The Gym Group Reports Strong First-Half Performance with Revenue Growth and Expansion Plans
The Gym Group reported strong first-half performance in 2026, driven by membership growth and higher revenue per member. Total revenue rose 10% to £133.1 million, while EBITDA less normalized rent increased 12% to £30.8 million. Membership surpassed one million members for the first time, with average revenue per member rising 5%. Free cash flow reached £27.7 million as cost discipline and energy optimization measures helped control expenses. The company is on track with its expansion plans, having opened four new gyms in H1 and another 11 under construction. It aims to open at least 20 sites this year and approximately 75 over the next three years. New-site cohorts are meeting or exceeding a 30% return-on-invested-capital target. Management expects full-year EBITDA less normalized rent to reach the top end of its forecast range (£60.5 million–£62 million) with like-for-like revenue growth around 3%. The company also plans to complete a £10 million share buyback and continue refurbishments while maintaining disciplined costs.
Topics: ebitda expansion_plans free_cash_flow membership_growth revenue_growth