Sport Clubs Company (6018) Q4 2025 earnings summary

Executive summary

• Achieved strong growth in revenue, profitability, membership, and club network in 2025, driven by expansion, rebranding, and operational improvements.

• Expanded to 59 clubs with 133,000 active members, opening 5 new clubs and completing 2 major refurbishments, which significantly boosted memberships.

• Rebranding and refurbishment initiatives led to increased member engagement, visits, and per-club financial performance.

• Pipeline includes 16 new club sites expected to open over the next 14 months, supporting future growth.

Financial highlights

• Q4 2025 revenue rose 17.1% year-over-year to SAR 104.3M; full-year revenue up 14.9% to SAR 376.2M.

• Q4 gross profit reached SAR 34.4M; full-year gross profit increased to SAR 112.5M.

• Q4 EBITDA grew to SAR 43.5M; full-year EBITDA up to SAR 148.3M.

• Q4 net profit rose to SAR 14.6M; full-year net profit up to SAR 41.2M.

• Free cash flow for the year surged to SAR 45.9M; cash from operations increased to SAR 159.4M.

• Deferred revenue increased 8.3% year-over-year to SAR 102.2M.

Outlook and guidance

• Plans to open 16 new clubs within the next 14 months, focusing on both Body Masters and Body Motions brands.

• CapEx for new clubs guided at SAR 17–19M for Body Masters and SAR 10–12M for Body Motions; refurbishment CapEx estimated at SAR 17M for 2026.

• Expansion to be funded by operating cash flow, bank facilities, and IPO proceeds.

• Revenue growth guidance for 2025–2026: 2.0%–3.0% for Body Masters Premium, 4.0%–4.5% for Body Motions; gross margin targets: 40%–47% for new model clubs.