Ho Chi Minh City Securities Corp. · HOSE:HCM
Ho Chi Minh City Securities — Q2 2026 Earnings Presentation
10 slides from Ho Chi Minh City Securities's earnings presentation, Jul 22, 2026
Slide 1: Q2 & H1 2026 Earnings Results
Q2 & H1 2026 EARNINGS RESULTS 0
Slide 2: Highlights
Highlights Profitable growth across all core businesses ▪ Revenue: VND2.45tn (+44% YoY) ▪ Profit before tax: VND704bn (+35% YoY) Franchise strengthened in a volatile market ▪ H1 HOSE market share: 7.1% (+0.2pp YoY) ▪ Client assets in custody: +7.6% YTD Lending at full capacity — rights issue unlocks
Slide 3: Market Environment
Market Environment 2,500 60,000 2,000 1,784 1,860 50,000 +4% YTD 40,000 1,500 30,000 1,000 20,000 500 10,000 - - 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 6/30/2026 Trading value (VND bn) VN-Index ▪ Average daily trading value increased 38% YoY in H1, driven primarily by exception
Slide 4: Business Results
Business Results Income Statement Q2 2026 Q2 2025 +/-% H1 2026 H1 2025 (VND bn) +/-% 2026 Plan % completed Total revenue (*) 1,172 845 39% 2,452 1,708 44% 6,567 37% Operating expenses (*) 832 606 37% 1,748 1,186 47% 4,265 41% Profit before tax 340 240 42% 704 523 35% 2,302 31% (*) Gains and losses a
Slide 5: Revenue Structure | H1 2026
Revenue Structure | H1 2026 Securities Brokerage Margin Lending 0.43% 1% 31% 50% 15% 1,532 21% 1,022 521 397 VND2,452bn 44% YoY H1 2025 H1 2026 H1 2025 H1 2026 Proprietary Investments Corporate Finance 66% 82% 63% Securities Brokerage Margin Lending 361 218 60 11 Proprietary Investments Corporate Fi
Slide 6: Expenses Structure | H1 2026
Expenses Structure | H1 2026 Variable expenses (VND bn) Fixed expenses (VND bn) 1,343 10 813 Other fixed expenses 11% 9 1,032 406 Depreciation expense 16% 372 Office related expenses 2% Other variable expenses 8% 591 46 41 10 42 IT expenses 12 41 16% Interest expenses 75% 57 49 33 61 Accrued bonus 9
Slide 7: Financial Position
Financial Position Assets (VND bn) Liabilities & Equity (VND bn) 46,499 46,499 225 41,259 41,259 656 205 314 14,543 Other assets 9% 14,640 28,150 1,067 Other receivables 52% 526 29,024 3% Loans Bonds 30,889 Owners equity 1% 7,000 Certificate of deposit 100% 26,093 2,000 Other current payables 51% 7,
Slide 8: Execution Within Our Control
Execution Within Our Control Market position Margin lending Cost discipline 7.1% VND29tn +9% Average H1 HOSE market share Loan balance H1 fixed costs YoY (+0.2 pp YoY) ▪ Loan book at ~2.0x equity — full ▪ Brokerage market share expanded ▪ Fixed costs grew far slower than revenue regulatory capacity.
Slide 9: Growth Drivers | H2 2026
Growth Drivers | H2 2026 ▪ Margin Lending: The loan book operates at ~2.0x equity — the regulatory ceiling. The planned rights issue (~VND2.7tn) lifts lending capacity by over VND5tn, with proceeds expected to be deployed from late Q3. ▪ Securities Brokerage: The FTSE Secondary Emerging Market upgra
Slide 10: 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 9
Ho Chi Minh City Securities — Q2 2026 Earnings Presentation on 6ix