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