Viva Energy reports 154% half year profit jump
- Viva Energy Group recorded a 154% surge in group EBITDA (RC) to $774.4 million for the first half ended June 30.
- The strong earnings growth enabled an interim dividend payout of 7.73 cents per share.
- Higher refining margins and strong sales across commercial, industrial, and retail segments drove the performance.
Viva Energy (ASX:VEA) reported a 154% increase in underlying EBITDA (RC) to $774.4 million for the half year ended June 30, driven by growth across all business units amid the conflict in the Middle East, which has disrupted global energy flows.
The result shows a significant rebound compared to the prior corresponding period, when the business generated EBITDA (RC) of $304.9 million and net profit after tax of $62.5 million.
"The first half of this year was shaped by geopolitical events which have caused significant disruption across the global energy markets. Strong cash conversion has strengthened our balance sheet with net debt reducing from $2.1 billion at the end of 2025 to $1.7 billion at June 30," said Viva Energy Group CEO Scott Wyatt.
Operations in the Energy & Infrastructure division generated $353.7 million in EBITDA (RC), up from $18.4 million in the prior period, benefiting from elevated refining margins despite an Alkylation unit fire at Geelong Refinery.
The Geelong refinery in Victoria, which suffered a fire earlier in the year, was focused on optimising operations to capture
"supportive" refining margins, which Wyatt said should remain "strong" through the rest of the year.
Following the announcement, the Viva Energy share price was up at $2.85.
The group generated positive operating cash flow during the half, reducing net debt to approximately $1.7 billion as of June 30.
Total fuel sales volume across the entire business reached 8,490 million litres, reflecting a 1.3 per cent increase over the prior year's volume of 8,378 million litres.
