SSI pre-tax profit exceeds VND1,100 billion
SSI Securities Joint Stock Company (HoSE: SSI) has just released its separate financial report for the second quarter of 2025 with total revenue of VND 2,940 billion and pre-tax profit of VND 1,144 billion. According to the consolidated estimate, the second quarter revenue reached VND3,030 billion and pre-tax profit was VND1,197 billion. After the first half of the year, the company completed about 54% of the annual revenue and profit plan.
The securities services segment recorded revenue of more than VND 1,345 billion, accounting for 45.7% of total revenue. Of which, revenue from brokerage, deposits and investment consulting reached VND515 billion, up 57% compared to the first quarter. SSI's stock brokerage, fund certificate and securities market share at HOSE reached 10.85%, holding the top 2 position in the whole market.
Revenue from deposit and interest loans reached nearly VND830 billion, up 32% over the previous quarter. Outstanding margin loans as of June 30, 2025 were VND 33,134 billion, up more than 50% compared to the end of 2024. SSI is implementing interest rate incentives to expand new customer base.
Investment segments continue to contribute greatly with revenue of VND 1,426 billion, accounting for nearly 49% of total revenue in the second quarter. The investment portfolio is expanded, focusing on fixed-income assets issued by credit institutions. As of the end of the second quarter, the total assets of the parent company reached VND80,978 billion, up 25.4% compared to the end of 2024.
margin VPBankS outstanding loans skyrocket to nearly VND18,000 billion
At VPBank Securities Joint Stock Company (VPBankS), in the second quarter of 2025, pre-tax profit reached more than VND 549 billion - the highest since its establishment. Compared to the same period, profit increased by 73% and increased by nearly 57% compared to the previous quarter. Operating revenue in the quarter reached more than VND 1,181 billion, up nearly 83% over the same period and nearly 70% over the first quarter.
Interest from financial assets recorded through interest/ loss (FVTPL) reached VND597 billion, accounting for more than half of total revenue, nearly 2 times higher than the same period. Investment activities in listed stocks and un listed bonds have both increased sharply.
Revenue from lending and collateral reached nearly VND384 billion, up 47% over the previous quarter. VPBankS's margin balance continued to set a new record of VND17,635 billion, up 38% compared to the end of the first quarter and VND8,188 billion higher than the beginning of the year. With an equity of nearly VND18,200 billion, the company still has more than VND18,750 billion in margin lending space - the highest in the industry.
In the first 6 months of the year, VPBankS recorded revenue of VND 1,885 billion and pre-tax profit of nearly VND 900 billion, both of which were the highest in its history.
SHS self-employment plays a key role
In the second quarter of 2025, Saigon - Hanoi Securities Joint Stock Company (SHS) reported pre-tax profit of VND 788.7 billion in the first 6 months of 2025, completing nearly 58% of the annual plan. Operating revenue reached VND 1,255.4 billion. The average business performance per employee of SHS reached 3.5 billion VND for 4 consecutive quarters, among the highest in the industry.
Self-employed activities played a key role with FVTPL interest reaching VND 581.9 billion. The investment portfolio focuses on bluechip stocks in the banking, consumer, energy and infrastructure groups. SHS takes advantage of adjustments to optimize profits in the context of a market recovery.
Revenue from margin lending and receivables reached VND 280.6 billion, up 7.1% over the same period. Stock brokerage revenue reached VND 123.4 billion. Total assets at the end of the second quarter were VND17,328 billion, up 23.5% over the beginning of the year, of which equity reached VND11,184.8 billion.
SHS said that the positive results come from three main factors: the market recovers liquidity; clear investment strategic orientation; and initially converting the business model towards personalized financial services. The company is upgrading its trading system and expanding new-generation financial products and services to increase competitiveness in the second half of the year.
