Vietnam Airlines JSC (HOSE:HVN)
Vietnam flag Vietnam · Delayed Price · Currency is VND
21,200
-300 (-1.40%)
At close: Jul 24, 2026

Vietnam Airlines JSC Financials Overview

Millions VND. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Revenue
127,538,660121,206,882106,695,89491,539,86570,410,22127,911,340
Revenue Growth
16.67%13.60%16.56%30.01%152.26%-31.15%
Gross Profit
18,936,28417,896,73414,656,3163,885,444-2,876,011-10,018,176
Operating Income
9,852,9149,138,0166,813,325-2,587,318-7,840,325-12,936,682
Net Income
8,191,4617,204,3927,564,092-5,930,302-11,298,155-12,907,541
Earnings Per Share
3070.902949.033415.87-2678.07-5102.14-7908.84
EPS Growth
1.41%-13.67%----

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Cash & Investments
20,217,94717,954,6715,641,9423,471,4813,386,9073,943,365
Total Debt
12,426,79013,103,84720,482,80027,368,06028,268,15634,799,757
Net Cash (Debt)
7,791,1574,850,824-14,840,858-23,896,580-24,881,249-30,856,392
Net Cash Growth
------
Net Cash Per Share
2920.831985.62-6701.99-10791.48-11236.14-18906.65

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Operating Cash Flow
15,340,55512,277,5459,440,5711,003,6906,893,819-6,759,315
Capital Expenditures
-3,750,423-1,576,856-320,431-317,901-952,401-489,493
Free Cash Flow
11,590,13210,700,6899,120,139685,7895,941,418-7,248,808
Free Cash Flow Growth
32.24%17.33%1229.88%-88.46%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Gross Margin
14.85%14.77%13.74%4.25%-4.08%-35.89%
Operating Margin
7.72%7.54%6.39%-2.83%-11.13%-46.35%
Pretax Margin
7.23%6.74%7.89%-5.86%-15.55%-46.45%
Profit Margin
6.42%5.94%7.09%-6.48%-16.05%-46.25%
FCF Margin
9.09%8.83%8.55%0.75%8.44%-25.97%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
PE Ratio
6.9010.758.39---
Forward PE
7.548.6666.5866.5866.5866.58
P/FCF Ratio
5.697.246.9639.565.18-
PS Ratio
0.520.640.600.300.441.84