Vietnam Airlines JSC Balance Sheet

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	9,885,039	4,626,738	2,551,042	2,490,276	1,713,827
Short-Term Investments	8,207,251	1,015,204	920,439	896,631	2,229,538
Cash & Short-Term Investments	18,092,290	5,641,942	3,471,481	3,386,907	3,943,365
Cash Growth	220.68%	62.52%	2.50%	-14.11%	84.20%
Accounts Receivable	5,589,982	4,332,566	4,143,590	3,775,387	1,841,205
Other Receivables	345,655	447,151	407,133	301,329	1,158,908
Receivables	5,935,637	4,779,716	4,550,723	4,076,717	3,000,113
Inventory	3,679,258	3,369,444	3,430,699	2,875,284	2,250,462
Prepaid Expenses	629,151	631,414	605,280	416,870	393,399
Other Current Assets	4,004,197	2,915,179	2,826,099	1,574,172	1,768,926
Total Current Assets	32,340,533	17,337,695	14,884,283	12,329,950	11,356,265
Property, Plant & Equipment	25,292,095	29,460,825	34,342,837	40,591,565	43,215,978
Long-Term Investments	2,705,645	1,795,288	1,672,502	1,751,061	1,638,116
Other Intangible Assets	223,160	239,339	148,371	174,458	182,260
Long-Term Accounts Receivable	1,730	1,896	2,016	-	1,076
Long-Term Deferred Tax Assets	4,450	1,531	1,274	1,029	5,422
Other Long-Term Assets	12,922,803	9,350,040	6,665,648	5,788,124	6,660,407
Total Assets	73,490,416	58,186,614	57,716,931	60,636,188	63,059,525
Accounts Payable	23,240	15,015,821	18,260,414	18,047,269	17,771,904
Accrued Expenses	13,556,346	11,741,917	11,582,418	8,685,137	6,577,374
Short-Term Debt	6,881,803	10,102,265	12,055,763	9,138,049	11,030,655
Current Portion of Long-Term Debt	231,282	1,263,858	1,542,128	1,334,068	2,186,872
Current Portion of Leases	1,924,254	2,945,077	3,963,889	2,927,935	1,157,397
Current Income Taxes Payable	308,580	189,807	126,015	80,613	52,380
Current Unearned Revenue	18,131,837	14,976,998	11,734,639	9,589,942	1,473,286
Other Current Liabilities	15,279,132	923,482	1,906,032	1,997,096	944,189
Total Current Liabilities	56,336,475	57,159,225	61,171,298	51,800,109	41,194,056
Long-Term Debt	2,322,429	6,171,600	9,806,279	4,995,435	6,119,428
Long-Term Leases	1,744,077	-	-	9,872,669	14,305,405
Long-Term Unearned Revenue	6,483	3,114	1,379	2,239	2,130
Long-Term Deferred Tax Liabilities	255,735	224,625	156,764	160,828	184,806
Other Long-Term Liabilities	6,007,914	3,972,293	3,607,136	4,860,533	727,702
Total Liabilities	66,673,114	67,530,857	74,742,857	71,691,812	62,533,527
Common Stock	31,114,982	22,143,942	22,143,942	22,143,942	22,143,942
Additional Paid-In Capital	1,220,059	1,220,498	1,220,498	1,220,498	1,220,498
Retained Earnings	-25,654,259	-32,681,080	-40,124,296	-34,140,153	-21,028,362
Comprehensive Income & Other	-660,133	-700,075	-755,340	-787,183	-827,878
Total Common Equity	6,020,649	-10,016,715	-17,515,195	-11,562,896	1,508,200
Minority Interest	796,653	672,472	489,270	507,271	-982,202
Shareholders' Equity	6,817,303	-9,344,243	-17,025,926	-11,055,625	525,998
Total Liabilities & Equity	73,490,416	58,186,614	57,716,931	60,636,188	63,059,525
Total Debt	13,103,847	20,482,800	27,368,060	28,268,156	34,799,757
Net Cash (Debt)	4,988,443	-14,840,858	-23,896,580	-24,881,249	-30,856,392
Net Cash Per Share	2041.98	-6701.99	-10791.48	-11236.14	-18906.65
Filing Date Shares Outstanding	3,111	2,214	2,214	2,214	2,214
Total Common Shares Outstanding	3,111	2,214	2,214	2,214	2,214
Working Capital	-23,995,942	-39,821,530	-46,287,016	-39,470,159	-29,837,791
Book Value Per Share	1934.97	-4523.46	-7909.70	-5221.70	681.09
Tangible Book Value	5,797,489	-10,256,054	-17,663,567	-11,737,355	1,325,940
Tangible Book Value Per Share	1863.25	-4631.54	-7976.70	-5300.48	598.78
Buildings	2,878,226	2,986,896	2,979,614	2,979,343	2,886,639
Machinery	43,692,596	43,493,280	40,129,620	37,092,535	35,030,233
Construction In Progress	353,278	109,160	132,650	94,019	146,061

Source: S&P Global Market Intelligence. Standard template. Financial Sources.