Viva Energy Group (VEA) Q3 2026 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2026 TU earnings summary
21 Oct, 2026Executive summary
Strong 3Q26 trading across divisions; regional refining conditions supported elevated margins, while commercial demand and convenience fuel and sales growth remained robust.
Financial highlights
Convenience sales were $407M, up 3.8% YoY; gross margin was 37.9%, down 2.0 percentage points YoY.
Realised Geelong Refining Margin was US$21.4/bbl versus US$10.2/bbl in 3Q25; excluding hedges, 3Q26 GRM was US$23.4/bbl.
Outlook and guidance
Refinery recovery continued as planned after the April 2026 fire; intake remained affected by ongoing operational constraints and unplanned routine maintenance.
WA distribution centre deliveries began in October; the supply chain transition is complete, with exit from the Coles Product Supply Agreement planned by end-November 2026.
Latest events from Viva Energy Group
- Execution-led strategy targets higher-quality retail growth, resilient C&I earnings and refining returns.VEA
Investor Day 2026 - C&I growth and resilient convenience partly offset a refinery-led earnings decline.VEAH2 2023
- Record profit and cash flow, higher dividend, and reduced net debt despite refinery fire.VEAH1 2026
- EBITDA more than doubled year-over-year as refining margins soared and net debt declined sharply.VEAQ2 2026 TU
- All resolutions passed with strong support amid board refreshment and resilient financials.VEAAGM 2026
- FY25 EBITDA reached AUD 701 million, with strong 2H gains and positive FY26 outlook.VEAH2 2025
- EBITDA (RC) dropped 32.5% to $304.9M, with retail and refining under pressure but recovery expected.VEAH1 2025
- EBITDA up 25% and OTR acquisition completed, driving strong profit and future synergies.VEAH1 2024
- EBITDA up 5% to $748.6M, NPAT down 20%, with OTR and Liberty integration and $90M synergies targeted.VEAH2 2024