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LOAN ISSUED (Tables) | 6 Months Ended
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Sep. 30, 2025
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loans issued as of September 30, 2025, consisted of the following:
| Amount Outstanding |  | Due Dates |  | Average Interest Rate |  | Fair Value of Collateral |  | Loan Currency
Mortgage loans | $ | 961,474 |  |  | October 2025 - May 2051 |  | 12.0% |  | $ | 961,381 |  |  | KZT
Corporate loans | 243,036 |  |  | October 2025 - September 2035 |  | 17.1% |  | 185,550 |  |  | KZT
Right of claim for purchased retail loans | 234,754 |  |  | October 2025 - May 2031 |  | 15.0% |  | 234,754 |  |  | KZT
Loans to SME | 226,714 |  |  | October 2025 - June 2032 |  | 29.5% |  | 30,484 |  |  | KZT
Car loans | 147,884 |  |  | October 2025 - September 2032 |  | 24.2% |  | 145,926 |  |  | KZT
Retail loans | 9,652 |  |  | October 2025 - July 2045 |  | 29.4% |  | 1,154 |  |  | KZT
Other | 9,066 |  |  | October 2025 - May 2030 |  | 3.0%/ 18.0% |  | 15 |  |  | USD/KZT//EUR
Allowance for loans issued | (82,005) |  |  |  |  |  |  |  |  |
Total loans issued | $ | 1,750,575 |  |  |  |  |  |  |  |  |
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
Loans to SME | 244,217 |  |  | April 2025 - February 2032 |  | 28.6% |  | 35,141 |  |  | 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
Corporate loans | 149,143 |  |  | April 2025 - December 2031 |  | 19.1% |  | 92,739 |  |  | KZT
Retail loans | 4,847 |  |  | September 2025 - March 2045 |  | 21.2% |  | 663 |  |  | 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 |  |  |  |  |  |  |  |  |
Schedule of Financing Receivable Credit Quality Indicators | The table below presents the Group's loan portfolio by credit quality classification and origination year as of September 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 | $ | 161,750 |  |  | $ | 288,978 |  |  | $ | 160,218 |  |  | $ | 324,647 |  |  | $ | 25,881 |  |  | $ | — |  |  | $ | — |  |  | $ | 961,474 |
that are not credit impaired | 161,413 |  |  | 286,687 |  |  | 157,380 |  |  | 322,008 |  |  | 25,579 |  |  | — |  |  | — |  |  | 953,067 |
with significant increase in credit risk | 301 |  |  | 1,165 |  |  | 1,547 |  |  | 1,174 |  |  | 232 |  |  | — |  |  | — |  |  | 4,419 |
that are credit impaired | 36 |  |  | 1,126 |  |  | 1,291 |  |  | 1,465 |  |  | 70 |  |  | — |  |  | — |  |  | 3,988 |
Loans to SME | 44,384 |  |  | 71,826 |  |  | 96,093 |  |  | 14,411 |  |  | — |  |  | — |  |  | — |  |  | 226,714 |
that are not credit impaired | 43,347 |  |  | 65,538 |  |  | 74,036 |  |  | 10,558 |  |  | — |  |  | — |  |  | — |  |  | 193,479 |
with significant increase in credit risk | 670 |  |  | 1,502 |  |  | 3,026 |  |  | 441 |  |  | — |  |  | — |  |  | — |  |  | 5,639 |
that are credit impaired | 367 |  |  | 4,786 |  |  | 19,031 |  |  | 3,412 |  |  | — |  |  | — |  |  | — |  |  | 27,596 |
Right of claim for purchased retail loans | 133,129 |  |  | 86,820 |  |  | 14,174 |  |  | 628 |  |  | 3 |  |  | — |  |  | — |  |  | 234,754 |
that are not credit impaired | 133,129 |  |  | 86,820 |  |  | 14,174 |  |  | 628 |  |  | 3 |  |  | — |  |  | — |  |  | 234,754 |
Corporate loans | 178,193 |  |  | 64,748 |  |  | 95 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 243,036 |
that are not credit impaired | 177,836 |  | — |  | 64,345 |  | — |  | 95 |  | — |  | — |  |  | — |  |  | — |  |  | — |  |  | 242,276 |
with significant increase in credit risk | 292 |  |  | 113 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 405 |
that are credit impaired | 65 |  |  | 290 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 355 |
Car loans | 34,763 |  |  | 4,369 |  |  | 84,849 |  |  | 23,903 |  |  | — |  |  | — |  |  | — |  |  | 147,884 |
that are not credit impaired | 34,680 |  |  | 4,339 |  |  | 79,140 |  |  | 17,068 |  |  | — |  |  | — |  |  | — |  |  | 135,227 |
with significant increase in credit risk | 83 |  |  | 30 |  |  | 1,094 |  |  | 532 |  |  | — |  |  | — |  |  | — |  |  | 1,739 |
that are credit impaired | — |  |  | — |  |  | 4,615 |  |  | 6,303 |  |  | — |  |  | — |  |  | — |  |  | 10,918 |
Retail loans | 5,650 |  |  | 3,055 |  |  | 883 |  |  | 64 |  |  | — |  |  | — |  |  | — |  |  | 9,652 |
that are not credit impaired | 5,477 |  |  | 2,801 |  |  | 715 |  |  | 62 |  |  | — |  |  | — |  |  | — |  |  | 9,055 |
with significant increase in credit risk | 159 |  |  | 96 |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 271 |
that are credit impaired | 14 |  |  | 158 |  |  | 152 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 326 |
Other | 162 |  |  | 310 |  |  | 2,169 |  |  | 6,388 |  |  | 37 |  |  | — |  |  | — |  |  | 9,066 |
that are not credit impaired | 162 |  |  | 310 |  |  | 2,162 |  |  | 6,388 |  |  | 37 |  |  | — |  |  | — |  |  | 9,059 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |
Total | $ | 558,031 |  |  | $ | 520,106 |  |  | $ | 358,481 |  |  | $ | 370,041 |  |  | $ | 25,921 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,832,580 |
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 |
Loans to SME | 98,556 |  |  | 126,835 |  |  | 18,826 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 244,217 |
that are not credit impaired | 96,338 |  |  | 109,461 |  |  | 15,647 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 221,446 |
with significant increase in credit risk | 1,185 |  |  | 3,612 |  |  | 663 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,460 |
that are credit impaired | 1,033 |  |  | 13,762 |  |  | 2,516 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,311 |
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 |  |  | 837 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,440 |
that are credit impaired | — |  |  | 3,985 |  |  | 7,056 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,041 |
Corporate loans | 148,599 |  |  | 470 |  |  | 74 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 149,143 |
that are not credit impaired | 146,785 |  |  | 470 |  |  | 74 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 147,329 |
with significant increase in credit risk | 1,813 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,813 |
that are credit impaired | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Retail loans | 3,774 |  |  | 1,066 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,847 |
that are not credit impaired | 3,682 |  |  | 887 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,574 |
with significant increase in credit risk | 34 |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 52 |
that are credit impaired | 58 |  |  | 161 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 221 |
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 |
Schedule of Financing Receivable, Past Due | Aging analysis of past due loans as of September 30, 2025 and March 31, 2025, is as follows:
| September 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 | $ | 2,787 |  |  | $ | 1,632 |  |  | $ | 3,988 |  |  | $ | 953,067 |  |  | $ | 961,474 |
Loans to SME | 2,911 |  |  | 2,728 |  |  | 27,596 |  |  | 193,479 |  |  | 226,714 |
Right of claim for purchased retail loans | — |  |  | — |  |  | — |  |  | 234,754 |  |  | 234,754 |
Corporate loans | 312 |  |  | 93 |  |  | 355 |  |  | 242,276 |  |  | 243,036 |
Car loans | 1,007 |  |  | 732 |  |  | 10,918 |  |  | 135,227 |  |  | 147,884 |
Retail loans | 207 |  |  | 64 |  |  | 326 |  |  | 9,055 |  |  | 9,652 |
Other | — |  |  | — |  |  | 8 |  |  | 9,058 |  |  | 9,066 |
Total | $ | 7,224 |  |  | $ | 5,249 |  |  | $ | 43,191 |  |  | $ | 1,776,916 |  |  | $ | 1,832,580 |
| 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 |
Loans to SME | 3,325 |  |  | 2,135 |  |  | 17,311 |  |  | 221,446 |  |  | 244,217 |
Right of claim for purchased retail loans | — |  |  | — |  |  | — |  |  | 183,635 |  |  | 183,635 |
Car loans | 1,548 |  |  | 892 |  |  | 11,041 |  |  | 142,859 |  |  | 156,340 |
Corporate loans | 730 |  |  | 1,083 |  |  | 1 |  |  | 147,329 |  |  | 149,143 |
Retail loans | 36 |  |  | 16 |  |  | 221 |  |  | 4,574 |  |  | 4,847 |
Other | — |  |  | — |  |  | 8 |  |  | 7,830 |  |  | 7,838 |
Total | $ | 8,474 |  |  | $ | 4,804 |  |  | $ | 31,144 |  |  | $ | 1,626,128 |  |  | $ | 1,670,550 |
Schedule of Financing Receivable, Allowance for Credit Loss | The activity in the allowance for credit losses for the six months ended September 30, 2025 and 2024 is summarized in the following tables.
| Allowance for credit losses
| Mortgage loan |  | Loans to SME |  | Corporate loans |  | Retail loans |  | Car loans |  | Right of claim for purchased retail loans |  | Other |  | Total
March 31, 2025 | (10,698) |  |  | (35,194) |  |  | (2,640) |  |  | (760) |  |  | (8,466) |  |  | (17,332) |  |  | (25) |  |  | $ | (75,115) |
Charges | (2,457) |  |  | (17,376) |  |  | (2,077) |  |  | (1,049) |  |  | (2,643) |  |  | (19,555) |  |  | (5) |  |  | (45,162) |
Recoveries | 10,033 |  |  | 5,427 |  |  | 2,705 |  |  | 225 |  |  | 1,976 |  |  | 11,214 |  |  | — |  |  | 31,580 |
Write off | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |
Forex | 542 |  |  | 3,377 |  |  | 187 |  |  | 97 |  |  | 717 |  |  | 1,769 |  |  | — |  |  | 6,689 |
September 30, 2025 | $ | (2,577) |  |  | $ | (43,766) |  |  | $ | (1,825) |  |  | $ | (1,487) |  |  | $ | (8,416) |  |  | $ | (23,904) |  |  | $ | (30) |  |  | $ | (82,005) |
| Allowance for credit losses
| Mortgage loan |  | Loans to SME |  | Corporate loans |  | Retail loans |  | Car loans |  | Right of claim for purchased retail loans |  | Other |  | Total
March 31, 2024 | (3,034) |  |  | (19,558) |  |  | (10) |  |  | (150) |  |  | (14,260) |  |  | (6,575) |  |  | (31) |  |  | $ | (43,618) |
Charges | (1,942) |  |  | (14,386) |  |  | (225) |  |  | (244) |  |  | (2,687) |  |  | (4,432) |  |  | (27) |  |  | (23,943) |
Recoveries | 780 |  |  | 4,525 |  |  | 17 |  |  | 47 |  |  | 5,193 |  |  | 4,534 |  |  | — |  |  | 15,096 |
Write off | — |  |  | 43 |  |  | — |  |  | 4 |  |  | 260 |  |  | — |  |  | 30 |  |  | 337 |
Forex | 261 |  |  | 1,768 |  |  | 9 |  |  | 18 |  |  | 916 |  |  | 466 |  |  | — |  |  | 3,438 |
September 30, 2024 | $ | (3,935) |  |  | $ | (27,608) |  |  | $ | (209) |  |  | $ | (325) |  |  | $ | (10,578) |  |  | $ | (6,007) |  |  | $ | (28) |  |  | $ | (48,690) |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
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