The Gym Group reported first-half 2026 revenue of £133.1 million, up 10%, as average membership increased 5% to reach the 1 million-member milestone and average revenue per member continued growing.
Group adjusted EBITDA increased 10% to £53 million, while adjusted EBITDA less normalized rent increased 12% to £30.8 million. Adjusted profit before tax rose 31% to £6.4 million, statutory profit before tax increased 48% to £4.9 million, and free cash flow increased 10% to £27.7 million.
Average revenue per member per month increased 5%, while like-for-like revenue rose 3%. The company said revenue growth continued to outpace cost inflation.
The Gym Group opened four sites during the first half and was developing another 11 at period end. It expects to open at least 20 sites during 2026 as part of a plan to add approximately 75 locations over three years, funded from free cash flow.
The company also continues upgrading existing gyms with its elevated site design. Three sites were refurbished during the first half, with 18 planned for the second half. Gyms refurbished during 2025 are generating approximately 10% incremental membership growth.
Member satisfaction remained strong, with 94% of customers rating The Gym Group four or five out of five. The proportion of members visiting at least four times per month also increased.
The company completed the migration of its entire membership base to new cloud-native member management and payment platforms, which are intended to improve pricing, promotions, member engagement and operational efficiency. The Gym Group is also increasing its use of AI across productivity and decision-making.
For the full year, The Gym Group continues to target 3% like-for-like revenue growth. It expects adjusted EBITDA less normalized rent to finish at the top end of the current analyst forecast range of £60.5 million to £62 million.
KEY QUOTE:
“We have delivered another strong set of results, reflecting the continued appeal of our high value, low cost proposition, disciplined execution of our growth strategy and sustained customer demand. Reaching one million members during the period was an encouraging milestone for the Group. I’ve also been pleased to see our elevated gym design supporting performance gains in both new and refurbished gyms. This continued focus on product excellence is one of the ways we can build on the momentum we have. Our teams remain focused on executing our Next Chapter growth plan, including the acceleration of our rollout programme, and we are confident in delivering full year results at the top end of the current analysts’ forecast range5, while creating further value for both shareholders and members.”
Will Orr, CEO of The Gym Group
