Techcom Securities (TCX) Q3 2024 earnings summary

Executive summary

• Total assets reached VND 49.87 trillion as of 30 September 2024, up from VND 43.79 trillion at year-end 2023.

• Owners' equity increased to VND 25.59 trillion, reflecting strong profit growth and capital injections.

• Profit before tax for the nine months was VND 3.87 trillion, up 80% year-over-year.

• Profit after tax reached VND 3.10 trillion, a significant increase from VND 1.69 trillion in the prior year period.

Financial highlights

• Operating income for the nine months was VND 5.77 trillion, up from VND 3.16 trillion year-over-year.

• Net cash used in operating activities was VND 2.32 trillion, a reduction in outflow compared to the prior year.

• Cash and cash equivalents at period end were VND 3.27 trillion, down from VND 4.58 trillion at year-end 2023.

• Total liabilities increased to VND 24.28 trillion, mainly due to higher short-term borrowings and bonds issued.

• Share capital rose to VND 2.18 trillion after a new share issuance.

Outlook and guidance

• The company continues to focus on expanding its brokerage, proprietary trading, and advisory services.

• Investment restrictions and compliance with regulatory capital requirements remain a priority.