AsemconnectVietnam - KAFI Securities Joint Stock Company (KAI – UPCoM) recorded a net profit of VND136.81 billion in the third quarter, bringing the cumulative net profit for the first nine months of 2026 to VND431.38 billion, a 58% increase compared to the same period last year.

In the third quarter of 2026, KAFI Securities recorded total revenue of VND980.98 billion, a 14.8% increase compared to the same period last year; net profit reached VND136.81 billion, a 13% decrease compared to the same period last year.
In terms of revenue structure, in the third quarter, profit from financial assets recognized through profit/loss (FVTPL) increased by 2.3% year-on-year, equivalent to an increase of VND12.9 billion to VND580.8 billion, accounting for 59.21% of total revenue; profit from loans and receivables increased by 51.9% year-on-year, equivalent to an increase of VND107.7 billion, reaching VND315.2 billion, and accounting for 32.1% of total revenue; brokerage revenue decreased by 53.9%, equivalent to a decrease of VND31.33 billion, to VND26.85 billion, accounting for 2.7% of total revenue…
During the period, total expenses increased by 4.5% year-on-year, equivalent to an increase of VND17.57 billion to VND408.33 billion; Interest expenses increased by 43% year-on-year, equivalent to an increase of VND96.07 billion, reaching VND319.37 billion; administrative expenses increased by 89%, equivalent to an increase of VND42.66 billion, reaching VND90.61 billion; and other activities showed insignificant fluctuations.
For the first nine months of 2026, KAFI Securities recorded total revenue of VND3,004.67 billion, an increase of 62.8% year-on-year; after-tax profit reached VND431.38 billion, an increase of 58% year-on-year.
In addition, regarding cash flow, in the first nine months of 2026, KAFI Securities recorded a negative cash flow from business operations of VND1,123.96 billion compared to a negative VND7,671.3 billion in the same period. Furthermore, the investment cash flow was negative VND13.7 billion and the financing cash flow was negative VND16.3 billion.
As of September 30, 2026, KAFI Securities' total assets increased by 0.4% compared to the beginning of the year, equivalent to an increase of VND114.1 billion, reaching VND26,245.6 billion. Of this, the main assets recorded were VND12,335.98 billion in loans, accounting for 47% of total assets; VND9,595.6 billion in financial assets recognized through profit/loss (FVTPL), accounting for 36.56% of total assets; VND3,399.2 billion in financial assets available for sale (AFS), accounting for 13% of total assets; and other items.
Over 9 months, the main changes in assets were: financial assets recognized through profit/loss (FVTPL) increased by 18.5% year-on-year, equivalent to an increase of VND1,495.4 billion, reaching VND9,595.6 billion; loans increased by 13.4% year-on-year, equivalent to an increase of VND1,453.08 billion, reaching VND12,335.98 billion; and financial assets available for sale (AFS) decreased by 33.2% year-on-year, equivalent to a decrease of VND1,691.5 billion, to VND3,399.2 billion.
In addition, regarding capital sources, as of the end of the third quarter, total short-term debt amounted to VND17,521.2 billion, equivalent to 209.2% of total equity.
It is known that as of September 30, 2026, KAFI Securities had only one major shareholder, Gentle Sun Investments Limited, owning 20% of the charter capital, while the remaining 80% belonged to other shareholders.
Source: VITIC/Bao Tai chinh – Dau tu