Viva Leisure trading update advises of membership numbers exceeding 400,000 and 7.8 million visits in last quarter

Viva Leisure Limited, Australia’s second largest health club owner and operator has revealed that in the first quarter of the current financial year its membership numbers exceeding 400,000, that its locations generated 7.8 million visits and it generated revenue of $47.5 million.

In an update on its performance for the first quarter the group showcased strong growth and sustained momentum across all of the group’s business units.

The growth in the current quarter was a 10% increase from the last quarter of the 2023/24 financial year with membership growth of 7.5% during the period - while corporate memberships grew by over 14.4% for the quarter.

The group’s corporate clubs also grew from 176 corporate clubs on 30th June to 190 as of 30th September with 14 new locations added in the first 12 weeks of the financial year.

In addition, Plus Fitness sold an additional four locations and opened three new locations during the quarter, to expand the network to 195 locations.

The quarter also saw Viva Leisure introduce its NFC-enabled digital wallet access passes, enhancing convenience for members who can now effortlessly access Club Lime facilities using their smartphones or smartwatches by simply tapping their devices to enter.

The technology eliminates the need for physical cards or app-based check-ins, making gym visits smoother and quicker while significantly reducing entry wait times, which, in turn, encourages more frequent visits.

During September 2024, Viva Leisure also successfully purchased back 694,679 shares as part of its ongoing share buy-back program, representing approximately 0.7% of the shares on issue at the beginning of the buy-back.

Advising that the outlook going forward remains positive, Viva Leisure Chief Executive and Managing, Harry Konstantinou commented “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. The high number of daily visits demonstrates the stickiness of our offerings and the importance of health and wellness to our members.

“Introducing NFC-enabled digital wallet access passes further exemplifies our commitment to innovation and enhancing the member experience. Expanding our corporate clubs and Plus Fitness locations has not only increased our market presence but also enhanced our ability to deliver unparalleled fitness experiences. Notably, we were able to repurchase 694,679 shares during September, reflecting our strong financial position and commitment to shareholder value, even as we pursued significant growth initiatives.

“We are confident that our strategic initiatives - including the addition of eight corporate locations through both greenfield developments and acquisitions and the rollout of new technologies will continue to drive strong performance in the coming quarters.”

Lower image: Club Lime digital access.