VietJet Aviation (VJC) Q2 2026 earnings summary

Executive summary

• Consolidated revenue for Q2 2026 reached VND 30.5 trillion, up from VND 17.9 trillion in Q2 2025, driven by strong growth in both domestic and international routes, ancillary services, and aircraft sales.

• Net profit after tax for the quarter was VND 349 billion, compared to VND 653 billion in Q2 2025, reflecting higher costs and financial expenses.

• For the first half of 2026, net profit attributable to shareholders was VND 1.35 trillion, with basic EPS of VND 2,277.

Financial highlights

• Gross profit for Q2 2026 was VND 1.7 trillion, up from VND 2.4 trillion in Q2 2025, as cost of goods sold increased sharply due to higher flight operation and aircraft sales costs.

• Financial income for Q2 2026 was VND 1.14 trillion, while financial expenses rose to VND 1.52 trillion, mainly from interest and foreign exchange losses.

• Cash and cash equivalents at 30 June 2026 stood at VND 4.0 trillion, down from VND 11.0 trillion at the start of the year.

• Total assets increased to VND 149.1 trillion from VND 139.4 trillion at the start of the year.

• Owners' equity rose to VND 26.4 trillion, reflecting new share issuance and retained earnings.

Outlook and guidance

• The company continues to expand its fleet and invest in infrastructure, with construction in progress rising to VND 19.1 trillion.

• Deferred tax assets and tax loss carryforwards indicate ongoing efforts to optimize tax positions post-pandemic.