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Gym Group hits one million members as first-half revenue climbs 10%

by tickstock newsroom
A close-up view of a set of black dumbbells arranged in a row. The dumbbells are made of metal with a textured grip and clearly display their weights. — Credit: Photo by Greg Rosenke on Unsplash c Photo by Greg Rosenke on Unsplash

The Gym Group, the low-cost gym operator, reported a 10% rise in first-half revenue to £133.1m for the six months ended 30 June, up from £121m in the same period a year earlier.

Average membership grew 5% to 1m, while average revenue per member per month rose 5% to £22.14 from £21.16, with the group closing the period with 991,000 members against 923,000 at the start of the year.

Like-for-like revenue, covering sites open since at least the end of 2023, grew 3% year on year, in line with expectations.

"Reaching one million members during the period is an encouraging milestone for us in a UK fitness market that continues to grow," said CEO Will Orr, adding that the group remains "confident in the full year outlook."

Four new gyms opened in the first half, and the group has two further sites under construction and eleven under exchange, keeping it on track for its target of at least 20 openings across 2026.

In June, The Gym Group agreed a £15m increase in its bank facilities, bringing total combined facilities to £117m, consisting of a £60m term loan and a £57m revolving credit facility, both maturing in June 2028.

Interim results for the six months to 30 June are due on 9 September.

by tickstock newsroom

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