By the end of 2025, VPS Securities Joint Stock Company (VPS) reported robust business results that exceeded its annual targets, while maintaining efficiency and profitability indicators among the market leaders.
Maintaining a Leading Position
According to the recently announced 2025 business results, VPS recorded a pre-tax profit of over VND 4,471 billion, exceeding the target of VND 4,375 billion by 2.2%. Net profit after tax reached VND 3,579 billion, representing a significant 42% increase compared to the previous year. Accordingly, the Company fulfilled 102.3% of its approved profit targets for 2025.
These results were achieved despite a Vietnamese securities market in 2025 impacted by global macroeconomic uncertainties. Nevertheless, market liquidity remained high, reflecting a clear improvement in investor sentiment and capital flows. In this context, VPS consistently pursued a strategy of efficient and sustainable growth, prioritizing operational quality, strengthening risk management, and optimizing resources over short-term expansion.
Profitability Efficiency Remains Among the Highest
By the end of 2025, VPS recorded operating revenue of VND 8,267 billion, reflecting stable growth across its core business segments. Total assets reached VND 48,402 billion, while shareholders’ equity amounted to VND 28,835 billion, providing a solid financial foundation for medium- and long-term development plans.
Notably, profitability indicators remained high, with Return on Equity (ROE) reaching 26%, placing VPS among the leading securities firms in the industry. These indicators demonstrate the Company's effective use of capital and its sustainable earnings-generating capability.
In terms of revenue structure, brokerage and margin lending continued to play a key role, reflecting VPS’s traditional strengths as well as its strategic focus on the retail client segment. Outstanding margin loans reached VND 22,596 billion, up 80.9% year-on-year, accompanied by stringent risk management practices, thereby affirming VPS’s capacity to serve at scale and the reliability of its financial platform.
A representative of VPS’s management stated:
“Results in 2025 clearly demonstrate the effectiveness of VPS’s operations and the discipline of our risk management framework. We remain committed to sustainable growth, enhancing transparency standards as a listed company, and continuing to invest in technology platforms and service quality, with the aim of accompanying investors and the market over the long term.”
