• Statutory loss after tax of $195.4M, with net profit after tax on a replacement cost basis of $62.6M
• Convenience & Mobility segment impacted by lower sales and fuel margins in 1Q2025
• Energy & Infrastructure segment to benefit from new Ultra-Low Sulphur Gasoline processing capability

Viva Energy Group Limited reported a statutory loss after tax of $195.4M for the first half of 2025, with net profit after tax on a replacement cost basis of $62.6M. The Group's performance was impacted by lower sales and fuel margins in the Convenience & Mobility (C&M) business during the first quarter of 2025, and the generally weak refining margin environment which prevailed through much of the half-year period. The C&M segment is the largest integrated convenience and fuel network in Australia, with an operating network of almost 900 sites. The Commercial & Industrial (C&I) segment continues to perform well and provides meaningful earnings stability and resilience. The Energy & Infrastructure (E&I) segment, which includes the Geelong Refinery, is making good progress on the construction of Ultra-Low Sulphur Gasoline processing capability, which is expected to be commissioned in October 2025. Over the long-term, the Group remains positive about the outlook for the E&I business and have commenced a review of the Fuel Security Services Payment mechanism with the Federal Government. Together with earnings growth from the C&M business, and potential for stronger refining margins, the Group expects to exit 2025 with positive momentum in all parts of the business.

The Group expects to exit 2025 with positive momentum in all parts of the business, with earnings growth from the Convenience & Mobility segment and potential for stronger refining margins as the Group completes the major maintenance program and commences ultra-low sulphur gasoline production.

The Group remains positive about the long-term outlook for the Energy & Infrastructure business and have commenced a review of the Fuel Security Services Payment mechanism with the Federal Government. The Commercial & Industrial business continues to perform well and provides meaningful earnings stability and resilience through a period of change.