VietJet Aviation (VJC) Q1 2025 earnings summary

Executive summary

• Achieved net revenue of VND 17,952 billion in Q1 2025, up slightly from VND 17,792 billion year-over-year.

• Net profit after tax reached VND 641 billion, a 19% increase compared to Q1 2024.

• Gross profit improved to VND 2,404 billion, up from VND 1,745 billion year-over-year.

Financial highlights

• Gross margin rose to 13.4% from 9.8% year-over-year.

• Financial income was VND 406 billion, while financial expenses increased to VND 1,143 billion.

• Basic earnings per share increased to VND 1,183 from VND 990 year-over-year.

• Cash and cash equivalents at quarter-end were VND 2,224 billion, down from VND 4,559 billion at the start of the year.

• Total assets stood at VND 98,766 billion, with owners' equity at VND 17,827 billion.

Outlook and guidance

• The company continues to focus on expanding international routes and ancillary revenue streams.

• Ongoing investments in fleet and infrastructure to support growth.