Virgin Australia Holdings Limited.
VGN.ASXIndustrials
Airline
Market Data
$2.740
-0.0%$2.2B
6.3x
$0.438
0.00%
-0.1%
Latest Earnings
HY26 Financial Results ASX Release
27 February 2026
Virgin Australia delivered strong 1HFY26 results with underlying EBIT up 11.7% to $490m and revenue growth of 9.3% to $3,323m, driven by robust leisure travel demand and benefits from the transformation program. Underlying NPAT grew 20.7% to $279m while net debt/EBITDA improved to 0.9x, well below the 1-2x target range. Management expects continued EBIT and margin growth in 2HFY26 despite persistent cost pressures from airport charges and maintenance. Key points: Underlying EBIT grew 11.7% to $490m with margin expansion of 40bps to 14.8%, demonstrating pricing power despite cost inflation; Underlying NPAT up 20.7% to $279m driven by strong EBIT and now in tax-paying position after utilising all tax losses from exit of administration; Revenue growth of 9.3% to $3,323m supported by strong leisure demand with RASK growth of 6.4%, outpacing cost increases
Recent Announcements
Becoming a substantial holder
Pinnacle Investment Management Group Limited became a substantial holder (20%).
Ceasing to be a substantial holder
Pinnacle Investment Management Group Limited ceased to be a substantial holder (20%).
Market Update - April 2026
Virgin Australia provided an April 2026 market update noting that while jet fuel prices have doubled since late February, strong customer demand and effective hedging (92% of Brent crude, 71% of refining margins) will limit FY26 impact to approximately $30-40m in additional fuel costs, with airfare and capacity adjustments offsetting impacts and leaving full-year financial guidance unchanged.
Becoming a substantial holder
Pinnacle Investment Management Group Limited became a substantial holder (20%).
HY26 Financial Results Investor Presentation
Virgin Australia released its 1HFY26 (half-year ended 31 December 2025) financial results showing underlying EBIT of $490m (up 11.7%), revenue of $3,323m (up 9.3%), and underlying NPAT of $279m (up 20.7%), with EBIT margin expanding to 14.8% driven by strong customer demand, transformation benefits, and RASK growth of 6.4%.
HY26 Financial Results ASX Release
Virgin Australia delivered strong 1HFY26 results with underlying EBIT up 11.7% to $490m and revenue growth of 9.3% to $3,323m, driven by robust leisure travel demand and benefits from the transformation program. Underlying NPAT grew 20.7% to $279m while net debt/EBITDA improved to 0.9x, well below the 1-2x target range. Management expects continued EBIT and margin growth in 2HFY26 despite persistent cost pressures from airport charges and maintenance. Key points: Underlying EBIT grew 11.7% to $490m with margin expansion of 40bps to 14.8%, demonstrating pricing power despite cost inflation; Underlying NPAT up 20.7% to $279m driven by strong EBIT and now in tax-paying position after utilising all tax losses from exit of administration; Revenue growth of 9.3% to $3,323m supported by strong leisure demand with RASK growth of 6.4%, outpacing cost increases
HY26 Appendix 4D and Interim Financial Report
Virgin Australia delivered strong 1HFY26 results with Underlying EBIT of $490.4m (up 11.7% yoy) and revenue growth of 9.3% to $3,322.9m, driven by solid operational performance, robust demand, and $200m+ in Transformation Program benefits. Statutory NPAT decreased to $341.1m (down 27.9%) primarily due to prior-year deferred tax asset recognition, but underlying NPAT improved 20.7% to $278.7m; management expects continued margin expansion as transformation execution and demand growth offset persistent inflationary cost pressures. Key points: Underlying EBIT of $490.4m, up 11.7% yoy, with underlying EBIT margin expanding 40bps to 14.8%; Strong revenue growth of 9.3% to $3,322.9m driven by 6.4% RASK improvement and solid capacity discipline; Transformation Program delivered $200m+ in gross benefits in H1 through revenue enhancements, cost improvements, and Velocity optimisation
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