Viva Leisure (VVA) Q1 2025 TU earnings summary

Executive summary

• Surpassed 400,000 members at September 30, 2024, up from 372,000 at June 30, 2024, reflecting over 7.5% quarterly growth.

• Achieved record 7.8 million member visits in Q1 FY2025, averaging over 87,000 visits per day.

• Introduced NFC-enabled digital wallet access passes, enhancing convenience and member experience across 120+ locations.

Financial highlights

• Q1 FY2025 revenue reached $47.5 million ($190 million annualised), a 10% increase from Q4 FY2024's $43.2 million ($172.8 million annualised).

• Added $17 million in annualised revenue from Q4 FY2024.

Outlook and guidance

• Expects to add at least eight new corporate locations in Q2 FY2025 through greenfield developments and acquisitions.

• Anticipates opening several new Plus Fitness franchise locations in Q2 FY2025.

• Confident that digital wallet rollout and network expansion will drive continued growth.