UK's Gym Group rises on annual profit beat

GYM

12/03/2025 09:01

** Shares of fitness club chain Gym Group GYM.L rise as much as 3.7% to 140p, stock among top pct gainers on FTSE small-cap index .FTSC

** Co posts FY adj. pretax profit of 3.6 mln pounds ($4.6 mln) vs analysts' average estimate of 1.7 mln pounds ($2.2 mln), according to data compiled by LSEG

** Group adj EBITDA less normalised rent (LNR) for FY25 now expected to be at top end of recently revised analyst forecast range of 49.0 mln pounds - 50.8 mln pounds

** Brokerage Investec Bank raises EBITDA LNR forecasts by 2.4% in FY25 and 1.7% in FY26

** GYM also says trading momentum remained strong in peak recruitment months of January and February

** Co also plans to open 14-16 new sites in 2025 in line with the plan to open about 50 sites over three years

** In 2024, stock rose ~40%

($1 = 0.77 pounds)

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com))