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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 Cash Flow Statement

Millions VND. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Net Income
4,038,0517,204,3927,564,092-5,930,302-11,298,155-12,907,541
Depreciation & Amortization
4,632,6684,796,2315,094,5135,986,0793,536,4922,049,423
Other Amortization
37,13049,509----
Loss (Gain) From Sale of Assets
-1,816,895-1,272,427-864,438-467,634-371,254-244,413
Other Operating Activities
1,744,3863,901,052992,817818,898632,268-771,220
Change in Accounts Receivable
-6,222-2,515,532-310,626-1,729,033-2,017,257-541,774
Change in Inventory
-2,687,699-575,114-23,515-572,824-595,724-469,829
Change in Accounts Payable
7,754,8193,719,427-601,1043,901,12115,710,0085,467,830
Change in Other Net Operating Assets
-2,253,496-3,029,994-2,411,168-1,002,6151,297,440658,208
Operating Cash Flow
11,442,74112,277,5459,440,5711,003,6906,893,819-6,759,315
Operating Cash Flow Growth
-7.85%30.05%840.59%-85.44%--

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Capital Expenditures
-3,755,256-1,576,856-320,431-317,901-952,401-489,493
Sale of Property, Plant & Equipment
8,0637,063568,250641,99389,26892,669
Investment in Securities
-71,073--191,972766,420-
Other Investing Activities
721,257456,01096,900165,688221,759151,474
Investing Cash Flow
-17,598,246-8,185,032249,954667,0941,455,711-1,944,656

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Long-Term Debt Issued
-24,587,97333,285,55738,150,40533,708,10322,581,318
Total Debt Issued
16,441,56724,587,97333,285,55738,150,40533,708,10322,581,318
Long-Term Debt Repaid
--32,132,991-40,674,380-39,458,040-40,903,179-21,498,250
Total Debt Repaid
-20,804,973-32,132,991-40,674,380-39,458,040-40,903,179-21,498,250
Net Debt Issued (Repaid)
-4,363,406-7,545,018-7,388,823-1,307,636-7,195,0751,083,068
Issuance of Common Stock
-8,970,602---7,960,679
Common Dividends Paid
-524,319-250,402-220,153-305,517-408,887-277,575
Financing Cash Flow
-4,888,1631,175,182-7,608,977-1,613,153-7,603,9628,766,172

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Foreign Exchange Rate Adjustments
-12,3431,323-5,8523,13530,881-2,093
Net Cash Flow
-11,056,0105,269,0192,075,69660,766776,45060,108

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
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%--
Free Cash Flow Margin
5.25%8.83%8.55%0.75%8.44%-25.97%
Free Cash Flow Per Share
2468.124380.194118.57309.702683.09-4441.56
Levered Free Cash Flow
9,387,47010,173,7927,074,6375,670,2596,854,964-3,192,366
Unlevered Free Cash Flow
9,800,92310,786,6287,987,9666,790,8077,734,669-2,522,157

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Jan '24 Jan '23 Dec '21
Cash Interest Paid
165,783825,8751,238,2801,568,1301,057,620812,881
Cash Income Tax Paid
55,307416,449325,153231,391273,644262,755
Change in Working Capital
2,807,401-2,401,213-3,346,414596,64814,394,4685,114,436