Viva Energy Group (ASX:VEA) reported first-quarter total group sales volumes of 4.1 billion liters, down from 4.3 billion liters a year earlier, impacted by a 6% decline in commercial and industrial (C&I) sales, according to a Monday Australian bourse filing.
The company said it is on track to deliver earnings before interest, taxes, depreciation, and amortization in line with guidance of between AU$270 million and AU$330 million in the first half.
On the ongoing global tariff issue, the company said it has limited exposure to US export-dependent C&I customers and that a weaker Australian to US dollar exchange rate benefits Viva Energy's earnings, with Fuel Security Services Payment offering financial support if margins drop.
The company added that falling oil prices will help boost short-term retail margins and fuel demand while noting that an impact on demand from its C&I customers is likely to be a secondary impact from the broader economic impacts of US tariffs and responses from other countries.
The company's shares rose 1% in recent Monday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.