Holmes Place International (HLMS) Q1 2026 earnings summary

Executive summary

• Operates 81 fitness and wellness clubs in Israel as of March 31, 2026, with 219,171 total subscribers across premium and low-cost segments.

• Q1 2026 saw continued expansion, including new club openings and pre-sales for additional locations.

• The quarter was impacted by a five-day closure due to military operations, but operations have since normalized.

Financial highlights

• Q1 2026 revenue: ₪148.6 million, up from ₪142.9 million in Q1 2025.

• Gross profit: ₪41.7 million, up from ₪34.9 million year-over-year.

• Net income attributable to shareholders: ₪10.3 million, up from ₪8.0 million in Q1 2025.

• EBITDA for Q1 2026: ₪61.9 million, up from ₪56.4 million in Q1 2025.

• Operating cash flow: ₪41.7 million, down from ₪45.5 million in Q1 2025.

Outlook and guidance

• Management expects to open 2–3 additional ICON clubs and 2 new Holmes Place Family clubs in 2026, plus 3–4 new Revo Pilates studios.

• The company anticipates the temporary revenue loss from the military operation will be offset over the year, with no material annual impact expected barring further escalation.