Actic Group (ATIC) Q1 2025 earnings summary

Executive summary

• Net sales increased 8.1% year-over-year to SEK 192.3m in Q1 2025, driven by a 4.5% rise in the membership base and higher ARPM.

• EBITDA excluding IFRS 16 rose 47% to SEK 26.2m (13.6% margin), and EBIT more than doubled to SEK 23.8m (12.4% margin).

• Net profit for the period was SEK 11.4m, reversing a loss of SEK 3.0m in Q1 2024.

• Membership per club increased 11.1% year-over-year to 1,506, and ARPM grew 3.4% to SEK 389.

• Key product launches included Aqua Float and HYROX training concepts.

Financial highlights

• Net sales reached SEK 192.3m (Q1 2024: SEK 177.9m), up 8.1% year-over-year.

• EBITDA (excl. IFRS 16) was SEK 26.2m (13.6% margin); EBIT was SEK 23.8m (12.4% margin).

• Net income was SEK 11.4m (Q1 2024: SEK -3.0m); EPS at SEK 0.49 (Q1 2024: SEK -0.13).

• Cash flow from operations was SEK 54.8m, up from SEK 47.0m.

• Net debt (excl. IFRS 16) reduced to SEK 291.5m, leverage ratio down to 3.7x from 6.1x.

Outlook and guidance

• Sale of 12 Norwegian clubs post-Q1 for NOK 70m aims to free up capital, accelerate investment, and further reduce debt.

• Strategic focus remains on growth, portfolio optimization, and selective expansion in strategic areas.