Viva Energy (ASX:VEA) has released its fourth-quarter operating update for 2025, revealing a 1.1% increase in total group sales volumes compared to the previous year.
The growth was largely propelled by a robust performance in the commercial & industrial segment, where high demand in the aviation sector successfully offset a slowdown in marine volumes.
The convenience & mobility division faced a more complex quarter.
Fuel sales volumes dipped 1.5% on an adjusted basis, hampered by store conversions and the mandated divestment of 15 Liberty Convenience sites.
Total convenience sales fell 11.4%, a decline primarily attributed to a 33.6% collapse in tobacco sales caused by the ongoing impact of illicit trade.
Despite this, the company saw a silver lining in its retail strategy: excluding tobacco, sales at OTR format stores rose 1.9%, and the total convenience gross margin improved to 42.2%.
In the refining sector, Geelong intake reached 9.4 MBBL with a Geelong Refining Margin of US$12.1/bbl.
Output was affected by planned maintenance on the Residual Catalytic Cracking Unit and power disruptions.
The Ultra Low Sulphur Gasoline plant was commissioned ahead of the new federal fuel standards that took effect on Dec. 15, 2025.
At the time of reporting, Viva Energy's share price was $1.85.