The financial statements of HBS

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2025	2024
1.1. Gains from financial assets at fair value through profit or loss (FVTPL)	—	3.7
a. Realised gains on disposals of FVTPL financial assets	—	3.7
b. Gains from revaluation of FVTPL financial assets	—	0.0
c. Dividends and interest income from FVTPL financial assets	—	0.0
1.2. Gains from held to maturity investments	—	14.4
1.6. Revenue from brokerage services	—	0.3
1.10. Revenue from securities custody services	0.9	—
1.11. Other revenue	—	10.7
Revenue from securities business (01->11)	0.9	29.0
Net sales	0.9	29.0
2.1. Loss from financial assets at fair value through profit or loss (FVTPL)	—	1.1
b. Loss from revaluation of financial assets at FVTPL	—	1.1
2.7. Expenses for brokerage services	—	4.8
2.11. Expenses for secutiries custodian services	0.1	0.2
Operating expenses (21->33)	0.1	6.1
Gross profit	0.7	22.9
3.2. Dividends, interest income from demand deposits	5.5	0.7
Total financial income (41->44)	5.5	0.7
4.4. Other investment expenses	—	-0.1
Total financial expenses (51->54)	—	-0.1
VI. General and Administrative expenses	9.4	11.1
VII. Net profit from securities business (20+50-40-60-61-62)	-3.2	12.6
8.1. Other incomes	9.1	0.0
8.2. Other expenses	—	0.3
Other profit (71-72)	9.1	-0.3
IX. Profit before tax (70+80)	5.9	12.3
9.1. Realised profit	5.9	13.4
9.2. Unrealised profit	—	-1.1
CORPORATE INCOME TAX	1.2	2.5
10.1. Current corporate income tax expenses	1.2	2.7
10.2. Deferred income tax expenses	—	-0.2
XI. Net profit after tax (90-100)	4.7	9.8
11.1. Profit after tax for shareholders of the parents company	4.7	9.8
13.1. Earning per share VND per share	143.00	282.00
Earnings per Share VND per share	143.44	296.86

Item	2025	2024
A. SHORT-TERM ASSETS (100=110+130)	330.3	319.8
Short-term financial assets	330.3	318.2
1. Cash and cash equivalents	19.8	12.8
1.1. Cash	19.8	12.8
2. Financial assets at fair value through profit or loss (FVTPL)	—	2.0
3. Held to maturity investments (HTM)	306.3	296.9
7. Short-term receivables	—	3.5
7.2. Receivables and accruals from dividends and interest income	—	3.5
7.2.1. Due dividend and interest receivables	—	3.5
Prepayments to suppliers	—	0.1
12. Other receivables	4.2	2.9
II. Other short-term assets	—	1.6
1. Advances	—	0.0
3. Short-term prepayments	—	1.5
B. LONG-TERM ASSETS (200=210+220+240+250-260)	46.1	49.1
I. Long-term financial assets	8.4	6.5
2. Long-term investments	8.4	6.5
2.5. Other long-term investments	8.4	8.4
II. Fixed assets	—	1.4
1. Tangible fixed assets	—	0.0
- Cost	18.4	18.4
- Accumulated depreciation	-18.4	-18.4
3. Intangible fixed assets	—	1.4
- Cost	20.8	20.8
- Accumulated depreciation	-20.8	-19.4
III. Investment property	26.9	28.8
- Cost	76.9	76.9
- Accumulated depreciation	-50.0	-48.0
V. Other long-term assets	10.9	12.4
1. Pledged assets, mortgages, security deposits in long term	—	0.2
2. Long-term prepayments	—	0.7
3. Deferred income tax assets	—	0.6
4. Payment for Settlement Assistance Fund	10.9	11.0
TOTAL ASSETS (270=100+200)	376.4	368.9
A. LIABILITIES (300=310+340)	29.9	6.1
I. Short -term liabilities	29.9	6.1
6. Payables to securities trading activities	—	0.0
8. Trade accounts payable	—	0.3
10. Taxes and other payables to state authorities	1.2	2.0
11. Payable to employees	—	1.2
12. Employee welfare payables	—	0.2
13. Accrued expenses	—	0.2
17. Other payables	28.8	0.8
19. Bonus and welfare fund	—	1.3
B. OWNER'S EQUITY (400=410+420)	346.5	362.8
I. Owner's equity	346.5	362.8
1. Investment capital from owners	330.0	330.0
1.1. Capital from owners	330.0	330.0
a. Common stock VND per share	329,999,800,000.00	329,999,800,000.00
4. Supplementary capital reserve	5.9	5.9
7. Undistributed earnings after tax	4.7	21.1
7.1. Realised profits	4.7	20.3
7.2. Unrealised losses	—	0.7
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400)	376.4	368.9

Item	2025	2024
- Other receipts from operating activities	3.1	15.0
- Other payments for operating activities	-4.2	-11.5
Net cash flows from securities trading activities	-1.9	58.8
7. Dividends, interest and profit received	9.1	0.5
Net cash flows from investing activities	9.1	0.5
6. Dividends paid, profits distributed to owners	—	-62.0
Net cash flows from financing activities	—	-62.0
IV. Net cash flows during the period	7.2	-2.7
V. Cash and cash equivalents at begingning of the period	12.6	15.5
Cash and cash equivalents at end of period	19.8	12.8

Item	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
1.1. Gains from financial assets at fair value through profit or loss (FVTPL)	2.1	0.8	0.0	0.1	2.6	2.4
a. Realised gains on disposals of FVTPL financial assets	—	—	—	—	3.7	—
b. Gains from revaluation of FVTPL financial assets	2.1	0.8	0.0	0.1	-1.1	2.4
c. Dividends and interest income from FVTPL financial assets	0.0	0.0	0.0	0.0	0.0	0.0
1.2. Gains from held to maturity investments	3.5	3.0	3.0	3.2	3.1	4.3
1.6. Revenue from brokerage services	0.1	0.1	0.0	0.1	0.0	0.1
1.11. Other revenue	3.3	2.9	2.9	2.7	2.7	2.4
Revenue from securities business (01->11)	9.0	6.9	6.0	6.1	8.4	9.2
Net sales	9.0	6.9	6.0	6.1	8.4	9.2
2.1. Loss from financial assets at fair value through profit or loss (FVTPL)	0.0	0.0	0.3	0.5	0.0	—
b. Loss from revaluation of financial assets at FVTPL	0.0	0.0	0.3	0.5	0.0	—
2.7. Expenses for brokerage services	1.2	1.2	1.2	1.2	1.2	1.2
2.11. Expenses for secutiries custodian services	0.1	0.0	0.0	0.1	0.1	0.0
Operating expenses (21->33)	1.3	1.3	1.5	1.8	1.3	1.2
Gross profit	7.7	5.6	4.4	4.3	7.1	7.9
3.2. Dividends, interest income from demand deposits	0.1	0.0	—	—	0.8	0.0
Total financial income (41->44)	0.1	0.0	—	—	0.8	0.0
VI. General and Administrative expenses	2.8	2.6	3.1	2.3	3.2	2.1
VII. Net profit from securities business (20+50-40-60-61-62)	5.0	3.1	1.3	2.1	4.7	5.9
8.1. Other incomes	—	0.0	0.0	—	0.0	0.0
8.2. Other expenses	0.0	0.0	0.0	0.2	—	0.1
Other profit (71-72)	-0.0	-0.0	-0.0	-0.2	0.0	-0.1
IX. Profit before tax (70+80)	5.0	3.1	1.3	1.9	4.7	5.8
9.1. Realised profit	2.9	2.3	1.6	2.3	5.8	3.4
9.2. Unrealised profit	2.1	0.8	-0.3	-0.4	-1.1	2.4
CORPORATE INCOME TAX	1.0	0.6	0.3	0.4	1.3	1.2
10.1. Current corporate income tax expenses	0.6	0.5	0.3	0.5	1.2	0.7
10.2. Deferred income tax expenses	0.4	0.2	-0.1	-0.1	0.1	0.5
XI. Net profit after tax (90-100)	4.0	2.5	1.0	1.5	3.4	4.6
11.1. Profit after tax for shareholders of the parents company	4.0	2.5	1.0	1.5	3.4	4.6
13.1. Earning per share VND per share	121.00	74.00	32.00	46.00	76.00	140.00
Earnings per Share VND per share	121.48	74.48	31.51	45.82	103.04	140.24

Item	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
A. SHORT-TERM ASSETS (100=110+130)	327.1	321.1	319.8	319.7	381.0	377.0
Short-term financial assets	326.5	319.1	318.2	317.1	380.0	375.6
1. Cash and cash equivalents	14.3	17.1	12.8	4.4	27.5	14.9
1.1. Cash	5.7	8.5	12.8	4.4	10.5	2.9
1.2. Cash equivalents	8.6	8.5	—	—	17.0	12.0
2. Financial assets at fair value through profit or loss (FVTPL)	4.1	2.8	2.0	2.3	4.3	10.2
3. Held to maturity investments (HTM)	298.3	292.6	296.9	296.8	340.4	340.4
7. Short-term receivables	2.1	3.0	3.5	5.2	2.1	5.2
7.2. Receivables and accruals from dividends and interest income	2.1	3.0	3.5	5.2	2.1	5.2
7.2.2. Undue dividend and interest receivables	2.1	3.0	3.5	5.2	2.1	5.2
Prepayments to suppliers	0.4	0.1	0.1	0.1	0.0	0.1
12. Other receivables	7.2	3.4	2.9	8.3	5.6	4.9
II. Other short-term assets	0.7	2.0	1.6	2.6	1.0	1.4
1. Advances	0.0	0.0	0.0	0.0	0.0	0.0
3. Short-term prepayments	0.6	2.0	1.5	2.5	0.9	1.3
B. LONG-TERM ASSETS (200=210+220+240+250-260)	46.0	47.9	48.5	50.0	50.0	51.0
I. Long-term financial assets	6.5	6.5	6.4	6.4	6.4	6.4
2. Long-term investments	6.5	6.5	6.4	6.4	6.4	6.4
2.3. Investments in associates, joint-ventures	—	—	2.9	2.9	2.9	2.9
2.5. Other long-term investments	8.4	8.4	5.4	5.4	5.4	5.4
II. Fixed assets	0.6	1.0	1.4	1.9	2.3	2.7
1. Tangible fixed assets	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.6	1.0	1.4	1.8	2.3	2.7
III. Investment property	27.9	28.3	28.8	29.8	29.8	30.3
V. Other long-term assets	11.1	12.1	11.8	11.9	11.5	11.6
1. Pledged assets, mortgages, security deposits in long term	0.2	0.2	0.2	0.2	0.2	0.2
2. Long-term prepayments	0.4	0.5	0.7	0.8	1.0	1.2
3. Deferred income tax assets	0.2	0.4	0.6	0.5	—	-0.1
4. Payment for Settlement Assistance Fund	10.4	11.0	10.4	10.4	10.4	10.4
TOTAL ASSETS (270=100+200)	373.1	369.1	368.3	369.7	431.0	428.0
A. LIABILITIES (300=310+340)	4.5	3.8	4.5	8.0	69.9	3.5
I. Short -term liabilities	4.5	3.8	4.5	8.0	69.7	3.5
6. Payables to securities trading activities	0.0	0.0	0.0	0.0	0.0	0.0
8. Trade accounts payable	0.4	0.3	0.3	0.4	0.3	0.3
10. Taxes and other payables to state authorities	1.1	0.5	0.8	4.8	1.1	1.8
11. Payable to employees	0.5	0.4	0.9	0.4	0.4	0.4
12. Employee welfare payables	0.2	0.2	0.2	0.2	0.2	0.2
13. Accrued expenses	0.1	0.2	0.1	0.1	0.2	0.2
17. Other payables	0.9	0.8	0.8	0.9	66.0	—
19. Bonus and welfare fund	1.2	1.3	1.3	1.4	1.4	0.5
II. Long-term liabilities	—	—	—	—	0.2	—
14. Deferred income tax liabilities	—	—	—	—	0.2	—
B. OWNER'S EQUITY (400=410+420)	368.7	365.3	363.8	361.7	361.1	424.6
I. Owner's equity	368.7	365.3	363.8	361.7	361.1	424.6
1. Investment capital from owners	330.0	330.0	330.0	330.0	330.0	330.0
1.1. Capital from owners	330.0	330.0	330.0	330.0	330.0	330.0
a. Common stock VND per share	329,999,800,000.00	329,999,800,000.00	329,999,800,000.00	329,999,800,000.00	329,999,800,000.00	329,999,800,000.00
4. Supplementary capital reserve	5.9	5.9	5.9	5.9	5.9	5.0
7. Undistributed earnings after tax	26.9	23.5	22.0	19.9	19.3	84.6
7.1. Realised profits	24.3	22.2	21.5	19.1	16.5	80.6
7.2. Unrealised losses	2.6	1.4	0.5	0.8	2.8	4.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400)	373.1	369.1	368.3	369.7	431.0	428.0

Item	Q4'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
- Other receipts from operating activities	0.1	0.1	2.9	-41.8	51.4	1.6	3.7
- Other payments for operating activities	-0.7	-1.5	-2.0	99.2	-107.2	-2.2	-1.3
Net cash flows from securities trading activities	-2.8	-3.4	4.3	69.9	-23.1	12.5	-0.6
7. Dividends, interest and profit received	8.5	0.6	—	0.5	—	—	—
Net cash flows from investing activities	8.5	0.6	—	0.5	—	—	—
6. Dividends paid, profits distributed to owners	—	—	—	-62.0	—	—	—
Net cash flows from financing activities	—	—	—	-62.0	—	—	—
IV. Net cash flows during the period	5.7	-2.8	4.3	8.4	-23.1	12.5	-0.6
V. Cash and cash equivalents at begingning of the period	12.6	17.1	12.8	4.4	27.5	14.9	15.5
Cash and cash equivalents at end of period	19.8	14.3	17.1	12.8	4.4	27.5	14.9

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