AsemconnectVietnam - DNSE has just announced its Q4 and full-year 2025 business results, with many indicators reaching record levels. In 2025, DNSE's revenue is projected to exceed VND1,467 billion, a 77% increase; pre-tax profit is expected to exceed VND340 billion, and after- tax profit is expected to exceed VND272 billion, a 50% increase compared to 2024; outstanding margin loans and advances against sales will reach over VND5,832 billion.

According to the Q4/2025 financial report, DNSE's revenue reached VND437.2 billion, an 81% increase compared to the same period in 2024. In the revenue structure, revenue from securities brokerage services recorded outstanding growth, reaching VND125 billion, a 217% increase compared to the same period, equivalent to more than three times. Interest income from loans and receivables reached VND155.9 billion, an increase of 48%. Interest income from financial assets recognized through profit/loss (FVTPL) reached nearly VND53 billion, a 333% increase compared to the same period last year.
Along with revenue growth, DNSE's outstanding margin loans and advances against sales reached a new record high at the end of Q4 2025, exceeding VND5,832 billion.
In Q4, expenses amounted to VND425.6 billion, a 112% increase compared to the same period, with the largest proportion being securities brokerage operating expenses – nearly VND150 billion, a 198% increase.
DNSE's pre-tax profit in the fourth quarter reached VND11.7 billion, and after- tax profit was VND9.3 billion, a decrease of 72% compared to the same period in 2024.
According to DNSE's management, many core business segments showed positive growth in the fourth quarter, reflecting the effectiveness of business expansion and increased customer trading demand. However, the decrease in profit was mainly due to the allocation of proprietary trading portfolios in the context of the clearly differentiated stock market in recent times, leading to sector-specific volatility and increased risk levels.
For the whole year of 2025, DNSE recorded revenue of over VND1,467 billion, an increase of 77% compared to 2024. Revenue from securities brokerage services increased sharply, contributing significantly to revenue growth, reaching VND404 billion, an increase of 179%. Interest from loans and receivables reached VND555.8 billion, an increase of 54%. Profit from financial assets recognized through profit/loss (FVTPL) reached VND171.4 billion, a 258% increase compared to 2024.
Despite expenses increasing to VND1,127 billion in 2025, DNSE still exceeded its targets for the whole year, achieving pre-tax profit of VND340.2 billion and after- tax profit of VND272.5 billion, a 50% increase compared to 2024.
In terms of capital size, as of December 31, 2025, DNSE's total assets reached over VND15 billion, a 42% increase compared to the beginning of the year.
Thus, both revenue, profit, and total assets of DNSE recorded record highs in its operating history, surpassing the challenging business targets set at the beginning of the year.
Maintaining Top 2 market share in derivatives and holding 20% of the market share for newly opened accounts
Alongside its financial indicators, DNSE continues to thrive in terms of customer base and market share. DNSE currently has 1.5 million customer accounts, accounting for 13% of the total number of accounts in the entire market, and continues to be among the top leaders in the number of newly opened securities accounts, with a 20% market share of newly opened accounts.
As of December 31, 2025, DNSE's securities under management reached over 2.1 billion shares. Notably, the average daily net asset value (NAV) of all clients exceeded VND52 trillion, demonstrating DNSE's effective efforts in expanding its scale and improving the quality of its client base.
In the derivatives market, DNSE continued its strong progress, increasing its market share to 24% in Q4 2025 and 21% for the whole year 2025, thus firmly consolidating its position in the Top 2 market share.
Ms. Nguyen Ngoc Linh, General Director of DNSE, shared that by boosting investment in infrastructure and technology, making speed a key competitive advantage, DNSE has achieved rapid growth in the derivatives market. In the long term, with the implementation of policies such as T0 (transaction zero) and shortened transaction times, fast trading strategies from derivatives can be directly applied to the underlying market, opening up significant growth potential for businesses thanks to this competitive advantage.
Regarding the strategy of increasing capital for business operations, DNSE recently successfully issued VND1,000 billion in bonds and is currently issuing 85.65 million shares to existing shareholders at a ratio of 4:1 to increase charter capital, serving the expansion of margin lending, advance payments for sales, and supplementing capital for proprietary trading activities.
On January 8th, DNSE finalized the list of shareholders eligible for an interim dividend payment for 2025 in cash at a rate of 7%, meaning shareholders owning one share will receive VND700, with a total payout of nearly VND240 billion.
To provide customers and investors with complete and accurate information about business results, DNSE Securities Joint Stock Company will hold an online event, "Announcement of Q4 and Full-Year 2025 Business Results," at 3:30 PM on Wednesday, January 28, 2026.
The program will be livestreamed simultaneously on DNSE's official YouTube and Facebook channels.
YouTube Link: https://www.youtube.com/@dnse
Facebook Link: https://www.facebook.com/ChungkhoanDNSE
N.Nga
Source: VITIC/Tinnhanhchungkhoan