MB Securities JSC Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Interest and Dividend Income	1,573,773	1,246,698	850,585	965,464	751,930	419,677	Upgrade
Total Interest Expense	717,249	528,153	363,588	393,221	319,880	187,285	Upgrade
Net Interest Income	856,525	718,545	486,997	572,243	432,050	232,392	Upgrade
Brokerage Commission	826,306	628,155	614,616	716,773	931,582	350,101	Upgrade
Trading & Principal Transactions	80,180	-15,632	-25,633	-44,185	-46,381	-26,790	Upgrade
Asset Management Fee	52,778	54,414	38,634	57,694	120,821	136,319	Upgrade
Underwriting & Investment Banking Fee	-	200	-	-	-	18.11	Upgrade
Gain on Sale of Investments (Rev)	877,438	1,155,381	290,278	163,664	328,697	163,148	Upgrade
Other Revenue	56,880	41,658	26,522	59,204	84,734	49,114	Upgrade
Revenue	2,750,106	2,582,721	1,431,413	1,525,394	1,851,502	904,302	Upgrade
Revenue Growth (YoY)	15.16%	80.43%	-6.16%	-17.61%	104.74%	20.72%	Upgrade
Cost of Services Provided	1,070,527	802,860	673,022	779,202	961,421	496,875	Upgrade
Other Operating Expenses	-12,898	458.22	-52.62	2,138	-10,039	-23,576	Upgrade
Total Operating Expenses	1,057,628	803,319	672,970	781,340	951,381	473,298	Upgrade
Operating Income	1,692,478	1,779,402	758,443	744,054	900,120	431,004	Upgrade
Currency Exchange Gains	0.01	0.09	-2,659	-2,836	2,318	12.59	Upgrade
Other Non-Operating Income (Expenses)	5,754	-8,625	-1,680	11,154	27,129	3,078	Upgrade
EBT Excluding Unusual Items	1,698,232	1,770,777	754,104	752,373	929,567	434,095	Upgrade
Gain (Loss) on Sale of Investments	-462,289	-840,520	-38,568	-92,564	-26,646	-98,148	Upgrade
Other Unusual Items	200	-	363.05	0.55	-	158.44	Upgrade
Pretax Income	1,236,450	930,644	716,147	660,569	736,275	336,105	Upgrade
Income Tax Expense	248,415	187,091	132,130	146,363	149,465	67,400	Upgrade
Net Income	988,035	743,553	584,016	514,206	586,811	268,705	Upgrade
Preferred Dividends & Other Adjustments	44,613	44,613	35,041	30,852	-	-	Upgrade
Net Income to Common	943,422	698,940	548,975	483,353	586,811	268,705	Upgrade
Net Income Growth	31.54%	27.32%	13.58%	-12.37%	118.38%	16.93%	Upgrade
Shares Outstanding (Basic)	590	535	533	396	380	254	Upgrade
Shares Outstanding (Diluted)	590	535	533	396	380	254	Upgrade
Shares Change (YoY)	4.70%	0.31%	34.60%	4.14%	49.87%	15.60%	Upgrade
EPS (Basic)	1599.11	1306.66	1029.50	1220.08	1542.51	1058.60	Upgrade
EPS (Diluted)	1599.11	1306.66	1029.50	1220.08	1542.51	1058.60	Upgrade
EPS Growth	25.83%	26.92%	-15.62%	-20.90%	45.71%	1.15%	Upgrade
Free Cash Flow	-8,807,738	-4,087,231	-3,824,773	243,917	-5,481,146	-1,381,788	Upgrade
Free Cash Flow Per Share	-14929.22	-7641.03	-7172.68	615.70	-14407.90	-5443.71	Upgrade
Dividend Per Share	-	-	1165.049	-	-	-	Upgrade
Operating Margin	61.54%	68.90%	52.99%	48.78%	48.62%	47.66%	Upgrade
Profit Margin	34.30%	27.06%	38.35%	31.69%	31.69%	29.71%	Upgrade
Free Cash Flow Margin	-320.27%	-158.25%	-267.20%	15.99%	-296.04%	-152.80%	Upgrade
Effective Tax Rate	20.09%	20.10%	18.45%	22.16%	20.30%	20.05%	Upgrade
Revenue as Reported	3,381,124	3,120,367	1,815,959	-	-	-	Upgrade

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.