Key Highlights

  • Viva Energy (ASX:VEA) closed at $2.89, up 3.58%, on 26 October 2026.
  • 1H26 Group EBITDA (RC) was $774.4 million, up from $304.9 million a year earlier.
  • An Interim Dividend of 7.73 cents per share was declared, and net Debt fell to about $1.7 billion.

Viva Energy Group Ltd (ASX:VEA) closed at $2.89, up 3.58%, in the Trading session on 26 October 2026, while the S&P/ASX 200 closed at 8,809.9, up 0.17%, and the S&P/ASX 200 Energy index gained 0.92%. Viva Energy is a Melbourne-based fuel supplier and refiner that operates the Geelong refinery and a retail and commercial fuels network.

Half-Year Results Released on 25 August 2026

Viva Energy reported Group EBITDA (RC) of $774.4 million for the half year ended 30 June 2026, up from $304.9 million, with EBIT (RC) of $616.1 million against $176.0 million and NPAT (RC) of $371.1 million against $62.6 million. Sales volumes were 8,490 ML, up 1.3%. The company said Earnings grew across all Business units.

The interim dividend of 7.73 cents per share represents a 70% payout of Convenience and Mobility and Commercial and Industrial NPAT (RC), the top end of the dividend policy, compared with 2.83 cents a year earlier. Positive Operating Cash Flow reduced net debt to about $1.7 billion at 30 June 2026 from $2.1 billion at the end of 2025.

Segment Performance

Energy and Infrastructure delivered EBITDA (RC) of $353.7 million, compared with $18.4 million, as the Geelong Refining Margin rose to US$21.1 per barrel from US$8.2, partly offset by the effect of an alkylation unit fire at the Geelong refinery. Refining intake was 19.7 million barrels, up 4.5%.

Convenience and Mobility EBITDA (RC) was $138.7 million, up from $74.4 million, helped by higher fuel volumes, which rose 2.0% to 2,626 ML, a full period of the Liberty Convenience Acquisition completed on 31 March 2025, and more customer visits. Commercial and Industrial EBITDA (RC) was $305.4 million, up 28.4%, on fuel volumes of 5,865 ML. Corporate costs were $23.4 million.

Viva says its Convenience and Mobility business improved through the half, with growth in both fuel volumes and convenience sales excluding tobacco, although total convenience sales were $803 million, down 3.8%. The refinery earnings were partly offset by the effect of the alkylation unit fire at Geelong. Commercial and Industrial benefited from growth in sales volumes and favourable term Supply arrangements during a period of market volatility.

About Viva Energy

Viva Energy operates through three segments: Convenience and Mobility, which includes the retail network and convenience stores; Commercial and Industrial, which supplies fuel to business customers; and Energy and Infrastructure, which covers the Geelong refinery and terminals. Its chief executive said the half was shaped by geopolitical events that disrupted global energy markets, and that the integrated supply chain was used to maintain supply.

The chief executive said that geopolitical events caused significant disruption across global energy markets in the half and that Viva worked with governments, customers and suppliers to maintain production and supply. The company noted a Liberty Convenience acquisition completed on 31 March 2025, which contributed for the full period.

Risks and Catalysts on Watch

The result reflects an elevated refining margin environment, and the company notes the Geelong alkylation unit fire reduced earnings in the period. The dividend payout is at the top of the policy range, and net debt of about $1.7 billion remains a stated Balance Sheet measure.

Wrapping Up

Viva Energy's first-half figures show higher earnings in every segment and lower net debt. The shares closed up 3.58% on 26 October.92%.