The Gym Group PLC (LSE:GYM) pumped out full-year earnings at the top end of analyst forecasts on Wednesday, with the low-cost gym operator reporting a near-tripling of underlying profit and trading momentum carrying strongly into the new year.
Adjusted pre-tax profit for 2025 was lifted 194% to £10.6 million from revenue up 8% to £244.9 million, driven by a 4% rise in average membership and a 4% increase in average revenue per member per month.
Chief executive Will Orr said the group was seeing "significant opportunities ahead in a market with structural growth tailwinds," and confirmed plans to accelerate expansion with around 75 new sites over the next three years, all funded from free cash flow, with at least 20 openings planned in 2026.
Revenue in January and February was up 9% year on year, with like-for-like growth of 3%, suggesting the peak January recruitment season delivered another strong performance.
The group launched a £10 million share buyback in January and said leverage was expected to remain below 2.0 times, with non-property net debt already reduced to £59.3 million and adjusted leverage at 1.0 times.