F88 Investment Jsc · UPCOM:F88
F88 Investment Jsc — F88 Investment Joint Stock Company — 9M2025 Earnings Presentation
21 slides from F88 Investment Jsc's earnings presentation, Oct 21, 2025
Slide 1: 9M2025 Earnings Call
F88 INVESTMENT JOINT STOCK COMPANY PRESENTATION 9M2025 EARNINGS CALL October 21, 2025
Slide 2: Agenda
Confidential - intended use for specific investors only Agenda I. Macroeconomics & Industry Updates II. Overview of F88 III. 9M2025 Financial Results IV. Spotlight of The Quarter – Automation Updates Analyst Meeting 1 Aug 2025 Investment Teaser | 2
Slide 3: Macroeconomics & Industry Updates
Confidential - intended use for specific investors only SECTION I MACROECONOMICS & INDUSTRY UPDATES
Slide 4: Vietnam's economic growth sets favourable backdrop for consumer finance industry
Vietnam’s economic growth sets favourable backdrop for consumer finance industry Sustained macro strength (high growth and controlled inflation) supported flamboyant consumption in 3Q25, with consumer finance industry being the prime beneficiary GDP growth CPI YoY YoY 3.6% 8.2% 3.5% 8.0% 3.2% 3.3% 3
Slide 5: Alternative Finance – Capturing growth opportunities from a high-growth economy
Alternative Finance – Capturing growth opportunities from a high-growth economy Entering the market a decade ago, F88 has been deeply exploring the vibrant and rapidly changing realm of alternative finance opportunities within Vietnam's flourishing economic landscape. Alternative Credit – a critical
Slide 6: Overview of F88
Confidential - intended use for specific investors only SECTION II OVERVIEW OF F88
Slide 7: Established since 2013, we are the fastest growing title lending chain in Vietnam
Established since 2013, we are the fastest growing title lending chain in Vietnam With a robust network and innovative financial solutions, we continue to lead the title lending industry. Our growth reflects the trust and support of over 1.3 million customers nationwide. # of customers # of loan con
Slide 8: 9M2025 Financial Results
Confidential - intended use for specific investors only SECTION III 9M2025 FINANCIAL RESULTS
Slide 9: Impressive historic growth momentum extended to 9M2025
Impressive historic growth momentum extended to 9M2025 Strong performance in both top and bottom lines, with 9M2025 PBT exceeding the full-year figure for 2024 Net loan book Total revenue1 Gross yields & CoF2 VND Bn VND Bn % 55.4% YoY 36.2% YoY CoF Gross yields 61% 66% 2,815 6,413 2,855 4,585 60.3%
Slide 10: Another breakthrough year for lending and insurance in 2025
Another breakthrough year for lending and insurance in 2025 Quarterly loan disbursement exceeded VND 4,000 billion, sustaining robust growth in insurance premiums. Revenue by segment Lending Insurance Others Net loan book & Disbursement value Disburse Net Loan VND Bn VND Bn 65.7% YoY 55.4% YoY 134 6
Slide 11: Customer base surpassing 1.3 million and still expanding
Customer base surpassing 1.3 million and still expanding Welcoming over 185,000 new lending customers in 9M2025, with return rate improving significantly # of new lending customers Customer Insights ‘000 69 1,213 By gender By occupation 54 62 55 61 60 52 800 13% 69% 16% Freelancer Worker Office empl
Slide 12: Loan book quality and write-off are well within risk appetite
Loan book quality and write-off are well within risk appetite Healthy loan portfolio with on-scheduled payment ratio stable around 85% for 4 consecutive quarters. On-scheduled payment ratio Write-off & Net WO by average loan book % % WO Net WO F88 applies stricter 85.8% 85.6% 85.6% 84.9% 83.5% 84.2%
Slide 13: Robust funding and liquidity position as buffers for future growth
Robust funding and liquidity position as buffers for future growth ~50% of new funding from offshore loans, conservative leverage to mitigate risks, & strong liquidity with 30/90-day ratios consistently exceeding 100% Diversified funding sources BBB Onshore Offshore Credit Rating % Outlook: Stable F
Slide 14: F88 is well on-track to surpass AGM performance targets
F88 is well on-track to surpass AGM performance targets Demonstrating impressive financial growth with notable increases in revenue and profit. F88 is poised to surpass AGM performance targets, highlighting strong loan book expansion and enhanced profitability FY2024 FY2025F AGM Targets Loan book1 (
Slide 15: Business Model for 2025++
Business Model for 2025++ F88 strives to be the premier one-stop financial service provider for the underbanked population Progress status Insurance distribution Agent banking Lending ▪ Life & non-life insurance 2025+ ▪ Claim assessment ▪ Insurtech ▪ Asset – Backed Lending ▪ Account opening ▪ Revolv
Slide 16: Spotlight of the Quarter - Automation Updates
Confidential - intended use for specific investors only SECTION IV SPOTLIGHT OF THE QUARTER - AUTOMATION UPDATES
Slide 17: Transforming Customer Journey: From Branch-Centric to Seamless O2O Experience
Transforming Customer Journey: From Branch-Centric to Seamless O2O Experience Originally a brick-and-mortar business, F88 has expanded to cover all provinces in Vietnam. With evolving customer behavior and market trends, we are now prioritizing a seamless online customer experience Branch-based Omni
Slide 18: Operational optimization via cutting-edge Command Center
Operational optimization via cutting-edge Command Center F88’s Command Center is a centralized intelligent operations center that connects data from nearly 900 stores nationwide and leveraging AI to optimize operations and monitor performance Coverage System System Automated Automated 100% Image Mon
Slide 19: Thank you!
F88 INVESTMENT JSC Thank you!
Slide 20: Appendix
Appendix Metrics Formulas Cost of funds Finance expense / Average borrowings Gross yields Revenue from lending / Average net loan book Revenue from lending Interest revenue + Fee revenue + Penalty received CIR OPEX / (Total revenue – Financial expenses) Write-off ratio Write-off / Average gross loan
Slide 21: Disclaimer
Disclaimer • This presentation has been prepared by F88 Investment JSC (“F88” or the “Company”) solely for informational purposes and is strictly confidential to the recipient, may not be reproduced, retransmitted or further distributed to the press or any other person, may not be reproduced in any
F88 Investment Joint Stock Company — 9M2025 Earnings Presentation on 6ix