The Gym Group (GYM) Trading Update summary

Trading performance

• Like-for-like revenue grew 3% year-on-year in H1 2025, with total revenue up 8% to £121.0m compared to H1 2024.

• Average membership increased 4% to 953,000, and ARPMM rose 4% to £21.16.

• Membership at period end was 949,000, up from 891,000 at December 2024 and 905,000 at June 2024.

Expansion and operations

• Three new gyms opened in H1 2025, with four more under development as of July 9.

• On track to open 14-16 gyms in 2025, with one city centre gym closed during the period.

• Operated 247 sites across the UK as of June 30, 2025.

Financial position and outlook

• Net debt reduced to £51.2m at June 2025 from £61.3m at December 2024.

• Year-end net debt expected to rise due to second-half weighted gym openings and refurbishments.

• Extended bank facilities by one year and increased RCF by £12m, now totaling £102m maturing in June 2028.

• Confident in full-year outlook, with interim results to be announced on September 10, 2025.