Techcom Securities Joint Stock Company · HOSE:TCX
Techcom Securities Joint Stock — Q1 2026 Earnings Presentation
21 slides from Techcom Securities Joint Stock's earnings presentation, Apr 22, 2026
Slide 1: 1Q2026 Earnings Call
1Q2026 Earnings Call Hanoi, April 22, 2026 TCB Internal Document
Slide 2: Key highlights, Macro & Capital market update, Business performance, 2026 outlook
01 02 03 04 Key highlights Macro & Capital Business 2026 outlook market update performance 2 TCB Internal Document
Slide 3: Resilient earnings and reinforced market leadership
Resilient earnings and reinforced market leadership 01 Key highlights Total revenue ROA #1 #1 VND 2,783 billion 7.8% Bond issuance advisory Margin lending ▲ 37% YoY ▲ 0.2% YoY 86% market share 11% market share Profit before tax ROE #3 #2 VND 1,458 billion 15.4% 8.9% market share 9.5% market share ▲
Slide 4: Macro & Capital market update
02 Macro & Capital market update TCB Internal Document
Slide 5: Solid macro backdrop unlocks next-phase opportunities across capital markets
Solid macro backdrop unlocks next-phase opportunities across 02 Macro & Capital market update capital markets MACRO CAPITAL MARKET YoY GDP growth YoY CPI growth VN-Index Q1 equity trading value Q1 new accounts ▲ 7.83% ▲ 3.51% 1,674.5 VND 1,995tn 788,500 vs. 7.07% in 1Q25 ▼ 6% vs. Dec 2025 ▲ 90% YoY
Slide 6: Business performance
03 Business performance TCB Internal Document
Slide 7: Earnings resilience amid market volatility
1. Earnings resilience amid market volatility 03 Business performance • Net operating income increased 24% YoY, primarily driven by margin lending, which contributed 52% of total net operating income. • Profit before tax rose 11% YoY, with the slower growth relative to net income attributable to hig
Slide 8: Sustained leadership in corporate bond issuance advisory
1.1. Sustained leadership in corporate bond issuance advisory 03 Business performance • #1 market position sustained for nine consecutive years (2017–1Q2026). • Issuance volume reached VND 28 trillion in 1Q26, with net income from this segment contributing 22% of net operating income. Corporate bond
Slide 9: Bond distribution spread eased to support volume amid elevated interest rates
1.2. Bond distribution spread eased to support volume amid elevated 03 Business performance interest rates • Wealth distribution totaled VND 25.4 trillion in 1Q26. • Fundmart maintained leadership with 55% market NAV and 31 funds onboarded. • TCBS is the first firm to establish direct online connect
Slide 10: Brokerage and margin lending maintain strong momentum
1.3. Brokerage and margin lending maintain strong momentum 03 Business performance • Maintained a Top 3 brokerage position on HOSE with 8.9% market share, and Top 2 on HNX at 9.5%. • Expanded institutional offerings with Dark Pool, Bloomberg order placement, and algorithmic trading. HOSE market shar
Slide 11: Ongoing AI and tech investments to drive business growth
2. Ongoing AI and tech investments to drive business growth 03 Business performance • TCBS is targeting a full transition to an “AI Native” enterprise, with lean units and Agentic AI integrated across all business functions. Cost efficiency and OPEX YoY QoQ PBT per employee % and VND billion VND bil
Slide 12: Diversified funding and disciplined balance sheet support business growth
3. Diversified funding and disciplined balance sheet support business 03 Business performance growth through volatility Asset mix YoY QoQ Profitability trend (ROE & ROA) VND trillion % +57% +10% 16.7% 89 15.8% 82 81 15.3% 15.1% 15.4% 65 +47% +2% ROE 56 42 45 44 34 +99% +28% Margin lending 30 27 25 3
Slide 13: Industry recognition across AI innovation and capital markets
4. Industry recognition across AI innovation and 03 Business performance capital markets Best Financial AI Project in Vietnam TCInvest GenAI project Best IPO in Vietnam Best Syndicated Loan Techcom Securities Securities Sector 13 13 TCB Internal Document
Slide 14: 2026 Outlook
04 2026 Outlook TCB Internal Document
Slide 15: FY2026: Earnings growth sustained by a diversified business model
FY2026: Earnings growth sustained by a diversified business model 04 2026 Outlook despite a softer market backdrop Total revenue Profit before tax FY 2026 target 1Q2026 FY 2026 target 1Q2026 VND 13,227 billion 21% plan VND 7,535 billion 19% plan ▲ 26% vs. 2025 actual1 ▲ 18% vs. 2025 actual1 Segment
Slide 16: Appendix
Appendix TCB Internal Document
Slide 17: 1Q2026 key financial highlights
1Q2026 key financial highlights 1Q26 4Q25 1Q25 QoQ YoY Income Statement (Key metrics, VND billion) Total Revenue 2,783 3,365 2,028 -17% 37% Net Operating Income 2,351 2,901 1,901 -19% 24% Brokerage & Custody 85 89 73 -4% 17% Margin Lending & Advances on Sale Proceeds 1,211 1,119 718 8% 69% Investmen
Slide 18: 1Q2026 key financial highlights
1Q2026 key financial highlights March 31, 2026 December 31, 2025 March 31, 2025 QoQ YoY Balance Sheet (Key metrics, VND billion) Total Assets 88,665 80,632 56,330 10% 57% Cash & Cash Equivalents 5,493 3,108 2,310 77% 138% Held-to-Maturity Investments (HTM) 1,406 3,657 2,854 -62% -51% Loan 44,754 43,
Slide 19: Formula for calculating financial indicators
Formula for calculating financial indicators INDICES FORMULAS ROA (LTM) PAT (last 4 consecutive quarters) ÷ Average total assets (5 most recent quarters) ROE (LTM) PAT post-NCI (last 4 consecutive quarters) ÷ Average equity excl. NCI (5 most recent quarters) CIR (LTM) (Operating expenses1 + Manageme
Slide 20: Disclaimer
Disclaimer The information in this presentation is being provided as a historical, reference source only and is not being used for, and nothing in this presentation constitutes an offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, sec
Slide 21: Thank you
1Q2026 Earnings call Thank you In v e stor Re la t io ns TechcomSecurities 6 Quang Trung Street, Cua Nam, Hanoi, Vietnam Website: www.tcbs.com.vn Email: tcbs_ir@tcbs.com.vn TCB Internal Document
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