Techcom Securities (TCX) Q1 2025 earnings summary

Executive summary

• Total assets reached VND 56.33 trillion as of 31 March 2025, up from VND 53.24 trillion at year-end 2024.

• Owners' equity increased to VND 27.29 trillion, with profit after tax for Q1 2025 at VND 1.01 trillion, up from VND 928 billion year-over-year.

• The company maintained a strong capital base with charter capital at VND 19.61 trillion.

Financial highlights

• Q1 2025 operating income was VND 2.03 trillion, a 20% increase year-over-year.

• Profit before tax for Q1 2025 was VND 1.31 trillion, up from VND 1.16 trillion in Q1 2024.

• Net profit margin improved, with profit after tax at VND 1.01 trillion versus VND 928 billion in the prior year.

• Interest expenses rose to VND 402 billion from VND 262 billion year-over-year.

• Total liabilities increased to VND 29.03 trillion, mainly due to higher short-term borrowings and bonds issued.

Outlook and guidance

• The company continues to focus on expanding its brokerage, proprietary trading, and advisory services.

• Maintains compliance with regulatory investment restrictions and risk management policies.