|
Gym Group PLC on Wednesday reported higher earnings for 2025, citing strong member growth and site performance, as it continues to expand its low-cost gym network. The London-based gym operator said pretax profit almost tripled to £7.4 million in 2025 from £2.5 million in 2024. Revenue rose 8.2% to £244.9 million from £226.3 million a year earlier. Adjusted pretax profit multiplied to £10.6 million from £3.6 million, while diluted earnings per share rose 67% to 4.0 pence from 2.4p. Gym Group said the average number of members rose 4% while average revenue per member per month also climbed 4%. Like-for-like revenue was up 3%. Adjusted earnings before interest, tax, depreciation and amortisation, less normalised rent, climbed 19% to £56.7 million from £47.7 million. The company said this was driven by ‘strong delivery of like-for-like growth’ and new site performance, as well as ‘good cost control’. The firm did not propose a dividend for 2025, unchanged from a year ago. It launched a £10 million share buyback programme in January, which will be completed by the end of the year. ‘This has been another year of strong progress for the group, exceeding both our own and the market’s expectations. Our Next Chapter growth plan is delivering, and we see significant opportunities ahead in a market with structural growth tailwinds. The resulting momentum has produced a strong profit outturn in 2025 and we have made a good start to 2026,’ said Chief Executive Officer Will Orr. The firm said trading momentum ‘remained strong’ in January and February, which are its peak recruitment months. It said revenue for the first two months of 2026 has risen 9% on-year and is up 3% on a like-for-like basis. Gym Group said it expects to open around 75 new sites over the next three years, funded from free cashflow, with at least 20 planned in 2026. It expects adjusted Ebitda less normalised rent to be at the top end of the analysts’ forecast range for 2026, which is between £59.6 million and £60.7 million, compared to £56.7 million in 2025. Shares in Gym Group were up 0.1% at 175.00p on Wednesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
