EL7.AI
StocksMediumUpdated•Originally published 9 September 2026•Updated 9 September 2026•
2 min read

The Gym Group’s Pre-Tax Profit Rises 48% as Average Membership Reaches 1 Million

Key Facts

1Statutory pre-tax profit rose 48% to £4.9 million from £3.3 million.
2Revenue increased 10% to £133.1 million.
3Average membership reached 1,002,000, up 5% from 953,000, while period-end membership was 991,000.
4Group Adjusted EBITDA Less Normalised Rent rose 12% to £30.8 million from £27.4 million.

The Gym Group increased statutory pre-tax profit by 48% to £4.9 million from £3.3 million in the 6 months ended June 30, 2026. Revenue rose 10% to £133.1 million, reflecting growth in both membership and the yield generated from each membership.

Average membership reached 1,002,000 in the first half, up 5% from 953,000 a year earlier. The group ended the period with 991,000 members, up 4% from 949,000 on June 30, 2025; the 1 million milestone therefore refers to average membership and the level reached during the period, not the June closing balance.

Average monthly revenue per member rose 5% to £22.14 from £21.16. The average advertised price of a Standard membership also increased to £26.91 from £25.10, while like-for-like revenue grew 3%.

Group Adjusted EBITDA Less Normalised Rent reached £30.8 million, up 12% from £27.4 million. Growth in this measure outpaced the 10% revenue increase, indicating improved operating leverage as revenue continued to grow faster than cost inflation.

Free cash flow increased 10% to £27.7 million from £25.1 million and funded new sites, refurbishments, technology investment and share buybacks. Non-property net debt stood at £58.0 million, compared with £59.3 million in December 2025, while adjusted leverage remained at 1.0 times.

The company opened 4 gyms in the first half, taking its network to 264 sites, and was working on another 11 locations when it reported the results. It expects to open at least 20 sites during 2026 and, after refurbishing 3 gyms in the first half, plans to complete 18 refurbishments in the second half.

The Gym Group maintained its full-year like-for-like revenue-growth target of 3% and expects like-for-like cost growth at the lower end of a range starting at 3% and ending at 4%. It consequently expects Group Adjusted EBITDA Less Normalised Rent at the top end of analysts’ range of £60.5 million to £62.0 million; delivery will depend on sustained membership momentum, pricing and cost discipline, and execution of the expansion programme.