Macquarie reaffirmed Buy for Viva Energy stock at AUD 4.00 target

Macquarie reaffirmed a Buy rating for Viva Energy stock (ISIN AU0000016875) and set a AUD 4.00 price target in a report dated October 11, 2026, according to Markets Insider. The same report cited revenue of AUD 16.49 billion and net profit of AUD 452.00 million for the quarter ending June 30, 2026.

Three dated developments

On September 15, 2026, 141,757 VEAAB performance rights lapsed, according to TipRanks. The change reduced the pool of potential future equity issuance and was tied to Viva Energy's issued-capital disclosures.

On October 9, 2026, Viva Energy planned to convert 25 to 30 Shell Reddy Express stations to unattended operations. Vending Times reported that the company said the changes could reduce annual operating costs by AUD 10.00 million.

Macquarie's October 11, 2026 target of AUD 4.00 gives the latest analyst view a concrete valuation marker. The report also described a Moderate Buy consensus and an average target of EUR 1.92, but those figures come from a different currency basis and are not combined with the euro quote below.

What does the retail shift mean?

The unattended format targets sites where convenience-store sales do not support continued staffing, according to Vending Times. Viva Energy is testing kiosks, vending machines and customer pickup services, while three trial locations showed improved fuel sales and overall site performance.

The operating-cost figure is the key link between the retail redesign and the earnings profile: AUD 10.00 million of annual savings would matter alongside the AUD 452.00 million quarterly net profit reported for the quarter ending June 30, 2026. The main counter-factor is execution, because the change removes staffed convenience services from selected locations.

Next investor date

Viva Energy's investor centre lists November 9, 2026 as the next investor day, with an in-person event in Sydney and a webcast, according to the company's investor centre. That date gives the market a scheduled point for updates on retail integration, refining operations and capital allocation.

Last euro quote remains dated

Lang & Schwarz quoted Viva Energy at EUR 1.98 on October 12, 2026 at 10:59 p.m. CEST. The finance quote for Viva Energy Group showed a market capitalization of AUD 5.2 billion and a 52-week range of AUD 1.70 to AUD 3.28 as of October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of Viva Energy stock.

Market context: Market report S&P ASX 200.

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