Viva Leisure (VVA) investor relations material

Executive summary

• FY26 delivered record results with revenue of $237.1 million, adjusted EBITDA of $112.3 million, and underlying NPAT of $18.9 million, exceeding all guidance metrics.

• Maiden fully franked dividend of 3.0 cents per share declared, the first since listing.

• Membership grew to over 694,000 across 534 locations, with average members per club at a record 1,351 and portfolio utilisation above 80%.

• Growth program fully funded from operating cash flow, with leverage reduced and share buyback ongoing.

• Structural separation of the Payments & Technology business into Meridium Global, with a strategic review underway.

Financial highlights

• Revenue increased 12.2% year-over-year to $237.1 million, marking the seventh consecutive year of growth.

• Adjusted EBITDA rose 13.3% to $112.3 million, with margin expanding 50 basis points to 47.4%.

• Underlying NPAT increased 46.4% to $18.9 million; statutory NPAT surged 144.5% to $12.8 million.

• Adjusted free cash flow reached $35.1 million, up 7.7%, fully funding growth and buy-back.

• Statutory EPS climbed 150.6% to 13.13 cents.

Outlook and guidance

• Membership surpassed 700,000, with a clear target of one million network members by FY2029.

• Plans to reaccelerate greenfield expansion from FY2027, aiming for over 20 new corporate locations annually and 150+ franchise sites in the pipeline.

• Retention and churn management enhanced by the AI-driven Viva 360 platform, with 89.1% churn prediction accuracy.

• Refurbishment and rebrand program for Zoo Fit expected to deliver 30%-40% revenue uplift per location within three months.

• Payments & Technology segment under strategic review for potential separation or value realisation.