Highlights

  • First-half underlying replacement-cost EBITDA reached AUD 774 million.
  • Underlying replacement-cost NPAT was AUD 371 million.
  • Group fuel sales totalled 8.5 billion litres, while the gross refining Margin was US$21.1 per barrel.

Viva Energy Group Ltd (ASX:VEA) operates in the energy and resources sector and disclosed a series of operational and financial developments in its latest ASX release. Its shares were quoted at AUD 2.83 and slipped 2.75% on 28 October 2026. The company’s announcement sets out the reported results for its stated financial or operating period, with information on Business activity, operational indicators and management’s disclosed next steps. The update covers separately reported operational, financial and project measures for the periods identified by the company.

First-Half Group Earnings

Viva Energy’s half-year results to 30 June 2026 reported underlying replacement-cost EBITDA of AUD 774 million, compared with AUD 305 million in the prior comparative period. Underlying replacement-cost NPAT increased to AUD 371 million, compared with AUD 63 million. Group fuel sales were approximately 8.5 billion litres, up 1.3%. The group reported a Geelong refining margin of US$21.1 per barrel during the first half. Commercial and Industrial fuel sales increased 2.0%, while reported shop gross margin stood at 37.7%. These are the underlying replacement-cost measures disclosed by the company rather than statutory equivalents.

Geelong Refinery Operations

Viva reported a fire in the Mogas Alkylation complex at Geelong in April 2026. The company said the incident was contained to the affected unit and that preliminary findings pointed to a piping failure, with further investigation ongoing. Output was initially reduced before adjacent facilities were restarted following inspection and repairs. The company expected refinery production to remain above 90% of normal operating capacity until the alkylation unit was repaired or replaced, which it expected beyond 2027. The group also completed commissioning of an ultra-low-sulphur gasoline unit at Geelong, as described in its results presentation.

Capital and Business Segment Updates

Viva disclosed net Capital expenditure of AUD 123 million for the first half and net Debt of about AUD 1.7 billion. It reiterated an FY26 Capital Expenditure outlook of AUD 350–400 million and reported first-half dividends of 7.73 cents per share. The company described higher refining Earnings amid elevated regional margins, alongside contributions from Commercial and Industrial activities and Convenience and Mobility. It also reported the commissioning of a sustainable aviation fuel Facility in Brisbane with ARENA funding and progress on a Melbourne project. The reported safety metric, total recordable case frequency, was 5.5, down 21%.

The reported figures and operational updates were provided by Viva Energy Group Ltd (ASX:VEA) for the period identified in its filing. Forecasts, targets, proposed transactions and commissioning schedules are company statements rather than completed outcomes. Where the announcement describes conditions, dependencies or approvals, those qualifications remain part of the disclosed position. Financial measures and operating units are retained separately to avoid presenting different measures as interchangeable.

Viva’s presentation broke out the first-half EBITDA contribution across Commercial and Industrial, Convenience and Mobility, and Energy and Infrastructure. It attributed a substantial part of the overall improvement to refining Economics and higher sales. The company stated that it had maintained customer Supply through international disruption and supported Australian government contingency fuel cargoes totalling approximately 250 ML. The Group also reported net debt had reduced by AUD 355 million, to approximately AUD 1.7 billion. Its net capital expenditure and full-year outlook were presented separately, so the reported half-year spending should not be mistaken for the annual budget.

Source: Company ASX announcement; share figures provided for 28 October 2026.