For the proprietary trading segment, KIS recorded a profit of over 57 billion VND, a 38% increase year-on-year, driven by a significant reduction in losses from the sale of financial assets measured at fair value through profit or loss (FVTPL) and higher dividends and interest income from FVTPL financial assets.
In the brokerage segment, operational scale grew substantially, with revenue nearing 209 billion VND and expenses of approximately 136 billion VND, both nearly 2.2 times higher than the same period last year. As a result, the company achieved a gross profit of over 73 billion VND from brokerage, 2.4 times higher year-on-year.
Beyond proprietary trading and brokerage, another key activity for KIS is lending, which saw a 51% revenue growth, reaching over 248 billion VND.
The results in Q3 align with the market’s upward trend and the surge in liquidity during the quarter. Alongside KIS, numerous other securities companies have released their Q3 financial reports, showcasing robust profit growth across the aforementioned three business segments.
However, the push for lending and proprietary trading also led to a 32% increase in provisioning expenses, totaling nearly 112 billion VND.
Ultimately, KIS reported a net profit of over 194 billion VND in Q3, an 84% year-on-year increase. This result boosted the cumulative profit for the first nine months to over 377 billion VND, a modest 4% rise, offsetting the lackluster performance of the first two quarters.
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Q3 and 9-month 2025 business results of KIS
Unit: Billion VND
Source: VietstockFinance
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For 2025, KIS set a pre-tax profit target of 750 billion VND. With over 472 billion VND earned in the first nine months, the company has achieved 63% of its annual plan.
By the end of Q3, KIS’s total assets reached nearly 16.5 trillion VND, a 23% increase since the beginning of the year. The majority of this comprises lending debt of over 12.2 trillion VND, accounting for 74% of total assets, primarily from margin lending. Compared to the start of the year, debt has risen by 40%, marking a historic high for KIS.
The sharp increase in debt highlights the company’s focus on expanding its lending segment, explaining the growth in lending revenue.
| KIS Sets New Lending Debt Record |
Two other notable trillion-VND items include FVTPL financial assets, which increased from nearly 1.7 trillion VND to almost 2 trillion VND, primarily due to fair value investments in listed stocks, bonds, and unlisted securities, as well as held-to-maturity (HTM) investments, which rose from over 1.5 trillion VND to nearly 1.7 trillion VND. Conversely, cash and cash equivalents decreased from 1.1 trillion VND to approximately 289 billion VND.
Regarding capital sources, the company has nearly 8.4 trillion VND in liabilities, a 21% increase since the beginning of the year. The company borrows from both domestic and foreign banks, as well as other entities.
– 16:25 21/10/2025
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