Viva Energy Group Limited — Cyborg Score 6/10

Solid
Energy - Downstream Petroleum & Convenience Retail

Strategic Profile

The company operates through three segments: Convenience & Mobility, Commercial & Industrial, and Energy & Infrastructure. The company's expansive retail network, supply chain capabilities, and the Geelong Refinery provide an unmatched platform for growth in fuel and convenience markets.

Cyborg Score Rationale

As Australia's second-largest vertically integrated fuel supplier and second-most-significant pipeline owner, Viva has a strong competitive position. However, rising EV uptake and the future of refining in Australia are sources of uncertainty.

Top Insights

  • Viva supplies approximately 1,155 retail locations, the third-largest number in Australia behind Ampol (1,985) and BP (1,400).
  • The company operates 900 retail stores and 1,500+ service stations, plus the Geelong Refinery with 20+ terminals across major airports and airfields.
  • Viva is strategically positioned to lead in emerging fuel technologies through partnerships and investments in renewable fuels, hydrogen refueling, and EV charging infrastructure.
  • The company has stable revenue streams from long-term contracts with commercial and government clients, including a recently secured Defense contract.

Named Competitors

  • Retail Fuel Network — Australia's largest fuel retailer with ~1,985 service stations
  • Retail Fuel Network — Major petroleum products retailer with ~1,400 service stations
  • Convenience Retail — Operates Coles Express branded convenience stores through Viva partnership

Recent Developments

  • (February 2026) FY2025 Results Announcement and investor conference
  • (January 2026) 4Q2025 Trading update released
  • (Ongoing) Strategic investments in hydrogen refueling and EV charging infrastructure at Geelong

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