Basic Fit (BFIT) H2 2025 earnings summary

Executive summary

• Achieved all 2025 financial targets, with strong revenue and profit growth driven by network expansion, operational efficiency, and the Clever Fit acquisition, making the group the largest fitness franchisor in Europe.

• Club network grew to 2,151 clubs, including 1,716–1,660 owned and 435–437 franchise clubs; Clever Fit results consolidated for the last two months of 2025.

• Memberships increased 36–37% year-over-year to 5.8 million, supported by organic growth and Clever Fit acquisition.

• Limited new club openings planned for 2026 to focus on integration and free cash flow improvement.

Financial highlights

• Revenue for the group rose 17% to €1.42–1.442 billion, with Clever Fit contributing €10.8 million since November 2025.

• Underlying EBITDA less rent increased 11% to €348–348.3 million; net profit rose 79% to €14.3 million.

• Underlying net profit (adjusted) increased 24% to €54.3 million.

• Free cash flow before acquisitions improved to €26.1 million from negative €88.3 million in 2024.

• Available liquidity at year-end 2025 was €474 million.

Outlook and guidance

• 2026 revenue expected between €1.64–1.69 billion; underlying EBITDA less rent guidance of €405–445 million.

• Net 50 new owned club openings planned in 2026, focusing on integration and profitability.

• Significant improvement in positive free cash flow anticipated for 2026.

• Over 75% of 2026 energy needs hedged, limiting exposure to energy price volatility.