Viva Energy (ASX:VEA) has released its fourth-quarter operating update for 2025, revealing a 1.1% increase in total group sales volumes compared to the previous year.
The growth was largely propelled by a robust performance in the commercial & industrial segment, where high demand in the aviation sector successfully offset a slowdown in marine volumes.
The convenience & mobility division faced a more complex quarter.
Fuel sales volumes dipped 1.5% on an adjusted basis, hampered by store conversions and the mandated divestment of 15 Liberty Convenience sites.
Total convenience sales fell 11.4%, a decline primarily attributed to a 33.6% collapse in tobacco sales caused by the ongoing impact of illicit trade.
Despite this, the company saw a silver lining in its retail strategy: excluding tobacco, sales at OTR format stores rose 1.9%, and the total convenience gross margin improved to 42.2%.