• Completed major investments in refining and convenience retail
• Delivered strong 2H25 performance, with EBITDA up 65% vs 1H25
• Targeting further growth through organic investments and balance sheet strengthening

Viva Energy Group Ltd reported its financial results for the year ended 31 December 2025. The company delivered a strong improvement in underlying EBITDA in the second half of FY2025, with 2H EBITDA up 65% compared to 1H. This was driven by acquisition synergies and improving trading performance in the Convenience and Mobility business. Key achievements in FY2025 included completing the acquisition of Liberty Convenience, standing up best-in-class ERP systems to operate a large-scale retail business, and commissioning new Ultra Low Sulphur Gasoline production units. The company also expanded its Aviation and Marine businesses, and commenced operations of its first public hydrogen refuelling station.Looking ahead, Viva Energy's growth agenda focuses on delivering on its retail strategy, improving cash contribution from refining, and shifting to organic growth opportunities. This includes plans to extend its OTR convenience network, maximise refining production, and strengthen its balance sheet through lower capital expenditure and earnings growth.

Viva Energy expects to deliver EBITDA of $701 million in FY2025, with net capital expenditure of $350 million to $400 million in FY2026.

The company plans to focus on organic growth opportunities, including expanding its OTR convenience network, maximising refining production, and strengthening its balance sheet. It expects to open 40 to 60 new OTR stores in FY2026, supported by the implementation of unified convenience supply chains and the deployment of the Fly Buys loyalty program within the OTR platform.