The financial statements of WSS

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)	54.7	9.2
a. Realised gains on disposals of FVTPL financial assets	4.9	0.8
b. Gains from revaluation of FVTPL financial assets	46.2	5.3
c. Dividends and interest income from FVTPL financial assets	3.5	3.1
1.2. Gains from held to maturity investments	13.3	9.3
1.3. Interest income from loans and receivables	0.2	0.0
1.6. Revenue from brokerage services	0.7	0.5
1.8. Revenue from investment advisory services	9.4	1.2
1.10. Revenue from securities custody services	0.2	0.2
Revenue from securities business (01->11)	78.5	20.5
Net sales	78.5	20.5
2.1. Loss from financial assets at fair value through profit or loss (FVTPL)	23.2	42.7
a. Loss from disposals of financial assets at FVTPL	17.1	4.2
b. Loss from revaluation of financial assets at FVTPL	6.1	38.5
2.4. Selling loss available-for-sale financial assets (AFS)	-0.5	-0.0
2.6. Expenses for proprietary trading activities	0.3	0.3
2.7. Expenses for brokerage services	3.6	2.4
2.9. Expenses for financial advisory services	0.7	0.7
2.11. Expenses for secutiries custodian services	0.2	0.2
Operating expenses (21->33)	27.4	46.3
Gross profit	51.1	-25.8
3.1. Realized and unrealized gain from changes in foreign exchange rates	0.0	0.0
3.2. Dividends, interest income from demand deposits	0.4	0.4
Total financial income (41->44)	0.4	0.4
4.4. Other investment expenses	-0.3	-0.7
Total financial expenses (51->54)	-0.3	-0.7
VI. General and Administrative expenses	6.6	6.9
VII. Net profit from securities business (20+50-40-60-61-62)	45.2	-31.5
8.1. Other incomes	0.4	0.2
8.2. Other expenses	0.0	0.1
Other profit (71-72)	0.4	0.1
IX. Profit before tax (70+80)	45.6	-31.4
9.1. Realised profit	5.5	1.8
9.2. Unrealised profit	40.1	-33.2
XI. Net profit after tax (90-100)	45.6	-31.4
11.1. Profit after tax for shareholders of the parents company	45.6	-31.4
13.1. Earning per share VND per share	907.00	-625.00
Earnings per Share VND per share	906.83	-624.92

Item	2025	2024
A. SHORT-TERM ASSETS (100=110+130)	520.7	453.7
Short-term financial assets	509.4	442.7
1. Cash and cash equivalents	5.6	86.2
1.1. Cash	5.6	86.2
2. Financial assets at fair value through profit or loss (FVTPL)	98.2	102.7
3. Held to maturity investments (HTM)	351.0	186.0
4. Loans	0.8	0.3
5. Available-for-sale financial assets (AFS)	—	73.8
6. Provisions for impairment loss of financial assets and mortgages	—	-7.3
7. Short-term receivables	0.7	0.1
7.2. Receivables and accruals from dividends and interest income	0.7	0.1
7.2.2. Undue dividend and interest receivables	0.7	0.1
Prepayments to suppliers	0.0	0.1
9. Service related receivable	4.3	0.9
12. Other receivables	49.0	0.0
13. Provision for doubtful debts	-0.1	-0.1
II. Other short-term assets	11.3	11.1
1. Advances	0.0	0.0
3. Short-term prepayments	0.6	0.5
Taxes and other receivables from state authorities	9.8	9.8
5. Other short-term assets	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250-260)	14.5	34.4
I. Long-term financial assets	—	19.5
2. Long-term investments	—	19.5
2.5. Other long-term investments	—	19.8
II. Fixed assets	0.8	0.5
1. Tangible fixed assets	0.5	0.5
- Cost	8.6	8.4
- Accumulated depreciation	-8.1	-8.0
3. Intangible fixed assets	0.3	—
- Cost	3.3	2.9
- Accumulated depreciation	-3.0	-2.9
IV. Construction in progress	0.3	0.6
V. Other long-term assets	13.3	13.8
1. Pledged assets, mortgages, security deposits in long term	0.1	0.0
2. Long-term prepayments	8.4	8.9
4. Payment for Settlement Assistance Fund	4.9	4.9
TOTAL ASSETS (270=100+200)	535.2	488.1
A. LIABILITIES (300=310+340)	6.2	4.7
I. Short -term liabilities	6.2	4.7
8. Trade accounts payable	0.0	0.0
9. Advances from customers	2.1	1.1
10. Taxes and other payables to state authorities	0.2	0.1
11. Payable to employees	2.0	1.7
12. Employee welfare payables	0.0	0.0
13. Accrued expenses	0.1	0.1
16. Short-term deposits, collateral received	0.1	0.1
17. Other payables	1.1	1.1
19. Bonus and welfare fund	0.4	0.4
B. OWNER'S EQUITY (400=410+420)	529.1	483.4
I. Owner's equity	529.1	483.4
1. Investment capital from owners	503.0	503.0
1.1. Capital from owners	503.0	503.0
a. Common stock VND per share	503,000,000,000.00	503,000,000,000.00
7. Undistributed earnings after tax	17.7	-27.9
7.1. Realised profits	37.4	32.0
7.2. Unrealised losses	-19.7	-59.9
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400)	535.2	488.1

Item	2025	2024
- Other receipts from operating activities	100.1	182.3
- Other payments for operating activities	-98.2	-78.8
Net cash flows from securities trading activities	-80.5	64.8
1. Payment for fixed assets, constructions and other long-term assets	-0.2	-0.8
Net cash flows from investing activities	-0.2	-0.8
IV. Net cash flows during the period	-80.7	64.0
V. Cash and cash equivalents at begingning of the period	86.2	22.3
Cash and cash equivalents at end of period	5.6	86.2

Item	Q2'26	Q1'26	Q4'25	Q3'25	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)	1.8	8.7	16.7	11.6	23.1	3.3	4.4	2.5	1.1	9.7
a. Realised gains on disposals of FVTPL financial assets	0.1	3.8	0.0	0.0	0.5	0.2	—	0.7	0.0	—
b. Gains from revaluation of FVTPL financial assets	0.4	4.9	14.7	11.6	21.2	3.1	2.4	1.7	—	9.7
c. Dividends and interest income from FVTPL financial assets	1.3	—	2.0	—	1.5	—	2.0	0.1	1.1	—
1.2. Gains from held to maturity investments	6.4	6.0	2.9	3.9	3.2	3.3	2.6	3.1	1.6	2.0
1.3. Interest income from loans and receivables	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	—
1.4. Gains from available-for-sale financial assets (AFS)	—	—	—	—	4.3	—	—	—	—	—
1.6. Revenue from brokerage services	0.5	0.5	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.2
1.7. Revenue from share issue guarantee and agency activities	0.0	—	—	—	—	—	—	—	—	—
1.8. Revenue from investment advisory services	0.2	—	7.8	1.6	—	—	0.0	0.0	0.5	0.7
1.10. Revenue from securities custody services	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.1	0.0
Revenue from securities business (01->11)	9.1	15.3	27.8	17.4	30.9	6.8	7.2	5.8	3.4	12.6
Net sales	9.1	15.3	27.8	17.4	30.9	6.8	7.2	5.8	3.4	12.6
2.1. Loss from financial assets at fair value through profit or loss (FVTPL)	4.3	0.6	16.7	1.2	8.2	1.6	3.3	12.2	5.0	30.8
a. Loss from disposals of financial assets at FVTPL	0.1	0.3	13.8	0.1	2.9	0.3	—	—	0.1	4.1
b. Loss from revaluation of financial assets at FVTPL	4.2	0.4	2.9	1.1	5.3	1.3	3.3	12.2	4.9	26.7
2.4. Selling loss available-for-sale financial assets (AFS)	—	—	2.0	4.8	—	—	—	—	—	—
(Reversal)/provision expenses for diminution in value and impairment of financial assets and doubtful debts and borrowing costs of loans	—	—	—	-2.1	-5.3	—	—	—	—	—
2.6. Expenses for proprietary trading activities	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
2.7. Expenses for brokerage services	0.9	0.7	0.7	1.5	0.9	0.6	0.6	0.6	0.7	1.1
2.9. Expenses for financial advisory services	0.1	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2	0.2
2.11. Expenses for secutiries custodian services	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
Operating expenses (21->33)	5.4	1.6	19.8	5.5	4.0	2.4	4.2	13.0	6.0	32.2
Gross profit	3.6	13.8	8.0	11.8	26.8	4.3	3.0	-7.2	-2.6	-19.6
3.1. Realized and unrealized gain from changes in foreign exchange rates	—	—	0.0	—	—	—	0.0	—	0.0	—
3.2. Dividends, interest income from demand deposits	0.0	0.0	0.2	0.0	0.0	0.0	0.1	0.0	0.1	0.0
Total financial income (41->44)	0.0	0.0	0.2	0.0	0.0	0.0	0.1	0.0	0.1	0.0
4.4. Other investment expenses	—	—	—	—	-0.3	—	—	—	—	—
Total financial expenses (51->54)	—	—	—	—	-0.3	—	—	—	—	—
VI. General and Administrative expenses	1.7	1.8	2.0	1.6	1.6	1.5	1.9	1.6	1.7	1.6
VII. Net profit from securities business (20+50-40-60-61-62)	1.9	12.0	6.2	10.3	25.6	2.9	1.2	-8.8	-4.2	-21.2
8.1. Other incomes	0.2	0.2	0.2	0.2	0.0	0.0	0.0	0.0	0.0	0.0
8.2. Other expenses	—	—	0.0	0.0	—	—	—	—	0.0	0.1
Other profit (71-72)	0.2	0.2	0.2	0.2	0.0	0.0	0.0	0.0	0.0	-0.0
IX. Profit before tax (70+80)	2.1	12.2	6.3	10.4	25.6	2.9	1.2	-8.8	-4.2	-21.3
9.1. Realised profit	5.9	7.6	-5.5	-0.1	5.4	1.1	2.1	—	—	-4.3
9.2. Unrealised profit	-3.8	4.5	11.8	10.5	20.2	1.8	-0.9	-10.4	—	-17.0
XI. Net profit after tax (90-100)	2.1	12.2	6.3	10.4	25.6	2.9	1.2	-8.8	-4.2	-21.3
11.1. Profit after tax for shareholders of the parents company	2.1	12.2	6.3	10.4	25.6	2.9	1.2	-8.8	-4.2	-21.3
Earnings per Share VND per share	41.60	241.89	125.97	207.09	508.96	58.34	23.78	-173.97	-83.38	-422.76

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
A. SHORT-TERM ASSETS (100=110+130)	579.7	533.6	520.7	514.0	502.7	457.2	454.1	452.6	460.6	464.0
Short-term financial assets	568.0	521.8	509.4	502.6	491.2	445.7	443.1	441.5	449.4	452.9
1. Cash and cash equivalents	47.2	7.1	5.6	375.7	91.6	1.2	86.2	1.5	93.7	0.4
1.1. Cash	47.2	7.1	5.6	1.8	91.6	1.2	86.2	1.5	93.7	0.4
1.2. Cash equivalents	—	—	—	373.9	—	—	—	—	—	—
2. Financial assets at fair value through profit or loss (FVTPL)	126.5	75.8	98.2	119.8	105.6	102.6	102.7	103.6	114.9	120.1
3. Held to maturity investments (HTM)	258.9	379.8	351.0	—	125.2	271.0	186.0	265.2	172.4	210.4
4. Loans	88.9	2.8	0.8	2.5	1.7	0.1	0.3	0.2	0.7	—
5. Available-for-sale financial assets (AFS)	49.0	49.0	49.0	3.0	13.8	73.8	73.8	73.8	73.8	73.8
6. Provisions for impairment loss of financial assets and mortgages	—	—	—	—	-2.0	-7.3	-6.8	-6.8	-7.3	-7.3
7. Short-term receivables	-3.5	6.7	0.7	0.8	0.0	3.4	0.1	3.2	0.1	2.0
7.2. Receivables and accruals from dividends and interest income	-3.5	6.7	0.7	0.8	0.0	3.4	0.1	3.2	0.1	2.0
7.2.2. Undue dividend and interest receivables	-3.5	6.7	0.7	0.8	0.0	3.4	0.1	3.2	0.1	2.0
Prepayments to suppliers	0.0	0.0	0.0	0.2	0.1	0.1	0.1	0.1	0.0	52.4
9. Service related receivable	1.1	0.8	4.3	0.8	0.8	0.9	0.9	0.8	1.3	1.2
12. Other receivables	0.0	0.0	0.0	0.0	154.5	0.0	0.0	0.0	0.0	0.0
13. Provision for doubtful debts	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
II. Other short-term assets	11.7	11.8	11.3	11.4	11.5	11.6	11.0	11.1	11.1	11.2
1. Advances	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Short-term prepayments	0.9	1.0	0.6	0.7	0.8	0.9	0.5	0.6	0.7	0.8
Taxes and other receivables from state authorities	9.8	9.8	9.8	9.8	9.8	9.8	9.8	9.8	9.8	9.8
5. Other short-term assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250-260)	14.0	14.2	14.2	14.2	14.3	34.0	33.5	33.6	33.1	33.5
I. Long-term financial assets	—	—	—	—	—	19.8	19.8	19.8	19.8	19.8
2. Long-term investments	—	—	—	—	—	19.8	19.8	19.8	19.8	19.8
2.5. Other long-term investments	—	—	—	—	—	19.8	19.8	19.8	19.8	19.8
II. Fixed assets	0.7	0.8	0.8	0.7	0.4	0.4	0.5	0.6	0.6	0.5
1. Tangible fixed assets	0.4	0.4	0.5	0.4	0.4	0.4	0.5	0.5	0.6	0.5
- Cost	8.6	8.6	—	—	—	—	—	—	—	—
- Accumulated depreciation	-8.2	-8.2	—	—	—	—	—	—	—	—
3. Intangible fixed assets	0.3	0.3	0.3	0.3	-0.0	-0.0	0.0	0.0	—	—
- Cost	3.3	3.3	—	—	—	—	—	—	—	—
- Accumulated depreciation	-3.0	-3.0	—	—	—	—	—	—	—	—
IV. Construction in progress	0.3	0.3	0.3	0.3	0.6	0.6	—	—	—	—
V. Other long-term assets	12.9	13.0	13.1	13.2	13.3	13.4	13.5	13.6	13.8	14.3
1. Pledged assets, mortgages, security deposits in long term	0.0	0.0	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.3
2. Long-term prepayments	8.2	8.3	8.4	8.5	8.6	8.7	8.9	9.0	9.1	9.2
4. Payment for Settlement Assistance Fund	4.7	4.7	4.7	4.7	4.7	4.7	4.6	4.6	4.6	4.8
5. Other long-term assets	0.0	0.0	—	—	—	—	—	—	—	—
TOTAL ASSETS (270=100+200)	593.7	547.7	535.0	528.2	517.0	491.2	487.6	486.2	493.7	497.6
A. LIABILITIES (300=310+340)	50.4	6.5	6.2	5.7	5.0	4.8	4.7	4.4	4.3	3.9
I. Short -term liabilities	50.4	6.5	6.0	5.6	4.9	4.7	4.6	4.4	4.2	3.9
8. Trade accounts payable	43.8	0.0	0.0	0.0	0.2	0.2	0.0	0.0	0.0	0.0
9. Advances from customers	2.4	2.5	2.1	1.9	1.3	1.2	1.1	1.0	1.0	0.9
10. Taxes and other payables to state authorities	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0
11. Payable to employees	2.0	1.9	2.0	1.7	1.6	1.6	1.7	1.5	1.4	1.2
12. Employee welfare payables	0.1	0.1	0.0	0.1	0.1	0.1	0.0	0.1	0.1	0.1
13. Accrued expenses	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
16. Short-term deposits, collateral received	0.1	0.1	—	—	—	—	—	—	—	—
17. Other payables	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1
19. Bonus and welfare fund	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
II. Long-term liabilities	—	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
B. OWNER'S EQUITY (400=410+420)	543.3	541.2	528.8	522.5	512.0	486.4	482.9	481.7	489.4	493.6
I. Owner's equity	543.3	541.2	528.8	522.5	512.0	486.4	482.9	481.7	489.4	493.6
1. Investment capital from owners	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0
1.1. Capital from owners	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0	503.0
a. Common stock VND per share	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00	503,000,000,000.00
7. Undistributed earnings after tax	32.0	29.9	17.4	11.1	0.6	-25.0	-28.4	-29.6	-21.9	-17.7
7.1. Realised profits	51.0	45.1	37.2	42.6	38.4	33.0	31.4	29.4	26.6	25.9
7.2. Unrealised losses	-19.0	-15.2	-19.8	-31.5	-37.8	-58.0	-59.9	-59.0	-48.5	-43.6
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400)	593.7	547.7	535.0	528.2	517.0	491.2	487.6	486.2	493.7	497.6

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24
- Other receipts from operating activities	42.7	-45.0	100.7	-9.9	6.9	2.4	10.2	143.1	29.0
- Other payments for operating activities	-98.8	-8.9	-15.6	-0.0	-77.8	-4.8	-10.6	-64.7	-3.5
Net cash flows from securities trading activities	40.1	1.6	-85.9	-125.2	215.6	-85.0	-7.0	93.5	-21.8
1. Payment for fixed assets, constructions and other long-term assets	0.0	-0.0	-0.2	—	—	—	-0.5	-0.2	-0.1
Net cash flows from investing activities	0.0	-0.0	-0.2	—	—	—	-0.5	-0.2	-0.1
IV. Net cash flows during the period	40.1	1.5	-86.1	-125.2	215.6	-85.0	-7.5	93.3	-21.9
V. Cash and cash equivalents at begingning of the period	7.1	5.6	91.6	216.8	1.2	86.2	22.3	0.4	22.3
Cash and cash equivalents at end of period	47.2	7.1	5.6	91.6	216.8	1.2	86.2	93.7	0.4

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