SATS ASA ("the Company") delivered revenues of NOK 1 393 million and EBIT
before IFRS 16 of 215 million in the second quarter of 2025. The activity
level kept growing due to both member growth and higher activity level per
member, with number of workouts up 4% from last year. Ongoing investments in
group training are paying off, with this segment leading the overall workout
growth.
Key highlights from the second quarter of 2025:
- Total revenues of NOK 1 393 million in Q2 2025, up 10% compared to the same
quarter last year
- EBITDA before IFRS 16 increasing by 23% to NOK 269 million in the quarter
- EBIT before IFRS 16 of NOK 215 million, up 35% compared to Q2 2024
- Operating cash flow of NOK 129 million and a cash conversion of 48% in the
quarter
- Continued momentum in club activity highlights the appeal of the offering,
with the increase driven by the group training offering
- Distributing dividend of 50% of H1 2025 net profit, equal to NOK 0.63 per
share and a total payout of NOK 127 million. Combined with share buybacks,
this brings H1 2025 capital return well above our 50% minimum target
- Clear strategic focus on the core reaffirmed at the CMD in May. Mid-term
EBITDA before IFRS 16 ambition of NOK 1.1 billion, with improvements expected
to unfold gradually over time, reflecting a steady progression toward the
target
"We have closed a strong second quarter, both operationally and financially.
The number of workouts at our clubs continues to grow, which is the clearest
testament to the appeal of our product. We have also reached a financial
milestone, delivering on our NOK 800 million EBITDA ambition over the past
twelve months. This strong financial performance enables us to distribute
SATS' first dividend as a listed company," says Sondre Gravir, CEO of SATS.
SATS' CEO Sondre Gravir and CFO Cecilie Elde will hold a webcast presentation
at 08:30 CEST today, August 21, 2025. The presentation will be held as a
webcast only, available at https://satsgroup.com/reports-presentations/
There will be a Q&A for investors and analysts from 10:00 to 10:30 (CET) over
Microsoft Teams:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_MzEwMzMyMzYtZjNkNS00Y2Y0LWFjZTctMDk1OTgzY2MzZjdl%40thread.v2/0?context=%7b%22Tid%22%3a%22b15a587d-acc9-4644-aa51-b56dee85c304%22%2c%22Oid%22%3a%227c7a4263-6531-4e9f-9f3f-79defb4ad3fe%22%7d
Please find enclosed the Q2 2025 presentation and report.
Investor Relations Contacts:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
Press Contact:
Tina Brodal, Press Contact, phone: +47 938 44 171
Please see the attached quarterly report for definitions and reconciliations
of the Alternative Performance Measures (APMs). This information is subject to
the disclosure requirements pursuant to Section 5-12 of the Norwegian
Securities Trading Act.