SSI Reports Record 2025 Profit, 10% Dividend and 5:1 Bonus Share Issue

Overview

SSI Securities Corporation (SSI) reported record 2025 financial results with revenue and pre-tax profit growing 51% and 43% year-on-year, respectively. The company announced a 10% cash dividend and a capital increase plan via a 5:1 bonus share issue, aiming to raise charter capital to VND 30,000 billion. This performance underscores SSI’s leading position in Vietnam’s securities sector amid favorable market conditions.

Key Facts

• SSI’s 2025 revenue reached VND 13,112 billion, up 51% year-on-year, while pre-tax profit hit VND 5,083 billion, up 43%.
• The company’s average monthly salary per employee was approximately VND 65 million, higher than VietinBank (VND 53.6M), BIDV (VND 50.9M), MB (VND 49.9M), and Vietcombank (VND 47.7M).
• SSI plans a 10% cash dividend for 2025, paying VND 1,000 per share, with a total expected payout of over VND 2,500 billion.
• A 5:1 bonus share issue is proposed, issuing 500.6 million new shares to increase charter capital to VND 30,000 billion.
• Total assets stood at VND 94,050 billion and equity at VND 31,054 billion as of December 31, 2025, up 28% and 20% from end-2024.
• For 2026, SSI targets consolidated revenue of VND 15,660 billion (+21% from 2025) and pre-tax profit of VND 5,838 billion (+15%).
• The Annual General Meeting of Shareholders is scheduled for April 23, 2026, to approve these plans.

What Happened

According to its 2025 annual report, SSI achieved record revenue and pre-tax profit, driven by strong market activity. The company attributed its performance to a bullish stock market, with the VN-Index expected to fluctuate around 1,800 points and average daily liquidity of about VND 28,500 billion per session. SSI’s high average salary of VND 65 million per month per employee reflects its competitive compensation strategy, which exceeds that of major state-owned banks like Vietcombank, BIDV, and VietinBank.

In related developments, SSI’s Board of Directors has submitted proposals for the 2026 AGM, including the dividend and capital increase plans. The bonus share issue, at a 5:1 ratio, aims to bolster capital without restricting share transferability. Additionally, SSI plans an ESOP issuance of up to 10 million shares at VND 10,000 per share in 2026, with 50% of these shares to be allocated, as per the disclosed documents.

Market Context

SSI, listed on the Ho Chi Minh Stock Exchange (HOSE), closed at VND 29 on April 15, 2026, with a slight gain of 0.17% and volume of 22.2 million shares. The stock’s performance aligns with broader positive sentiment in Vietnam’s financial services sector, where securities firms have benefited from increased trading volumes and market capitalization growth. SSI’s leading asset size of VND 94,050 billion reinforces its dominance in the industry, potentially attracting investor interest amid ongoing market expansion.

Strategic Significance

The news highlights SSI’s operational efficiency and aggressive growth strategy, leveraging high profitability to reward shareholders and strengthen its capital base. The 5:1 bonus share issue not only increases liquidity but also positions SSI for future expansions and competitive advantages in a consolidating market. The above-market salary levels suggest a focus on talent retention, which could sustain performance in volatile periods, while the 2026 targets indicate confidence in continued market momentum.

What to Watch

• Approval of the 10% cash dividend and 5:1 bonus share issue at the AGM on April 23, 2026.
• Implementation of the ESOP plan for 2026, including pricing and allocation details.
• Quarterly earnings releases to track progress toward the 2026 revenue target of VND 15,660 billion and pre-tax profit target of VND 5,838 billion.
• Market liquidity trends and VN-Index movements, as SSI’s performance is closely tied to overall stock market conditions.
• Regulatory updates on capital requirements or sector policies that could impact securities firms like SSI.