Virgin FY25 results

[Saab34]

Today they release FY25 results to the market listed as ASX:VGN. Webcast will be at 1030, Presentation will be released to the ASX within the next hour.

Numbers had been forecasted in the Prospectus, not sure if we will see any further announcements today in regards to anything else ie more fleet.

Early days but share price trending north, some have a BUY $3.90 short term on it.

Webcast here: Virgin Australia - FY25 Result Market Briefing

 

[markis10]

Things slightly better than forecast, more planes arriving sooner than forecast by a few units, otherwise a steady ship sailing in calm waters

 

[Harrison_133]

Documents have hit the ASX.

FY25 result overview

• Pro forma underlying NPAT: $331m (up 27.8% on FY24)
• $479m Statutory NPAT (Down 12.3% on FY24)
• Pro forma underlying EBIT: $650m (up 29.6% on FY24)
• Revenue: $5,810m (up 8.5% on FY24)
• Pro forma underlying EBIT margin: 11.2% (up 1.8% on FY24)

Airline segment overview

• Underlying EBIT: $535m (up $143m on FY24)
• Underlying EBIT margin: 9.6% (up from 7.6% on FY24)
• ASK growth: 4.2%
• RASK growth: 4.0%
• Load Factor: 84.9% (up from 83.0% on FY24)
• On Time Performance: 76.8% (up from 69.6% on FY24)
• Strategic Net Promoter Score: 27 (up 4 points on FY24)

Velocity segment overview

• Underlying EBIT: $127m (up $12m on FY24)
• Underlying EBIT margin: 28.3% (up from 28.2% on FY24)
• Underlying revenue: $450m (up 10.0% on FY24)
• 900,000+ new members
• 12% growth in active members

Fleet updates

• 1 737-8 due for delivery in July 2026 brought forward to June 2026
• 6 737-800 exits by June 2026

Source: https://cdn-api.markitdigital.com/a...23&v=c2533a54e2514fb77a8f93f84db686e1125273e9

 

[moa999]

From the airline table.
VA to begin retiring 737s with six departing FY26.
VARA to cease flying both F100s and A320s in FY26.

Allowed for by delivery of 13 MAX8s and 4 E2s in FY26 - a much higher cadence than for QF.

 

[LionKing]

So the so-called enhancements to the frequent flyer program actually did upped the budget bottom line for Virgin Australia instead of destroying them.
I suppose that's because the travel demand is so huge that the two airlines are riding the wave now.

 

[SeatBackForward]

I suppose that's because the travel demand is so huge that the two airlines are riding the wave now

I'm going to struggle to correctly reference this comment, it may have been a former chairman of Qantas, who said "there's room for one and half airlines in Australia".

 

[leesionn]

So the so-called enhancements to the frequent flyer program actually did upped the budget bottom line for Virgin Australia instead of destroying them.
I suppose that's because the travel demand is so huge that the two airlines are riding the wave now.

I think it's too early to make that call just yet.

They've had 1 quarter to the end of FY25 since the new method of earning status was implemented, and the new FF program criteria for status don't kick in till Oct 1. Probably get a deeper, more accurate insight in FY26 and FY27

 

[Layslow]

Any product or lounge announcements ?