Viva Leisure Ltd. · ASX:VVA
Viva Leisure — HY2026 Earnings Presentation
22 slides from Viva Leisure's earnings presentation, Feb 12, 2026
Slide 1: HY2026 Results
HY2026 RESULTS Half Year Ended 31 December 2025 ASX: VVA 12 February 2026 518 Locations 656,043 Members $116.5m Revenue Underlying NPAT $8.1m
Slide 2: CEO message: profit conversion and cash generation
" This half delivers on what matters most — profit conversion and cash generation. NPAT grew 168% to $5.2 million and adjusted free cash flow increased 25% to $19.9 million. During the period we deliberately shifted capital allocation from physical rollouts toward technology and platform development
Slide 3: Executive Summary HY2026
Executive Summary HY2026 FY2026 Guidance EARNINGS GROWTH TPLR SEGMENT Underlying NPAT up to $8.1m Segment revenue grew 45% (+46.8% on PCP) YoY, now 8.1% of total revenue >$237m >$11.5m Revenue Statutory NPAT FY2025:$211.3m FY2025:$5.2m CASH CONVERSION REVENUE Adjusted FCF of $19.9m (+25%), $116.5m –
Slide 4: Financial Highlights HY2026
Financial Highlights HY2026 $116.5m $25.4m $8.1m 21.8% Revenue Underlying EBITDA Underlying NPAT EBITDA Margin HY2025: $99.0m +17.6% HY2025: $21.0m +20.8% HY2025: $5.5m +46.8% HY2025: 21.2% $19.9m $54.1m $5.2m 5.32c Adjusted Free Cash Flow Statutory NPAT Statutory EPS Statutory EBITDA1 HY2025: $15.9
Slide 5: Three Pillars — One Platform
Three Pillars — One Platform Strong organic growth The Investment Case PILLAR 1 PILLAR 2 PILLAR 3 – GROWTH ENGINE Health Clubs Franchise Network TPLR Club Lime | Plus Fitness | World Gym | Boutiques Plus Fitness | World Gym | BFS Technology, Payments, Licensing & Retail $102.9m +16.3% $4.2m +9.2% $9
Slide 6: Growth Trajectory
Growth Trajectory Revenue & EBITDA 111(F) Revenue ($m) EBITDA ($m) 237(F) 99.1 211.3 78.9 56.9 162.6 120.5 65.5 53.5 141.2 112.3 42.2 83.5 33.9 90.8 73.8 83.7 36.7 34.1 56.8 54.1 47.8 116.5 19.9 25.3 45.6 40.9 99.0 15.7 36.7 79.1 31.6 17.9 67.4 5.4 35.9 34.0 10.3 14.2 11.2 23.0 FY2020 FY2021 FY2022
Slide 7: Organic Growth via Network Optimisation
Organic Growth via Network Optimisation HY2026 Average Members per club Corporate clubs HY2025 1,210 HY2025 197 HY2026 1,314 +104 HY2026 202 +5 NETWORK OPTIMISATION HEALTH CLUB REVENUE Network optimisation program announced after FY2025 results Up 16.3% with net growth of five locations. continues t
Slide 8: Financial Results
Financial Results HY2026 RESULTS PRESENTATION PAGE 8
Slide 9: Profit & Loss
Profit & Loss HY2026 Statutory P&L ($m) HY2026 HY2025 Var AASB16 Reconciliation ($m) HY2026 HY2025 Var Revenue 116.5 99.0 +17.6% Statutory EBITDA 52.9 45.7 15.8% Operating Costs (63.6) (53.3) +19.3% Normalisations 1.2 1.4 EBITDA (Statutory) 52.9 45.7 +15.8% Less: Rent Expense (28.7) (26.1) 9.9% Depr
Slide 10: Revenue by Segment
Revenue by Segment HY2026 Total Revenue $M, HY COMPARISON Revenue Growth by Segment $M, INCREASE HY26 VS HY25 DIVERSIFICATION Franchise & TPLR now 11.7% of Group $116.5m Health Clubs $88.5m to $102.9m $14.4m +16.3% Revenue Half Year to December 2025 Up from 10.3% at HY2025 TPLR $2.9m +44.7% 116.5 $6
Slide 11: Balance Sheet
Balance Sheet As at 31 December 2025 Assets ($m) Liabilities & Net Assets ($m) ($m) HY2026 FY2025 ($m) HY2026 FY2025 Cash 18.2 12.9 Trade & Other Payables 19.1 18.0 Receivables & Other 8.0 7.8 Contract Liabilities 8.8 5.2 PP&E 128.8 126.0 Lease Liabilities 271.1 283.1 Right-of-Use Assets 230.0 245.1
Slide 12: Cash Flow Summary
Cash Flow Summary HY2026 ($m) HY2026 HY2025 Opening Cash 12.9 22.3 $42.2m Operating cash flows (+34%) Operating Cash Flows 42.2 31.6 PP&E & Intangibles (13.1) (15.9) Acquisitions (23.5) Payments for Investments (0.3) (6.1) $0 Acquisitions in the period Share Buy Back (1.9) Debt Repayment (2.8) 33.4
Slide 13: Adjusted Free Cash Flow
Adjusted Free Cash Flow HY2026 Growth Reinvestment ($m) HY2026 HY2025 ($m) HY2026 Growth Capex 7.4 Net Receipts / Payments 56.7 43.4 Technology Investment 2.6 Viva Pay Payables Adj 0.4 2.8 Final deferred payment on World Gym Investment 0.7 Normalisations 1.2 1.5 Total Growth Reinvestment 10.7 Rent P
Slide 14: Outlook & Strategy
Outlook & Strategy HY2026 RESULTS PRESENTATION PAGE 14
Slide 15: Current Trading Update
Today Current Trading Update Viva has achieved its strongest start to a year in its history 670,000+ 270,000+ Network Membership Corporate Membership +13,000 from 31 Dec 2025 to 11 Feb 2026 +4,000 from 31 Dec 2025 to 11 Feb 2026 Membership growth has continued since 31 December 2025, contributing ap
Slide 16: TPLR — Technology, Payments, Licensing & Retail
TPLR — Technology, Payments, Licensing & Retail $9.3m (+44.7%) 8.1% of Group Revenue (up from 6.5%) — highest-margin, most scalable segment Technology (Viva Labs) Payments (Viva Pay) • World Gym door access pilot commencing next month • Currently contributing over $6m per annum • New revenue generat
Slide 17: Strategy & Outlook
Strategy & Outlook Converting Scale into Returns Health Clubs Franchise Network TPLR — Next Phase of Growth ▪ Continuation of successful network and ▪ 171 franchise locations sold (franchisee • TPLR growing at 45% — highest-margin brand optimization strategy fees paid) across Plus Fitness, World seg
Slide 18: FY2026 Guidance
FY2026 GUIDANCE Current Trading Update Viva is guiding to the following targets for FY2026 >$237m >$11.5m ABOVE CONSENSUS Revenue Statutory NPAT FY2025: $211.3m FY2025: $5.2m Underlying NPAT guidance exceeds analyst consensus by >20% VVA Guidance Consensus >$16m $13m >$111m >$53m Statutory EBITDA Un
Slide 19: Appendix
Appendix HY2026 HY2026 RESULTS PRESENTATION PAGE 19
Slide 20: Network Membership ('000s)
Network Membership (‘000s) HY2026 +10.6% 656 621 593 372 336 346 345 320 298 297 275 31-Dec-20 30-Jun-21 31-Dec-21 30-Jun-22 31-Dec-22 30-Jun-23 31-Dec-23 30-Jun-24 31-Dec-24 30-Jun-25 31-Dec-25 HY2026 RESULTS PRESENTATION PAGE 20
Slide 21: Network Locations
Network Locations HY2026 689 518 171 operating locations 491 346 351 334 290 316 309 175 175 183 194 79 176 201 202 151 171 29 115 IP (June 2019) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 HY2026 Corporate Franchise / Investment Pipeline (Franchises Sold & Greenfield) HY2026 RESULTS PRESENTATION PAGE
Slide 22: Important notice and disclaimer
Important notice and disclaimer Important information Future performance The information in this presentation is general in nature and does not purport to be complete. It has been prepared by This presentation may contain certain ‘forward-looking statements’. Forward-looking statements include those