Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q2 2025 Earnings Presentation
35 slides from Leejam Sports's earnings presentation, Jul 29, 2025
Slide 1: Earnings Presentation Q2 2025
Earnings Presentation Q2 2025– 29 July 2025
Slide 2: Disclaimer
DISCLAIMER All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su
Slide 3: Executive Summary
Executive Summary
Slide 4: Strong revenue growth in Q2 2025 with 28 new centers added vs 2024
Strong revenue growth in Q2 2025 with 28 new center added vs 2024. Q2 376 +9% 135 (1%) 93 (6%) 177 +2% 72 (1%) 2025 Revenue Gross Profit Operating Profit EBTIDA Net Profit H1 744 +10% 264 (3%) 183 (8%) 349 +2% 143 (13%) 2025 Revenue Gross Profit Operating Profit EBTIDA Net Profit SAR Million Confide
Slide 5: Members count and activities remain strong despite H1 being slow
Members count and activities remain strong despite H1 being slow 207 +27 145 +15 62 +12 163 +20 44 +7 20 +1 Total Centers, Male Centers Female Centers Big Box Centers Xpress Centers Studios & Studios and Academies Academies 483K +13% 9.8M +13% 257K +14% 102K +23% 684K +9% 11 End of Period Total Visi
Slide 6: Comprehensive Coverage Across the Fitness Market
Comprehensive Coverage Across the Fitness Market, with Dedicated Solutions for Every Market Segment Concept Studios & Premium Tier Middle Tier Low Cost, High Value Academies 4 Centers 159 Centers 44 Centers 20 Centers 4 Male Centers 104 Male Centers 39 Male Centers 12 Male Centers 0 Ladies' Centers
Slide 7: Network Expansion & Members Trend
Network Expansion & Members Trend
Slide 8: Center Movement Between Q2 2024 and Q2 2025
Center Movement During between Q2 2024 and Q2 2025 227 +28 Centers 199 Openings 13 9 7 Fitness Time 0 1 1 207 +27 Centers Centers BigBox Male BigBox Female Xpress Male Xpress Female Concept Studio Academies 180 and academies Closure 1 1 1 0 0 0 Concept BigBox Male BigBox Female Xpress Male Xpress Fe
Slide 9: Memberships continue its growth fueled by center openings
Memberships continue its growth fueled by center opening… Total QE Members Period Average Members Total QE Members / Segment QE Members / Center In Thousand In Thousand In Thousand In Thousand 468 Female 483 420 Female 103 Female Female 428 92 +12% 1.8 -10% 1.7 +14.8% Male Male +13% +11% 380 Male Ma
Slide 10: Subscription mix gradually returning to historical level of shorter durations
Subscription mix gradually returning to historical level of shorter durations Sold Subscriptions Sold Subscriptions % of Total % of Total Sold Units Q2-2024 Q2-2025 Sold Units H1-2024 H1-2025 66% 58% 60% 59% 13% 12% 13% 13% 13% 13% 10% 11% 11% 10% 7% 9% 8% 5% 4% 2% 1% 0% 0.6% 1% 0% 0.7% Key notes •
Slide 11: Financial Review
LecANM Financial Review
Slide 12: Financial Performance – Q2 2025 (Consolidated)
Financial Performance – Q2 2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 50% 40% 45% 375.6 35% 40% 339.4 35% 133.1 134.6 30% +11% 25% +1% 20% 15% 10% 5% - 0% Q2-2024 Q2-2025 Q2-2024 Q2-2025 EBITDA NET PROFIT In Millions SAR EBITDA Margins In Millions S
Slide 13: Financial Performance – H1 2025 (Consolidated)
Financial Performance – H1 2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 40% 50% 35% 744.5 40% 679.7 30% 271.4 264.2 20% +10% 10% 0% -3% -10% -20% - -30% H1-2024 H1-2025 H1-2024 H1-2025 EBITDA NET PROFIT In Millions SAR EBITDA Margins In Millions SAR N
Slide 14: Strong financial position, solid returns, and low leverage level
Strong financial position, solid returns, and low leverage level CR & DEBT RATIOS ROE, ROIC, ROCE Current Ratio = Total CA / (TCL-Deferred Revenue) ROE = TTM Net Profit /Total Equity D/E Ratio = (Total Liability – Deferred Revenue) / Total Equity ROIC = TTM Net Profit / Invested Capital ROCE = TTM E
Slide 15: Healthy cash flows, despite high capex and dividends
Healthy cash flows, despite high capex and dividends All Amounts in million (SAR) Free Cash Flow 85 H1 2025* 276 122 (190) (86) 108 (23) 76 (104) (25) (2) Operating CF, Net Other Investment Net. Lease Payments Finance cost paid Cash at End Cash as of Beginning CapEx Loan Borrowings. Net Divident pai
Slide 16: Q2 2025 COR, G&A and S&M
Q2 2025 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center 40 G&A G&A / Center (000) 350 S&M S&M / Center (000) 50 35 6 45 300 241 40 30 29 250 35 206 30 4 200 20 29 25 172 150 162 20 20 15 100 10 10 1.2 1.2 50 5 0 0 0 - Q2-24 Q2-25 Q2-24 Q2-25 Q2-24 Q2-25
Slide 17: H1 2025 COR, G&A and S&M
H1 2025 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center 80 G&A G&A / Center 1 S&M S&M / Center (000) 0 1 0 70 12 480 11 70 1 0 1 408 60 10 0 60 1 1 0 50 0 0.07 2.3 0 2.3 0.06 0 0.33 0.34 0 40 0 0 0 30 0 0 (0) H1-24 H1-25 H1-24 H1-25 H1-24 H1-25 Key notes
Slide 18: Strong financial position to fund future expansion
Strong financial position to fund future expansion Cash In Millions& CE* SAR Loans Deferred Revenue In Millions SAR In Millions SAR In Millions SAR 453 432 Deferred Revenue Deferred Revenue / Center 203 8.0 442 409 7.0 6.0 +5% +8% 5.0 4.0 73 3.0 2.3 2.1 (64%) 2.0 1.0 Q2-24 Q2-25 Q2-24 Q2-25 Q2-24 Q2
Slide 19: Segmental Performance
LEEUAM Segmental Performance
Slide 20: Segment Performance – Q2 2025
Segment Performance – Q2 2025 By Source By Sector In Millions SAR In Millions SAR Q2-2024 Q2-2025 Q2 2024 Q2 2025 +8% 314 289 +9% 369 337 +17% 43 51 +5% 5 6 1 5 2 7 Sub & Member PT Rental Other Fitness Time Other Confidential and Proprietary Information 20
Slide 21: Segment Performance – H1 2025
Segment Performance – H1 2025 By Source By Sector In Millions SAR In Millions SAR +9% H1-24 H1-25 H1-24 H1-25 625 573 +9% 734 673 +9% 91 98 +25% 24% +63% 9 12 7 9 6 10 Sub & Member PT Rental Other Fitness Time Other Confidential and Proprietary Information 21
Slide 22: Fitness Time: Female segment strong growth, male dominates, margins affected
For Fitness Time, Female segment showed strong growth while male segment dominates, margins affected by record openings in 2024 REVENUE GROSS PROFIT GP Margin In Millions SAR In Millions SAR In Millions SAR Male Female Male Female Male Female Female Female +11% 95 Female Female Female 86 28 28 33% (
Slide 23: Fitness Time: Female segment strong growth, male dominates, margins affected
For Fitness Time, Female segment showed strong growth while male segment dominates, margins affected by record openings in 2024 REVENUE GROSS PROFIT GP Margin In Millions SAR In Millions SAR In Millions SAR Male Female Male Female Male Female Female Female Female Female +12% 194 61 59 173 (3%) Femal
Slide 24: Performance per Center
LEEUAM Performance per Center
Slide 25: Performance per Center by Quarters
Performance per Center by Quarters REVENUE vs REVENUE PER CENTER In Millions SAR 3 500 Revenue Revenue Per Center 2.4 2.5 2.1 2.2 2.2 2.2 2.2 2.0 2.1 1.8 400 1.9 1.9 2.0 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.8 1.7 1.8 1.7 2 1.6 1.7 1.6 1.6 300 1.5 1.1 398 406 408 369 376 200 1 337 348 344 344 267 261 264 27
Slide 26: Decline in per center KPIs as new centers still in ramp-up phase
Decline in per center KPIs as new centers still in the ramp-up phase. REVENUE PER CENTER GROSS PROFIT PER CENTER GP Margin In Millions SAR In Millions SAR Female Female Female 31% 1.71 Female 0.53 Female (9%) 1.57 (22%) Female 27% 0.42 (4%) (3%) Male Male Male Male (13%) Male Male 0.85 43% 1.96 1.89
Slide 27: Decline in per center KPIs as new centers still in ramp-up phase
Decline in per center KPIs as new centers still in the ramp-up phase. REVENUE PER CENTER GROSS PROFIT PER CENTER GP Margin In Millions SAR In Millions SAR Female Female Female 1.12 32% 3.46 Female Female (10%) 3.13 Female 29% (20%) 0.90 (4%) Male Male Male (4%) Male 1.69 (16%) Male 43% Male 3.89 3.7
Slide 28: Financial performance by maturity – Q2 2025
Financial performance by maturity– Q2 2025 REVENUE PER CENTER EBITDA MARGIN H1 2024 H1 2025 H1-24 H!-25 In Millions SAR 4.5 4.1 4.0 4.0 51% 51% 3.5 3.0 44% 2.5 37% 2.1 2.0 1.9 1.5 1.0 0.5 - LFL Non-LFL LFL Non-LFL • LFL means centers that are older than 2 years. • Non-LFL means centers that are betw
Slide 29: Outlook
LEEUAM Outlook
Slide 30: Outlook: Deferred Revenue and Project Pipeline
Balance Sheet Deferred Revenue Pipeline In Millions SAR 2025 growth will be driven by: Deferred revenue balance as 30-June-25 Amount to be recognized in Q3 2025 • Price driven growth in LFL centers. • Volume driven growth in Non-LFL Centers 422 • Improving customer experience, member retention & ser
Slide 31: Appendix
Appendix
Slide 32: Audited Financial Statements (Statement of P&L and OCI)
Audited Financial Statements (Statement of P&L and OCI) Q2 2025 Q2 2024 Q2 2025 Q2 2024 Revenue 375,575,312 339,350,997 Net profit for the period 72,119,680 72,915,177 Cost of revenue -241,011,091 -206,208,715 ───────── ───────── Other comprehensive income GROSS PROFIT 134,564,221 133,142,282 Item t
Slide 33: Audited Financial Statements (Statement of financial position)
Audited Financial Statements (Statement of financial position) 30 June 2025 31 December 2024 31 March 2025 31 December 2024 ASSETS NON-CURRENT LIABILITIES NON-CURRENT ASSETS Borrowings 257,458,904 225,957,411 Property and equipment Lease liabilities 1,365,793,803 1,275,789,904 2,173,636,095 2,057,68
Slide 34: Audited Financial Statements (Statement of cash flows)
Audited Financial Statements (Statement of cash flows) H1 2025 H1 2024 H1 2025 H1 2024 OPERATING ACTIVITIES Profit before zakat and income tax 142,995,707 170,537,118 FINANCING ACTIVITIES Profit from discontinued operations 67,621 1,224,449 Proceeds from borrowings 462,978,073 329,313,074 Adjustment
Slide 35: Thank You! Q&A
Thank You! Q&A For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Leejam Sports Company — Q2 2025 Earnings Presentation on 6ix