Hanoi, April 15, 2026
VPS SUCCESSFULLY CONVENES 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS: 2025 NET PROFIT REACHES VND 3,579 BILLION, SETTING 2026 PRE-TAX PROFIT TARGET AT VND 5,750 BILLION
On April 15, 2026, VPS Securities Joint Stock Company (VPS) successfully held its 2026 Annual General Meeting of Shareholders (AGM) in Hanoi.
2025 Financial Performance exceeds targets
In 2025, VPS reported total operating revenue of VND 8,261 billion, representing a 27.7% year-on-year increase. Profit before tax (PBT) reached VND 4,471 billion (+41.8%) while profit after tax (PAT) stood at VND 3,579 billion (+42.1%). These results surpassed the targets approved by the competent authorities, accompanied by robust efficiency ratios: ROE reached 26.1%, PBT margin stood at 54.1%, and EPS was recorded at VND 2,742.
This growth was distributed evenly across all core business segments:
- Brokerage revenue: VND 3,770 billion (+18.3%)
- Margin lending revenue: VND 2,504 billion (+42.1%)
- Treasury and capital business revenue: VND 1,694 billion (+31.4%)
- Advisory revenue: VND 139 billion (+126.7%)
VPS continued to dominate the market, maintaining its No. 1 position in stock brokerage market share for the fifth consecutive year. Specifically, VPS held 15.95% on the HOSE, 19.49% on the HNX, 17.76% on the UPCOM, and a commanding 38.99% in the derivatives market.
As of December 31, 2025, total assets reached VND 48,402 billion (+59.4% YoY). Equity surged to VND 28,835 billion (+153.8% YoY) following the successful completion of its Initial Public Offering (IPO), significantly strengthening the company’s financial capacity and capital foundation for the next phase of growth. The 2025 Financial Statements were audited by Ernst & Young Vietnam.
Key Resolutions Approved at the 2026 AGM
The General Meeting approved several key proposals, including:
- 2026 Business Plan: Targeting operating revenue of VND 11,500 billion (+39.2% YoY) and PBT of VND 5,750 billion (+28.6% YoY). This plan is built upon positive macroeconomic expectations, the anticipated effects of the stock market upgrade, and VPS’s internal advantages in scale, technology, and post-IPO financial strength.
- 2025 Profit Distribution Plan: Realized net profit reached VND 3,563 billion (excluding unrealized gains). In 2025, VPS distributed VND 1,424 billion through a stock issuance to increase capital from owner's equity. The remaining undistributed profit is VND 2,139 billion. VPS will not pay cash dividends in 2026.
- Report on the Use of Proceeds from the 2025 IPO and Private Placement (Audited): Total capital raised from the IPO (November 2025) reached VND 12,139 billion, and from the private placement (December 2025) reached VND 1,976 billion. The majority of the proceeds have been deployed for margin lending while the allocation for technology infrastructure (VND 900 billion) and human resource development (VND 270 billion) will be implemented in the upcoming phase.
- Approval of Reports: The AGM approved the 2025 Financial Statements audited by Ernst & Young Vietnam, along with the performance reports of the Board of Directors, the Supervisory Board, and the Board of Management.
(Detailed information regarding the approved resolutions will be disclosed on the VPS official website in accordance with applicable regulations).
"2025 served as a testament to VPS's ability to maintain sustainable growth while ensuring operational efficiency. Entering 2026, we have set even higher objectives to expand our scale, further elevate customer service quality, and reinforce our technological capabilities.”, CEO Le Minh Tai emphasized at the Meeting.
