Basic Fit (BFIT) Q3 2026 TU earnings summary

Executive summary

• 9M 2026 revenue rose 18% YoY to €1.217bn; total network clubs grew 36% to 2,246 and memberships increased 32% to 6.25m.

• Basic-Fit-branded owned clubs ended Q3 at 1,711, with 5.19m memberships and 3,035 members per club, up 6% YoY.

Financial highlights

• 9M revenue increased from €1.034bn to €1.217bn, driven by more members per club and consolidation of acquisitions.

• Club revenue rose 16.3% YoY to €1,188m; branded owned-club ARPU increased 1.4% to €25.64 per month.

• Franchise revenue was €16.5m and other revenue was €11.9m, down 1.5% YoY.

Outlook and guidance

• FY 2026 guidance maintained at €1.64bn–€1.69bn revenue and €430m–€460m underlying EBITDA less rent.

• Significant improvement in positive free cash flow is expected versus €26.1m in FY 2025; free cash flow is measured after organic expansion and before acquisitions.

• Year-end leverage is expected to be just over 2.0x; approximately 50 net Basic-Fit-branded owned-club additions had already been achieved.

• Average member stay is expected to exceed 24 months in 2026; the medium-term target is 3,200 members per branded club.