Vietnam Airlines JSC Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	9,949,764	9,895,757	4,626,738	2,551,042	2,490,276	1,713,827
Short-Term Investments	10,268,184	8,058,914	1,015,204	920,439	896,631	2,229,538
Cash & Short-Term Investments	20,217,947	17,954,671	5,641,942	3,471,481	3,386,907	3,943,365
Cash Growth	187.53%	218.24%	62.52%	2.50%	-14.11%	84.20%
Accounts Receivable	6,136,352	5,176,903	4,332,566	4,143,590	3,775,387	1,841,205
Other Receivables	2,979,196	270,749	447,151	407,133	301,329	1,158,908
Receivables	9,115,548	5,447,652	4,779,716	4,550,723	4,076,717	3,000,113
Inventory	3,812,005	3,795,531	3,369,444	3,430,699	2,875,284	2,250,462
Prepaid Expenses	698,649	627,727	631,414	605,280	416,870	393,399
Other Current Assets	1,886,506	4,225,003	2,915,179	2,826,099	1,574,172	1,768,926
Total Current Assets	35,730,654	32,050,584	17,337,695	14,884,283	12,329,950	11,356,265
Property, Plant & Equipment	24,293,269	25,195,363	29,460,825	34,342,837	40,591,565	43,215,978
Long-Term Investments	2,713,445	2,705,075	1,795,288	1,672,502	1,751,061	1,638,116
Other Intangible Assets	211,644	223,160	239,339	148,371	174,458	182,260
Long-Term Accounts Receivable	1,730	1,730	1,896	2,016	-	1,076
Long-Term Deferred Tax Assets	4,423	4,469	1,531	1,274	1,029	5,422
Other Long-Term Assets	16,108,405	12,994,499	9,350,040	6,665,648	5,788,124	6,660,407
Total Assets	79,063,570	73,174,881	58,186,614	57,716,931	60,636,188	63,059,525
Accounts Payable	32,962,062	14,761,023	15,016,737	18,260,414	18,047,269	17,771,904
Accrued Expenses	12,981,689	12,471,179	11,739,278	11,582,418	8,685,137	6,577,374
Short-Term Debt	9,217,769	6,881,803	10,102,265	12,055,763	9,138,049	11,030,655
Current Portion of Long-Term Debt	-	572,681	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	-	307,471	189,807	126,015	80,613	52,380
Current Unearned Revenue	1,718,953	18,269,103	14,976,998	11,734,639	9,589,942	1,473,286
Other Current Liabilities	1,065,653	1,245,892	925,205	1,906,032	1,997,096	944,189
Total Current Liabilities	57,946,126	56,433,408	57,159,225	61,171,298	51,800,109	41,194,056
Long-Term Debt	3,209,021	1,981,031	2,604,254	3,616,860	4,995,435	6,119,428
Long-Term Leases	-	1,744,077	3,567,347	6,189,420	9,872,669	14,305,405
Long-Term Unearned Revenue	6,655	6,483	3,114	1,379	2,239	2,130
Long-Term Deferred Tax Liabilities	255,603	255,731	224,625	156,764	160,828	184,806
Other Long-Term Liabilities	6,413,992	6,024,486	3,972,293	3,607,136	4,860,533	727,702
Total Liabilities	67,831,398	66,445,216	67,530,857	74,742,857	71,691,812	62,533,527
Common Stock	31,114,982	31,114,982	22,143,942	22,143,942	22,143,942	22,143,942
Additional Paid-In Capital	1,220,059	1,220,059	1,220,498	1,220,498	1,220,498	1,220,498
Retained Earnings	-21,370,518	-25,752,712	-32,681,080	-40,124,296	-34,140,153	-21,028,362
Comprehensive Income & Other	-654,673	-651,418	-700,075	-755,340	-787,183	-827,878
Total Common Equity	10,309,850	5,930,911	-10,016,715	-17,515,195	-11,562,896	1,508,200
Minority Interest	922,323	798,754	672,472	489,270	507,271	-982,202
Shareholders' Equity	11,232,172	6,729,665	-9,344,243	-17,025,926	-11,055,625	525,998
Total Liabilities & Equity	79,063,570	73,174,881	58,186,614	57,716,931	60,636,188	63,059,525
Total Debt	12,426,790	13,103,847	20,482,800	27,368,060	28,268,156	34,799,757
Net Cash (Debt)	7,791,157	4,850,824	-14,840,858	-23,896,580	-24,881,249	-30,856,392
Net Cash Per Share	2920.83	1985.62	-6701.99	-10791.48	-11236.14	-18906.65
Filing Date Shares Outstanding	3,112	3,111	2,214	2,214	2,214	2,214
Total Common Shares Outstanding	3,112	3,111	2,214	2,214	2,214	2,214
Working Capital	-22,215,472	-24,382,824	-39,821,530	-46,287,016	-39,470,159	-29,837,791
Book Value Per Share	3312.86	1906.13	-4523.46	-7909.70	-5221.70	681.09
Tangible Book Value	10,098,206	5,707,751	-10,256,054	-17,663,567	-11,737,355	1,325,940
Tangible Book Value Per Share	3244.86	1834.41	-4631.54	-7976.70	-5300.48	598.78
Buildings	-	2,880,779	2,986,896	2,979,614	2,979,343	2,886,639
Machinery	-	50,453,858	43,493,280	40,129,620	37,092,535	35,030,233
Construction In Progress	333,638	254,166	109,160	132,650	94,019	146,061