DSC Securities Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Interest and Dividend Income	365,615	293,941	241,807	66,744	28,081
Total Interest Expense	150,450	71,933	100,847	42,154	5,019
Net Interest Income	215,165	222,009	140,960	24,591	23,062
Brokerage Commission	113,783	103,975	103,914	25,931	7,073
Trading & Principal Transactions	-	-	-0.87	-33.75	-1.35
Asset Management Fee	3,707	5,904	29,864	796.19	223.8
Underwriting & Investment Banking Fee	5,376	6,582	3,168	200	200
Gain on Sale of Investments (Rev)	169,708	92,458	59,483	73,186	20,174
Other Revenue	36,818	248.47	211.62	1.96	-
Revenue	544,557	431,176	337,599	124,672	50,732
Revenue Growth (YoY)	26.30%	27.72%	170.79%	145.75%	779.30%
Cost of Services Provided	176,159	178,167	155,302	69,839	19,586
Other Operating Expenses	-14.76	34.45	33,065	1,150	-2,441
Total Operating Expenses	176,144	178,201	188,367	70,989	17,145
Operating Income	368,413	252,975	149,232	53,683	33,587
Other Non-Operating Income (Expenses)	3,337	2,492	2,315	483.11	383.5
EBT Excluding Unusual Items	371,750	255,468	151,547	54,167	33,971
Gain (Loss) on Sale of Investments	-27,724	-34,783	-1,381	-11,771	-2,797
Pretax Income	344,027	220,685	150,166	42,396	31,174
Income Tax Expense	68,832	43,865	30,249	8,949	6,322
Net Income	275,195	176,820	119,917	33,447	24,852
Preferred Dividends & Other Adjustments	-	-	9,000	-	-
Net Income to Common	275,195	176,820	110,917	33,447	24,852
Net Income Growth	55.64%	47.45%	258.52%	34.58%	4931.83%
Shares Outstanding (Basic)	275	240	172	117	49
Shares Outstanding (Diluted)	275	240	172	117	49
Shares Change (YoY)	14.74%	39.04%	47.32%	140.73%	592.33%
EPS (Basic)	1000.71	737.79	643.50	285.87	511.35
EPS (Diluted)	1000.71	737.61	643.50	285.47	511.11
EPS Growth	35.67%	14.62%	125.42%	-44.15%	629.27%
Free Cash Flow	-1,131,026	-1,082,514	-1,526,266	-556,243	-1,752,035
Free Cash Flow Per Share	-4112.82	-4516.84	-8854.89	-4754.21	-36049.01
Operating Margin	67.65%	58.67%	44.20%	43.06%	66.20%
Profit Margin	50.54%	41.01%	32.86%	26.83%	48.99%
Free Cash Flow Margin	-207.70%	-251.06%	-452.09%	-446.16%	-3453.49%
Effective Tax Rate	20.01%	19.88%	20.14%	21.11%	20.28%
Revenue as Reported	695,007	503,109	438,447	166,860	55,752

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