  9  —  —  2,890  —  2,899 
Total $ 360,035  $ 620,694  $ 413,119  $ 405,196  $ 28,641  $ 2,890  $ —  $ 1,830,575 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2025.
Term Loans by Origination Fiscal Year
2025 2024 2023 2022 2021 Prior Revolving loans Total
Mortgage loans $ 336,535  $ 186,816  $ 370,588  $ 30,591  $ —  $ —  $ —  $ 924,530 
that are not credit impaired 336,051  184,610  367,918  29,876  —  —  —  918,455 
with significant increase in credit risk 410  1,361  1,402  340  —  —  —  3,513 
that are credit impaired 74  845  1,268  375  —  —  —  2,562 
Uncollateralized bank customer loans 110,094  120,583  18,771  —  —  —  —  249,448 
that are not credit impaired 108,045  103,320  15,590  —  —  —  —  226,955 
with significant increase in credit risk 1,011  3,557  663  —  —  —  —  5,231 
that are credit impaired 1,038  13,706  2,518  —  —  —  —  17,262 
Right of claim for purchased retail loans 151,237  30,702  1,688  8  —  —  —  183,635 
that are not credit impaired 151,237  30,702  1,688  8  —  —  —  183,635 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Car loans 5,974  116,459  33,907  —  —  —  —  156,340 
that are not credit impaired 5,974  110,871  26,014  —  —  —  —  142,859 
with significant increase in credit risk —  1,603  836  —  —  —  —  2,439 
that are credit impaired —  3,985  7,057  —  —  —  —  11,042 
Collateralized bank customer loans 140,835  7,788  136  —  —  —  —  148,759 
that are not credit impaired 138,761  7,498  136  —  —  —  —  146,395 
with significant increase in credit risk 2,020  73  —  —  —  —  —  2,093 
that are credit impaired 54  217  —  —  —  —  —  271 
Other 232  1,237  6,323  46  —  —  —  7,838 
that are not credit impaired 232  1,229  6,323  46  —  —  —  7,830 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  8  —  —  —  —  —  8 
Total $ 744,907  $ 463,585  $ 431,413  $ 30,645  $ —  $ —  $ —  $ 1,670,550 
Financing Receivable, Past Due
Aging analysis of past due loans as of June 30, 2025 and March 31, 2025, is as follows:
June 30, 2025
Loans 30-59 Days past due Loans 60-89 days past due Loans 90 days or more past due and still accruing Current loans Total
Mortgage loans $ 2,998  $ 1,540  $ 3,159  $ 956,171  $ 963,868 
Uncollateralized bank customer loans 3,227  3,093  22,627  229,714  258,661 
Right of claim for purchased retail loans —  —  —  226,357  226,357 
Collateralized bank customer loans 215  236  520  222,726  223,697 
Car loans 1,050  856  11,499  133,653  147,058 
Other —  —  9  10,925  10,934 
Total $ 7,490  $ 5,725  $ 37,814  $ 1,779,546  $ 1,830,575 
March 31, 2025
Loans 30-59 Days past due Loans 60-89 days past due Loans 90 days or more past due and still accruing Current loans Total
Mortgage loans $ 2,835  $ 678  $ 2,562  $ 918,455  $ 924,530 
Uncollateralized bank customer loans 3,132  2,099  17,262  226,955  249,448 
Right of claim for purchased retail loans —  —  —  183,635  183,635 
Car loans 1,548  892  11,041  142,859  156,340 
Collateralized bank customer loans 957  1,135  271  146,396  148,759 
Other —  —  8  7,830  7,838 
Total $ 8,472  $ 4,804  $ 31,144  $ 1,626,130  $ 1,670,550 
Financing Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses for the three months ended June 30, 2025 and 2024 is summarized in the following tables.
Allowance for credit losses
Mortgage loan Uncollateralized bank customer loans Collateralized bank customer loans Car loans Right of claim for purchased retail loans Other Total
March 31, 2025
 $ (10,699) $ (35,479) $ (3,114) $ (8,465) $ (17,333) $ (25) $ (75,115)
Charges (2,027) (10,143) (907) (1,055) (8,239) (2,925) (25,296)
Recoveries 3,571  3,871  1,473  1,145  6,895  —  16,955 
Write off 3  —  —  —  —  24  27 
Forex 296  1,106  85  247  522  —  2,256 
June 30, 2025
 $ (8,856) $ (40,645) $ (2,463) $ (8,128) $ (18,155) $ (2,926) $ (81,173)
Allowance for credit losses
Mortgage loan Uncollateralized bank customer loans Collateralized bank customer loans Car loans Right of claim for purchased retail loans Other Total
March 31, 2024 $ (3,033) $ (19,636) $ (80) $ (14,262) $ (6,577) $ (31) $ (43,619)
Charges (728) (6,389) (116) (1,526) (1,490) (6) (10,255)
Recoveries 295  3,733  20  3,938  3,473  11,459 
Write off —  —  4  109  —  —  113 
Forex 180  1,160  9  621  246  2,216 
June 30, 2024 $ (3,286) $ (21,132) $ (163) $ (11,120) $ (4,348) $ (37) $ (40,086)