Viva Energy Group (ASX:VEA) Operating Income: A$245 Mil (TTM As of Dec. 2025)

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ASX:VEA Viva Energy Group Ltd ASX:VEA
75 GF Score
Price A$2.34
GF Value A$3.25
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is Viva Energy Group Operating Income?

Viva Energy Group ASX:VEA +1.30% 75 Operating Income is A$245 Mil as of Dec. 2025. GuruFocus rates ASX:VEA with a GF Score™ of 75/100 and a GF Value™ of A$3.25 (Modestly Undervalued). The stock has 11 warning signs investors should review.

Viva Energy Group's Operating Income for the six months ended in Dec. 2025 was A$171 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$245 Mil.

Warning Sign:

Viva Energy Group Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Viva Energy Group's Operating Income for the six months ended in Dec. 2025 was A$171 Mil. Viva Energy Group's Revenue for the six months ended in Dec. 2025 was A$13,510 Mil. Therefore, Viva Energy Group's Operating Margin % for the quarter that ended in Dec. 2025 was 1.27%.

Viva Energy Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Viva Energy Group's annualized ROC % for the quarter that ended in Dec. 2025 was 2.83%. Viva Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -8.33%.


Viva Energy Group  (ASX:VEA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Viva Energy Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=342.2 * ( 1 - 29.78% )/( (8508.1 + 8479.4)/ 2 )
=240.29284/8493.75
=2.83 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Viva Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-467/( ( (5688.2 + max(-384.1, 0)) + (5523.4 + max(-617.5, 0)) )/ 2 )
=-467/( ( 5688.2 + 5523.4 )/ 2 )
=-467/5605.8
=-8.33 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1907.5 + 2227.4 + 277.3) - (4505.7 + 0 + 290.6)
=-384.1

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1640.8 + 2400 + 181.4) - (4511.8 + 0 + 327.9)
=-617.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Viva Energy Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=171.1/13509.8
=1.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Viva Energy Group Operating Income Related Terms


Viva Energy Group Operating Income Historical Data

* Premium members only.

The historical data trend for Viva Energy Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Viva Energy Group Operating Income Chart

Viva Energy Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 459.80 595.00 -881.90 22.10 245.40

Viva Energy Group Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,009.50 265.80 -243.70 74.30 171.10
ASX:VEA
75GF Score
Viva Energy Group Ltd ASX:VEA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Viva Energy Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$245 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of A$245 Mil mean?
Viva Energy Group (ASX:VEA) has a Operating Income of A$245 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Viva Energy Group and its competitors.
Is Viva Energy Group's Operating Income too high?
Viva Energy Group's current Operating Income is A$245 Mil. Overall, Viva Energy Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Energy Group's Operating Income compare to VLO and MPC?
Viva Energy Group's Operating Income of A$245 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Viva Energy Group and its competitors. Viva Energy Group's current Operating Income is A$245 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viva Energy Group stock overvalued right now?
Based on GuruFocus' analysis, Viva Energy Group (ASX:VEA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.25, compared to a current price of A$2.34 — trading 28% below its estimated fair value. The current Operating Income is A$245 Mil. Viva Energy Group's overall GF Score™ is 75/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Viva Energy Group (ASX:VEA), the current Operating Income is A$245 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Viva Energy Group (ASX:VEA) Overvalued in 2026?

Based on GuruFocus' analysis, Viva Energy Group stock appears to be undervalued. The current stock price of A$2.34 is trading 28% below its estimated GF Value™ of A$3.25. GuruFocus considers Viva Energy Group to be Modestly Undervalued.

Key valuation signals for ASX:VEA:

  • Operating Income: A$245 Mil
  • GF Value™: A$3.25 vs. price of A$2.34 (28% below fair value)
  • GF Score™: 75/100 with 11 warning signs

No single metric tells the full story. See the ASX:VEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viva Energy Group Business Description

Industry EnergyOil & Gas
Other Exchanges 2AH:Germany
Address 720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008
Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.Viva acquired OTR Group in 2014 for AUD 1.2 billion bringing over 200 South Australian stores.
75GF Score

Get the complete analysis for ASX:VEA

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.34
Price
A$3.25
GF Value