• Total Group Sales Volumes increased by 0.9% on the prior corresponding period
• Convenience gross margin lifted by 3.5% to 41% due to product mix, ranging and pricing initiatives
• Refining intake down 23% on PCP due to planned major maintenance, with Geelong Refinery Margin improving to US$11.3/BBL

Viva Energy Group Limited (Viva Energy or the Company) has provided an operating update for the three months ended 30 September 2025 (3Q2025). Total Group Sales Volumes increased by 0.9% on the prior corresponding period (PCP), with Commercial & Industrial (C&I) fuel and specialty sales increasing 2.4% driven by growth in the lower margin Aviation business, partially offset by Convenience and Mobility (C&M) fuel sales being down 2.3% in line with the broader retail fuels market and reductions in the number of stores. Convenience sales excluding tobacco were in-line with the PCP, and while tobacco sales continued to decline (down 15% compared with 2Q2025), tobacco sales on a month-to-month basis were steady through 3Q2025. Convenience gross margin lifted by 3.5% to 41% as a result of changes in product mix, product ranging and pricing initiatives. Refining intake for the quarter was 7.8 MBBL, down 23% on PCP, reflecting the planned major maintenance of the Residual Catalytic Cracking Unit (RCCU) which was successfully restarted in mid-October. The refinery is expected to return to fully optimised production from mid-November when the Ultra Low Sulphur Gasoline (ULSG) unit comes on-line. Geelong Refinery Margin (GRM) of US$11.3/BBL in 3Q2025 improved from $8.50/BBL in 2Q2025.

The company remains on track to deliver $80 million in synergy and cost out benefits for the Group in FY25, including an incremental $35 million for C&M in 2H2025.

C&M is expected to benefit from a seasonally stronger fourth quarter, improving execution, and lower cost base relative to the PCP. C&I is expected to be impacted by reduced Marine activity as a result of a softer than normal cruise season. The Geelong refinery is expected to return to fully optimised production following the commissioning and start-up of the ULSG unit from mid-November, well ahead of Australia's new fuel quality standards which take effect from mid-December 2025.