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Virgin Australia Holdings Limited (ASX:VGN)

ALERT: Price-sensitive ASX Announcement for VGN
Current share price for VGN : $3.030 -0.12 (-3.81%)+
Announcement
Release
27 Feb 2026 8:17AM
Price at Release
$3.150
Full Release
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Summary
Virgin Australia Holdings Limited announced strong financial results for the half year ending 31 December 2025. The company reported an underlying EBIT growth of 11.7% to $490 million, with significant contributions from the Velocity loyalty program and a focus on transformation and innovation. Revenue increased by 9.3%, primarily driven by strong demand for leisure travel and commercial transformation efforts. The underlying net profit after tax (NPAT) rose to $279 million, marking a 20.7% increase compared to the previous year. Virgin Australia's strategic initiatives, including a disciplined investment approach and operational improvements, resulted in enhanced customer satisfaction and operational performance. The company maintained a strong balance sheet, with net debt at 0.9x underlying EBITDA. Looking ahead, Virgin Australia plans to expand its fleet with additional Boeing 737-8 (Max) aircraft and anticipates continued growth in EBIT and revenue, driven by sustained travel demand and the impact of its transformation program.
Key Points
  • Virgin Australia reported underlying EBIT growth of 11.7% for 1HFY26.
  • Revenue increased by 9.3% driven by strong leisure travel demand.
  • Underlying net profit after tax increased by 20.7% to $279 million.
  • Velocity loyalty program contributed significantly with a 14.8% increase in EBIT.
  • Operational performance improved with a high completion rate of 98.5%.
  • Net debt stood at 0.9x underlying EBITDA, below target range.
  • Virgin Australia plans further fleet expansion with Boeing 737-8 (Max) aircraft.
  • Expect continued growth in EBIT and revenue for FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.