v3.26.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Three months ended June 30, 2026
STATEMENT OF OPERATIONS
BrokerageBankingInsuranceOtherTotal
Fee and commission income$167,540 $(26,736)$— $15,930 $156,734 
Net gain/(loss) on trading securities1,082 77,227 (890)2,359 79,778 
Interest income114,524 150,660 26,644 3,278 295,106 
Net insurance revenue— — 124,175 — 124,175 
Net (loss)/gain on foreign exchange operations(1,576)15,463 96 (257)13,726 
Net (loss)/gain on derivative(273)7,812 — 2,314 9,853 
Sales of goods and services— — — 41,510 41,510 
Other income1,260 800 832 8,753 11,645 
TOTAL REVENUE, NET282,557 225,226 150,857 73,887 732,527 
Fee and commission expense17,799 8,387 2,388 2,715 31,289 
Interest expense9,819 130,091 2,032 35,621 177,563 
Insurance claims and policyholder benefits, net of reinsurance— — 131,582 — 131,582 
Payroll and bonuses56,114 39,011 10,566 47,436 153,127 
Professional services2,401 69 704 6,830 10,004 
Stock compensation expense3,511 2,126 14,798 2,800 23,235 
Advertising and sponsorship expense10,503 1,175 174 23,933 35,785 
General and administrative expense14,558 25,213 2,908 33,526 76,205 
Allowance for expected credit losses/(recoveries)349 13,256 3,577 477 17,659 
Cost of sales— — — 35,244 35,244 
TOTAL EXPENSE115,054 219,328 168,729 188,582 691,693 
INCOME/(LOSS) BEFORE INCOME TAX$167,503 $5,898 $(17,872)$(114,695)$40,834 
Income tax (expense)/benefit(33,857)(2,213)(1,324)28,220 (9,174)
NET INCOME/(LOSS)$133,646 $3,685 $(19,196)$(86,475)$31,660 
Three months ended June 30, 2025 (Recasted)
STATEMENTS OF OPERATIONS
BrokerageBankingInsuranceOtherTotal
Fee and commission income$105,825 $(8,825)$— $10,642 $107,642 
Net gain on trading securities7,063 29,665 4,096 4,778 45,602 
Interest income64,940 115,929 16,500 1,202 198,571 
Net insurance revenue— — 143,815 — 143,815 
Net (loss)/gain on foreign exchange operations(2,445)(13,850)(142)3,544 (12,893)
Net gain/(loss) on derivative50 16,900 — (1,491)15,459 
Sales of goods and services— — — 17,224 17,224 
Other income827 6,423 308 1,003 8,561 
TOTAL REVENUE, NET176,260 146,242 164,577 36,902 523,981 
Fee and commission expense10,787 5,603 65,517 2,447 84,354 
Interest expense16,082 79,237 2,629 15,462 113,410 
Insurance claims and policyholder benefits, net of reinsurance— — 64,996 — 64,996 
Payroll and bonuses34,193 19,241 7,535 31,536 92,505 
Professional services1,917 195 707 10,205 13,024 
Stock compensation expense6,213 3,070 10,451 3,320 23,054 
Advertising and sponsorship expense8,262 923 249 15,029 24,463 
General and administrative expense10,788 12,316 2,074 16,797 41,975 
(Recoveries)/allowance for expected credit losses(2,323)5,624 1,185 336 4,822 
Cost of sales— — — 13,903 13,903 
TOTAL EXPENSE85,919 126,209 155,343 109,035 476,506 
INCOME/(LOSS) BEFORE INCOME TAX$90,341 $20,033 $9,234 $(72,133)$47,475 
Income tax (expense)/benefit(15,993)(2,662)(4,118)12,654 (10,119)
NET INCOME/(LOSS)$74,348 $17,371 $5,116 $(59,479)$37,356 

The following tables summarize the Company's total assets and total liabilities by its business segments as of the dates presented. Intercompany balances have been eliminated for separate disclosure.

June 30, 2026
BrokerageBankingInsuranceOtherTotal
Total assets$5,690,092 $6,026,079 $1,049,192 $1,281,521 $14,046,883 
Total liabilities4,212,191 5,391,703 847,328 2,060,385 12,511,607 
Net assets$1,477,901 $634,376 $201,864 $(778,864)$1,535,276 
March 31, 2026
BrokerageBankingInsuranceOtherTotal
Total assets$6,136,241 $5,359,812 $892,186 $767,000 $13,155,239 
Total liabilities4,763,038 4,727,241 680,071 1,495,610 11,665,960 
Net assets$1,373,203 $632,571 $212,115 $(728,610)$1,489,279 

The following table presents revenues for the three months ended June 30, 2026 and 2025, and long-lived assets as of June 30, 2026 and March 31, 2026, classified by the major geographic areas based on subsidiaries' location.
Three months ended June 30, 2026
RevenueBrokerageBankingInsuranceOtherTotal
Kazakhstan$173,053 $225,132 $150,857 $63,109 $612,151 
Armenia65,162 — — — 65,162 
Cyprus40,824 — — 7,072 47,896 
US1,766 — — 572 2,338 
Other1,752 94 — 3,134 4,980 
TOTAL REVENUE, NET$282,557 $225,226 $150,857 $73,887 $732,527 
Three months ended June 30, 2025 (Recasted)
RevenueBrokerageBankingInsuranceOtherTotal
Kazakhstan$113,435 $146,158 $164,577 $27,954 $452,124 
Armenia43,661 — — — 43,661 
Cyprus17,265 — — 3,191 20,456 
US909 — — 4,872 5,781 
Other990 84 — 885 1,959 
TOTAL REVENUE, NET$176,260 $146,242 $164,577 $36,902 $523,981 

June 30, 2026
Long-lived assetsBrokerageBankingInsuranceOtherTotal
Fixed assets, net$24,128 $90,474 $7,212 $250,166 $371,980 
Right-of-use assets21,556 7,225 2,001 30,656 61,438 
TOTAL LONG-LIVED ASSETS$45,684 $97,699 $9,213 $280,822 $433,418 
Kazakhstan16,094 95,219 9,213 238,445 358,971 
Cyprus11,600 — — 29,233 40,833 
US3,475 — — 9,472 12,947 
Armenia7,670 — — — 7,670 
Other6,845 2,480 — 3,672 12,997 
TOTAL LONG-LIVED ASSETS$45,684 $97,699 $9,213 $280,822 $433,418 
March 31, 2026
Long-lived assetsBrokerageBankingInsuranceOtherTotal
Fixed assets, net$23,049 $89,083 $7,040 $239,224 $358,396 
Right-of-use assets21,065 7,986 1,934 16,594 47,579 
TOTAL LONG-LIVED ASSETS$44,114 $97,069 $8,974 $255,818 $405,975 
Kazakhstan15,124 95,288 8,974 219,533 338,919 
Cyprus12,371 — — 27,541 39,912 
US3,640 — — 5,782 9,422 
Armenia5,571 — — — 5,571 
Other7,408 1,781 — 2,962 12,151 
TOTAL LONG-LIVED ASSETS$44,114 $97,069 $8,974 $255,818 $405,975