Vietnam Airlines JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Mar'26

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Net Sales

3,68,82,751.09

3,22,91,167.72

3,03,71,020.36

2,79,68,533.55

3,05,50,973.04

2,66,25,002.94

2,66,00,111.88

Other Operating Income

0.00

Total Operating income

3,68,82,751.09

3,22,91,167.72

3,03,71,020.36

2,79,68,533.55

3,05,50,973.04

2,66,25,002.94

2,66,00,111.88

Raw Material Cost

2,95,72,177.62

2,92,14,228.96

2,65,66,492.97

2,30,20,076.28

2,42,79,949.93

2,22,47,659.56

2,38,55,637.97

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

3,92,415.47

1,95,071.01

3,43,768.28

2,97,377.04

4,19,273.39

9,42,564.63

6,31,023.73

Selling and Distribution Expenses

24,51,018.59

27,51,887.08

24,57,254.83

15,93,882.30

21,26,366.13

22,47,758.21

15,77,301.68

Other Expenses

-39,241.55

-19,507.10

-34,376.83

-29,737.70

-41,927.34

-94,256.46

-63,102.37

Total Expenditure (Excl Depreciation)

3,20,23,196.21

3,19,66,116.05

2,90,23,747.80

2,46,13,958.58

2,64,06,316.06

2,44,95,417.77

2,54,32,939.65

Operating Profit (PBDIT) excl Other Income

4859554.9

325051.69999999995

1347272.6

3354575

4144657

2129585.1999999997

1167172.2

Other Income

2,13,019.76

5,26,577.03

-1,37,868.95

927.94

-1,00,583.89

-40,298.88

4,38,928.10

Operating Profit (PBDIT)

62,44,283.21

56,98,482.37

24,16,088.60

45,80,543.11

52,64,264.25

33,40,106.01

28,72,116.32

Interest

3,92,415.47

1,95,071.01

3,43,768.28

2,97,377.04

4,19,273.39

9,42,564.63

6,31,023.73

Exceptional Items

0.00

38,544.93

0.00

0.07

Gross Profit (PBDT)

73,10,573.47

30,76,938.76

38,04,527.39

49,48,457.26

62,71,023.11

43,77,343.38

27,44,473.91

Depreciation

11,71,708.57

48,46,853.67

12,06,684.99

12,25,040.21

12,20,191.16

12,50,819.71

12,66,015.98

Profit Before Tax

46,80,159.18

6,95,102.63

8,65,635.32

30,58,125.86

36,24,799.70

11,46,721.67

9,75,076.68

Tax

1,65,623.11

1,55,533.97

1,33,389.01

1,35,229.97

1,38,781.43

1,43,038.41

1,12,968.16

Provisions and contingencies

0.00

Profit After Tax

43,88,011.72

4,28,017.36

6,17,199.71

28,22,542.86

34,00,942.86

9,21,280.74

7,67,870.69

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

43,88,011.72

4,28,017.36

6,17,199.71

28,22,542.86

34,00,942.86

9,21,280.74

7,67,870.69

Share in Profit of Associates

0.00

Minority Interest

1,26,524.35

1,11,551.29

1,15,046.60

1,00,353.03

85,075.41

82,402.52

94,237.84

Other related items

0.00

Consolidated Net Profit

45,14,536.07

5,39,568.66

7,32,246.31

29,22,895.89

34,86,018.27

10,03,683.25

8,62,108.53

Equity Capital

0.00

Face Value

10000.0

Reserves

1,03,09,849.83

59,30,910.98

55,91,618.21

-37,62,771.27

-66,11,792.04

-1,00,16,715.15

-1,16,69,867.12

Earnings per share (EPS)

1410.26

175.2

278.0

1004.52

1210.36

327.87

273.28

Diluted Earnings per share

1410.26

175.2

278.0

1004.52

1210.36

327.87

273.28

Operating Profit Margin (Excl OI)

13.18%

1.01%

4.44%

11.99%

13.57%

8.0%

4.39%

Gross Profit Margin

15.87%

17.16%

6.82%

15.31%

15.86%

9.0%

8.43%

PAT Margin

11.9%

1.33%

2.03%

10.09%

11.13%

3.46%

2.89%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Mar 2026 is 14.22% vs 6.32% in Dec 2025

Consolidate Net Profit

QoQ Growth in quarter ended Mar 2026 is 736.69% vs -26.31% in Dec 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Mar 2026 is 16.62% vs 102.51% in Dec 2025

Interest

QoQ Growth in quarter ended Mar 2026 is 101.17% vs -43.26% in Dec 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

Compare Quarterly Results Of Vietnam Airlines JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

3,68,82,751.09

2,10,21,315.32

1,58,61,435.77

75.45%

Other Operating Income

0.00

Total Operating income

3,68,82,751.09

2,10,21,315.32

1,58,61,435.77

75.45%

Raw Material Cost

2,95,72,177.62

1,82,06,512.16

1,13,65,665.46

62.43%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

3,92,415.47

10,97,691.32

-7,05,275.85

-64.25%

Selling and Distribution Expenses

24,51,018.59

10,81,337.13

13,69,681.46

126.67%

Other Expenses

-39,241.55

-1,09,769.13

70,527.58

64.25%

Total Expenditure (Excl Depreciation)

3,20,23,196.21

1,92,87,849.29

1,27,35,346.92

66.03%

Operating Profit (PBDIT) excl Other Income

48,59,554.88

1,733,466.02

31,26,088.86

180.34%

Other Income

2,13,019.76

5,06,244.02

-2,93,224.26

-57.92%

Operating Profit (PBDIT)

62,44,283.21

27,75,509.64

34,68,773.57

124.98%

Interest

3,92,415.47

10,97,691.32

-7,05,275.85

-64.25%

Exceptional Items

0.00

Gross Profit (PBDT)

73,10,573.47

28,14,803.16

44,95,770.31

159.72%

Depreciation

11,71,708.57

5,35,799.60

6,35,908.97

118.68%

Profit Before Tax

46,80,159.18

11,42,018.72

35,38,140.46

309.81%

Tax

1,65,623.11

1,18,620.68

47,002.43

39.62%

Provisions and contingencies

0.00

Profit After Tax

43,88,011.72

10,13,480.24

33,74,531.48

332.96%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

43,88,011.72

10,13,480.24

33,74,531.48

332.96%

Share in Profit of Associates

0.00

Minority Interest

1,26,524.35

9,917.80

1,16,606.55

1,175.73%

Other related items

0.00

Consolidated Net Profit

45,14,536.07

10,23,398.04

34,91,138.03

341.13%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

1,03,09,849.83

2,59,74,530.34

-1,56,64,680.51

-60.31%

Earnings per share (EPS)

1,410.26

1,779.85

-369.59

-20.77%

Diluted Earnings per share

1,410.26

1,779.85

-369.59

-20.77%

Operating Profit Margin (Excl OI)

13.18%

8.25%

0.00

4.93%

Gross Profit Margin

15.87%

7.98%

0.00

7.89%

PAT Margin

11.90%

4.82%

0.00

7.08%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 36,88,275.11 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 14.22% vs 6.32% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 20.73% vs 9.25% in Mar 2025

Quarterly - Consolidate Net Profit

Consolidate Net Profit 4,51,453.61 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 736.69% vs -26.31% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 29.50% vs -21.51% in Mar 2025

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 6,03,126.34 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 16.62% vs 102.51% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 12.42% vs 54.58% in Mar 2025

Quarterly - Interest

Interest 39,241.55 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 101.17% vs -43.26% in Dec 2025

YoY Growth in quarter ended Mar 2026 is -6.41% vs -35.56% in Mar 2025

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 13.18%

in Mar 2026

Figures in %

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

YoY Growth in quarter ended Mar 2026 has fallen from Mar 2025