AsemconnectVietnam - Bao Minh Securities Joint Stock Company (BMS - UPCoM) recorded a profit of VND74.71 billion in the second quarter, bringing the cumulative profit for the first half of 2026 to VND110.59 billion, an increase of 116.9% compared to the same period last year and achieving 53.2% of the annual plan.

In the second quarter of 2026, Bao Minh Securities recorded total revenue of VND167.06 billion, an increase of 17.2% compared to the same period last year; after-tax profit reached VND74.71 billion, an increase of 20% compared to the same period last year. Total expenses increased by 44.9% compared to the same period last year, equivalent to an increase of VND17.68 billion, reaching VND57.04 billion.
Regarding the structure of total revenue in the second quarter, Bao Minh Securities recorded a 13% year-on-year increase in profit from financial assets recognized through profit/loss (FVTPL), equivalent to an increase of VND16.43 billion, reaching VND143.12 billion; a 42.1% increase in profit from investments held to maturity (HTM), equivalent to an increase of VND3.62 billion, reaching VND12.22 billion; a 135.5% increase in profit from loans and receivables, equivalent to an increase of VND2.71 billion, reaching VND4.71 billion; securities brokerage revenue decreased by 7.9%, equivalent to a decrease of VND0.32 billion to VND3.71 billion, and other activities showed insignificant fluctuations.
Furthermore, regarding the cost structure, the increase in costs was mainly due to a 48.8% year-on-year increase in losses on financial assets recognized through profit/loss (FVTPL), equivalent to an additional VND16.55 billion, reaching VND50.49 billion, while other activities showed insignificant fluctuations.
Thus, because securities brokerage and margin lending activities account for a very small proportion, Bao Minh Securities' business results maintained growth momentum, contrary to securities companies whose revenue mainly comes from brokerage and margin lending activities when the market declined in the first half of 2026.
Cumulatively in the first half of 2026, Bao Minh Securities recorded revenue of VND236.8 billion, an increase of 3.4% year-on-year; after-tax profit reached VND110.59 billion, an increase of 116.9% year-on-year.
In 2026, Bao Minh Securities plans for total revenue of VND797.06 billion and projected after-tax profit of VND208 billion.
Thus, ending the first half of 2026 with after-tax profit reaching VND110.59 billion, Bao Minh Securities has completed 53.2% of its annual plan.
In reality, despite maintaining growth momentum, in the first half of 2026, Bao Minh Securities' main operating cash flow remained negative VND596.6 billion compared to negative VND452.03 billion in the same period last year. Furthermore, during the same period, investment cash flow was negative VND2.09 billion and financing cash flow was positive VND347.6 billion, mainly due to increased borrowing.
As of June 30, 2026, Bao Minh Securities' total assets increased by 17.8% compared to the beginning of the year, equivalent to an increase of VND458.5 billion, reaching VND3,033.9 billion. Of this, the main assets recorded were VND 1,967.7 billion in financial assets recognized through profit/loss (FVTPL), accounting for 64.9% of total assets; VND609.7 billion in long-term financial investments, accounting for 20.1% of total assets; VND306.1 billion in loans, accounting for 10.09% of total assets; and other items.
Furthermore, regarding capital sources, as of the end of the second quarter, Bao Minh Securities' total outstanding debt had increased by 116% compared to the beginning of the year, equivalent to an increase of VND347.7 billion, reaching VND647.5 billion and representing 28% of total equity (at the beginning of the year, outstanding debt was only VND299.8 billion and equivalent to 13.6% of total equity).
Another noteworthy point is that, on April 8th, Bao Minh Securities submitted an application to list over 203.9 million shares on the Ho Chi Minh City Stock Exchange (HOSE).
Source: VITIC/Bao Tai chinh – Dau tu