VPS increases annual profit target to more than 4,300 billion VND

Estimating positive business results in the first 9 months of the year, VPS has raised its revenue and profit target for the whole year 2025.

VPS Securities Corporation has just announced a resolution on adjusting the 2025 business plan.

Accordingly, VPS adjusted its net revenue plan to increase by 3.5%, from the initial VND 8,500 billion to VND 8,800 billion.

However, the profit plan was adjusted to increase sharply. VPS proceeded to increase the annual profit plan from 3,500 billion VND before tax and 2,800 billion VND after tax to 4,375 billion VND before tax - 3,500 billion VND after tax, corresponding to an increase of 25% compared to the original plan.

VPS's 2025 business plan after adjustment

It is known that VPS's annual plan adjustment was made in the context of this securities company's estimated positive results in the first 9 months of the year.  

According to VPS's estimates, the company's pre-tax profit in the third quarter of 2025 will reach about VND 1,395 billion, an increase of 70.1% over the same period in 2024. As a result, in the first 9 months of the year, VPS recorded VND 3,153 billion in pre-tax profit, exceeding 1.2% over the whole year of 2024. Thus, the estimated profit of VND 3,153 billion has almost reached the profit target for the whole year of 2025 as originally planned.  

VPS is also preparing for its big plans including IPO and capital raising issuance.  

This securities company has approved the initial public offering of up to 202.31 million shares, equivalent to a maximum of 35.49% of the total outstanding shares at present, equal to a maximum of 15.81% of the total outstanding shares at the time of completion of the expected capital increase.

The offering price has not been decided yet, but it will not be lower than the book value according to the audited 2025 mid-year financial report of VND22,457/share. The expected offering period is from the fourth quarter of 2025 to the first quarter of 2026.

At the same time, VPS will also increase capital through two rounds of bonus share issuance to existing shareholders and private share issuance.

If all three issuances are successful, VPS's charter capital is expected to increase from the current VND5,700 billion to VND16,441 billion.  

Source: https://baodautu.vn/vps-tang-muc-tieu-loi-nhuan-nam-len-hon-4300-ty-dong-d405502.html