TCBS Reports Record Q3 Profit: Over $90 Million in Earnings

Vietnam's Techcom Securities Joint Stock Company (TCBS) has announced a record pre-tax profit of approximately 2,152 billion VND ($90 million) for the third quarter of 2026, marking the highest quarterly earnings in the company's history. This figure represents a 13% increase compared to the same period in 2025, contributing to a total pre-tax profit of 5,708 billion VND ($240 million) for the first nine months of the year, achieving 76% of its annual profit target.

According to the financial report, TCBS's growth has been significantly driven by its margin lending and advance payment services, which generated a net income of 1,548 billion VND ($64 million) in Q3, a 55% increase year-on-year. The total outstanding margin loans reached 54,740 billion VND ($2.3 billion), up 25% from the end of 2025 and 6% from the end of Q2 2026, indicating the firm's strong position in the market.

“TCBS said the results reflect the effectiveness of its diverse business model and its ability to adapt to changing market conditions.”TCBS Executive, Company Statement

Despite a challenging environment characterized by high interest rates affecting brokerage and custodial activities, TCBS managed to maintain a solid market presence. The company achieved a market share of over 10% on the Ho Chi Minh Stock Exchange (HOSE), placing it among the top three brokerage firms, while its share on the Hanoi Stock Exchange (HNX) grew to nearly 10%, securing the second position.

In terms of investment banking, TCBS reported a net income of 740 billion VND ($31 million), reflecting a 45% increase from the previous year. The total value of bonds issued during the quarter reached nearly 29.7 trillion VND ($1.25 billion), capturing 46% of the corporate bond market share, excluding bank bonds. This growth highlights TCBS's strong advisory and capital arrangement capabilities in a rapidly evolving capital market.

Additionally, TCBS has been proactive in diversifying its product offerings. The company launched the TCBS MCP, an AI-driven platform that provides real-time market data and in-depth analysis, enhancing the investment research experience for users. The platform's introduction aligns with TCBS's ongoing strategy to integrate AI into its operations, having already implemented over 1,100 technology initiatives this year.

“TCBS stated its growth in margin lending demonstrates a strong customer base and commitment to providing flexible financial solutions.”TCBS Executive, Company Statement

As of September 30, 2026, TCBS's total assets reached 96,974 billion VND ($4.1 billion), a 20% increase from the end of 2025. The company's equity rose 7% to 47,406 billion VND ($2 billion).

TCBS's commitment to expanding its international funding sources is evident, with over 46.9 trillion VND ($1.98 billion) in outstanding loans, of which international loans constitute 54%. This includes a significant three-year unsecured loan of $60 million from Standard Chartered Bank, marking a milestone for a Vietnamese securities firm in accessing long-term international capital.