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One brokerage firm unexpectedly posted a substantial loss in the first quarter as costs rose sharply. As of Apr 17, 2026, twelve brokerage firms had disclosed their business results for Q1 2026.
Agribank Securities (Agriseco) reported operating revenue of VND 145 billion in Q1 2026, up 39% year over year. The largest component was interest income from lending and receivables, at more than VND 63 billion.
Operating costs declined 8% year over year. Notably, the loss from FVTPL assets fell sharply by 69%. As a result, Agriseco posted a pre-tax profit of VND 55 billion in Q1 2026, up 35% year over year.
EVS Securities was the first to report a hefty loss for the quarter. The firm recorded operating revenue of just over VND 8 billion in Q1, down about 91% year over year.
The main driver was a sharp drop in interest income from FVTPL assets from VND 75 billion in Q1 2025 to just over VND 2 billion in Q1 2026. Interest income from lending and receivables also fell 87% to under VND 3 billion, while brokerage revenue dropped by about half to just over VND 2 billion.
Meanwhile, operating costs rose to VND 188 billion, more than triple the year-ago level, and administrative costs increased by nearly VND 10 billion. EVS therefore posted a pre-tax loss of nearly VND 197 billion, compared with a pre-tax profit of about VND 18 billion in Q1 2025.
Bao Minh Securities (BMSC) reported Q1 pre-tax profit of VND 45 billion, reversing from a loss of VND 14 billion in the same period last year.
Dai Viet Securities reported pre-tax profit of more than VND 4 billion in Q1, compared with a loss of VND 4 billion in Q1 2025.
APG Securities posted a pre-tax profit of VND 6 billion in Q1 2026, down 41% year over year.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
