“Our H2 FY22 revenue will exceed guidance thanks to our momentum continuing to increase during May and June as most metrics beat pre-Covid levels. In June we achieved an average monthly revenue run rate of $10.2 million, up 23% on 12 months ago and exceeding our $10 million target, and memberships continued to grow to record levels of over 320,000, including 160,000 corporate members.”

“Pleasingly, we achieved a record June 2022 utilisation rate of 69.3% across our portfolio. An increase in portfolio utilisation rate shows our local marketing campaigns are working and provides increased margin due to limited additional costs to add new members to an already operating location. Average revenue per member per week also increased to $14.59 in June 2022, up 23.8% on a year ago, as our established club’s members returned to pre-COVID levels and new clubs which opened in FY2022 continue to show good traction.”

“Total locations have increased to 334. We have also successfully entered the Western Australian market with eight corporate owned Plus Fitness locations. We maintain our growth focus to 12 sites in Queensland and Victoria, we continue to execute on our growth ambitions and solidify our position as Australia’s second largest operator in the Australian health and leisure industry.”