• Completed OTR acquisition with substantial progress on integration
• Challenging retail trading environment impacted by cost-of-living pressures
• Strong performance in Commercial & Industrial and Energy & Infrastructure segments

Viva Energy Group Ltd reported its FY2024 results, with EBITDA of $749M (+5% y/y) and NPAT of $254M. The company completed the acquisition of OTR Group and made substantial progress on integration, while also obtaining regulatory approval to acquire Liberty Convenience. However, the Convenience & Mobility segment faced a challenging retail trading environment, with sales pressure and rising operating costs impacting both the Express and OTR businesses. This was partly offset by strong sales growth and acquisitions in the Commercial & Industrial segment, as well as improved operating performance in the Energy & Infrastructure segment. The company also commissioned 90ML of Strategic Storage, completed the bitumen export line, and installed capability to receive and process waste and bio-genic feedstocks. Overall, Viva Energy delivered a solid financial performance despite the challenging conditions.

Viva Energy expects to deliver over $90M in annualised synergies from the OTR acquisition over the next 2 years.