Viva Energy Group Ltd Ordinary Shares

VEA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$5.17	Pgv	Nwhcjbxb

Viva Energy Earnings: Profit Improves and More to Come From Nonrefining

Mark Taylor

Aug 26, 2024

No-moat refined fuel retailer Viva Energy reported a robust 10% increase in first-half 2024 underlying net profit after tax to AUD 192 million, albeit about 7% below our expectations. Higher-than-expected interest expense accounts for our profit overcall. Underlying group EBITDA of AUD 452 million was within the recent AUD 445 million-AUD 455 million guidance, and slightly ahead of our AUD 448 million estimate.

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