• Total Group sales volumes up 0.8% in 4Q2024
• Commercial & Industrial achieved record quarterly sales
• Convenience and Mobility fuel sales grew 2.0% in 4Q2024

Viva Energy Group Limited has provided an update on its operations for the three months ended 31 December 2024 (4Q2024), the unaudited financial result for the 12 months ended 31 December 2024 (FY2024), and an update on the Geelong Refinery outage that occurred on 12 January 2025. Total Group sales volumes were 4.4 billion litres (BL), up 0.8% compared to 4Q2023, driven by strong performance in the Commercial & Industrial (C&I) and Convenience & Mobility (C&M) segments. C&I achieved a record quarterly sales result of 3BL, particularly supported by Aviation, Transport and Agriculture. C&M fuel sales grew 2.0% compared to 4Q2023, driven by network growth and seasonally stronger consumer demand. Convenience and quick-service restaurant sales (excluding tobacco) were broadly flat, but improved gross margin (40.4%) largely offset the margin impact from lower tobacco sales. The Geelong Refining Margin (GRM) was US$6.7/BBL on crude intake of 9.3MBBLs, with production of refined products negatively impacted by late crude arrivals, an unplanned outage of the residual catalytic cracking unit (RCCU), and other minor planned maintenance. Viva Energy expects the EBITDA (RC) impact of the Geelong Refinery outage to be approximately A$20 million.

Unaudited Group EBITDA (RC) is expected to be approximately $750 million in FY2024, with the C&M segment expected to be near the bottom of its guidance range (between $230 million and $260 million) due to lower retail fuel margins and the impact of illicit tobacco.