• Improving safety performance across retail business
• Challenging trading conditions for Refining and Retail offset by continued strength in Commercial
• Focused on reducing gearing including RCF towards 2.0x by end-FY2027

Viva Energy Group Ltd reported its 2025 Half Year Results, with the company delivering improved safety performance across its retail business as common standards and processes are applied. The company saw challenging trading conditions for its Refining and Retail segments, offset by continued strength in the Commercial & Industrial business. The Convenience & Mobility division delivered a stronger performance in 2Q2025, while the Commercial & Industrial segment continued to deliver consistent performance. The Energy & Infrastructure business benefited from strengthening refining margins towards the end of 1H25. The company recorded significant items including a $245M impairment at the individual site level, primarily related to right of use assets across its SMGB, Express, Store24 and OTR networks. Viva Energy's gearing is at 1.66x, just above its target range of 1.0 - 1.5x, and the company is focused on reducing gearing including its revolving credit facility towards 2.0x by the end of FY2027 as its intensive capex period concludes, earnings initiatives take effect, and market conditions improve. The company determined an interim fully franked dividend of 2.83 cps, representing a 50% payout ratio of its Convenience & Mobility and Commercial & Industrial NPAT (RC) and 73% of the Group.