Ho Chi Minh City Securities Corp. · HOSE:HCM
Ho Chi Minh City Securities — Q3 2026 Earnings Presentation
11 slides from Ho Chi Minh City Securities's earnings presentation, Oct 23, 2026
Slide 1: Q3 & 9M 2026 Earnings Results
Q3 & 9M 2026 EARNINGS RESULTS Earnings call | October 2026 0
Slide 2: Important Notice
Important Notice Basis of preparation. Figures for Q3 2026 and 9M 2026 are taken from the interim financial statements of Ho Chi Minh City Securities Corporation (HSC) for the period ended 30 September 2026, which are unaudited. Figures may not add up due to rounding. Management presentation. Revenu
Slide 3: Q3 2026 at a Glance
Q3 2026 at a Glance Brokerage hit by a 58% fall in market turnover VND371bn ▼ 33% ▪ Q3 PBT VND371bn (−33% YoY); Q3 2025 included TCBS IPO distribution fees YoY Profit before tax, Q3 ▪ 9M PBT VND1,075bn, flat YoY, on revenue of VND3,634bn, +17% YoY VND1,075bn Flat YoY Lending income grew, up to the c
Slide 4: Market Environment
Market Environment 2,500 60,000 50,000 2,000 1,784 1,769 40,000 -1% YTD 1,500 30,000 1,000 20,000 500 10,000 - - 31/12/2025 31/01/2026 28/02/2026 31/03/2026 30/04/2026 31/05/2026 30/06/2026 31/07/2026 31/08/2026 30/09/2026 HOSE trading value (VND bn) VN-Index ▪ Average daily trading value was VND18.
Slide 5: Financial Summary
Financial Summary (VND bn) Q3 2026 Q3 2025 YoY 9M 2026 9M 2025 YoY 2026 plan(2) % of plan Revenue(1) 1,182 1,389 −15% 3,634 3,097 +17% 6,567 55% Operating expenses(1) 811 839 −3% 2,559 2,025 +26% 4,265 60% Profit before tax 371 550 −33% 1,075 1,073 0% 2,302 47% Profit after tax 297 441 −33% 861 860
Slide 6: Revenue by Business
Revenue by Business (VND bn) Q3 2026 Q3 2025 YoY 9M 2026 9M 2025 YoY Margin lending 758 642 +18% 2,289 1,663 +38% Brokerage 152 507 −70% 673 904 −26% Investment & treasury(2) 247 226 +9% 608 444 +37% Corporate finance 9 2 n.m. 19 62 −69% Other(3) 17 13 +29% 45 24 +83% Total revenue(1) 1,182 1,389 −1
Slide 7: Operating Expenses
Operating Expenses Q3 (VND bn) 9M (VND bn) Change vs. the same period of 2025 Q3 9M 839 2,559 811 Interest expense ▲ 30% ▲ 57% 74 238 73 Commissions & incentives ▼ 58% ▼ 10% 149 2,025 385 134 Salaries ▲ 9% ▲ 1% 227 396 Bonus accrual ▼ 43% ▲ 7% 95 378 225 Other operating costs ▼ 1% ▲ 5% 438 Costs exc
Slide 8: Financial Position
Financial Position Assets (VND bn) Liabilities & Equity (VND bn) 46,499 46,499 43,044 225 43,044 656 205 115 14,543 Other assets 9% 14,505 28,150 1,067 Other receivables 82% 29,170 6,084 Loans 4% Bonds 14% 30,889 Owners equity 0% 7,169 Certificate of deposit 100% 22,456 2,061 8,162 Other current pay
Slide 9: Capital and Lending Capacity
Capital and Lending Capacity 1 COMPLETED 2 IN PROGRESS 3 USE OF PROCEEDS Rights issue and ESOP Private placement Margin lending ▪ ~270m shares to existing shareholders (4:1) ▪ 200m shares at VND23,000 to professional ▪ All proceeds go to margin lending in 2026–27 and 22m ESOP shares, at VND10,000 in
Slide 10: Priorities
Priorities 1 Complete the capital plan and put it to work 2 Rebuild retail market share Close the VND4.6tn private placement, subject to SSC approval. Re-engage active clients now that lending capacity is restored. Grow the loan book into the new capacity, with collateral quality Sharpen our product
Slide 11: Thank You
THANK YOU HO CHI MINH CITY SECURITIES COMPANY AB Tower, 76A Le Lai, Ben Thanh Ward, Ho Chi Minh City hsc.com.vn | (8428)38 233 299 10
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