Netherlands' Basic Fit 2025 revenue slightly beats estimates on membership growth

Basic-Fit

11/03/2026 06:43

Overview

Netherlands fitness club operator's 2025 revenue rose 17%, a slight beat versus analyst expectations

Adjusted EBITDA missed analyst estimates

Company opened 85 net new clubs and completed Clever Fit acquisition

Outlook

Basic-Fit expects 2026 revenue between €1.64 bln and €1.69 bln

Company guides 2026 underlying EBITDA less rent of €405 mln to €445 mln

Basic-Fit plans to limit 2026 net club openings to about 50 in existing markets

Result Drivers

MEMBERSHIP GROWTH - Co said 2025 membership rose 13% to 4.82 mln, adding 564,000 members year-on-year

NETWORK EXPANSION - 85 net new club openings and Clever Fit acquisition expanded network to 2,151 clubs

OPERATING LEVERAGE - Overhead cost as a percentage of revenue decreased to 6.7% from 7.2% in 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
EUR 1.42 bln
EUR 1.41 bln (10 Analysts)
FY Adjusted Net Income
EUR 54.30 mln
FY Adjusted EBITDA
Miss
EUR 348 mln
EUR 642.14 mln (7 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Basic-Fit NV is €37.50, about 26.7% above its March 10 closing price of €29.60

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)