Viva Leisure (ASX:VVA) reported growth and progress for the first quarter of FY25.
The Australian health club giant reported strong revenue, membership growth, and record member engagement across its network.
The company's Q1 FY25 revenue reached $47.5 million, reflecting a 10% increase from Q4 FY24's $43.2 million.
Membership numbers surpassed the 400,000 mark, and corporate memberships saw a substantial jump from 200,100 in June to approximately 229,000 by the end of September.
"We are extremely pleased with the exceptional results achieved in the first quarter. The significant growth in our membership base, record member visits, and revenue underscores the strength of our business model and the dedication of our team," said Harry Konstantinou, CEO and Managing Director of Viva Leisure.
In addition to membership growth, Viva Leisure introduced NFC-enabled digital wallet access passes, aiming to streamline gym access and enhance the member experience across more than 120 locations.
This innovation aligns with the company’s strategic focus on leveraging technology to improve member engagement and satisfaction.
Looking ahead, Viva Leisure plans to expand its network by at least eight corporate locations and several Plus Fitness franchise openings in the second quarter of FY25.
The ongoing share buy-back program, combined with new openings and technological advances, positions the company well for continued growth and enhanced shareholder value.
At the time of reporting, Viva Leisure's share price was $1.38.