The Gym Group (LSE:GYM) said on Tuesday that it has upgraded its financial guidance, unveiled plans to accelerate its site rollout and launched a new share buyback programme, reflecting continued strong trading momentum.
In a trading update, the low-cost fitness operator reported an 8% increase in revenue to £245 million for the 2025 financial year, in line with market expectations. Like-for-like revenue growth came in at 3%, consistent with its prior guidance. Membership numbers rose 4% year on year to 945,000, while average revenue per member per month increased by 4% to £21.60.
The group opened 16 new gyms during the year, at the upper end of its 14–16 site guidance, taking its total estate to 260 locations. Net debt on a pre-IFRS-16 basis reduced by £2 million to £59 million, supported by solid cash generation.
On the back of strong performance from both mature and newly opened gyms, The Gym Group said it now expects FY25 EBITDA less normalised rent to be “slightly above the top end of the consensus range” of £52.5 million to £54.9 million, equating to around 3% above current market consensus of £53.1 million.
Looking ahead to 2026, the company said it expects to sustain this momentum and forecasts EBITDA less normalised rent to again exceed the upper end of the consensus range of £55.2 million to £59.3 million, around 4% above the current consensus of £57 million.
Strategically, The Gym Group plans to significantly accelerate its expansion programme, targeting around 75 new sites over the next three years, funded entirely from free cash flow. Around 20 new gym openings are planned for FY26 alone.
In addition, the company announced a £10 million share buyback programme, which it expects to complete by the end of the 2026 financial year.
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