)
Bright Smart Securities & Commodities Group (1428) investor relations material
Bright Smart Securities & Commodities Group Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased by 3.7% year-over-year to HK$1,008.3 million, with net profit after tax rising 8.5% to HK$670.2 million and EPS up 8.5% to 39.49 HK cents.
Total client accounts grew 4.2% to 611,870, and client assets surged 31.6% to HK$84.5 billion.
The Group completed a change in control, with Ant Group Co., Ltd. now holding 50.63% ownership.
Financial highlights
Brokerage commission income from securities rose 29.2% year-over-year, while futures and commodities brokerage fell 27.0%.
Interest income from margin financing decreased 5.1% despite a 25.8% increase in average daily margin borrowing.
Operating expenses dropped 14.9% to HK$581.0 million, boosting net profit margin to 66.5%.
Finance costs decreased 27.8% to HK$154.1 million.
No final dividend was declared for the year.
Outlook and guidance
New management plans to invest in technology and compliance, aiming for operational upgrades and enhanced customer experience.
The Hong Kong IPO market is expected to remain active, with continued growth in business and service quality anticipated.
- Revenue and profit rose on strong brokerage; change of control pending.1428
Q2 202615 Dec 2025 - Net profit up 8% to HK$147M, driven by customer growth and market recovery.1428
Q1 20254 Dec 2025 - Net profit up 10.6% to HK$617.6M; no final dividend; gearing ratio rose to 291.0%.1428
Q4 20254 Dec 2025 - Net profit rose 2.9% to HK$312.0 million despite a 6.0% revenue decline, with robust client growth.1428
Q2 20254 Dec 2025 - Net profit dropped 10% as revenue fell, but margin financing income surged 41.6%.1428
Q4 20244 Dec 2025 - Net profit dropped 10% as revenue fell, but margin financing income surged 41.6%.1428
Q4 202313 Jun 2025 - Net profit up 8% to HK$147 million, with strong customer growth and improved trading momentum.1428
Q1 202413 Jun 2025 - Net profit up 8% to HK$476M amid record trading volumes and cautious optimism for 2025.1428
Q3 20246 Jun 2025 - Net profit up 8% to HK$476M as trading and client growth accelerate amid market recovery.1428
Q3 20256 Jun 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)