Viva Energy Group (VEA) Trading Update summary

Financial performance

• Unaudited group EBITDA (RC) for 1H2025 expected at approximately $300 million, above guidance midpoint, with C&M and C&I contributing around $310 million before corporate costs.

• C&I EBITDA (RC) is largely in line with 1H2024, while E&I delivered a positive contribution offset by corporate costs.

Sales and volumes

• Total group sales volumes declined 1.6% to 8,375 ML in 1H2025 compared to 1H2024.

• Convenience & Mobility fuel sales fell 0.5%, while Commercial & Industrial sales dropped 2% year-on-year.

• Convenience sales decreased 10% due to a 27% fall in tobacco sales, partially offset by higher gross margin.

• Convenience sales excluding tobacco were down 2% versus 1H2024, with 2Q2025 flat year-on-year.

Operational highlights

• Nine new OTR stores opened in 2Q2025, with 11 more under construction or conversion at June-end.

• Synergies and cost reduction program progressing, with transition to stand-alone OTR systems completed.