The Gym Group has reported a surge in revenue and profit, attributing the success to its 'Next Chapter' growth plan initiated in 2023. .
The London-based company, boasting over 250 locations across the 海角视频, posted a pre-tax profit of £3.6m for the year ending December 31, 2024, a significant turnaround from the pre-tax loss of £5.5m recorded in 2023, as reported by .
Year on year, the firm's revenue saw an 11 per cent increase, climbing to £226.3m in 2024 from £204m in 2023.
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Following the £5.5m pretax loss in 2023, The Gym Group launched its 'Next Chapter' growth plan, aimed at enhancing returns from its estate, accelerating the roll-out of new sites, and identifying additional revenue streams.
In 2024, the company opened 12 new sites, hitting the top end of guidance, with plans to launch another 14-16 this year.
The return on The Gym Group's estate increased by four percentage points year on year to 25 per cent, achieved through "higher yield, more cost-effective promotion, better targeted customer acquisition and early progress on retention."
"This strong set of results reflects good progress against the strategic objectives set out in our Next Chapter growth plan," the company stated.
"We believe there is still more benefit to come from the Next Chapter growth plan, giving us the confidence to increase guidance again to the top end of the recently revised analyst forecast range for FY25," said Will Orr, CEO of The Gym Group.
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The company reported that performance in 2025 has "remained strong" with an 8% boost in revenue year on year, a 4% rise in membership numbers, and another 4% increase in yield.
"We have seen excellent momentum to date with increased membership, revenue and profit; and our market-leading proposition is more resonant than ever, in a sector that is growing.
"We will continue to execute on initiatives started in [2024] alongside new initiatives in place for [2025], underpinned by our investment in technology and data to drive future growth," Orr stated.