VPS Securities JSC 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 2021	FY 2020	FY 2014
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '14 Dec 31, 2014
Interest and Dividend Income	489,116	520,610	1,015,231	1,018,804	-
Total Interest Expense	985,023	576,248	698,198	344,000	-
Net Interest Income	-495,907	-55,638	317,033	674,805	-
Brokerage Commission	3,770,445	3,186,624	3,135,104	638,324	62,563
Asset Management Fee	138,692	61,172	393,130	191,262	-
Gain on Sale of Investments (Rev)	1,204,968	768,272	3,684,573	1,498,920	-
Other Revenue	2,657,494	1,929,645	1,290,081	481,150	344,438
Revenue	7,275,691	5,890,074	8,819,920	3,484,460	407,002
Revenue Growth (YoY)	23.52%	-33.22%	153.12%	756.13%	-22.72%
Cost of Services Provided	3,678,985	3,148,319	2,839,779	762,760	352,844
Other Operating Expenses	78,568	108,948	184,647	221,300	-
Total Operating Expenses	3,757,553	3,257,267	3,024,426	984,060	352,844
Operating Income	3,518,139	2,632,807	5,795,495	2,500,400	54,157
Currency Exchange Gains	1.02	0.7	-0.21	-0.07	-
Other Non-Operating Income (Expenses)	1,061,777	619,150	58,800	107,693	-2,202
EBT Excluding Unusual Items	4,579,916	3,251,957	5,854,295	2,608,093	51,956
Gain (Loss) on Sale of Investments	-108,510	-98,194	-4,859,011	-1,983,576	-
Pretax Income	4,471,406	3,153,763	995,284	624,517	51,956
Income Tax Expense	892,744	635,001	199,326	121,920	10,733
Net Income	3,578,663	2,518,762	795,957	502,596	41,223
Net Income to Common	3,578,663	2,518,762	795,957	502,596	41,223
Net Income Growth	42.08%	216.44%	58.37%	1119.21%	-68.00%
Shares Outstanding (Basic)	1,305	954	570	-	-
Shares Outstanding (Diluted)	1,305	954	570	-	-
Shares Change (YoY)	36.81%	67.37%	-	-	-
EPS (Basic)	2741.78	2640.14	1396.40	-	-
EPS (Diluted)	2741.78	2640.14	1396.40	-	-
EPS Growth	3.85%	89.07%	-	-	-
Free Cash Flow	-6,564,491	-6,395,967	-6,621,221	353,250	391,259
Free Cash Flow Per Share	-5029.36	-6704.19	-11616.06	-	-
Operating Margin	48.35%	44.70%	65.71%	71.76%	13.31%
Profit Margin	49.19%	42.76%	9.03%	14.42%	10.13%
Free Cash Flow Margin	-90.22%	-108.59%	-75.07%	10.14%	96.13%
Effective Tax Rate	19.97%	20.14%	20.03%	19.52%	20.66%
Revenue as Reported	8,260,714	6,466,322	9,518,118	3,828,460	407,002

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