Ho Chi Minh City Securities Corp. · HOSE:HCM
Ho Chi Minh City Securities — Q1 2026 Earnings Presentation
8 slides from Ho Chi Minh City Securities's earnings presentation, Apr 23, 2026
Slide 1: Q1 2026 Earnings Results
hse HO CHI MINH CITY SECURITIES COMPANY Q1 2026 EARNINGS RESULTS
Slide 2: Highlights
Highlights The VN Index closed Q1 2026 at 1,674, a 28% YoY growth. 1 Average daily market trading value reached VND35 trillion, up 92% YoY. 2 HSC delivered revenue of VND1,280 billion, up 48% YoY. Profit reached VND363 billion, up 28% YoY 3 HSC’s brokerage market share was 7.3%, up 0.6 pp QoQ, ranki
Slide 3: Business Results
Business Results (VND bn) Q1 2025 Q1 2026 +/- 2026 Plan % completed Statement of income Total revenue (*) 863 1,280 48% 6,567 19% Operating expenses (*) 580 917 58% 4,265 21% Profit before tax 283 363 28% 2,302 16% Balance sheet Total assets 30,462 40,467 33% 47,200 86% Shareholders' equity 10,311 1
Slide 4: Revenue Structure
Revenue Structure Securities Brokerage Margin Lending 97% 46% 765 1% 523 2% 324 15% 27% 164 VND1,280 billion Q1 2025 Q1 2026 Q1 2025 Q1 2026 48% YoY Proprietary Investments Corporate Finance 55% 93% 55% Securities Brokerage Margin Lending 172 111 59 Proprietary Investments 4 Corporate Finance Q1 202
Slide 5: Expenses Structure
Expenses Structure Variable expenses (VND billion) Fixed expenses (VND billion) 710 5 401 207 Other fixed expenses 55% 522 4 179 Depreciation expense 13% 27 18 5 6 21 Office related expenses 0% Other variable expenses 21% 21 303 27 24 Interest expenses 73% 14 32 IT expenses 12% 60 Incentives 64% Acc
Slide 6: Financial Position
Financial Position Assets (VND billion) Liabilities & Equity (VND billion) 46,499 46,499 225 656 40,467 226 40,467 782 14,543 14,402 28,150 1,067 Other assets 0.4% 28,140 650 Other receivables 19% Loans 30,889 7,000 Bonds Owners equity 1% 25,415 2,000 Certificate of deposit Other current payables 39
Slide 7: 2026 Assumptions
2026 Assumptions 2025 2026F YoY (VND tn) Average daily trading value 29 37 28% % of foreign investors trading value 11% 14% Key upside catalysts : ▪ Progress towards a market reclassification in Mar-26 alongside renewed foreign inflows as FX conditions stabilize. ▪ Sweeping, cross-sector regulatory
Slide 8: 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 7
Ho Chi Minh City Securities — Q1 2026 Earnings Presentation on 6ix