Overview of Basic-Fit's Performance#
Basic-Fit, a budget gym operator, announced its full-year results for 2025, which were in line with earlier expectations. Following this announcement, the company's shares rose by 2.2%.
Financial Highlights#
The company reported revenues of €1,420 million for fiscal 2025, marking a 17% increase compared to the previous year. This figure slightly surpassed the earlier estimate of €1,415 million. Additionally, Basic-Fit's earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 11% to €348 million, also exceeding the previous guidance of €344 million.
Expansion and Membership Growth#
During the year, Basic-Fit expanded its network by 5%, adding 85 new gyms to reach a total of 1,660 locations. The number of memberships increased by 13%, bringing the total to 4.82 million members.
Guidance for Fiscal 2026#
Looking ahead, Basic-Fit has reiterated its revenue guidance for fiscal 2026, expecting to generate between €1,640 million and €1,690 million. The company also anticipates an EBITDA between €405 million and €445 million, with plans to open 50 new gyms. In the early weeks of fiscal 2026, Basic-Fit reported adding 200,000 new members, a 4% increase.
Cost Management and Future Outlook#
The company has secured 75% of its energy costs for fiscal 2026, which can help stabilize expenses. Basic-Fit's leverage ratio, which measures debt relative to earnings, stood at 2.7x for fiscal 2025 and is expected to decrease to just over 2.0x by the end of fiscal 2026. The company also reported a positive free cash flow of €26 million for fiscal 2025 and anticipates further improvement in fiscal 2026.
Basic-Fit is set to hold a capital markets day on April 21, where it will share more details about its future franchise opportunities.