“FPTS Boosts Charter Capital to VND 3,365 Billion After Bonus Share Issuance”

FPT Securities Joint Stock Company (FPTS, Stock Code: FTS, HoSE: FTS) has just released a report on the issuance of shares to increase charter capital from equity (bonus shares).

By the end of the offering on May 15, FPTS distributed 30.59 million bonus shares to 18,105 shareholders. The remaining 1,693 fractional shares will be canceled. The date of share transfer is expected in the second or third quarter of 2025.

The entitlement ratio is 10:1, meaning that for every 10 old shares held, shareholders will receive 1 new share. The issuance capital comes from undistributed post-tax profits in the 2024 audited financial statements of up to VND 305.9 billion. The issued shares are not restricted from transfer.

Following this issuance, FPTS has increased its circulating shares to 336.5 million, equivalent to a charter capital of over VND 3,365 billion.

In another development, on May 15, FPTS finalized the list of shareholders to pay 2024 cash dividends at a rate of 5%, meaning that for every share owned, shareholders will receive VND 500.

With more than 305.9 million circulating shares (before the bonus share issuance), FPTS is expected to spend nearly VND 153 billion on this dividend payout. The expected payment date is June 12, 2025.

In terms of business results, according to the Q1/2025 financial statements, FPTS recorded operating revenue of VND 312 billion, up 4.3% over the same period.

Of this, the lending segment contributed the most to revenue with nearly VND 174 billion, up 34%; financial assets at FVTPL brought in VND 88 billion. Brokerage revenue, on the other hand, halved to just over VND 37 billion.

During the period, operating expenses increased by 34% to nearly VND 122 billion, of which provisions for financial assets, handling of bad debts and financial losses, and borrowing costs for loans accounted for VND 77 billion.

As a result, FPTS posted a net profit of nearly VND 153 billion, down 8% compared to Q1/2024.

As of March 31, 2025, FPTS’s total assets exceeded VND 10,706 billion, up 10% from the beginning of the year.

The largest component of the asset structure was loans, amounting to nearly VND 7,612 billion, an increase of 8% over three months. Of this, over VND 7,000 billion was for margin trading.

The portfolio of financial assets at FVTPL had an original value of over VND 1,506 billion, slightly higher than at the beginning of the year, with a temporary profit of 37%. This included fixed-term deposits and certificates of deposit worth more than VND 839 billion, and government bonds and bonds of credit institutions totaling nearly VND 651 billion.

In terms of listed stocks, the investment in MSH shares of May Song Hong Joint Stock Company was valued at VND 572 billion, 42 times higher than the original price.

In terms of capital sources, FPTS’s borrowings amounted to nearly VND 6,088 billion, an increase of 11% from the beginning of the year, all of which were bank loans.