• 2HFY25 EBITDA up 33% on prior year and 30% on 1HFY25
• Highest ever Commercial & Industrial sales volumes
• Completed Liberty Convenience acquisition, opened 35 new OTR stores

Viva Energy Group Ltd today announced the Group's financial results for the full year ended 31 December 2025 (FY2025). The company reported 2HFY25 EBITDA of $396M, up 33% on the same period last year and 30% on 1HFY25, reflecting improved operational performance and stronger market conditions. The Group's Commercial & Industrial (C&I) business delivered its highest ever sales volumes, supporting FY25 EBITDA of $460M and extending the company's track record of consistent and reliable earnings. The Convenience & Mobility (C&M) business also saw stronger earnings in 2HFY25 as fuel margins strengthened, acquisition synergies and cost savings were realised. During the year, Viva Energy completed the full acquisition of Liberty Convenience and opened 35 new OTR stores (including conversions). The company also implemented best-in-class ERP systems to operate its large-scale multi-brand retail business and exited the Coles transitional services arrangements. In the Energy & Infrastructure (E&I) segment, Viva Energy safely delivered the planned five-yearly major maintenance of its Geelong Refinery and successfully commissioned the Ultra Low Sulphur Gasoline plant ahead of regulated changes in fuel specifications in December 2025. Group EBITDA (RC) for FY2025 was $700.9 million, with results impacted by weak performance in 1H2025 in both C&M and E&I. Looking ahead, Viva Energy expects FY26 to represent the final year of retail integration, with the implementation of independent convenience supply chains and the exit of Coles product supply arrangements. The company plans to open a further 40-60 new OTR stores, which are expected to support improving sales, margins and earnings momentum. Underlying global demand outlook remains solid, but geopolitical uncertainty is expected to continue to drive volatility in energy markets.

Viva Energy expects capital spend in FY2026 to be approximately $350 - 400 million. Total net debt to EBITDA (RC) is 3.0x and is on track to reduce towards ~2.0x by the end of 2027.

Viva Energy has had a strong start to the year, with both the Convenience and Commercial businesses performing well and offsetting a relatively weak period for refining margins. FY26 represents the final year of retail integration, with the implementation of independent convenience supply chains proving the platform to improve supply chain efficiencies and exit the Coles product supply arrangements in Q4. The company expects to open a further 40 - 60 new OTR stores (including conversions) which are expected to support improving sales, margins and earnings momentum through FY26 and beyond.