Vietnam Airlines JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

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

2,46,29,977.92

Other Operating Income

0.00

Total Operating income

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

2,46,29,977.92

Raw Material Cost

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

2,19,16,687.04

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

1,95,071.01

3,43,768.28

2,97,377.04

4,19,273.39

9,42,564.63

6,31,023.73

6,44,817.42

Selling and Distribution Expenses

27,51,887.08

24,57,254.83

15,93,882.30

21,26,366.13

22,47,758.21

15,77,301.68

13,17,594.62

Other Expenses

-19,507.10

-34,376.83

-29,737.70

-41,927.34

-94,256.46

-63,102.37

-64,481.74

Total Expenditure (Excl Depreciation)

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

2,32,34,281.67

Operating Profit (PBDIT) excl Other Income

325051.69999999995

1347272.6

3354575

4144657

2129585.1999999997

1167172.2

1395696.3

Other Income

5,26,577.03

-1,37,868.95

927.94

-1,00,583.89

-40,298.88

4,38,928.10

-12,39,462.50

Operating Profit (PBDIT)

8,51,628.70

24,16,088.60

45,80,543.11

52,64,264.25

33,40,106.01

28,72,116.32

14,41,615.48

Interest

1,95,071.01

3,43,768.28

2,97,377.04

4,19,273.39

9,42,564.63

6,31,023.73

6,44,817.42

Exceptional Items

38,544.93

0.00

0.07

16,34,759.30

Gross Profit (PBDT)

30,76,938.76

38,04,527.39

49,48,457.26

62,71,023.11

43,77,343.38

27,44,473.91

27,13,290.88

Depreciation

0.00

12,06,684.99

12,25,040.21

12,20,191.16

12,50,819.71

12,66,015.98

12,85,381.72

Profit Before Tax

6,95,102.63

8,65,635.32

30,58,125.86

36,24,799.70

11,46,721.67

9,75,076.68

11,46,175.64

Tax

1,55,533.97

1,33,389.01

1,35,229.97

1,38,781.43

1,43,038.41

1,12,968.16

1,11,469.90

Provisions and contingencies

0.00

Profit After Tax

4,28,017.36

6,17,199.71

28,22,542.86

34,00,942.86

9,21,280.74

7,67,870.69

9,33,820.50

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

4,28,017.36

6,17,199.71

28,22,542.86

34,00,942.86

9,21,280.74

7,67,870.69

9,33,820.50

Share in Profit of Associates

0.00

Minority Interest

1,11,551.29

1,15,046.60

1,00,353.03

85,075.41

82,402.52

94,237.84

1,00,885.24

Other related items

0.00

Consolidated Net Profit

5,39,568.66

7,32,246.31

29,22,895.89

34,86,018.27

10,03,683.25

8,62,108.53

10,34,705.74

Equity Capital

0.00

Face Value

0.0

10000.0

Reserves

60,20,649.50

55,91,618.21

-37,62,771.27

-66,11,792.04

-1,00,16,715.15

-1,16,69,867.12

-1,22,17,915.33

Earnings per share (EPS)

0.0

278.0

1004.52

1210.36

327.87

273.28

332.34

Diluted Earnings per share

0.0

278.0

1004.52

1210.36

327.87

273.28

332.34

Operating Profit Margin (Excl OI)

1.01%

4.44%

11.99%

13.57%

8.0%

4.39%

5.67%

Gross Profit Margin

2.15%

6.82%

15.31%

15.86%

9.0%

8.43%

9.87%

PAT Margin

1.33%

2.03%

10.09%

11.13%

3.46%

2.89%

3.79%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is 6.32% vs 8.59% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is -26.31% vs -74.95% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is -87.27% vs -44.23% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -43.26% vs 15.60% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

Compare Quarterly Results Of Vietnam Airlines JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

3,22,91,167.72

2,93,24,050.80

29,67,116.92

10.12%

Other Operating Income

0.00

Total Operating income

3,22,91,167.72

2,93,24,050.80

29,67,116.92

10.12%

Raw Material Cost

2,92,14,228.96

2,77,71,550.54

14,42,678.42

5.19%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

1,95,071.01

13,41,546.71

-11,46,475.70

-85.46%

Selling and Distribution Expenses

27,51,887.08

17,43,844.86

10,08,042.22

57.81%

Other Expenses

-19,507.10

-1,34,154.67

1,14,647.57

85.46%

Total Expenditure (Excl Depreciation)

3,19,66,116.05

2,95,15,395.41

24,50,720.64

8.30%

Operating Profit (PBDIT) excl Other Income

3,25,051.68

-191,344.60

5,16,396.28

269.88%

Other Income

5,26,577.03

21,11,945.98

-15,85,368.95

-75.07%

Operating Profit (PBDIT)

8,51,628.70

19,20,601.38

-10,68,972.68

-55.66%

Interest

1,95,071.01

13,41,546.71

-11,46,475.70

-85.46%

Exceptional Items

38,544.93

0.00

38,544.93

Gross Profit (PBDT)

30,76,938.76

15,52,500.26

15,24,438.50

98.19%

Depreciation

0.00

Profit Before Tax

6,95,102.63

5,79,054.66

1,16,047.97

20.04%

Tax

1,55,533.97

69,867.57

85,666.40

122.61%

Provisions and contingencies

0.00

Profit After Tax

4,28,017.36

5,10,416.52

-82,399.16

-16.14%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

4,28,017.36

5,10,416.52

-82,399.16

-16.14%

Share in Profit of Associates

0.00

Minority Interest

1,11,551.29

-1,229.43

1,12,780.72

9,173.42%

Other related items

0.00

Consolidated Net Profit

5,39,568.66

5,09,187.09

30,381.57

5.97%

Equity Capital

0.00

Face Value

0.00

10,000.00

0.00

Reserves

60,20,649.50

2,48,05,877.49

-1,87,85,227.99

-75.73%

Earnings per share (EPS)

0.00

908.00

-908.00

-100.00%

Diluted Earnings per share

0.00

908.00

-908.00

-100.00%

Operating Profit Margin (Excl OI)

1.01%

-0.65%

0.00

1.66%

Gross Profit Margin

2.15%

1.97%

0.00

0.18%

PAT Margin

1.33%

1.74%

0.00

-0.41%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 32,29,116.77 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 6.32% vs 8.59% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 21.28% vs 11.73% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 53,956.87 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -26.31% vs -74.95% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -46.24% vs 150.63% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 32,505.17 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -87.27% vs -44.23% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -90.38% vs 935.78% in Dec 2024

Quarterly - Interest

Interest 19,507.10 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -43.26% vs 15.60% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -79.30% vs 55.82% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 1.01%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

YoY Growth in quarter ended Dec 2025 has fallen from Dec 2024