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Viva Energy Group Limited (ASX:VEA)

ALERT: Price-sensitive ASX Announcement for VEA
Current share price for VEA : $2.710 0.27 (11.07%)+
Announcement
Release
28 Jul 2026 8:51AM
Price at Release
$2.440
Full Release
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Summary
Viva Energy Group Limited reported its 1H26 Trading Update and Unaudited Financial Results, highlighting a substantial increase in Group EBITDA (RC) to approximately $770 to $780 million from $305 million in the previous year. This improvement was driven by elevated regional refining margins, particularly at the Geelong Refinery despite a fire incident, and robust retail fuel sales. The company's Commercial & Industrial segment showed growth due to strong resource sector demand and hedging strategies, while the Convenience & Mobility segment saw an increase in fuel sales and customer visits. The report also noted a decrease in net debt and ongoing network development plans, including integration and expansion of retail sites.
Key Points
  • 1H26 Group EBITDA (RC) expected at $770-$780 million.
  • Significant refining margin improvements at Geelong Refinery.
  • Commercial & Industrial sales volumes grew by 1.0%.
  • Retail fuel sales and customer visits increased.
  • Net debt reduced to $1.7 billion as of 30 June 2026.
  • Integration of OTR and Reddy express networks ongoing.
  • Approximately 20-25 new OTR stores planned in FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.