London · Delayed Price · Currency is GBP · Price in GBX The Gym Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 10% and EBITDA LNR rose 12% year-over-year, driven by higher membership and disciplined costs. Strong cash flow is funding accelerated new site rollout and refurbishments, with at least 20 new gyms and 21 major refurbs planned for 2026. Leverage remains low and outlook is positive.
Fiscal Year 2025
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Membership and revenue grew 4% and 8% year-over-year, respectively, with EBITDA less normalized rent up 19%. Mature site ROIC reached 27%, and 16 new sites were opened, all funded from free cash flow. 2026 guidance includes 20-22 new openings and EBITDA at the top end of forecasts.
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Strong H1 2025 results with 8% revenue and 24% EBITDA growth, driven by membership gains and disciplined cost control. Expansion and refurbishment programs are on track, with robust cash flow supporting new site openings and leverage reduction.
Fiscal Year 2024
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Full-year 2024 saw 11% revenue growth, 24% EBITDA increase, and mature site ROIC reach 25%. Strong cash flow funded 12 new sites, with 2025 guidance for 14-16 more and further margin progress expected.
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Revenue grew 12% and EBITDA less normalized rent rose 28% year-over-year, with strong cash flow enabling debt reduction and new site expansion. Like-for-like sales growth guidance was raised to 5%-6%, and full-year results are expected at the top end of revised expectations.
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ESG is central to strategy, driving both social value and commercial growth. The company targets net zero by 2045, invests in people and diversity, and quantifies £890 million in social value for 2023. Energy efficiency and robust governance underpin ongoing expansion and sustainability.