Information Required of Brokers and Dealers (Form X-17A-5)

Report for the Period Beginning	08-01-2024
and Ending	07-31-2025
Type of Registrant	Broker-dealer
	OTC derivatives dealer

Material Weakness
Does this submission include an accountant's report covering the compliance report that indentifies one or more material weaknesses?	Yes No

Name of Broker-dealer

FIRST DALLAS SECURITIES, INC.

Address of Principal Place of Business (Do not use P.O. Box No.)

Address 1	2905 MAPLE AVENUE
City	DALLAS
State/Country	TEXAS
Mailing Zip/ Portal Code	75201

Name and Telephone Number of Person to Contact in Regard to this Report

Name	Charmagne Darabadey
Telephone Number	214-665-9103

Independent Public Accountant

Name - if individual, state last, first, and middle name	Baker Tilly US LLP
Address 1	14555 Dallas Parkway, Suite 300, Dallas,
City	Dallas
State/Country	TEXAS
Mailing Zip/ Postal Code	75254
Check One	Certified Public Accountant Certified Public Accountant not resident in United States or any of its possessions

Oath or Affirmation

I, Craig Hodges, swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of FIRST DALLAS SECURITIES, INC., as of 07-31-2025, are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

Signature	Craig Hodges
Title	President

Notary Public

Checking this box acknowledges that this oath or affirmation has been notarized.