Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT SECURITIES ISSUED (Tables)

v3.26.1
DEBT SECURITIES ISSUED (Tables)
12 Months Ended
Mar. 31, 2026
Debt Securities [Abstract]  
Schedule of outstanding debt securities of company
As of March 31, 2026 and 2025, outstanding debt securities of the Group included the following:
Debt securities issued by:
Principal Amount as of March 31, 2026
Principal Amount as of March 31, 2025
Interest rate Issue date Maturity date Denominated Currency
Freedom SPC bonds due 2028 $ 269,722  $ — 
9.5%
October, 2025 October, 2028
USD
Freedom SPC bonds due 2028 200,170  200,305 
1-2 years: 12%
3-5years: 10.39%
December, 2023 December, 2028
USD
Freedom SPC bonds due 2026 199,344  201,311 
10.5%
September, 2024 September, 2026
USD
Freedom SPC bonds due 2027 198,492  — 
10.0%
May, 2025 May, 2027
USD
Freedom SPC bonds due 2029 186,502  — 
9.0%
March, 2026 March, 2029
USD
Freedom SPC bonds due 2027 98,982  — 
8.0%
May, 2025 May, 2027
EUR
Freedom SPC bonds due 2026 65,057  64,801 
 5.5%
October, 2021 October, 2026
USD
Freedom SPC bonds due 2027 30,676  — 
9.0%
May, 2025 May, 2027
CNY
Accrued interest 12,175  3,134 
Total debt securities issued $ 1,261,120  $ 469,551 
Table below represents loans received by the Company as of March 31, 2026 and 2025:

Lender Issue date Amount Interest rate Maturity date Denominated currency
Development Bank of Kazakhstan JSC
September 2024 12,062  10.0  % April 2027 KZT
JSC "Agrarian Credit Corporation" January 2026 13,733  1.5  % March 2027 KZT
JSC "Agrarian Credit Corporation" December 2025 16,292  1.5  % December 2040 KZT
“Damu” Entrepreneurship Development May 2025 22,095  2.0  % May 2040 KZT
“Damu” Entrepreneurship Development August 2025 9,444  2.0  % May 2040 KZT
“Damu” Entrepreneurship Development May 2025 1,044  3.5  % December 2031 KZT
“Damu” Entrepreneurship Development October, 2025 11,784  2.0  % September 2035 KZT
“Damu” Entrepreneurship Development November, 2025 9,103  2.0  % September 2035 KZT
Other
October 2020
1,214 
20%, 38%
December 2028 KZT, TRY
Total loans received $ 96,771 

Lender Issue date Amount Interest rate Maturity date Denominated currency
Development Bank of Kazakhstan JSC
September 2024 $ 13,815  10.0  % April 2027 KZT
JSC "Agrarian Credit Corporation" March 2025 6,938  1.5  % February 2026 KZT
JSC "Agrarian Credit Corporation" December 2024 3,965  1.5  % February 2026 KZT
Other 142 
Total loans received $ 24,860