• Underlying EBITDA (RC) of $748.6M, up 5% on FY2023
• Underlying NPAT (RC) of $254.2M, down 20.1% on FY2023
• Completed OTR acquisition, received approval for Liberty Oil Convenience acquisition

Viva Energy Group Limited has reported its FY2024 results, highlighting substantial progress on its strategic agenda. The company delivered an underlying EBITDA (RC) of $748.6 million, its second highest result in the company's history, driven by a record performance in the Commercial & Industrial business which delivered $469.9 million, up 5% on FY2023. The Convenience & Mobility business delivered $231.2 million, broadly in line with FY2023, but impacted by lower sales growth due to cost of living pressures and the effects of illicit tobacco trade. The Energy & Infrastructure business contributed $94.3 million amid weak regional refining margins in the second half, which triggered a Fuel Security Services Payment from the Federal Government. The company's net debt position at the end of 2024 was $1.8 billion, with term debt of $1 billion. The company determined a full-year dividend of $168.6 million, balancing the continued strong cash generation in the retail and marketing businesses against the investment requirements. During the year, Viva Energy successfully completed the acquisition of OTR Group of businesses and secured regulatory approvals for the Liberty Convenience acquisition, which is expected to complete in March 2025. The integration of the Express and OTR businesses is well underway, and the company expects to achieve significant operating synergies and accelerate conversion of Express to the OTR offer. The company continues to support customers in evaluating and trialling lower emission fuel alternatives, and has made progress in reducing the carbon content of the fuel produced at its Geelong Refinery. Looking ahead, the company remains confident in its ability to navigate the evolving market landscape and is focused on executing its strategy, driving growth, and delivering long-term value to shareholders.

Viva Energy expects to open its Hydrogen Refuelling Station at Geelong in the first half of 2025. The company is also working to establish a supply chain to collect, sort and pre-process hard-to-recycle materials to produce recycled plastics on a commercial basis at its Geelong Refinery.