Holmes Place International (HLMS) Q4 2025 earnings summary

Executive summary

• Revenue grew 6.6% year-over-year to ₪588.6 million in 2025, with EBITDA up 4.7% to ₪100.6 million, and net income at ₪39.6 million, reflecting continued expansion and operational improvements.

• Membership base increased to 214,468 at year-end 2025, up from 193,828 the previous year, driven by organic growth and acquisitions.

• Significant events included the acquisition of 51% of Revo Fitness and the opening of several new clubs, expanding both owned and franchised locations.

Financial highlights

• Q4 2025 revenue rose 6.9% year-over-year to ₪151.1 million, with EBITDA up 11.7% to ₪27.0 million.

• Gross profit margin for 2025 was 25.4%, slightly down from 26.0% in 2024.

• Dividend distributions totaled ₪49 million in 2025, with an additional ₪12 million approved for May 2026.

• Financing expenses increased in 2025 due to higher loan balances and a one-time arbitration expense, but are expected to decline in 2026.

Outlook and guidance

• Management expects the temporary impact from operational disruptions (military operations) to be offset during 2026, with no material annual effect anticipated.

• Financing costs are projected to decrease in 2026 due to loan repayments and lower interest rates.