Viva Energy H1 2026 slides: record profit on strong refining margins

Viva Energy Australia reported record first-half 2026 results on August 25, 2026, with significant profit growth and operational resilience despite a major refinery incident. The company's shares traded near a 52-week high, reflecting investor confidence in its strategic execution. The Energy & Infrastructure segment drove the earnings growth, with EBITDA reaching $354 million, up 1,854% from $18 million in the same period last year, driven by gross refining margins of US$21.1 per barrel, a 156% increase year-over-year.

Despite a significant fire at the Geelong Refinery's Alkylation unit in April 2026, Viva Energy maintained strong refining performance, with the gross refining margin more than compensating for production constraints. The company's strong operational leverage is evident in the 493% surge in net profit after tax to $371 million on a replacement cost basis.

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