VGN FINANCIAL STATEMENTS

Virgin Australia Holdings Ltd — balance sheet, income statement and cash flow trends

VGNVirgin Australia Holdings Ltd

🇦🇺 Australia · AU · Industrials · Airlines

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
01 B2 B3 B202320242025

Profit Funnel

Q2 2025 · TTM
Revenue2.7 B A$Gross Profit849.5 M A$ · 31%Operating Income656.3 M A$ · 24%Pre-tax Income306.5 M A$ · 11%Net Income283.2 M A$ · 10%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue2.7 B A$+37.3%
Gross Profit849.5 M A$+42.1%
Operating Income656.3 M A$+9.8%
EBITDA433.4 M A$-10.3%
Net Income283.2 M A$-14.4%

Peer Comparison· Airlines

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
VGN-5.6%30.9%15.8%10.3%
ULCC-0.5%5.9%-7.1%-9.6%
NAS7.0%45.8%—8.2%
PGSUS7.0%14.6%19.5%5.3%
ALGT3.3%30.9%12.9%-1.3%
JBLU-0.5%39.7%4.8%-7.8%
Industry median5.0%26.6%15.8%5.3%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
02 B4 B202320242025

Capital Structure

Q2 2025
Total Assets5.2 B
  • Current Liabilities3 B A$54%
  • Long-term Liabilities2.6 B A$46%

Key Figures

YoY change
Total Assets5.2 B A$—
Total Liabilities5.6 B A$—
Total Equity-437.5 M A$—
Cash & ST Investments1.3 B A$—
Total Debt2.3 B A$—
Net Debt1.1 B A$—

Peer Comparison· Airlines

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
VGN0.58-532.7%2.42-8.4%
ULCC0.492,364.0%-16.523.2%
NAS1.10——19.1%
PGSUS0.97206.4%5.3227.5%
ALGT0.91169.1%2.8024.8%
JBLU0.70515.7%16.1310.9%
Industry median0.66141.0%1.9321.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
0250 M500 M750 M202320242025

Cash Flow Bridge

Q2 2025 · TTM
0250 M500 M750 M792.9 M A$Operating-51.8 M A$Investing-498.9 M A$Financing242.2 M A$Net Change

Key Figures

YoY change
Operating Cash Flow792.9 M A$+202.4%
Capital Expenditures311 M A$+216.1%
Free Cash Flow481.9 M A$+194.2%
Dividends Paid——

Peer Comparison· Airlines

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
VGN28.9%17.5%11.3%280.0%
ULCC-10.5%-12.6%5.3%109.0%
NAS71.1%21.6%34.1%869.9%
PGSUS21.7%21.7%2.0%410.4%
ALGT17.7%6.8%10.8%-1,359.0%
JBLU-1.0%-10.4%9.4%12.3%
Industry median15.6%5.3%9.6%269.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.