Vietnam Airlines JSC (HOSE:HVN)
Vietnam · Delayed Price · Currency is VND 22,650
0.00 (0.00%)
At close: Apr 24, 2026
Vietnam Airlines JSC Income Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Jan '24 Jan 1, 2024 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Jan '23 Jan 1, 2023 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
| 32,285,118 | 30,371,020 | 27,999,770 | 30,550,973 | 26,939,928 | 26,772,817 | 25,051,480 | 27,931,668 | 23,912,076 | 23,569,060 | 20,564,540 | 23,494,190 | 19,302,767 | 21,156,291 | 18,331,039 | 11,620,124 | 9,178,946 | 4,735,446 | 6,536,800 | 7,460,147 | |
Revenue Growth (YoY) | 19.84% | 13.44% | 11.77% | 9.38% | 12.66% | 13.59% | 21.82% | 18.89% | 23.88% | 11.40% | 12.18% | 102.18% | 110.29% | 346.76% | 180.43% | 55.76% | 12.93% | -37.71% | 9.03% | -60.35% |
Cost of Revenue | 29,382,955 | 26,566,493 | 23,080,750 | 24,279,950 | 22,326,096 | 23,855,638 | 21,916,687 | 23,941,157 | 24,155,122 | 22,329,152 | 19,635,180 | 21,534,967 | 20,380,528 | 20,991,288 | 18,699,488 | 13,214,928 | 9,813,846 | 7,746,602 | 9,922,652 | 10,446,416 |
Gross Profit | 2,902,163 | 3,804,527 | 4,919,020 | 6,271,023 | 4,613,832 | 2,917,179 | 3,134,793 | 3,990,511 | -243,047 | 1,239,908 | 929,361 | 1,959,222 | -1,077,761 | 165,003 | -368,449 | -1,594,804 | -634,900 | -3,011,156 | -3,385,852 | -2,986,268 |
Selling, General & Admin | 2,442,997 | 2,457,255 | 1,529,101 | 2,126,366 | 2,278,870 | 1,750,007 | 1,739,097 | 1,908,153 | 1,413,401 | 1,913,485 | 1,456,078 | 1,529,266 | 1,634,982 | 1,353,997 | 1,064,024 | 755,298 | 633,954 | 630,543 | 764,892 | 754,079 |
Other Operating Expenses | 202,999 | - | - | - | 166,864 | - | - | - | 160,532 | - | - | - | 97,013 | - | 59,000 | - | 135,038 | - | - | - |
Operating Expenses | 2,645,996 | 2,457,255 | 1,529,101 | 2,126,366 | 2,445,733 | 1,750,007 | 1,739,097 | 1,908,153 | 1,573,933 | 1,913,485 | 1,456,078 | 1,529,266 | 1,731,995 | 1,353,997 | 1,123,025 | 755,298 | 768,992 | 630,543 | 764,892 | 754,079 |
Operating Income | 256,167 | 1,347,273 | 3,389,919 | 4,144,657 | 2,168,099 | 1,167,172 | 1,395,696 | 2,082,358 | -1,816,979 | -673,577 | -526,718 | 429,957 | -2,809,756 | -1,188,994 | -1,491,474 | -2,350,101 | -1,403,892 | -3,641,699 | -4,150,743 | -3,740,347 |
Interest Expense | -304,846 | -209,313 | -215,271 | -251,108 | -426,058 | -272,728 | -409,858 | -352,683 | -618,697 | -397,078 | -391,028 | -386,075 | -615,603 | -305,149 | -261,955 | -224,821 | -198,927 | -201,651 | -207,155 | -199,221 |
Interest & Investment Income | 239,865 | 95,725 | 60,501 | 31,874 | 149,019 | 37,812 | 28,260 | 11,378 | 85,800 | 19,748 | 39,691 | 21,484 | 107,801 | 36,998 | 31,517 | 31,596 | 51,662 | 106,437 | 11,053 | 9,988 |
Earnings From Equity Investments | 753,199 | 42,588 | 14,155 | 31,791 | -96,011 | 26,468 | 84,644 | 55,187 | -8,367 | 32,219 | 29,840 | 34,519 | -27,404 | 30,916 | 39,314 | 31,286 | -118,246 | -20,357 | -41,082 | -23,599 |
Currency Exchange Gain (Loss) | -1,647,406 | 218,742 | 749,520 | -165,434 | -2,307,077 | 524,435 | 933,845 | -646,721 | 54,176 | -936,275 | -130,415 | 110,640 | 279,119 | -946,050 | -736,536 | -98,589 | 12,090 | 424,045 | 105,286 | 10,653 |
Other Non Operating Income (Expenses) | 1,290,153 | -632,982 | -908,315 | -166,787 | -2,359,549 | -508,383 | -886,752 | 2,736,819 | -164,630 | -176,912 | -238,579 | -191,942 | -359,119 | -101,603 | -124,549 | -76,051 | -96,639 | -35,216 | -179,659 | -76,792 |
EBT Excluding Unusual Items | 587,132 | 862,032 | 3,090,510 | 3,624,993 | -2,871,578 | 974,776 | 1,145,835 | 3,886,339 | -2,468,698 | -2,131,875 | -1,217,207 | 18,582 | -3,424,963 | -2,473,882 | -2,543,682 | -2,686,680 | -1,753,952 | -3,368,441 | -4,462,300 | -4,019,318 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | 2,331 | 1,573 | 19,431 | -23,147 | 644,721 | -92,050 | -5,271 | -7.05 |
Gain (Loss) on Sale of Assets | -723.41 | 3,604 | 870.39 | -193.33 | 51.09 | 300.21 | 340.61 | 568,612 | 186,303 | 336.74 | 160.89 | 738.5 | 50,679 | 315.31 | 50,814 | 88,549 | 91,680 | 53.91 | -155.39 | -182.84 |
Other Unusual Items | - | - | - | - | 4,710,967 | - | - | - | 249,049 | - | - | - | - | - | -6,822 | - | - | - | - | - |
Pretax Income | 586,409 | 865,635 | 3,091,380 | 3,624,800 | 1,839,440 | 975,077 | 1,146,176 | 4,454,950 | -2,033,346 | -2,131,538 | -1,217,046 | 19,321 | -3,371,953 | -2,471,993 | -2,480,260 | -2,621,279 | -1,017,552 | -3,460,437 | -4,467,727 | -4,019,508 |
Income Tax Expense | 153,515 | 133,389 | 135,216 | 138,781 | 145,620 | 112,968 | 111,470 | 88,021 | 63,864 | 71,710 | 76,908 | 56,657 | 67,322 | 74,514 | 71,230 | 64,464 | 107,949 | 70,884 | 62,407 | 72,530 |
Earnings From Continuing Operations | 432,894 | 732,246 | 2,956,164 | 3,486,018 | 1,693,819 | 862,109 | 1,034,706 | 4,366,929 | -2,097,209 | -2,203,249 | -1,293,954 | -37,336 | -3,439,275 | -2,546,507 | -2,551,490 | -2,685,743 | -1,125,500 | -3,531,321 | -4,530,134 | -4,092,038 |
Minority Interest in Earnings | -102,455 | -115,047 | -100,353 | -85,075 | -91,640 | -94,238 | -100,885 | -106,708 | -90,559 | -73,971 | -67,713 | -66,310 | -68,426 | -76,294 | -3,189 | 72,769 | 45,269 | 162,652 | 79,062 | 84,892 |
Net Income | 330,439 | 617,200 | 2,855,811 | 3,400,943 | 1,602,179 | 767,871 | 933,821 | 4,260,222 | -2,187,768 | -2,277,220 | -1,361,667 | -103,647 | -3,507,701 | -2,622,801 | -2,554,679 | -2,612,974 | -1,080,231 | -3,368,669 | -4,451,072 | -4,007,146 |
Preferred Dividends & Other Adjustments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,432 | - | - | - | - | - |
Net Income to Common | 330,439 | 617,200 | 2,855,811 | 3,400,943 | 1,602,179 | 767,871 | 933,821 | 4,260,222 | -2,187,768 | -2,277,220 | -1,361,667 | -103,647 | -3,507,701 | -2,622,801 | -2,556,111 | -2,612,974 | -1,080,231 | -3,368,669 | -4,451,072 | -4,007,146 |
Net Income Growth | -79.38% | -19.62% | 205.82% | -20.17% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 3,102 | 2,220 | 2,218 | 2,214 | 2,215 | 2,213 | 2,216 | 2,215 | 2,215 | 2,215 | 2,223 | 2,205 | 2,215 | 2,215 | 2,214 | 2,214 | 2,216 | 2,171 | 1,418 | 1,418 |
Shares Outstanding (Diluted) | 3,102 | 2,220 | 2,218 | 2,214 | 2,215 | 2,213 | 2,216 | 2,215 | 2,215 | 2,215 | 2,223 | 2,205 | 2,215 | 2,215 | 2,214 | 2,214 | 2,216 | 2,171 | 1,418 | 1,418 |
Shares Change (YoY) | 40.05% | 0.33% | 0.09% | -0.04% | -0.03% | -0.10% | -0.32% | 0.45% | 0.02% | - | 0.39% | -0.41% | -0.03% | 2.06% | 56.12% | 56.11% | 56.27% | 53.07% | -0.03% | 0.06% |
EPS (Basic) | 106.54 | 278.00 | 1287.61 | 1536.00 | 723.46 | 347.00 | 421.40 | 1923.22 | -987.61 | -1028.00 | -612.51 | -47.00 | -1583.76 | -1184.00 | -1154.31 | -1180.00 | -487.57 | -1552.00 | -3138.00 | -2825.00 |
EPS (Diluted) | 106.54 | 278.00 | 1287.61 | 1536.00 | 723.46 | 347.00 | 421.40 | 1923.22 | -987.61 | -1028.00 | -612.51 | -47.00 | -1583.76 | -1184.00 | -1154.31 | -1180.00 | -487.57 | -1552.00 | -3138.00 | -2825.00 |
EPS Growth | -85.27% | -19.89% | 205.56% | -20.13% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | 2,642,450 | 4,165,617 | 1,647,206 | 2,245,416 | 3,030,310 | 2,182,865 | 1,306,020 | 2,600,944 | 543,504 | -570,875 | -682,026 | 1,395,186 | 2,524,882 | 389,648 | 1,633,800 | 1,393,089 | -2,718,803 | -3,607,080 | -586,016 | -336,910 |
Free Cash Flow Per Share | 851.97 | 1876.28 | 742.68 | 1014.12 | 1368.32 | 986.43 | 589.36 | 1174.16 | 245.35 | -257.71 | -306.79 | 632.67 | 1140.01 | 175.90 | 737.81 | 629.11 | -1227.14 | -1661.84 | -413.14 | -237.52 |
Gross Margin | 8.99% | 12.53% | 17.57% | 20.53% | 17.13% | 10.90% | 12.51% | 14.29% | -1.02% | 5.26% | 4.52% | 8.34% | -5.58% | 0.78% | -2.01% | -13.72% | -6.92% | -63.59% | -51.80% | -40.03% |
Operating Margin | 0.79% | 4.44% | 12.11% | 13.57% | 8.05% | 4.36% | 5.57% | 7.46% | -7.60% | -2.86% | -2.56% | 1.83% | -14.56% | -5.62% | -8.14% | -20.22% | -15.29% | -76.90% | -63.50% | -50.14% |
Profit Margin | 1.02% | 2.03% | 10.20% | 11.13% | 5.95% | 2.87% | 3.73% | 15.25% | -9.15% | -9.66% | -6.62% | -0.44% | -18.17% | -12.40% | -13.94% | -22.49% | -11.77% | -71.14% | -68.09% | -53.71% |
Free Cash Flow Margin | 8.19% | 13.72% | 5.88% | 7.35% | 11.25% | 8.15% | 5.21% | 9.31% | 2.27% | -2.42% | -3.32% | 5.94% | 13.08% | 1.84% | 8.91% | 11.99% | -29.62% | -76.17% | -8.96% | -4.52% |
EBITDA | 1,440,125 | 2,541,579 | 4,598,609 | 5,353,934 | 3,418,586 | 2,433,401 | 2,680,865 | 3,374,986 | -467,648 | 721,174 | 911,355 | 2,233,881 | -1,854,554 | -289,397 | -602,905 | -1,556,977 | -887,463 | -3,323,013 | -3,582,506 | -3,107,559 |
EBITDA Margin | 4.46% | 8.37% | 16.42% | 17.52% | 12.69% | 9.09% | 10.70% | 12.08% | -1.96% | 3.06% | 4.43% | 9.51% | -9.61% | -1.37% | -3.29% | -13.40% | -9.67% | -70.17% | -54.81% | -41.66% |
D&A For EBITDA | 1,183,958 | 1,194,306 | 1,208,690 | 1,209,277 | 1,250,487 | 1,266,228 | 1,285,169 | 1,292,629 | 1,349,331 | 1,394,752 | 1,438,072 | 1,803,924 | 955,202 | 899,597 | 888,569 | 793,125 | 516,429 | 318,686 | 568,237 | 632,788 |
EBIT | 256,167 | 1,347,273 | 3,389,919 | 4,144,657 | 2,168,099 | 1,167,172 | 1,395,696 | 2,082,358 | -1,816,979 | -673,577 | -526,718 | 429,957 | -2,809,756 | -1,188,994 | -1,491,474 | -2,350,101 | -1,403,892 | -3,641,699 | -4,150,743 | -3,740,347 |
EBIT Margin | 0.79% | 4.44% | 12.11% | 13.57% | 8.05% | 4.36% | 5.57% | 7.46% | -7.60% | -2.86% | -2.56% | 1.83% | -14.56% | -5.62% | -8.14% | -20.22% | -15.29% | -76.90% | -63.50% | -50.14% |
Effective Tax Rate | 26.18% | 15.41% | 4.37% | 3.83% | 7.92% | 11.59% | 9.72% | 1.98% | - | - | - | 293.24% | - | - | - | - | - | - | - | - |
Revenue as Reported | 32,285,118 | 30,371,020 | 27,999,770 | 30,550,973 | 26,939,928 | 26,772,817 | 25,051,480 | 27,931,668 | 23,912,076 | 23,569,060 | 20,564,540 | 23,494,190 | 19,302,767 | 21,156,291 | 18,331,039 | 11,620,124 | 9,178,946 | 4,735,446 | 6,536,800 | 7,460,147 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.