Viva Leisure's Q1 FY2025 Performance Update

Viva Leisure Limited (ASX:VVA) has reported a robust performance for the first quarter of the 2025 financial year (Q1 FY2025), achieving significant milestones. The company's revenue reached $47.5 million in Q1 FY2025, reflecting a 10% increase from the previous quarter. Viva Leisure's membership base surpassed 400,000 members, and the company added $17 million in annualized revenue from Q4 FY24. Additionally, Viva Leisure successfully purchased back 694,679 shares as part of its share buy-back program during September 2024, demonstrating the company's strong financial position and commitment to delivering value to shareholders.

Executive Commentary on Q1 FY2025 Performance and Strategic Initiatives

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 will continue to drive strong performance in the coming quarters.

Summary of Q1 FY2025 Performance and Outlook

Viva Leisure's Q1 FY2025 performance showcased strong revenue growth, network membership expansion, and the introduction of NFC-enabled digital wallet access passes, reflecting the company's commitment to innovation and member experience. The company's outlook for Q2 FY2025 remains positive, with plans to increase its network by a minimum of eight corporate locations and open new Plus Fitness franchise locations. Viva Leisure is confident that these developments, along with the introduction of digital wallet access passes, will contribute to sustained growth and improved member experiences. The company's strategic initiatives, including the share buy-back program and expansion plans, demonstrate its strong financial position and commitment to delivering value to shareholders.