In its first quarter financial report, Dragon Capital Vietnam (DCV) recorded revenue of nearly 287 billion VND, an increase of almost 19% compared to the same period. The majority of this revenue came from securities investment advisory activities and investment fund management, as well as securities investment companies. As the company incurred no cost of goods sold, this figure also represents its gross profit.

DCV also generated an additional 30,6 billion VND in financial activities revenue, a nearly 7,5-fold increase compared to Q1 2025. This amount primarily consisted of financial investment profits. According to the report, the company currently holds nearly 483 billion VND in short-term financial investments in fund certificates. The remaining portion came from interest on deposits, deposit certificates, and other financial activities.

During this period, financial costs decreased by 43% to 3,2 billion VND. The majority of this reduction was due to provisions for investment depreciation. Meanwhile, corporate management expenses saw a slight increase of 0,3%, reaching 195,5 billion VND.

In total, Dragon Capital Vietnam reported an after-tax profit of approximately 94,6 billion VND. This figure is 2,6 times higher than the same period last year and represents its highest profit in three years. Cumulative after-tax profit reached over 535 billion VND.

The company's total assets amounted to nearly 1.046 billion VND, an increase of almost 2%. The largest components were short-term financial investments, cash, and cash equivalents, totaling over 220 billion VND. By the end of March, domestic and international investors had entrusted Dragon Capital with portfolios valued at approximately 1.617 billion VND, calculated at purchase price. Additionally, the company received over 270 billion VND in deposits from entrusted investors.

Dragon Capital is the first company specializing in domestic fund management in Vietnam, established in 2003. Its core business involves managing securities investment funds and investment portfolios. The company has been instrumental in introducing various fund certificate products, including: closed-end funds, open-end funds, and exchange-traded funds (ETFs). Furthermore, they invest in the private sector and participate in the equitization process of state-owned enterprises.

By the end of last year, the company advised on and managed approximately 140.000 billion VND (5,4 billion USD). It stands as one of the leading public fund management companies in the market, both in terms of the number of funds and the scale of its total net asset value (NAV).

DCV shares were listed on UPCoM in mid-January. Currently, the stock trades at 150.000 VND per unit. While its market price has adjusted down by nearly 45% from its peak of 270.000 VND at the end of January, it still represents a significant increase compared to the reference price of 68.000 VND on its initial trading day. DCV exhibits low liquidity, with only a few hundred shares typically traded each session.

Tat Dat