)
Edge
Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
Brait
Brait (BAT) investor relations material
Brait H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary24 Jun, 2026
Executive summary
Final stages of value unlock strategy with strong underlying performance: Virgin Active EBITDA up 37% YoY, Premier up 18%, New Look over 100%.
Net debt reduced from R7.0bn (Mar 2020) to R1.7bn (Mar 2026).
Strategy includes optimising Virgin Active for listing, sale of New Look, and repaying residual debt to enable unbundling of listed shares.
Virgin Active recapitalisation (£175m) to reduce Net Debt/EBITDA to 2.0x, targeting listing in 2H 2027 or 1H 2028.
Premier share sales in FY2026 raised R1.8bn; rights issue of R2.5bn planned.
Financial highlights
NAV per share increased 7% YoY to R3.27 (Mar 2026).
Virgin Active: EBITDA £110m (+37% YoY), strong pipeline for new gyms and refurbishments.
Premier: Revenue R21.2bn (+6.6% YoY), EBITDA R2.8bn (+18% YoY), EBIT R2.4bn (+23% YoY), HEPS 1,204c (+27.7% YoY), leverage ratio 0.5x.
New Look: Revenue £713.2m (-3.6% YoY), EBITDA £36.6m (>100% YoY), gross margin 60.4% (+2.7ppt), net debt/EBITDA 0.7x.
Available cash and facilities at R1.6bn at year-end.
Outlook and guidance
Virgin Active targeting listing in 2027/28, with growth from new clubs and refurbishments.
Premier integration of RFG Holdings underway, with focus on operational efficiencies and expansion.
New Look continues digital transformation and cost optimisation.
Group focused on finalising value unlock through asset sales and unbundling.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Brait
- NAV per share down 3% as profit rebounds to R301m, driven by investment gains and growth.BAT
H1 202415 Feb 2026 - Recapitalisation and strong operational gains drive growth and flexibility across all segments.BATH2 20243 Feb 2026
- NAV per share up 8% to R3.10, net asset value and profit rose, driven by recapitalisation.BATH1 202514 Jan 2026
- NAV per share up 5% to R3.21, with strong EBITDA growth and a major Premier merger.BATH1 202626 Nov 2025
- Strong debt reduction and double-digit EBITDA growth at core assets, with digital focus at New Look.BATH2 202514 Nov 2025
- Virgin Active and Premier show robust growth as Brait advances digital and debt strategies.BATTrading Update6 Jun 2025
Next Brait earnings date
H1 202712 Nov, 2026
Brait
Next Brait earnings date
H1 202712 Nov, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Explore our global coverage