Viva Energy Profit Jumps 493% as Earnings Hit Record
Synopsis
Viva Energy posted record first-half earnings for FY2026, supported by stronger refining margins, higher sales and improved performance across its businesses.
Viva Energy posted record earnings over the June 30, 2026 six months. Group EBITDA rose to $774.4 million, up from $304.9 million previously in the same period last year
Completed terrain profit post tax came in at $371.1 million, compared to $62.6 million beforehand, a y-o-y impulse of 493%. The positive result benefited from better refining margins, higher sales and from strong performance throughout many areas of the business.
Business Performance
EBITDA from Energy & Infrastructure increased $353.7 million, mainly due to improved refining margins The business also experienced improved sales volumes and favourable supply agreements.
Our Convenience & Mobility EBITDA increased 86%, to $138.7 million, supported by higher retail fuel sales and improved customer traffic Viva Energy recovered from a fire at its Geelong Refinery in April, with June seeing the restoration of safe operations and all units back on line.
Higher Dividend and Lower Debt
Viva Energy upgraded its interim dividend by 3.9 cents to 7.73 cents per share, from 3.83 cents previously The payout lies at the top end of the company’s dividend policy. On June 30, net debt also decreased to $1.7 billion versus $2.1 billion at the end of 2025. The company used the period’s strong cash flow to pay down debt.
The dividend is charged against 70% of net profit after tax from the Commercial & Industrial and Convenience & Mobility segments. Viva Energy said any extra dividend tied to refining earnings would be decided as the year ended.
Outlook
Viva Energy expects fruitful business with the forecast of improvements in productivity while it continues to expand its OTR network. During 2026, the company anticipates opening approximately 20 to 25 OTR locations and relocating several existing sites.
Work on supply chain changes was due to be completed by November, which is expected to improve store ranges and availability of private label products.
Commercial & Industrial earnings should remain robust, though the high levels of contract coverage are likely to moderate. Location Geelong Refinery Focus on strong refining margins and continued discussion with Federal Government on fuel security measures
Source: Motley Fools
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