Vietnam Airlines JSC (HOSE:HVN)
Vietnam flag Vietnam · Delayed Price · Currency is VND
23,850
+150 (0.63%)
At close: Aug 13, 2026

Vietnam Airlines JSC Financials Overview

Millions VND. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Revenue
137,842,336121,206,882106,695,89491,539,86570,410,22127,911,340
Revenue Growth
22.79%13.60%16.56%30.01%152.26%-31.15%
Gross Profit
15,719,36117,896,73414,656,3163,885,444-2,876,011-10,018,176
Operating Income
5,843,3729,138,0166,813,325-2,587,318-7,840,325-12,936,682
Net Income
4,544,2227,204,3927,564,092-5,930,302-11,298,155-12,907,541
Earnings Per Share
1571.742949.033415.87-2678.07-5102.14-7908.84
EPS Growth
-59.66%-13.67%----

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Cash & Investments
19,188,75117,954,6715,641,9423,471,4813,386,9073,943,365
Total Debt
12,894,17713,103,84720,482,80027,368,06028,268,15634,799,757
Net Cash (Debt)
6,294,5744,850,824-14,840,858-23,896,580-24,881,249-30,856,392
Net Cash Growth
------
Net Cash Per Share
2177.151985.62-6701.99-10791.48-11236.14-18906.65

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Operating Cash Flow
11,411,94012,277,5459,440,5711,003,6906,893,819-6,759,315
Capital Expenditures
-3,941,809-1,576,856-320,431-317,901-952,401-489,493
Free Cash Flow
7,470,13110,700,6899,120,139685,7895,941,418-7,248,808
Free Cash Flow Growth
-18.03%17.33%1229.88%-88.46%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Gross Margin
11.40%14.77%13.74%4.25%-4.08%-35.89%
Operating Margin
4.24%7.54%6.39%-2.83%-11.13%-46.35%
Pretax Margin
4.09%6.74%7.89%-5.86%-15.55%-46.45%
Profit Margin
3.30%5.94%7.09%-6.48%-16.05%-46.25%
FCF Margin
5.42%8.83%8.55%0.75%8.44%-25.97%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
PE Ratio
15.1710.758.39---
Forward PE
8.498.6666.5866.5866.5866.58
P/FCF Ratio
9.937.246.9639.565.18-
PS Ratio
0.540.640.600.300.441.84