Vietnam Airlines JSC (HOSE:HVN)
Vietnam flag Vietnam · Delayed Price · Currency is VND
22,050
+1,050 (5.00%)
At close: Nov 4, 2026

Vietnam Airlines JSC Financials Overview

Millions VND. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Revenue
146,549,672121,206,882106,695,89491,539,86570,410,22127,911,340
Revenue Growth
26.49%13.60%16.56%30.01%152.26%-31.15%
Gross Profit
14,691,46817,896,73414,656,3163,885,444-2,876,011-10,018,176
Operating Income
4,754,9819,138,0166,813,325-2,587,318-7,840,325-12,936,682
Net Income
4,071,3197,204,3927,564,092-5,930,302-11,298,155-12,907,541
Earnings Per Share
1307.132949.033415.87-2678.07-5102.14-7908.84
EPS Growth
-65.83%-13.67%----

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Cash & Investments
22,128,62017,954,6715,641,9423,471,4813,386,9073,943,365
Total Debt
11,345,88513,103,84720,482,80027,368,06028,268,15634,799,757
Net Cash (Debt)
10,782,7354,850,824-14,840,858-23,896,580-24,881,249-30,856,392
Net Cash Growth
345.13%-----
Net Cash Per Share
3461.881985.62-6701.99-10791.48-11236.14-18906.65

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Operating Cash Flow
11,442,74112,277,5459,440,5711,003,6906,893,819-6,759,315
Capital Expenditures
-3,755,256-1,576,856-320,431-317,901-952,401-489,493
Free Cash Flow
7,687,48510,700,6899,120,139685,7895,941,418-7,248,808
Free Cash Flow Growth
-30.72%17.33%1229.88%-88.46%--

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Gross Margin
10.03%14.77%13.74%4.25%-4.08%-35.89%
Operating Margin
3.25%7.54%6.39%-2.83%-11.13%-46.35%
Pretax Margin
3.57%6.74%7.89%-5.86%-15.55%-46.45%
Profit Margin
2.78%5.94%7.09%-6.48%-16.05%-46.25%
FCF Margin
5.25%8.83%8.55%0.75%8.44%-25.97%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
PE Ratio
16.8710.758.39---
Forward PE
12.598.6666.5866.5866.5866.58
P/FCF Ratio
8.507.246.9639.565.18-
PS Ratio
0.450.640.600.300.441.84