Ten Lifestyle Group (TENG) H2 2026 TU earnings summary

Executive summary

• Achieved record Net Revenue, Adjusted EBITDA, net cash, and Active Members for FY 2026, building on prior year’s record performance.

• Digital-first strategy drove significant growth in member engagement and operational efficiency.

• Expanded client base and launched new digital platforms in key markets, including the Americas, UK, AMEA, and Japan.

Financial highlights

• Net Revenue rose 6% year-over-year to approximately £69.7m, or 8% at constant currency.

• Adjusted EBITDA increased by 10% to about £16.1m, up 20% at constant currency.

• Adjusted EBITDA margin improved to 23% from 22.2% in FY 2025.

• Net cash at year-end was £11.1m, up from £9.7m in FY 2025, with no long-term debt and an undrawn £5.0m credit facility.

• Adjusted free cash flow reached £2.1m, compared to £1.2m in the prior year.

Outlook and guidance

• Strong revenue visibility and a robust pipeline of new business opportunities support expectations for continued profitable growth.

• Ongoing investment in technology and digital platforms is expected to drive further margin expansion and free cash flow generation.