Sport Clubs Company (6018) Q2 2025 earnings summary

Executive summary

• Interim consolidated financials for the three- and six-month periods ended 30 June 2025 were reviewed with no material misstatements found under IAS 34.

• Achieved strong growth in Q2 and H1 2025, driven by increased active memberships and new club openings following a successful IPO.

• The company operates sports clubs, retail, and related services across multiple regions in Saudi Arabia, with a 100% owned subsidiary in building cleaning and maintenance.

• Over 137,000 active members and a robust pipeline of new clubs position the company for further market share gains.

Financial highlights

• Revenue for the six months ended 30 June 2025 was SAR 166.8 million, up 18.8% year-over-year; Q2 revenue was SAR 84.4 million.

• Net profit for H1 2025 was SAR 10.3 million, up 9.6% year-over-year; Q2 net profit was SAR 6.9 million.

• Gross profit for H1 2025 was SAR 39.4 million, up 13% year-over-year; Q2 gross profit was SAR 22.2 million.

• Operating profit for H1 2025 was SAR 25.6 million, up 20.9% year-over-year; Q2 operating profit was SAR 15.4 million.

• EBITDA for H1 2025 increased 16.6% to SAR 61.8 million; Q2 EBITDA was SAR 33.7 million.

Outlook and guidance

• The General Assembly approved an IPO of 30% of shares, with 10% new shares to be issued, increasing share capital to SAR 114 million.

• Trading on the Saudi Stock Exchange (Tadawul) commenced on 22 July 2025.

• Strong demand and efficient scaling expected to drive continued growth, with new clubs in development and a focus on expanding both men's and women's segments.