CASH AND CASH EQUIVALENTS

3 Months Ended

Jun. 30, 2025

Cash and Cash Equivalents [Abstract]

As of June 30, 2025, and March 31, 2025, cash and cash equivalents consisted of the following:


	June 30, 2025		March 31, 2025

Short term deposits in commercial banks	$	227,014	$	262,345
Short term deposits in National Bank (Kazakhstan)	155,987		311,065
Securities purchased under reverse repurchase agreements	64,890		81,118
Petty cash in bank vault and on hand	57,914		59,533
Short term deposits on brokerage accounts	27,739		20,567
Overnight deposits	9,809		81,962
Cash in transit	9,081		10,546
Short term deposits in National Bank (Tajikistan)	7,592		7,647
Short term deposits in stock exchanges	6,219		2,391
Short term deposits in the Central Depository (Kazakhstan)	1,984		510



Allowance for Cash and cash equivalents	(322)		(382)


Total cash and cash equivalents	$	567,907	$	837,302

As of June 30, 2025, and March 31, 2025, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of June 30, 2025, and March 31, 2025 are presented below:


	June 30, 2025
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		Total
Securities purchased under reverse repurchase agreements
Non-US sovereign debt	13.19	%	$	30,518	$	30,518
Corporate equity	12.66	%	27,036		27,036
Corporate debt	8.08	%	4,646		4,646
US sovereign debt	11.06	%	2,690		2,690
Total			$	64,890	$	64,890


	March 31, 2025
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		Total
Securities purchased under reverse repurchase agreements
Corporate equity	17.05	%	$	58,202	$	58,202
Corporate debt	13.27	%	16,644		16,644
Non-US sovereign debt	4.48	%	4,436		4,436
US sovereign debt	16.75	%	1,836		1,836
Total			$	81,118	$	81,118

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of June 30, 2025 and March 31, 2025, was $65,243 and $82,140, respectively.

As of June 30, 2025 and March 31, 2025, securities purchased under reverse repurchase agreements included accrued interest in the amount of $17 and $5, with a weighted average maturity of 1 day and 1 day, respectively. All securities repurchase agreements transactions were executed through the KASE.