A series of securities companies reported large profits.

The recently published financial reports all show a strong increase in profits of securities companies, as predicted before, when positive market developments in the third quarter of 2025 would raise profits for this industry group.

Recently published financial reports all show a strong increase in profits of securities companies. (Photo: Trong Hieu)

Techcom Securities Corporation (TCBS) announced that pre-tax profit in the third quarter of 2025 reached VND 2,024 billion, an increase of 85% over the same period last year. In the first 9 months of 2025, TCBS's pre-tax profit reached VND 5,067 billion, an increase of 31% over the same period in 2024 and reaching nearly 90% of the plan for the whole year of 2025.

Proprietary trading activities brought in over VND1,022 billion in profit in the third quarter, 2.2 times higher than the same period last year, thanks to a sharp increase in profits from selling financial assets recorded through profit/loss (FVTPL). Meanwhile, margin lending and sales advances also brought in VND998 billion, up 20% compared to the previous quarter and up 44% compared to the same period last year.

As of September 30, 2025, TCBS's outstanding margin loans and sales advances reached VND41,713 billion, up 23% over the previous quarter and up 64% over the end of last year.

The financial report of Vietcap Securities JSC (VCI) also recorded a positive business period with operating revenue in the third quarter reaching VND 1,443 billion, up 48% compared to the third quarter of 2024. In particular, proprietary trading activities played a key role with profit from selling financial assets FVTPL reaching VND 667 billion, up 25%.

Interest from loans and receivables this period increased by 52% and brought in VND 313 billion, in addition, revenue from brokerage services also increased by 103%, contributing VND 372 billion. Thanks to that, VCI's pre-tax profit increased by 96% compared to the third quarter of 2024, reaching VND 518.9 billion, bringing the accumulated profit for 9 months to VND 1,085 billion.

Explaining this sharp increase, Vietcap said that in the third quarter of 2025, the stock market performed positively, the liquidity value of the entire market increased sharply, the VN-Index surpassed its peak, closing on September 30, 2025 at 1,661.7 points. Vietcap's brokerage market share increased, reaching 6.43% and ranked 4th among securities companies with the largest brokerage market share on HSX. For institutional clients' transactions, Vietcap continued to lead the institutional client brokerage market share with more than 30% market share, thereby contributing to increasing brokerage revenue for both individual and institutional clients.

Not only TCBS or Vietcap, in the market, a series of other securities companies also recorded positive growth in business results.

Saigon - Hanoi Securities Corporation (SHS) recorded pre-tax profit in the third quarter of 2025 of VND 590 billion, 7.9 times higher than the same period last year. Thanks to that, in 9 months, SHS has exceeded the profit plan previously assigned by shareholders with a 9-month profit of VND 1,379 billion.

At MB Securities JSC (code MBS), operating revenue in the third quarter increased by 44% over the same period thanks to a sharp increase in margin lending activities, bringing in VND408 billion and contributing the majority of the total operating revenue of VND1,162 billion this period. Brokerage activities were also a bright spot with revenue increasing by 178%, bringing in VND370 billion, MBS's market share in the third quarter also increased slightly compared to the previous period.

Thanks to the increase in all business activities, MBS reported pre-tax profit of VND418.1 billion in the third quarter, after-tax profit of VND332.6 billion, an increase of 86% compared to the third quarter of last year. In the first 9 months, MBS earned VND1,029 billion in pre-tax profit, VND822.7 billion in after-tax profit, a growth of 42% compared to the same period last year.

Or Rong Viet Securities Corporation (VDSC) also reported record profits in the third quarter with pre-tax profit recorded at VND 310 billion and after-tax profit reaching VND 249 billion, up 244% and 233% respectively over the same period last year. In the first 9 months of 2025, Rong Viet recorded total revenue of VND 818 billion and after-tax profit of VND 260 billion, respectively completing 76% and 90% of the yearly plan.

Previously, the stock market in the third quarter recorded strong growth with the VN-Index increasing by 23%, liquidity exploded with sessions reaching up to 60,000 - 80,000 billion VND. This is also the basis for forecasting a positive business season for the group of securities companies.

In the fourth quarter, profit growth is forecast to remain good but somewhat stagnant. In KBSV's view, in the last quarter of the year, there may be a correction after the market has somewhat reflected the upgrade story while there is still pressure from other pressures. However, the securities group still has room to increase in price with the expectation that the stock market will have a good increase in both price and liquidity in 2025 - 2026 along with the positive impact from the market upgrade.

Looking at the medium term, the positive view on price and liquidity for the Vietnamese stock market is still maintained based on supporting factors, such as market valuation is still in a reasonable range; the State Bank's monetary policy easing orientation and interest rates maintained at a relatively low level; the Vietnamese market has been decided to be upgraded according to FTSE Russell's assessment in September 2025 and officially added to the FTSE emerging market index basket on September 21, 2026, thereby promoting the return of foreign capital flows.

Source: https://baoquocte.vn/hang-loat-cong-ty-chung-khoan-bao-lai-lon-331490.html