According to an announcement from the Ho Chi Minh City Stock Exchange (HoSE), Vietnam Airlines has rectified the issues that led to HVN shares being placed under trading restrictions. Consequently, from 14/7, the stock will resume normal trading, having previously been limited to afternoon sessions.

Concurrently, HoSE is moving HVN shares from controlled status to warned status. Based on the audited consolidated financial statement for 2025, Vietnam Airlines achieved non-negative owner's equity, non-negative after-tax profit, and received an unqualified audit opinion on its financial statement. However, the airline still carries accumulated losses, so the stock will remain under warned status.

At the close of trading on 10/7, HVN shares decreased by 0.59% to 25,400 VND, with over one million units traded. Compared to 22,300 VND per share on 13/4, the market price has risen by nearly 14%.

According to the 2025 annual report, Vietnam Airlines had 27,203 shareholders by the end of the year. Last year, the airline reported net revenue of 121,207 billion VND, a 13.6% increase from the previous year. Pre-tax profit reached 8,168 billion VND, marking the second consecutive year of profitability after the period affected by Covid-19. By the end of 2025, consolidated owner's equity reached 6,730 billion VND, ending its negative equity status.

Despite this, Vietnam Airlines still has accumulated undistributed after-tax losses of 26,686 billion VND, preventing it from paying dividends. The airline's management expects to clear all accumulated losses in the 2030-2032 period before allocating resources for shareholder dividends.

For 2026, Vietnam Airlines targets consolidated revenue of 138,899 billion VND and an after-tax profit of approximately 22 billion VND. This is a significant decrease from the previous year, attributed to pressure from fuel prices. The airline also completed an offering of 900 million shares to existing shareholders at 10,000 VND per share, raising nearly 8,971 billion VND. These funds will supplement capital, prioritize debt repayment, and support development investments. This year, the company plans to invest approximately 5,200 billion VND, focusing on wide-body aircraft acquisition and leasing, along with aviation service projects at Long Thanh airport.

Thi Ha