Saigon - Hanoi Securities Joint Stock Company (SHS) has just announced its financial report for the third quarter of 2025 with impressive results. Accordingly, pre-tax profit in the third quarter of 2025 reached VND590 billion, 7.9 times higher (up 697%) than the same period last year.
Accumulated in the first 9 months of the year, the company's pre-tax profit reached VND 1,379 billion, up 45% over the same period in 2024, completing and exceeding the 2025 plan assigned by the General Meeting of Shareholders. According to estimates, EPS for four consecutive quarters reached VND 1,682/share, ROAE reached 12.5% and ROAA reached 8.7%, showing good profitability and superior capital efficiency compared to the general level of the industry.
As of September 30, 2025, SHS's total assets reached more than VND 20,000 billion, up 57% over the same period in 2024. Growth comes from financial investment activities, collateral lending and expanding equity, showing that the company's scale of operations continues to expand.
The results come from core business segments, including brokerage, collateral lending, self-investment and corporate financial consulting.
In particular, the Stock Brokers segment recorded revenue of 137 billion VND, up 179% over the same period, thanks to improved market liquidity and expanded market share of SHS in both individual and institutional customers. The deposit lending segment also increased sharply by 135% with outstanding loans reaching VND 9,136 billion.
Self-employed activities recorded net profit of about VND 393 billion, up 24 times over the same period thanks to the positive developments of the market. The corporate finance consulting (IB) segment also recorded positive results with revenue reaching VND 12.67 billion, up 64% over the same period, supported by the M&A market, issuance and corporate capital structure recovering strongly this year.
As of September 30, 2025, SHS's total assets reached more than VND 20,000 billion, up 57% over the same period in 2024. Growth comes from financial investment activities, collateral lending and expansion of equity, showing that the company's scale of operations continues to expand, while financial capacity is also strengthened.
Regarding financial structure, the debt coefficient and equity coefficient of SHS continue to remain at a safe level, equivalent to the previous period. The ratio of short-term debt to total capital is reasonably controlled, creating room for investment activities and service expansion. The company's key financial indicators have improved.
VPS Securities Joint Stock Company (VPS) released its Q3/2025 financial report with strong growth results in most operating segments. Operating revenue reached VND 2,708 billion, up 65% over the same period last year. In particular, the brokerage segment continues to be the largest contributor with VND 1,523 billion, more than doubled, affirming its leading position in market share.
The deposit lending segment recorded impressive results, reaching VND 706 billion, up 56%. Outstanding margin loans at the end of the third quarter were at VND22,037 billion, up more than 30% compared to the end of the second quarter and doubled in the same period last year - a record high in the company's operating history. Financial investment activities also brought in 315 billion VND in revenue.
At the end of the third quarter, VPS achieved pre-tax profit of VND 1,395 billion, up 70% over the same period; after-tax profit reached VND 1,127 billion, up 72%. In the first 9 months of the year, the company recorded VND 5,900 billion in operating revenue and VND 2,564 billion in after-tax profit, completing more than 73% of the 2025 plan.
As of September 30, the portfolio of financial assets recorded through interest/ loss (FVTPL) reached VND3,681 billion, up 46% over the previous quarter, mainly from bonds and monetary market tools. In contrast, the portfolio held up to maturity (HTM) fell by half to VND2,966 billion.
VPS has maintained its No. 1 position in the stock brokerage market in Vietnam for 19 consecutive quarters, reaching 17.05% on the HoSE in the third quarter, up 1.68 percentage points compared to the previous quarter.
Technology Securities (TCBS) achieved a profit after tax of VND 1,620 billion, up 85% over the same period, thanks to steady growth in the fields of collateral lending, advance payment, brokerage and self-employment. Accumulated for the first 9 months, TCBS earned VND4,050 billion, up 31% over the same period last year.
At SSI Securities, the enterprise estimated its 9-month pre-tax profit at about VND4,000 billion, up 34% over the same period and completing 94% of the annual plan. With a semi-annual profit of VND 2,245 billion, in the third quarter alone, SSI brought in about VND 1,755 billion in pre-tax profit, up 78%.
VIX Securities also recorded remarkable growth results, operating revenue reached VND 3,222 billion, nearly 6 times higher than the same period, while profit after tax jumped to VND 2,449 billion, more than 9 times. According to the company, this strong growth comes from the recorded profit from financial assets through interest/ loss (FVTPL), increasing by 586% (equivalent to more than VND 4,406 billion) thanks to the positive developments of the market, along with a deposit lending revenue increase of more than 200%.
Notably, VIX poured more than VND 5,900 billion into listed stocks and is temporarily earning a profit of nearly 45%. There are 3 stocks with a proportion of more than 1,000 billion VND: EIB, GEE and GEX. EIB shares alone have a principal price decrease of about 300 billion VND compared to the beginning of the year, showing that the company has "taken profits" from this stock.
Meanwhile, VPBankS Securities also reported a breakthrough result in the first 9 months of the year. Operating revenue reached VND 5,457 billion, 3 times higher than the same period, with the main revenue coming from deposit loans (VND 1,213 billion), financial consulting (VND 789 billion) and financial investment (FVTPL) reaching VND 2,999 billion, nearly 4 times higher. Thanks to good cost control, the CIR index remained at 18.7%, helping the company achieve a record pre-tax profit of VND 3,260 billion, up nearly 4 times and completing 73% of the annual plan.
