Overview
- PureGym reported half-year results on Thursday showing revenue up 6% to £393m, Adjusted EBITDA up 23% to £123.6m, and membership rising 3% to 2.44 million while statutory losses narrowed to £20.7m.
- The group says it is on track to open about 60 new gyms in 2026 with openings accelerating in the second half of the year and plans to enter the Republic of Ireland with a Dublin site expected in early 2027.
- Profitability in the US improved sharply after the Blink Fitness integration, lifting US EBITDA about 35% to roughly £8.8m and showing the firm can extract value from cross-border M&A.
- PureGym expanded its Women’s Workout Spaces by 20 sites in H1, taking the UK total to 73 as part of a product push to broaden appeal and boost female member comfort.
- Management says tighter cost control and a lower senior secured net leverage of about 3.5x give it more capital flexibility and a route to cheaper refinancing or a future public listing as it pursues a 750+ site pipeline.