March 2026
TABLE OF CONTENTS
RECAP FY 2025 RESULTS
CLEVER FIT ACQUISITION
FRANCHISE OFFER
FINANCIALS
GROUP HIGHLIGHTS FY 2025
INCLUDING CLEVER FIT
Clubs
2,151
Up 37% year-on-year
Memberships
5.8 million
Up 36% year-on-year
Revenue
€1,420 million
Up 17% year-on-year
Underlying EBITDA less rent
€348 million
Up 11% year-on-year
Highlights include Basic-Fit owned clubs, Clever Fit owned clubs and Clever Fit franchise clubs which makes up the Group
HIGHLIGHTS FY 2025
BASIC-FIT OWNED CLUBS
Clubs
1,660
Up 5% year-on-year
Memberships
4.82 million
Up 13% year-on-year
Revenue
€1,410 million
Up 16% year-on-year
Underlying EBITDA less rent
€345 million
Up 10% year-on-year
Highlights exclude Clever Fit acquisition
CONTINUED STRONG GROWTH
444 Germany
236 Belgium
10 Luxembourg
1 Czech Republic
23 Switzerland
15 Slovenia
230 Spain
1 Croatia
894 France
2 Romania
49 Austria
s
246 Netherland
THROUGH OWNED AND FRANCHISE CLUBS
4.82 MILLION BASIC-FIT MEMBERSHIPS
13% YOY MEMBERSHIP GROWTH
Basic-Fit membership development 2016 to 2025
millions 5.0
Increased membership base by 564K versus FY 2024
Avg membership per club increased by 201 from 2,701 to 2,902
4.0
3.0
Yield per member increased to €24.91 (2.8% increase YoY)
2.0
Avg length of stay increased to 24 months versus 23 months in 2024
1.0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
0.0
CONTINUED DELIVERY OF STRONG GROWTH
ALL KPI'S HAVE DOUBLE DIGIT CAGRS (2016 - 2025)
# of clubs
2,000
1,600
1,200
905
1,015
1,200
1,402
1,575
1,660
# of memberships ('000s)
5.00
4.00
3.00
2.22 2.00 2.22 2.22
3.35
4.25
4.82
800
400
419
521
629
784
2.00
1.00
1.21
1.84
1.52
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
0.00
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
revenue (€ million)
1,400
1,050
795
1,047
1,215
1,410
underlying EBITDA less rent* (€ millions)
400
300
204
261
313
345
700
350
259 326
402
515
377 341
200
100
80
124
101
155
32
94
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CAGR data is for Basic-Fit owned clubs only from 2016 - 2025
OUTLOOK 2026*
CONTINUED STRONG GROWTH IN REVENUE
AND UNDERLYING EBITDA LESS RENT
Continued growth of net 50 Basic-Fit owned clubs
Revenue between
€1.64 - €1.69 billion
Underlying EBITDA less rent €405 -
€445 million
Significant improvement in positive free cash flow
*outlook includes Clever Fit owned clubs and franchise clubs.
CLEVER FIT ACQUISITION
CLEVER FIT
GERMAN LEADER AND LARGEST FITNESS FRANCHISOR IN EUROPE
ACQUISITION INTEGRATION
10 1. 493 Clever Fit clubs at time of purchase, 491 Clever Fit clubs at year-end 2025
FRANCHISEE OFFER
THE VALUE FOR BASIC-FIT GREAT STRATEGIC & EMBEDDED VALUE
1 2 3
STRATEGIC
Reduced time to achieve scale in DE by several years
Immediate leader in European franchise business
Experienced franchise team
EMBEDDED
2024: 11-12 times underlying EBITDA less rent
2027: 3 - 6 times underlying EBITDA less rent
OWNED CLUBS
56 owned clubs - to be rebrand Basic-Fit in 2026
~2,000 memberships per club
12
13
UTILISING OUR CAPABILITIESWILL INCREASE REVENUE AND PROFIT FOR ALL
1 2 3
MORE
MEMBERS
MORE REVENUE AND LESS OPERATING COST FOR FRANCHISEES
HIGHER FEE INCOME FOR BASIC-FIT
FRANCHISEE OFFER
OPTION 1: REBRANDING OPTION 2: REBRANDING +
24/7 STAFFLESS MODEL
BRANDING : €125k
Engaging look and feel
In-store signageEngaging look and feel
In-store signage Outdoor signage Branded furniture
Transport and installation
BRANDING & 24/7 : €250k
Tech-enabled operations In-store signage Outdoor signage
Smart camera system Branded furniture Entrance security Kiosks and screens
Transport and installation
14
FINANCIALS
INCOME STATEMENT FULL YEAR 2025
P&L 2025 2024 %
Includes Basic-Fit and Clever Fit
CAPEX OVERVIEW
Expansion Capex
€1.33 million (2024: €1.30 milion) spent on
average per newly built club
Maintenance capex
Other capex
17
FREE CASH FLOW
CAPITAL ALLOCATION STRATEGY AND CASH FOCUS
YIELD POSITIVE FREE CASH FLOW
2025 2024
18
WELL FINANCED UNTIL 2029
Maturity of debt
304
304
330
70
730
800
600
400
200
0
2025 2026 2027 2028 2029
put option convertible bond convertible bond bilateral syndicate
OUTLOOK 2026*
CONTINUED STRONG GROWTH IN REVENUE
AND UNDERLYING EBITDA LESS RENT
Continued growth of net 50 Basic-Fit owned clubs
Revenue between
€1.64 - €1.69 billion
Underlying EBITDA less rent €405 -
€445 million
Significant improvement in positive free cash flow
*outlook includes Clever Fit owned clubs and franchise clubs.
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Disclaimer
Basic Fit NV published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 11:43 UTC.
