Viva Leisures FY2023 Annual Performance Report

Viva Leisure Limited (ASX: VVA), an Australian health club owner, has announced its impressive FY2023 results. The company achieved a 55.4% rise in revenue, reaching AU$141.2 million, driven by strong organic growth. EBITDA surged by 429.2% to AU$29.2 million, with an EBITDA margin of 20.7%. NPAT turned around significantly to AU$8.8 million from a loss in FY2022. 

Membership increased by 14% to 181,950 in owned locations, while utilization improved by 340 basis points to 72.7%. Viva Leisure expanded its network with 20 new owned locations, reaching a total of 171, and 12 more in all locations, totalling 346. Strategic acquisitions, openings, and technology innovations, including Viva Hub and Viva Pay, further contributed to the company's growth. A total reinvestment of AU$17.8 million underscores Viva Leisure's commitment to sustainable expansion.

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