A securities company reports record profits in Q1 2025, margin debt increases by 1.2 trillion after 3 months

MBS Securities Corporation reported its Q1 2025 results with positive indicators despite a slight 1% revenue drop to 669 billion VND. Earnings from financial assets decreased by 10%, and brokerage revenue fell by 28%. However, income from loans and held assets increased, leading to a 48% rise in pre-tax profits to 339 billion VND, with a record net profit of 269 billion VND. Operating costs decreased significantly by 59%, largely due to the reversal of provision costs. MBS has completed 26% of its profit target for 2025, aiming for 1.3 trillion VND. By January 31, 2025, margin loans reached 11.33 trillion VND, up 1.2 trillion, the highest ever.