AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- In FY24, revenue grew by 15.9% YoY to AUD 163.6 million, driven by organic expansion and innovation.
- The company expanded by five corporate locations in FY24, totalling 176 locations.
- In FY25, the company expects revenue of over AUD 224 million.
Established in 2004, Viva Leisure Limited (ASX:VVA) is an ASX-listed company that manages ~120 health clubs in Australia. The company manages two distinct health club brands, Club Lime and Club Pink. In the financial year 2024, the company recorded 15.9% YoY increase in the revenue to AUD 163.6 million, supported by a focus on organic expansion and innovative approaches. During the reported period, EBITDA (excluding AASB-16) jumped by nearly 21% YoY to AUD 35.4 million, reflecting operational efficiency and improvement in margins. Meanwhile, NPAT grew by approximately 19.7% YoY to AUD 10.6 million.
The period saw the expansion of five corporate locations, taking the total to 176 locations. At the end of year, cash balance stood at AUD 22.3 million.
Recently (13 January 2025), the company announced an on-market buyback program of 14,129 shares.
Growth prospects for entertainment stocks
The data released by the Australian Bureau of Statistics (ABS) on 10 January 2025, in November 2024, household spending surged by 0.4% after recording a rise of 0.9% in October. During the reported period, spending on culture and recreation jumped 0.9% while expenditure on household furnishings and equipment increased by almost 0.8%, backing the overall household spending growth.
Outlook
In FY25, the company expects to record revenue of over AUD 224 million, and in 4QFY25, revenue of AUD 56 million is forecasted. Furthermore, in FY25, an EBITDA of AUD 50 million is estimated and in 4QFY5, an EBITDA of AUD 12.5 million is expected.
Share performance of VVA
VVA shares closed 3.87% lower at AUD 1.365 per share on 13 January 2025. Over the past year, VVA reported 3.87% drop in the share price. In the last three months, VVA’s share price has risen by 4.20%.
52-week high of VVA is AUD 1.65, recorded on 15 February 2024 and 52-week low is AUD 1.28, recorded on 9 October 2024.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 13 January 2025. The reference data in this report has been partly sourced from REFINITIV.
Disclaimer
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