Vietnam Airlines (stock code: HVN), the Vietnam Airlines Corporation, has recently announced its Q4/2025 business results.
According to the consolidated financial report, in Q4/2025, Vietnam Airlines recorded a consolidated revenue of VND 32,342 billion, a 12% increase compared to the same period last year. The pre-tax consolidated profit reached nearly VND 540 billion.
During the final quarter, the airline maintained a high seat utilization rate, with increased passenger and cargo transportation volumes, particularly on international and regional routes—key markets contributing significantly to revenue and profit margins.
Additionally, Vietnam Airlines expanded its international network by increasing flight frequencies on key routes and effectively capitalizing on the year-end peak season.
Thanks to the positive results in Q4, for the full year 2025, Vietnam Airlines achieved a record-high consolidated revenue of over VND 121,429 billion, a 10% increase from the previous year. The post-tax consolidated profit exceeded VND 7,713 billion, with the parent company’s post-tax profit reaching VND 5,509 billion, doubling compared to the same period.
The company also contributed VND 3,286 billion to the state budget, a 5% increase year-on-year.
In 2025, Vietnam Airlines successfully issued 897,104,037 shares, increasing its capital to VND 8,971 billion. Both the parent company’s and consolidated equity as of December 31, 2025, saw an increase, eliminating negative equity. Moving forward, the airline will continue to implement robust measures to enhance operational efficiency.
For 2026, Vietnam Airlines aims to transport 29.07 million passengers, a 13.2% increase from 2025, and plans to boost available seat kilometers by approximately 13%, leveraging the growth momentum in the Asia-Pacific aviation market.
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In 2025, Hoa Phat achieved cumulative annual revenue of VND 158,332 billion and after-tax profit of VND 15,515 billion, reaching 93% and 103% of the set targets, respectively. These figures represent a 13% increase in revenue and a 29% surge in profit compared to 2024.


















