Sport Clubs Company (6018) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 26.0% year-over-year to SAR 106.4 million, with net profit up 100.9% to SAR 13.8 million.

• Total active members increased 22.5% YoY to 168.4K, and member visits grew 36.4% to 3.7 million.

• Subscriptions were the main growth driver, up 31.2%, with strong gains in both men's and ladies' clubs.

• Personal training and other services revenues surged 77.9% YoY, supporting profitability.

• Rebranding strategy contributed to outperformance in revenues, profitability, and membership.

• Report covers unaudited consolidated results for the three and six months ended 30 June 2026, following the company's IPO and listing on Tadawul in July 2025.

• Principal activities include sports equipment retail, gym operations, and real estate investments.

Financial highlights

• Q2 2026 gross profit increased 53.0% YoY to SAR 34.0 million; operating profit up 46.4% to SAR 22.5 million.

• EBITDA for Q2 2026 reached SAR 43.0 million, up 27.6% YoY.

• Earnings per share for Q2 2026 rose 82.6% YoY to SAR 0.121.

• Deferred revenues as of June 30, 2026, were SAR 110.9 million, up 21.1% YoY.

• H1 2026 net profit was SAR 18.2 million, up 77.1% YoY; revenues for H1 2026 were SAR 192.5 million, up 15.4%.

• Six-month revenue rose to SAR 192.5M, up from SAR 166.8M year-over-year; three-month revenue was SAR 106.4M, up from SAR 84.4M.

• Net profit for six months reached SAR 18.2M, up from SAR 10.3M year-over-year; three-month net profit was SAR 13.8M, up from SAR 6.9M.

• Gross profit for six months was SAR 55.8M, up from SAR 39.4M year-over-year.

• Total assets increased to SAR 990.2M from SAR 944.7M at year-end 2025.

• Cash and cash equivalents at period end were SAR 44.5M, down from SAR 46.7M at year-end 2025.

Outlook and guidance

• 14 new-identity clubs are in the pipeline, scheduled to open in H2 2026 and 2027.

• Focus remains on disciplined growth, operational efficiency, and sustainable long-term value creation.

• Management notes business seasonality, with stronger performance expected in Q4 due to favorable weather and promotional campaigns.

• No material subsequent events after 30 June 2026 impacting financial position.