Viva Leisure Ltd. · ASX:VVA
Viva Leisure — FY2026 Earnings Presentation
31 slides from Viva Leisure's earnings presentation, Aug 19, 2026
Slide 1: FY2026 Results
FY2026 RESULTS Full Year Ended 30 June 2026 ASX: VVA 19 August 2026 534 Locations 694,243 Members $237.1m Revenue Underlying NPAT $18.9m
Slide 2: Contents
CONTENTS FY2026 Guidance vs Delivered 4 Executive Summary 5 Financial Highlights 6 Financial Results 11 Outlook & Strategy 19 Appendix 27 FY2026 FULL YEAR RESULTS PRESENTATION PAGE 2
Slide 3: CEO message: Harry Konstantinou
" FY2026 was the year we said we would slow the rollout and prove the model. We did both. Revenue grew 12.2 per cent while costs grew 10.2 per cent, EBITDA margin expanded by 50 basis points, and we exceeded guidance on every metric — including the NPAT guidance we upgraded in May. Underlying NPAT o
Slide 4: FY2026 Guidance vs Delivered
FY2026 GUIDANCE vs DELIVERED FY2026 Guidance exceeded on all metrics FY2025 Original Revised FY2026 Growth vs Metric Actual Guidance Guidance Actual FY2025 Revenue 211.3m >237m >237m 237.1m +12.2% Adjusted EBITDA* 99.1m >111m >111m 112.3m +13.3% Underlying^ EBITDA* 45.9m >53m >53m 53.7m +17.0% Statu
Slide 5: Executive Summary FY2026
Executive Summary FY2026 What matters MAIDEN DIVIDEND ANNOUNCED A fully franked maiden dividend of 3.0 cents per share Growth with operating leverage Revenue up 12.2%, with Adjusted EBITDA up 13.3% EARNINGS GROWTH PAYMENTS & TECH SEGMENT Underlying NPAT up to $18.9m Segment revenue grew 39.8% YoY, M
Slide 6: Financial Highlights FY2026
Financial Highlights FY2026 $237.1m 47.4% $18.9m 3.0cps Revenue EBITDA Margin Underlying NPAT Maiden Dividend FY2025: $211.3m +12.2% FY2025: 46.9% +50bps FY2025: $12.9m +46.4% $35.1m $112.3m $12.8m 13.1c Adjusted Free Cash Flow Adjusted EBITDA Statutory NPAT Statutory EPS FY2025: $32.6m +7.7% FY2025
Slide 7: Four Pillars — One Platform
Four Pillars — One Platform The Investment Case PILLAR 1 PILLAR 2 PILLAR 3 Health Clubs Franchise Network Payments & Tech1 Club Lime | Plus Fitness | World Gym | Boutiques Plus Fitness | World Gym | BFS Viva Pay & Viva Labs $208.2m +11.0% $9.0m +13.5% $7.1m +39.8% health club revenue Franchisor and
Slide 8: Operating Leverage FY2026
Operating Leverage FY2026 Revenue up 12.2%. Costs up 10.2%. Earnings continue to compound. GROWTH ON FY2025 Revenue +12.2% 51c of every incremental revenue dollar became EBITDA Adjusted EBITDA +13.3% $13.2m of EBITDA on $25.8m of new revenue, against a 47.4% average margin EBIT +32.0% NPAT +144.5% +
Slide 9: Growth Trajectory Revenue & EBITDA
Growth Trajectory Revenue & EBITDA Revenue ($m) EBITDA ($m) 237.1 112.3 211.3 99.1 CAGR CAGR +34.0% 120.6 +38.8% 162.6 78.9 58.2 141.2 112.3 53.5 65.5 83.5 42.2 90.8 73.8 33.9 83.7 34.1 36.5 47.8 56.8 116.5 54.1 40.9 99.0 19.9 25.3 45.6 79.1 15.7 36.7 17.9 67.4 31.6 5.4 35.9 34.0 14.2 11.2 23.0 10.3
Slide 10: Organic Growth via Network Optimisation
Organic Growth via Network Optimisation FY2026 Average Members per club Corporate clubs FY2025 1,286 FY2025 201 HY2026 1,314 HY2026 202 FY2026 1,351 +65 FY2026 204 +3 AVERAGE MEMBERS PER CLUB GROWTH NETWORK OPTIMISATION & MARGIN EXPANSION Average revenue per member is ~$750 or approximately $10m pa
Slide 11: Financial Results
Financial Results FY2026 FULL YEAR RESULTS PRESENTATION PAGE 11
Slide 12: Profit & Loss FY2026
Profit & Loss FY2026 Statutory NPAT to Underlying NPAT ($m) Statutory Profit & Loss ($m) 18.9 4.5 1.6 14.4 FY2026 FY2025 Var 12.8 Revenue 237.1 211.3 +12.2% Operating Costs (127.1) (115.3) +10.2% EBITDA 110.0 96.0 +14.6% Statutory Normalisations Adjusted AASB16 leases Underlying after tax Depreciati
Slide 13: Scale and Momentum: Revenue Mix FY2026
Scale and Momentum Revenue Mix FY2026 Revenue mix – where the dollars sit Growth rate – where the momentum is FY2025 $211.3m 88.7% Payments & Technology +39.8% FY2026 $237.1m Supplements & Other +18.5% 87.8% Franchise +13.5% Health Clubs $208.2m / Supps & Other $12.8m / Franchise $9.0m / Payments &
Slide 14: Where the Growth Came From
Where the Growth Came From FY2026 Revenue bridge($m) THE CORE CARRIED IT $20.7m of the $25.8m came from health clubs; 2.0 237.1 +11.0% with only three net new corporate 2.0 1.1 locations. Growth from the locations we already 20.7 own. THE FASTEST DOLLARS ARE CAPITAL-LIGHT Payments & Technology +39.8
Slide 15: Balance Sheet
Balance Sheet As at 30 June 2026 Assets ($m) Liabilities & Net Assets ($m) ($m) FY2026 FY2025 ($m) FY2026 FY2025 Cash 5.8 12.9 Trade & Other Payables 14.6 18.0 Receivables & Other 8.2 7.8 Contract Liabilities 4.8 5.2 PP&E 138.4 126.0 Lease Liabilities 291.9 283.1 Right-of-Use Assets 248.5 245.1 Borr
Slide 16: Cash Flow Summary
Cash Flow Summary FY2026 ($m) FY2026 FY2025 Opening Cash 12.9 22.3 We deleveraged while investing $26.9m into growth capex and technology, $4.4m into acquisitions and returning $1.8m through the Operating Cash Flows 76.4 70.0 buy-back, funded entirely from operating cash flow. PP&E & Intangibles (32
Slide 17: Adjusted Free Cash Flow
Adjusted Free Cash Flow FY2026 Growth Reinvestment ($m) FY2026 FY2025 ($m) FY2026 FY2025 Growth Capex 21.4 19.1 Net Receipts / Payments 113.4 100.3 Technology Investment 5.5 4.8 Viva Pay Payables Adj (4.4) (2.1) Acquisition Investments 4.4 36.9 Normalisations 2.3 3.1 Total Growth Reinvestment 31.3 6
Slide 18: Maiden Dividend
Maiden Dividend Capital Management 3.0c FY2026 CAPITAL ALLOCATION ($m) Growth Capex 21.4 per share, fully franked Technology Investment 5.5 28 Sep 2026 29 Sep 2026 20 Oct 2026 Acquisition Investments 4.4 Ex-date Record date Payment date Debt Reduction 1.7 The Dividend Reinvestment Plan (DRP) will op
Slide 19: Outlook & Strategy
Outlook & Strategy FY2026 FULL YEAR RESULTS PRESENTATION PAGE 19
Slide 20: Current Trading Update
Today Current Trading Update A new membership milestone achieved 700,000+ 278,000+ Network Membership Corporate Membership Membership growth has continued since 30 June 2026. FY2026 FULL YEAR RESULTS PRESENTATION PAGE 20
Slide 21: One Million Members by FY2029
One Million Members by FY2029 The Target Continuing exactly as we are grows the network past 900,000. Reaccelerating greenfield closes the rest. 1,000,000 1,000 87k Members members by FY2029 6,000+ members a month today 30+ new locations a year (Corporate & Franchise) 170 650 FY2026 FY2027 FY2028 FY
Slide 22: Greenfield Reacceleration
Greenfield Reacceleration The Funnel FY2026 delivered 6,000+ members a month with just three net new corporate locations. That lever is now being switched back on. NET NEW CORPORATE LOCATIONS WHAT GETS US THERE 20+ Current Pace ~914k Corporate openings 1m+ 3 HEADROOM ON TOP • Franchise openings cont
Slide 23: Viva 360 – Member Intelligence
Viva 360 – Member Intelligence Retention & Churn Management AI-NATIVE. NOT AI-ENABLED 20+ YEARS OF DATA, ONE PLATFORM The entire member estate is queried in plain English Viva is in the unique position of owning and against certified data – zero dashboard licences, controlling over 20 years of data
Slide 24: Unlocking the Value inside Viva
Unlocking the Value inside Viva “Viva today operates two distinct businesses: an international fitness network, and a technology and payments platform that supports it. Meridium Global gives the second of those its own structure and strategic direction.” Harry Konstantinou, CEO & Managing Director F
Slide 25: Payments Technology
Unlocking the Value inside Viva Not just billing – a vertically integrated payments and technology platform, built entirely in-house. PILLAR 01 PILLAR 02 Payments Technology Direct debit, activation, failed payment and admin fees The Hub, modular member management and access control hardware Total T
Slide 26: A real business with real earnings and products
A real business with real earnings and products Meridium EBITDA as a standalone ($m) EBITDA is pre inter-segment eliminations 13.4 FY2025 and FY2026 as per financial accounts (Refer Note 7) Viva’s payments and technology assets will transfer into Meridium Global, which 3.7 will own and operate them
Slide 27: Appendix FY2026
Appendix FY2026 FY2026 FULL YEAR RESULTS PRESENTATION PAGE 27
Slide 28: Members: Corporate & Network
Members Corporate & Network Corporate Members (‘000s) Network Members (‘000s) 1M 276 259 200 694 182 621 160 126 346 372 94 320 298 54 94 54 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2029 CONSECUTIVE MEMBER GROWTH NETWORK OPTIMI
Slide 29: Network Locations
Network Locations FY2026 704 534 170 operating locations 491 346 351 330 334 290 309 175 175 183 194 79 176 201 204 151 171 29 115 IP (June 2019) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Corporate Franchise / Investment Pipeline (Franchises Sold & Greenfield) FY2026 FULL YEAR RESULTS PRESENT
Slide 30: AASB16 Reconciliation
AASB16 Reconciliation FY2026 ($m) FY2026 FY2025 Var Adjusted EBITDA1 112.3 99.1 13.3% Less: Rent Expense (58.6) (53.2) 10.2% Pre-AASB16 EBITDA 53.7 45.9 17.0% Depreciation (19.9) (20.1) (1.0%) Interest (7.4) (7.8) (5.3%) NPBT (Pre-AASB16) 26.4 18.0 46.8% Tax at effective rate (7.5) (5.1) Pre-AASB16
Slide 31: 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