Australia · Delayed Price · Currency is AUD Viva Energy Group Earnings Call Transcripts
Fiscal Year 2025
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Second-half operational improvements drove strong momentum, with group EBITDA at AUD 701 million and a 60% dividend payout. Retail and refining segments showed recovery, while supply chain and integration challenges remain key focus areas for 2026.
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EBITDA reached AUD 305 million, with net profit after tax at AUD 63 million, as commercial/industrial remained stable and retail faced headwinds from illicit tobacco and transition costs. Store conversions are ramping up, with strong early results, and major CapEx projects are nearing completion.
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The meeting highlighted strong commercial growth, major retail acquisitions, and a focus on energy transition, while addressing challenges in retail integration, illicit tobacco, and refining margins. All board recommendations were supported by proxy advisors, with voting results to be published.
Fiscal Year 2024
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Group sales and EBITDA grew modestly despite challenging retail conditions and cost inflation, with strong C&I performance and major investments in refining and retail integration. Guidance for H1 2025 is lower, but significant cost reductions and synergy capture are expected to drive a stronger H2 and 2026.
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Sales and EBITDA rose 6% and 25% in H1 2024, driven by strong commercial and refining performance, with integration of OTR and Coles Express expected to deliver over AUD 60 million in synergies. Net debt increased to AUD 1.5 billion, and CapEx guidance was revised down 10%.