{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "thegymgroupplc": "http://thegymgroupplc.com/xbrl/2025", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://thegymgroupplc.com/xbrl/2025/213800VCU9TBANZIN455-2025-12-31.xsd" ] }, "facts": { "fact-7": { "value": "244900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-8": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-9": { "value": "244900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-10": { "value": "226300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-11": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-12": { "value": "226300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-13": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-14": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-15": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-16": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-17": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-18": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-19": { "value": "242000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-20": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-21": { "value": "242000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-22": { "value": "223400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-23": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-24": { "value": "223400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-25": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-26": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-27": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-28": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-29": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-30": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-31": { "value": "148600000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-32": { "value": "2100000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-33": { "value": "150700000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-34": { "value": "139600000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-35": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-36": { "value": "140000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OperatingExpensesBeforeDepreciationAmortisationAndImpairment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-37": { "value": "62400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-38": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-39": { "value": "63300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-40": { "value": "60100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-41": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-42": { "value": "60600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-43": { "value": "31000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-44": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-45": { "value": "28000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-46": { "value": "23800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-47": { "value": "-900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-48": { "value": "22900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-49": { "value": "20900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-50": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-51": { "value": "21100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-52": { "value": "20700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-53": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-54": { "value": "20900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-55": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-56": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-57": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-58": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-59": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-60": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-61": { "value": "10600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-62": { "value": "-3200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-63": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-64": { "value": "3600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-65": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-66": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-67": { "value": "700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-68": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-69": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-70": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-71": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-72": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-73": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-74": { "value": "-2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-75": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-76": { "value": "5400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-77": { "value": "-1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-78": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-79": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-80": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-81": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-82": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-83": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-84": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-85": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-86": { "value": "-2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-87": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-88": { "value": "5400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:UnderlyingMember", "unit": "iso4217:GBP" } }, "fact-89": { "value": "-1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "thegymgroupplc:ConsolidatedStatementOfComprehensiveIncomeAxis": "thegymgroupplc:NonUnderlyingMember", "unit": "iso4217:GBP" } }, "fact-90": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-91": { "value": "0.042", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-92": { "value": "0.025", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-93": { "value": "0.04", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-94": { "value": "0.024", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-95": { "value": "28000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-96": { "value": "22900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-97": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NonunderlyingOperatingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-98": { "value": "-900000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NonunderlyingOperatingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-99": { "value": "-5500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-100": { "value": "-3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-101": { "value": "-62400000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:UnderlyingDepreciationAndAmortisation", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-102": { "value": "-60100000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:UnderlyingDepreciationAndAmortisation", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-103": { "value": "98900000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:TotalGroupAdjustedEBITDAOperatingProfitBeforeDepreciationAmortisationShareBasedPaymentsCostsAndNonUnderlyingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-104": { "value": "87300000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:TotalGroupAdjustedEBITDAOperatingProfitBeforeDepreciationAmortisationShareBasedPaymentsCostsAndNonUnderlyingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-105": { "value": "42200000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:LessNormalisedRentTheContractualRentPayableRecognisedInTheMonthlyPeriodToWhichitRelates.", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-106": { "value": "39600000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:LessNormalisedRentTheContractualRentPayableRecognisedInTheMonthlyPeriodToWhichitRelates.", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-107": { "value": "56700000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:TotalGroupAdjustedEBITDAOperatingProfitBeforeDecpreciationAmortisationShareBasedPaymentsAndNonUnderlyingItemsLessNormalisedRentBEingContractualRentPayableRecognisedInTheMonthlyPeriodToWhichItRelates", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-108": { "value": "47700000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:TotalGroupAdjustedEBITDAOperatingProfitBeforeDecpreciationAmortisationShareBasedPaymentsAndNonUnderlyingItemsLessNormalisedRentBEingContractualRentPayableRecognisedInTheMonthlyPeriodToWhichItRelates", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-109": { "value": "13900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-110": { "value": "10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-111": { "value": "81800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-112": { "value": "81800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-113": { "value": "202800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-114": { "value": "181200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-115": { "value": "284700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-116": { "value": "280500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-117": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-118": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-119": { "value": "18200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-120": { "value": "18200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-121": { "value": "602400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-122": { "value": "573100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-123": { "value": "600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-124": { "value": "700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-125": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-126": { "value": "8800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-127": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-128": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-129": { "value": "13500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-130": { "value": "12500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-131": { "value": "615900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-132": { "value": "585600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-133": { "value": "61800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-134": { "value": "49500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-135": { "value": "26700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-136": { "value": "27600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-137": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-138": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-139": { "value": "88900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-140": { "value": "77600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-141": { "value": "62200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-142": { "value": "61300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-143": { "value": "320800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-144": { "value": "312900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-145": { "value": "2300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-146": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-147": { "value": "385300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-148": { "value": "376400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-149": { "value": "474200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-150": { "value": "454000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-151": { "value": "141700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-152": { "value": "131600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-153": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-154": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-155": { "value": "190100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-156": { "value": "189900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-157": { "value": "4600000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OwnSharesReserveEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-158": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:OwnSharesReserveEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-159": { "value": "39900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-160": { "value": "39900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-161": { "value": "-83800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-162": { "value": "-95300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-163": { "value": "141700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-164": { "value": "131600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-1": { "value": "These financial statements were approved by the Board of Directors on 11 March 2026. Signed on behalf of the Board of Directors Will Orr Luke Tait Chief Executive Officer Chief Financial Officer", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-165": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-166": { "value": "189800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-167": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-168": { "value": "39900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-169": { "value": "-101800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-170": { "value": "128000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-171": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-172": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-173": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-174": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-175": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-176": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-177": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-178": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-179": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-180": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-181": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-182": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-183": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-184": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-185": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-186": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-187": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-188": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-189": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-190": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-191": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-192": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-193": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-194": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-195": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-196": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-197": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-198": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-199": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-200": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-201": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-202": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-203": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-204": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-205": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-206": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-207": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-208": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-209": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-210": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-211": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-212": { "value": "-300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-213": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-214": { "value": "189900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-215": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-216": { "value": "39900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-217": { "value": "-95300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-218": { "value": "131600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-219": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-220": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-221": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-222": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-223": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-224": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-225": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-226": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-227": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-228": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-229": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-230": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-231": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-232": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-233": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-234": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-235": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-236": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-237": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-238": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-239": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-240": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-241": { "value": "4700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-242": { "value": "4700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-243": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-244": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-245": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-246": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-247": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-248": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-249": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-250": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-251": { "value": "2000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-252": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-253": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-254": { "value": "2000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PurchaseOfOwnSharesByEBT", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-255": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-256": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-257": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-258": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-259": { "value": "-600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-260": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-261": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-262": { "value": "190100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-263": { "value": "-4600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "thegymgroupplc:OwnSharesReserveEBTMember", "unit": "iso4217:GBP" } }, "fact-264": { "value": "39900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-265": { "value": "-83800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-266": { "value": "141700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-267": { "value": "7400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-268": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-269": { "value": "21100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-270": { "value": "20900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-271": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-272": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncome", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-273": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:AdjustmentsForNonUnderlyingOperatingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-274": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:AdjustmentsForNonUnderlyingOperatingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-275": { "value": "62400000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:AdjustmentsForUnderlyingDepreciationAndAmortisation", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-276": { "value": "60100000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:AdjustmentsForUnderlyingDepreciationAndAmortisation", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-277": { "value": "5500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-278": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-279": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-280": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-281": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-282": { "value": "2300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-283": { "value": "5700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-284": { "value": "6100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-285": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-286": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-287": { "value": "104100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-288": { "value": "96000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-289": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-290": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-291": { "value": "104100000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NetCashInflowFromOperatingActivitiesBeforeNonUnderlyingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-292": { "value": "96000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NetCashInflowFromOperatingActivitiesBeforeNonUnderlyingItems", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-293": { "value": "1800000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NonUnderlyingItemsClassifiedAsOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-294": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:NonUnderlyingItemsClassifiedAsOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-295": { "value": "102300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-296": { "value": "95100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-297": { "value": "41100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-298": { "value": "33000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-299": { "value": "10100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-300": { "value": "7000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-301": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-302": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-303": { "value": "-50700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-304": { "value": "-39500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-305": { "value": "28900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-306": { "value": "30200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-307": { "value": "16400000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:LeaseInterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-308": { "value": "15500000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:LeaseInterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-309": { "value": "4900000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:BankInterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-310": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:BankInterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-311": { "value": "7000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PaymentOfFinancingFeesClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-312": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:PaymentOfFinancingFeesClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-313": { "value": "8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-314": { "value": "5000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-315": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-316": { "value": "800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-317": { "value": "2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-318": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-319": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:SettlementOfShareBasedPaymentsThroughEBTClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-320": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "thegymgroupplc:SettlementOfShareBasedPaymentsThroughEBTClassifiedAsFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-321": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-322": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-323": { "value": "-51600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-324": { "value": "-54100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-325": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-326": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-327": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-328": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2024-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-329": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2026-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-330": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-336": { "value": "
1. General Information
The Gym Group plc (the \u2018Company\u2019) and its subsidiaries (the \u2018Group\u2019) operate high value, low cost, 24/7, no contract gyms.
The Company is a public limited company whose shares are publicly traded on the London Stock Exchange and is
incorporated and domiciled in the United Kingdom.
The registered address of the Company is 2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN, United Kingdom.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-2": { "value": "The Gym Group plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-331": { "value": "The Gym Group plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-333": { "value": "Gym Group plc", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-3": { "value": "operate high value, low cost, 24/7, no contract gyms. ", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-4": { "value": "public limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-5": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-332": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-334": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-6": { "value": "2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN, United Kingdom", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-335": { "value": "
2. Summary of Material Accounting Policies
A summary of the material accounting policies is set out below. These have been applied consistently in the
financial statements.
Statement of Compliance
The financial statements have been prepared in accordance with the Listing Rules and the Disclosure Guidance and
Transparency Rules of the United Kingdom Financial Conduct Authority (where applicable) and United Kingdom adopted
international accounting standards. The accounting policies applied are consistent with those described in the Annual
Report and Accounts of the Group for the year ended 31 December 2024. The functional currency of each entity in the
Group is pound sterling. The consolidated financial statements are presented in pound sterling and all values are rounded
to the nearest one hundred thousand pounds, except where otherwise indicated.
Basis of Preparation
The consolidated financial statements have been prepared on a going concern basis under the historical cost convention
as modified by the recognition of derivative financial instruments, financial assets and other financial liabilities at fair value
through the profit and loss and the recognition of financial assets at fair value through other comprehensive income.
The consolidated financial statements provide comparative information in respect of the previous period.
Going Concern
In assessing the going concern position of the Group for the year ended 31 December 2025, the Directors have considered
the following:
y the Group\u2019s trading performance in 2025 and throughout the traditional January and February 2026 peak period;
y the future expected trading performance of the Group to 30 June 2027 (the going concern period), including
membership levels and behaviours in light of the continued difficult macroeconomic environment; and
y the Group\u2019s financing arrangements and relationship with its lenders and shareholders.
Trading in 2025 was strong, with membership at the end of December 2025 reaching 923,000, an increase of 4% from the
end of December 2024. Average revenue per member per month (\u2018ARPMM\u2019) for the year was \u00a321.60, up 4% from \u00a320.81
in the prior year. As a result, revenue increased by 8% to \u00a3244.9m (2024: \u00a3226.3m), and Group Adjusted EBITDA Less
Normalised Rent at \u00a356.7m was 19% better than in 2024.
The Group also reported strong cash generation in the year, with Free Cash Flow of \u00a338.3m (see Note 24 to the
Consolidated Financial Statements for a reconciliation to Net Cash Inflow from Operating Activities) being generated
and used to fund 16 new site openings and major refurbishments and enhancements to the mature estate, as well as
significant investment in technology.
On 12 June 2025, the Group agreed a one year extension to the existing bank facilities as well as an increase in the
available RCF facility of \u00a312m. As a result, the Group now has in place a combined \u00a3102m facility, consisting of \u00a345m of
Term Loan and \u00a357m of RCF, which is due to mature in June 2028. Drawings under the facility continue to be subject to
quarterly financial covenant tests on Adjusted Leverage (Non-Property Net Debt divided by Group Adjusted EBITDA Less
Normalised Rent must not exceed 3.0 times) and Fixed Charge Cover (Adjusted EBITDAR to Net Finance Charges plus
Normalised Rent must be greater than 1.5 times).
As at 31 December 2025, the Group had Non-Property Net Debt (including non-property leases) of \u00a359.3m, consisting
of \u00a362.0m drawn debt under the RCF, \u00a30.3m of non-property leases and \u00a33.0m of cash. The Directors believe that this
measure of net debt best reflects the financial health of the business. In addition, it is a key constituent of the Adjusted
Leverage covenant included in the Group\u2019s banking agreement as noted above. Headroom under the bank facilities at 31
December 2025 (drawn debt less cash) was \u00a343.0m. Adjusted Leverage was 1.0 times and Fixed Charge Cover was 2.1 times.
Following the January and February 2026 peak trading period, closing membership at 28 February 2026 was 999,000,
an increase of 8% on the position at 31 December 2025, demonstrating that the low cost gym model remains resilient and
spend on gym membership continues to be prioritised.
Despite the continued strong trading performance, the Directors have continued to take a cautious approach to
planning. The base case forecast for the period to 30 June 2027 anticipates some growth in yields across the whole
estate as a result of pricing optimisation actions identified as part of the Next Chapter growth plan. Modest increases
in membership levels are driven largely by the sites opened in 2024 and 2025, and not by growth in the mature estate.
In addition, whilst the Directors have planned for an acceleration of the new site opening programme throughout the
plan period, all new sites are assumed to be self-financed. Under this scenario, the financial covenants are passed with
headroom, and the Group can operate comfortably within its financing facilities.
The Directors have also considered a severe downside scenario in which membership numbers in the mature estate
decline by approximately 4%. Yields continue to grow, but at a much more modest rate than in the base case. In this
scenario, the number of new site openings is reduced to conserve cash, expenditure on maintenance and marketing is
reduced slightly, and discretionary performance-related bonuses and share based payment funding are removed. The
share buyback programme is also paused. Under this scenario, the financial covenants continue to be passed, and the
Group continues to operate within its financing facilities.
The Directors have also considered a reverse stress test scenario to ascertain the extent of the downturn in trading
that would be required to breach the Group\u2019s banking covenants or liquidity requirements. Mitigating actions assumed
in this scenario include moving to a minimum level of maintenance and technology capital expenditure; further
reducing controllable operating costs and marketing expenditure; and pausing the new site opening programme in
order to preserve cash. In this scenario, membership numbers would need to decline steadily from April 2026 to June
2027 to the point where closing membership at 30 June 2027 was 27% lower than the base case. Under this scenario,
the Fixed Charge Cover covenant would be breached in June 2027. The Group would, however, continue to operate
within its current level of debt capacity and the Adjusted Leverage ratio would not be breached.
In the event of a reverse stress test scenario, the Directors would introduce additional measures to mitigate the impact
on the Group\u2019s covenants and liquidity, including: (i) even greater reductions in controllable operating costs, marketing
and capital expenditure; (ii) discussions with lenders to secure a covenant waiver; and (iii) deferral of, or reductions in,
rent payments to landlords. The Directors consider the reverse stress test scenario to be highly unlikely.
Conclusion
The Board has reviewed the financial plan and downside scenarios of the Group and has a reasonable expectation
that the Group has adequate resources to continue in operational existence for the period to 30 June 2027. As a result,
the Directors continue to adopt the going concern basis in preparing the consolidated financial statements. In making
this assessment, consideration has been given to the current and future expected trading performance; the Group\u2019s
current and forecast liquidity position and the support received to date from our lenders and shareholders; and the
mitigating actions that can be deployed in the event of reasonable downside scenarios.
Climate Change
In preparing the consolidated financial statements, management has considered the impact of climate change,
particularly in the context of the disclosures included in the Strategic Report and the stated net zero targets. These
considerations did not have a material impact on the financial reporting judgements and estimates, consistent
with the assessment that climate change is not expected to have a significant impact on the Group\u2019s going concern
assessment to 30 June 2027 nor the viability of the Group over the next three years.
The following specific points were considered:
y We procure 100% renewable energy for all of our sites where we directly control the purchase of energy.
y The Group continues to reduce its carbon emissions and environmental impact by investing in the energy-efficient
design of our new sites, as well as in our existing estate.
y Our carbon emissions through electrical power consumption will reduce with the decarbonisation of the National
Grid and natural gas will eventually become our principal source of direct carbon emission. We now have 87 sites
operating successfully without gas for water heating and are continuing to roll out electric heat pumps to obviate
the requirement for gas.
y In all cases, the expected costs and investment required during the Group\u2019s strategic planning horizon have been
considered within the future cash flows included within the Group\u2019s three year plan which forms the basis of our
going concern and viability assessment, the goodwill and site impairment testing, and the assessment of the
recoverability of deferred tax assets.
Consolidation
Subsidiaries
A subsidiary is an entity controlled, either directly or indirectly, by the Company. Control is achieved when the Group is
exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns
through its power over the investee. Specifically, the Group controls an investee if and only if the Group has:
y power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee);
y exposure, or rights, to variable returns from its involvement with the investee; and
y the ability to use its power over the investee to affect its returns.
All subsidiaries are wholly owned.
The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to
one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the
subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary
acquired or disposed of during the year are included in the Consolidated Statement of Comprehensive Income from the date
the Group gains control and until the date the Group ceases to control the subsidiary.
All subsidiaries apply consistent accounting policies and all intra-Group assets and liabilities, equity, income, expenses and
cash flows relating to transactions between members of the Group are eliminated in full on consolidation.
The acquisition method of accounting is used to account for the acquisition of subsidiaries or business combinations where
trade and assets are acquired by the Group. The cost of an acquisition is measured as the fair value of the assets given, equity
instruments issued and liabilities incurred or assumed at the date of exchange. Identifiable assets acquired and liabilities
and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date,
irrespective of the extent of any non-controlling interest. The excess of the cost of acquisition over the fair value of the Group\u2019s
share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the
net assets of the subsidiary acquired, the difference is recognised directly in the Consolidated Statement of Comprehensive
Income. Subsequent changes to the fair value during the measurement period are treated as fair value adjustments against
the acquired net assets.
Segment Reporting
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating
decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing
performance of the operating segment, has been identified as the Board of Directors. The Group\u2019s activities consist solely
of the provision of low cost, high quality, 24/7, no contract gyms within the United Kingdom, traded through 260 sites at
31 December 2025. It is managed as one entity and management has consequently determined that there is only one
operating segment.
Revenue
Revenue, which is stated excluding value added tax and other sales-related taxes, is measured at the fair value of the
consideration receivable for goods and services supplied.
Revenue from memberships comprises monthly membership fees, non-refundable joining fees and longer term
membership fees. Longer term membership fees comprise student memberships which typically cover a six, nine or
12 month period, pay-up-front memberships which typically cover a nine or 12 month period and corporate annual
membership. All membership income (being the membership fee and the joining fee) is recognised straight-line over the
period that the membership relates to, with any subscriptions in advance of the period in which the service is provided
being recorded as a contract liability in the Consolidated Statement of Financial Position.
Rental income from personal trainers, which represents amounts paid by standalone personal trainers to operate their
business from our gyms, is recognised on a straight-line basis over the term of the rental agreement.
Other income, which includes the sale of goods through vending machines and day passes, are recognised at the point in
time when control of the goods transfers to the customer.
Contracts with customers are non-complex and do not require any significant accounting judgements or estimates.
Cost of Sales and Gross Profit
Cost of sales comprises costs arising in connection with the generation of ancillary revenue as well as call centre costs
and payment processing costs. Therefore, gross profit is stated before costs associated with operating the gyms.
Non-Underlying Items
Non-underlying items are income or expenses that are material by their size and/or nature and are not considered to
arise in the normal course of business. The Directors consider that these items should be disclosed separately on the face
of the Consolidated Statement of Comprehensive Income (but within their relevant category) to allow a more comparable
view of underlying trading performance.
Non-underlying items include costs of major strategic projects and investments, restructuring and reorganisation costs
(including site closure costs), impairment of assets, amortisation and impairment of business combination intangibles,
and refinancing costs.
Profit before non-underlying items is used to calculate Adjusted Earnings Per Share and is reconciled to profit before
taxation on the face of the Consolidated Statement of Comprehensive Income. Non-underlying items are disclosed in Note 8.
Intangible Assets
Goodwill
Goodwill represents the excess of the cost of an acquisition over the fair value of the Group\u2019s share of the net identifiable
assets of the acquired subsidiary or the Group\u2019s share of trade and assets acquired in a business combination at the date
of acquisition. Goodwill on acquisitions is included in intangible assets. Goodwill is tested annually for impairment and
carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Gains and losses on
the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Further information in relation
to impairment testing is provided in the \u2018Impairment of non-financial assets\u2019 section of this Note.
Computer Software and Licences
Acquired computer software and licences are capitalised on the basis of the costs incurred to acquire and bring into
use the specific software. Certain costs incurred in connection with the development of software to be used internally,
or for providing services to customers, are capitalised once a project has progressed beyond a conceptual, preliminary
stage to that of application development. Development costs that are directly attributable to the design and testing of
identifiable and unique software products controlled by the Group are recognised as intangible assets when the following
criteria are met:
y It is technically feasible to complete the software product so that it will be available for use.
y Management intends to complete the software product and use or sell it.
y There is an ability to use or sell the software product.
y It can be demonstrated that the software product will generate probable future economic benefits.
y Adequate technical, financial and other resources to complete the development and to use or sell the software
product are available.
y The expenditure attributable to the software product during its development can be reliably measured.
Costs that qualify for capitalisation include both internal and external costs but are limited to those that are directly
related to the specific project. Computer software costs are included at capitalised cost less accumulated amortisation
and any recognised impairment loss.
Amortisation is calculated to write down the cost of the assets on a straight-line basis over their estimated useful lives,
over three to five years. Useful lives are reviewed at the end of each reporting period and adjusted as appropriate. The
carrying value of computer software is reviewed for impairment if events or changes in circumstances indicate the
carrying value may not be recoverable.
Property, Plant and Equipment
Property, plant and equipment are included in the financial statements at cost less accumulated depreciation and any
recognised impairment loss.
Depreciation is calculated to write down the cost of the assets on a straight-line basis over the estimated useful lives as follows:
y leasehold improvements over the shorter of the useful life and the term of the lease;
y fixtures, fittings and equipment between three and ten years;
y gym and other equipment between five and ten years; and
y computer equipment three years.
The estimated useful lives are reviewed at the end of each reporting period and adjusted if appropriate. The carrying
values of property, plant and equipment are reviewed for impairment if events or changes in circumstances indicate the
carrying value may not be recoverable.
Assets under construction represents the costs incurred in the construction of gyms and are included in Property, plant
and equipment. No depreciation is provided on assets under construction until the asset is available for use.
On 1 January 2025, the Group revised its estimate of the useful estimated life of certain gym and other equipment,
which is classified as Property, plant and equipment. The Group believes that the new useful estimated life provides more
accurate information in relation to the consumption of the assets. The Group has applied the change in the estimate
prospectively. The impact of this change in estimate was a decrease of \u00a32.2m of depreciation expense in 2025, and
therefore a \u00a32.2m increase in profit before tax.
Leases and Right-of-Use Assets
The Group assesses whether a contract is or contains a lease, at inception of the contract. The Group recognises a
right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee.
Lease Liabilities
Lease liabilities are presented as a separate line in the Consolidated Statement of Financial Position.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement
date, discounted by using the Group\u2019s incremental borrowing rate. The Group uses its incremental borrowing rate because
the interest rate implicit in the lease is not readily determinable. The Group\u2019s incremental borrowing rate is the rate that
the Group would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in
a similar economic environment with similar terms, security and conditions.
Lease payments included in the measurement of the lease liability comprise:
y fixed lease payments (including in-substance fixed payments) less any lease incentives receivable;
y variable lease payments that depend on an index or rate, initially measured using the index or rate at the
commencement date; and
y payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate
the lease.
Lease payments to be made under reasonably certain extension options are also included in the measurement of the
liability. There are no variable lease payments nor residual value guarantees.
To determine the incremental borrowing rate, the Group:
y where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to
reflect changes in financing conditions since third-party financing was received;
y uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by The Gym
Group, which does not have recent third-party financing; and
y makes adjustments specific to the lease, e.g. term and security.
The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability
(using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.
The Group remeasures the lease liability whenever:
y there is a change in the Group\u2019s assessment of whether it is reasonably certain to exercise a purchase, extension or
termination option, in which case the lease liability is remeasured by discounting the minimum lease payments using a
revised discount rate at the effective date of the change in assessment;
y the lease payments change due to changes in an index or rate, in which cases the lease liability is remeasured by
discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due
to a change in a floating interest rate, in which case a revised discount rate is used);
y the lease payments change due to a rent review, in which case the lease liability is remeasured by discounting the
revised lease payments using the original discount rate at the effective date of the change in rent; and
y the lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the
lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the effective
date of the modification.
When the lease liability is remeasured, an equivalent adjustment is made to the right-of-use asset, except in the case
of modifications resulting in a reduction in the scope of the lease, or in instances where doing so would reduce the
carrying amount of the right-of-use asset below zero. For a modification that fully or partially decreases the scope of
the lease, the carrying amount of the right-of-use asset is reduced to reflect partial or full termination of the lease and
any difference between that adjustment and the amount of the remeasurement of the lease liability is recognised in
profit or loss at the effective date of the modification. In other cases, if the right-of-use asset is reduced to zero by a
remeasurement, any remaining amount of the remeasurement is recognised in profit or loss.
Although the Group enjoys security of tenure as tenant in respect of certain of its lease arrangements, there are
conditions associated with these rights such that no unconditional right to extend the lease term exists.
Extension and termination options are included in a number of property leases across the Group. These are used to
maximise operational flexibility in terms of managing the assets used in the Group\u2019s operations. The majority of extension
and termination options held are exercisable only by the Group and not by the respective lessor. When it is reasonably
certain that the Group will not exercise a termination option or will exercise an extension option, this assumption is
included within the calculation of the lease liability.
Incremental Borrowing Rate
The calculation of lease liabilities requires the Group to determine an incremental borrowing rate (\u2018IBR\u2019) to discount future
minimum lease payments. Judgement has been applied to those leases entered into prior to November 2015 when the
Group listed on the London Stock Exchange and entered into a Revolving Credit Facility (\u2018RCF\u2019), and which remain on the 31
December 2025 balance sheet as right-of-use assets and lease liabilities. Prior to this the Group was under private equity
ownership, with its financing reflecting such ownership (including loan notes). As a consequence, there was less observable
data on which to assess the IBR of the Group during this time, hence there was an increased level of judgement in assessing
an appropriate IBR for use in applying IFRS to pre-2015 leases. Post-listing and refinancing of the Group\u2019s bank facilities
in October 2019, there was an increased level of observable data, including a market-based margin, to indicate the credit
spread on which the Group could borrow. This margin was then added to observable Bank of England base or risk-free rates,
such that the level of judgement on post-2015 leases, and in particular post-2019 leases, is considered to be low.
Right-of-Use Assets
Right-of-use assets predominantly relate to property leases and are depreciated on a straight-line basis over the shorter
of the asset\u2019s useful life and the lease term. Right-of-use assets for non-property leases mainly relate to gym equipment
purchased on hire purchase contracts and are depreciated over the asset\u2019s useful life.
The Group recognises right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is
available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses,
and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes:
y the amount of the initial measurement of the lease liability;
y any lease payments made at or before the commencement date less any lease incentives received;
y any initial direct costs; and
y restoration costs.
The carrying values of right-of-use assets are reviewed for impairment if events or changes in circumstances indicate the
carrying value may not be recoverable.
Impairment of Non-Financial Assets
Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may be impaired.
Under IAS 36, goodwill is allocated to cash generating units (\u2018CGUs\u2019) or groups of CGUs on the basis of which CGU or
group of CGUs is expected to benefit from the business combination in which the goodwill arose. As management has
determined that the Group\u2019s goodwill cannot be allocated to CGUs on a non-arbitrary basis and that the Group has just
one operating segment and goodwill is not monitored at any lower level, then consistent with the requirements of IAS 36,
testing for goodwill impairment is performed at the operating segment level, being the entire business.
Assets that are subject to depreciation or amortisation are reviewed for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the
amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an
asset\u2019s fair value less costs to sell and value-in-use.
Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable
amount of the CGU to which the asset belongs. CGUs are identified based on the lowest level aggregation of asset from
which largely independent cash inflows are generated. This can be a single gym or, in a number of instances, a group of
gyms which are geographically closely located where the cash inflows from each individual gym are not generated largely
independent of other gym sites within the surrounding geographical area. Any impairment charge is recognised in
non-underlying items in the Consolidated Statement of Comprehensive Income in the period in which it occurs.
Impairment losses relating to goodwill cannot be reversed in future periods. At each reporting date, an assessment is
made as to whether there is any indication that a previously recognised impairment loss for assets other than goodwill no
longer exists or has decreased. If there is any such indication, the recoverable amount of the asset is recalculated and the
impairment loss reversed. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable
amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss
been recognised for the asset in prior years. Such reversal is recognised in non-underlying items in the Consolidated
Statement of Comprehensive Income unless the asset is carried at a revalued amount, in which case, the reversal is
treated as a revaluation increase and recognised as a separate reserve within equity.
Further information on impairment testing is provided in Notes 3, 12, 14 and 15.
Financial Instruments
Fair Value Hierarchy
IFRS 7 requires fair value measurements to be recognised using a fair value hierarchy that reflects the significance of the
inputs used in the value measurements:
Level 1: quoted prices in active markets for identical assets or liabilities
Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices)
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs)
There were no transfers between levels throughout the periods under review.
Financial Assets
The Group\u2019s financial assets comprise trade and other receivables, cash and cash equivalents, and investments. The
Group classifies its financial assets as those to be measured at amortised cost, those recognised at fair value through
profit and loss, and those recognised at fair value through other comprehensive income.
The Group measures its trade and other receivables, and cash and cash equivalents at amortised cost. Subsequent
to initial recognition, these assets are carried at amortised cost using the effective interest method. Income from
these financial assets is calculated on an effective yield basis and is recognised in finance income in the Consolidated
Statement of Comprehensive Income. Due to the Group\u2019s upfront payment model, it has limited exposure to credit losses.
Investments in unquoted equity securities are designated as fair value through other comprehensive income if they are
held as long term strategic investments that are not expected to be sold in the short to medium term. Any changes in fair
value of those assets are recognised in other comprehensive income and are not recycled to profit or loss.
Financial assets are classified as non-current if the asset is not expected to be realised within 12 months.
Financial Liabilities
The Group\u2019s financial liabilities comprise trade and other payables, other financial liabilities (including contingent
consideration) and borrowings.
The Group initially recognises its financial liabilities at fair value net of transaction costs where applicable and, other than
derivatives and contingent consideration, they are subsequently measured at amortised cost using the effective interest
method. Transaction costs are amortised using the effective interest method over the maturity of the loan. Contingent
consideration is subsequently measured at its fair value, which is reassessed at each reporting period, and any fair value
movement is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income.
Borrowing Costs
General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying
assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are
added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
Investment income earned on temporary investments of specific borrowings pending their expenditure on qualifying
assets is deducted from the borrowing costs eligible for capitalisation.
All other borrowing costs are recognised in finance costs in the Consolidated Statement of Comprehensive Income in the
period in which they are incurred.
Hedging Activities
The Group enters into structured wholesale energy market contracts for the procurement of electricity and natural gas.
It does this by buying energy directly from the wholesale market to cover operational energy requirements. All contracts
are entered into and continue to be held to receive or deliver the energy in accordance with the Group\u2019s expected usage
requirements and all contracted quantities are actually physically supplied with no financial settlement prior to, or at,
maturity. As such, the Group applies the own use exemption in IFRS 9 with regards energy market contracts and recognises
the contracted cost of energy in the Consolidated Statement of Comprehensive Income when the energy is consumed.
Pensions
The Group operates defined contribution pension schemes and pays contributions to publicly or privately administered
pension plans. The Group has no further payment obligations once the contributions have been paid. The contributions
are recognised as an employee benefit expense when they are due.
Share Based Payments
The Group operates a number of share based arrangements for employees. Equity-settled share based payments are
measured at the fair value of the equity instruments at the grant date, which excludes the effect of non-market-based
vesting conditions. The fair value at the grant date is recognised as an expense on a straight-line basis over the vesting
period, based on the Group\u2019s estimate of the number of equity instruments that will eventually vest. The estimate of the
number of awards likely to vest is reviewed at each balance sheet date up to the vesting date, at which point the estimate
is adjusted to reflect the actual outcome of awards which have vested. No adjustment is made to the fair value after the
vesting date even if the awards are forfeited or not exercised. Employer\u2019s national insurance contributions are payable, on
exercise, on the market value of the award.
Inventories
Inventories are carried at the lower of cost and net realisable value.
Trade and Other Receivables
Trade and other receivables comprise rental income due from personal trainers, room rental income, advertising income
and amounts due from landlords in respect of contributions towards building work. They are initially measured at
transaction price. Subsequently, trade and other receivables are measured at amortised cost. The loss allowance for
trade receivables and accrued income is measured using the simplified approach (lifetime expected credit losses).
Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank, short term deposits held on call with banks and other short term,
highly liquid investments with original maturities of three months or less.
Trade and Other Payables
Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Trade and other payables are classified as current liabilities if payment is due within one year.
If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at fair value and
subsequently measured at amortised cost using the effective interest method.
Taxation
Current Taxation
Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered
from, or paid to, the taxation authorities. The tax rates and tax laws used to compute the amount are those that are
enacted or substantively enacted at the balance sheet date. Income tax relating to items recognised in comprehensive
income or directly in equity, is recognised in comprehensive income or equity and not in the Consolidated Statement of
Comprehensive Income.
Deferred Taxation
Deferred income tax is provided using the liability method on all temporary differences between the tax bases of assets and
liabilities, and their carrying amounts for financial reporting purposes at the balance sheet date, with the following exceptions:
y where the temporary difference arises from the initial recognition of goodwill or of an asset or liability in a transaction
that is not a business combination that at the time of the transaction affects neither accounting nor taxable profit
or loss;
y in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the
reversal of the temporary differences can be controlled and it is probable that the temporary differences will not
reverse in the foreseeable future; and
y deferred income tax assets are recognised only to the extent that it is probable that taxable profit will be available
against which deductible temporary differences, carried forward tax credits or tax losses can be utilised.
The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent
that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered.
The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying
amount of assets and liabilities. Deferred income tax assets and liabilities are measured at the tax rates that are
expected to apply in the period when the asset is realised or the liability is settled, based on tax rates and tax laws that
have been enacted or substantively enacted at the balance sheet date.
Provisions
Provisions are recognised when the Group has a present legal or constructive obligation as a result of a past event; it is
probable that an outflow of resources will be required to settle the obligation; and a reliable estimate can be made of the
amount of the obligation. Provisions are measured at the present value of the expenditure expected to be required to
settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and risks
specific to the obligation. The increase in the provision due to the passage of time is recognised as a finance cost.
A dilapidations provision is recognised when there is a present obligation relating to the maintenance of leasehold
properties. The provision is based on management\u2019s best estimate of the cost of meeting this obligation.
Dividends
Dividends payable by the Company are recognised on declaration.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-337": { "value": "Statement of Compliance The financial statements have been prepared in accordance with the Listing Rules and the Disclosure Guidance and Transparency Rules of the United Kingdom Financial Conduct Authority (where applicable) and United Kingdom adopted international accounting standards. The accounting policies applied are consistent with those described in the Annual Report and Accounts of the Group for the year ended 31 December 2024. The functional currency of each entity in the Group is pound sterling. The consolidated financial statements are presented in pound sterling and all values are rounded to the nearest one hundred thousand pounds, except where otherwise indicated. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-384": { "value": "The functional currency of each entity in the Group is pound sterling. The consolidated financial statements are presented in pound sterling and all values are rounded to the nearest one hundred thousand pounds, except where otherwise indicated. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-338": { "value": "Basis of Preparation The consolidated financial statements have been prepared on a going concern basis under the historical cost convention as modified by the recognition of derivative financial instruments, financial assets and other financial liabilities at fair value through the profit and loss and the recognition of financial assets at fair value through other comprehensive income. The consolidated financial statements provide comparative information in respect of the previous period. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-339": { "value": "Going Concern In assessing the going concern position of the Group for the year ended 31 December 2025, the Directors have considered the following: y the Group\u2019s trading performance in 2025 and throughout the traditional January and February 2026 peak period; y the future expected trading performance of the Group to 30 June 2027 (the going concern period), including membership levels and behaviours in light of the continued difficult macroeconomic environment; and y the Group\u2019s financing arrangements and relationship with its lenders and shareholders. Trading in 2025 was strong, with membership at the end of December 2025 reaching 923,000, an increase of 4% from the end of December 2024. Average revenue per member per month (\u2018ARPMM\u2019) for the year was \u00a321.60, up 4% from \u00a320.81 in the prior year. As a result, revenue increased by 8% to \u00a3244.9m (2024: \u00a3226.3m), and Group Adjusted EBITDA Less Normalised Rent at \u00a356.7m was 19% better than in 2024. The Group also reported strong cash generation in the year, with Free Cash Flow of \u00a338.3m (see Note 24 to the Consolidated Financial Statements for a reconciliation to Net Cash Inflow from Operating Activities) being generated and used to fund 16 new site openings and major refurbishments and enhancements to the mature estate, as well as significant investment in technology. On 12 June 2025, the Group agreed a one year extension to the existing bank facilities as well as an increase in the available RCF facility of \u00a312m. As a result, the Group now has in place a combined \u00a3102m facility, consisting of \u00a345m of Term Loan and \u00a357m of RCF, which is due to mature in June 2028. Drawings under the facility continue to be subject to quarterly financial covenant tests on Adjusted Leverage (Non-Property Net Debt divided by Group Adjusted EBITDA Less Normalised Rent must not exceed 3.0 times) and Fixed Charge Cover (Adjusted EBITDAR to Net Finance Charges plus Normalised Rent must be greater than 1.5 times). As at 31 December 2025, the Group had Non-Property Net Debt (including non-property leases) of \u00a359.3m, consisting of \u00a362.0m drawn debt under the RCF, \u00a30.3m of non-property leases and \u00a33.0m of cash. The Directors believe that this measure of net debt best reflects the financial health of the business. In addition, it is a key constituent of the Adjusted Leverage covenant included in the Group\u2019s banking agreement as noted above. Headroom under the bank facilities at 31 December 2025 (drawn debt less cash) was \u00a343.0m. Adjusted Leverage was 1.0 times and Fixed Charge Cover was 2.1 times. Following the January and February 2026 peak trading period, closing membership at 28 February 2026 was 999,000, an increase of 8% on the position at 31 December 2025, demonstrating that the low cost gym model remains resilient and spend on gym membership continues to be prioritised. Despite the continued strong trading performance, the Directors have continued to take a cautious approach to planning. The base case forecast for the period to 30 June 2027 anticipates some growth in yields across the whole estate as a result of pricing optimisation actions identified as part of the Next Chapter growth plan. Modest increases in membership levels are driven largely by the sites opened in 2024 and 2025, and not by growth in the mature estate. In addition, whilst the Directors have planned for an acceleration of the new site opening programme throughout the plan period, all new sites are assumed to be self-financed. Under this scenario, the financial covenants are passed with headroom, and the Group can operate comfortably within its financing facilities. The Directors have also considered a severe downside scenario in which membership numbers in the mature estate decline by approximately 4%. Yields continue to grow, but at a much more modest rate than in the base case. In this scenario, the number of new site openings is reduced to conserve cash, expenditure on maintenance and marketing is reduced slightly, and discretionary performance-related bonuses and share based payment funding are removed. The share buyback programme is also paused. Under this scenario, the financial covenants continue to be passed, and the Group continues to operate within its financing facilities. The Directors have also considered a reverse stress test scenario to ascertain the extent of the downturn in trading that would be required to breach the Group\u2019s banking covenants or liquidity requirements. Mitigating actions assumed in this scenario include moving to a minimum level of maintenance and technology capital expenditure; further reducing controllable operating costs and marketing expenditure; and pausing the new site opening programme in order to preserve cash. In this scenario, membership numbers would need to decline steadily from April 2026 to June 2027 to the point where closing membership at 30 June 2027 was 27% lower than the base case. Under this scenario, the Fixed Charge Cover covenant would be breached in June 2027. The Group would, however, continue to operate within its current level of debt capacity and the Adjusted Leverage ratio would not be breached. In the event of a reverse stress test scenario, the Directors would introduce additional measures to mitigate the impact on the Group\u2019s covenants and liquidity, including: (i) even greater reductions in controllable operating costs, marketing and capital expenditure; (ii) discussions with lenders to secure a covenant waiver; and (iii) deferral of, or reductions in, rent payments to landlords. The Directors consider the reverse stress test scenario to be highly unlikely. Conclusion The Board has reviewed the financial plan and downside scenarios of the Group and has a reasonable expectation that the Group has adequate resources to continue in operational existence for the period to 30 June 2027. As a result, the Directors continue to adopt the going concern basis in preparing the consolidated financial statements. In making this assessment, consideration has been given to the current and future expected trading performance; the Group\u2019s current and forecast liquidity position and the support received to date from our lenders and shareholders; and the mitigating actions that can be deployed in the event of reasonable downside scenarios. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-340": { "value": "Climate Change In preparing the consolidated financial statements, management has considered the impact of climate change, particularly in the context of the disclosures included in the Strategic Report and the stated net zero targets. These considerations did not have a material impact on the financial reporting judgements and estimates, consistent with the assessment that climate change is not expected to have a significant impact on the Group\u2019s going concern assessment to 30 June 2027 nor the viability of the Group over the next three years. The following specific points were considered: y We procure 100% renewable energy for all of our sites where we directly control the purchase of energy. y The Group continues to reduce its carbon emissions and environmental impact by investing in the energy-efficient design of our new sites, as well as in our existing estate. y Our carbon emissions through electrical power consumption will reduce with the decarbonisation of the National Grid and natural gas will eventually become our principal source of direct carbon emission. We now have 87 sites operating successfully without gas for water heating and are continuing to roll out electric heat pumps to obviate the requirement for gas. y In all cases, the expected costs and investment required during the Group\u2019s strategic planning horizon have been considered within the future cash flows included within the Group\u2019s three year plan which forms the basis of our going concern and viability assessment, the goodwill and site impairment testing, and the assessment of the recoverability of deferred tax assets. ", "dimensions": { "concept": "thegymgroupplc:DescriptionOfAccountingPolicyForClimateChange", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-341": { "value": "Consolidation Subsidiaries A subsidiary is an entity controlled, either directly or indirectly, by the Company. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: y power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); y exposure, or rights, to variable returns from its involvement with the investee; and y the ability to use its power over the investee to affect its returns. All subsidiaries are wholly owned. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the Consolidated Statement of Comprehensive Income from the date the Group gains control and until the date the Group ceases to control the subsidiary. All subsidiaries apply consistent accounting policies and all intra-Group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. The acquisition method of accounting is used to account for the acquisition of subsidiaries or business combinations where trade and assets are acquired by the Group. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling interest. The excess of the cost of acquisition over the fair value of the Group\u2019s share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognised directly in the Consolidated Statement of Comprehensive Income. Subsequent changes to the fair value during the measurement period are treated as fair value adjustments against the acquired net assets. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-385": { "value": "Subsidiaries A subsidiary is an entity controlled, either directly or indirectly, by the Company. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: y power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); y exposure, or rights, to variable returns from its involvement with the investee; and y the ability to use its power over the investee to affect its returns. All subsidiaries are wholly owned. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the Consolidated Statement of Comprehensive Income from the date the Group gains control and until the date the Group ceases to control the subsidiary. All subsidiaries apply consistent accounting policies and all intra-Group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. The acquisition method of accounting is used to account for the acquisition of subsidiaries or business combinations where trade and assets are acquired by the Group. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling interest. The excess of the cost of acquisition over the fair value of the Group\u2019s share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognised directly in the Consolidated Statement of Comprehensive Income. Subsequent changes to the fair value during the measurement period are treated as fair value adjustments against the acquired net assets. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-342": { "value": "Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Board of Directors. The Group\u2019s activities consist solely of the provision of low cost, high quality, 24/7, no contract gyms within the United Kingdom, traded through 260 sites at 31 December 2025. It is managed as one entity and management has consequently determined that there is only one operating segment. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-343": { "value": "Revenue Revenue, which is stated excluding value added tax and other sales-related taxes, is measured at the fair value of the consideration receivable for goods and services supplied. Revenue from memberships comprises monthly membership fees, non-refundable joining fees and longer term membership fees. Longer term membership fees comprise student memberships which typically cover a six, nine or 12 month period, pay-up-front memberships which typically cover a nine or 12 month period and corporate annual membership. All membership income (being the membership fee and the joining fee) is recognised straight-line over the period that the membership relates to, with any subscriptions in advance of the period in which the service is provided being recorded as a contract liability in the Consolidated Statement of Financial Position. Rental income from personal trainers, which represents amounts paid by standalone personal trainers to operate their business from our gyms, is recognised on a straight-line basis over the term of the rental agreement. Other income, which includes the sale of goods through vending machines and day passes, are recognised at the point in time when control of the goods transfers to the customer. Contracts with customers are non-complex and do not require any significant accounting judgements or estimates. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-344": { "value": "Cost of Sales and Gross Profit Cost of sales comprises costs arising in connection with the generation of ancillary revenue as well as call centre costs and payment processing costs. Therefore, gross profit is stated before costs associated with operating the gyms. ", "dimensions": { "concept": "thegymgroupplc:DescriptionOfAccountingPolicyForCostOfSalesAndGrossProfit", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-345": { "value": "Non-Underlying Items Non-underlying items are income or expenses that are material by their size and/or nature and are not considered to arise in the normal course of business. The Directors consider that these items should be disclosed separately on the face of the Consolidated Statement of Comprehensive Income (but within their relevant category) to allow a more comparable view of underlying trading performance. Non-underlying items include costs of major strategic projects and investments, restructuring and reorganisation costs (including site closure costs), impairment of assets, amortisation and impairment of business combination intangibles, and refinancing costs. Profit before non-underlying items is used to calculate Adjusted Earnings Per Share and is reconciled to profit before taxation on the face of the Consolidated Statement of Comprehensive Income. Non-underlying items are disclosed in Note 8. ", "dimensions": { "concept": "thegymgroupplc:DescriptionOfAccountingPolicyForNonunderlyingItems", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-346": { "value": "Intangible Assets Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary or the Group\u2019s share of trade and assets acquired in a business combination at the date of acquisition. Goodwill on acquisitions is included in intangible assets. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Further information in relation to impairment testing is provided in the \u2018Impairment of non-financial assets\u2019 section of this Note. Computer Software and Licences Acquired computer software and licences are capitalised on the basis of the costs incurred to acquire and bring into use the specific software. Certain costs incurred in connection with the development of software to be used internally, or for providing services to customers, are capitalised once a project has progressed beyond a conceptual, preliminary stage to that of application development. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognised as intangible assets when the following criteria are met: y It is technically feasible to complete the software product so that it will be available for use. y Management intends to complete the software product and use or sell it. y There is an ability to use or sell the software product. y It can be demonstrated that the software product will generate probable future economic benefits. y Adequate technical, financial and other resources to complete the development and to use or sell the software product are available. y The expenditure attributable to the software product during its development can be reliably measured. Costs that qualify for capitalisation include both internal and external costs but are limited to those that are directly related to the specific project. Computer software costs are included at capitalised cost less accumulated amortisation and any recognised impairment loss. Amortisation is calculated to write down the cost of the assets on a straight-line basis over their estimated useful lives, over three to five years. Useful lives are reviewed at the end of each reporting period and adjusted as appropriate. The carrying value of computer software is reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-418": { "value": "Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary or the Group\u2019s share of trade and assets acquired in a business combination at the date of acquisition. Goodwill on acquisitions is included in intangible assets. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Further information in relation to impairment testing is provided in the \u2018Impairment of non-financial assets\u2019 section of this Note. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-386": { "value": "Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary or the Group\u2019s share of trade and assets acquired in a business combination at the date of acquisition. Goodwill on acquisitions is included in intangible assets. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Further information in relation to impairment testing is provided in the \u2018Impairment of non-financial assets\u2019 section of this Note. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-387": { "value": "Computer Software and Licences Acquired computer software and licences are capitalised on the basis of the costs incurred to acquire and bring into use the specific software. Certain costs incurred in connection with the development of software to be used internally, or for providing services to customers, are capitalised once a project has progressed beyond a conceptual, preliminary stage to that of application development. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognised as intangible assets when the following criteria are met: y It is technically feasible to complete the software product so that it will be available for use. y Management intends to complete the software product and use or sell it. y There is an ability to use or sell the software product. y It can be demonstrated that the software product will generate probable future economic benefits. y Adequate technical, financial and other resources to complete the development and to use or sell the software product are available. y The expenditure attributable to the software product during its development can be reliably measured. Costs that qualify for capitalisation include both internal and external costs but are limited to those that are directly related to the specific project. Computer software costs are included at capitalised cost less accumulated amortisation and any recognised impairment loss. Amortisation is calculated to write down the cost of the assets on a straight-line basis over their estimated useful lives, over three to five years. Useful lives are reviewed at the end of each reporting period and adjusted as appropriate. The carrying value of computer software is reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-347": { "value": "Property, Plant and Equipment Property, plant and equipment are included in the financial statements at cost less accumulated depreciation and any recognised impairment loss. Depreciation is calculated to write down the cost of the assets on a straight-line basis over the estimated useful lives as follows: y leasehold improvements over the shorter of the useful life and the term of the lease; y fixtures, fittings and equipment between three and ten years; y gym and other equipment between five and ten years; and y computer equipment three years. The estimated useful lives are reviewed at the end of each reporting period and adjusted if appropriate. The carrying values of property, plant and equipment are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. Assets under construction represents the costs incurred in the construction of gyms and are included in Property, plant and equipment. No depreciation is provided on assets under construction until the asset is available for use. On 1 January 2025, the Group revised its estimate of the useful estimated life of certain gym and other equipment, which is classified as Property, plant and equipment. The Group believes that the new useful estimated life provides more accurate information in relation to the consumption of the assets. The Group has applied the change in the estimate prospectively. The impact of this change in estimate was a decrease of \u00a32.2m of depreciation expense in 2025, and therefore a \u00a32.2m increase in profit before tax. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-388": { "value": "Depreciation is calculated to write down the cost of the assets on a straight-line basis over the estimated useful lives as follows: y leasehold improvements over the shorter of the useful life and the term of the lease; y fixtures, fittings and equipment between three and ten years; y gym and other equipment between five and ten years; and y computer equipment three years. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-389": { "value": "Assets under construction represents the costs incurred in the construction of gyms and are included in Property, plant and equipment. No depreciation is provided on assets under construction until the asset is available for use. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-348": { "value": "Leases and Right-of-Use Assets The Group assesses whether a contract is or contains a lease, at inception of the contract. The Group recognises a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee. Lease Liabilities Lease liabilities are presented as a separate line in the Consolidated Statement of Financial Position. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the Group\u2019s incremental borrowing rate. The Group uses its incremental borrowing rate because the interest rate implicit in the lease is not readily determinable. The Group\u2019s incremental borrowing rate is the rate that the Group would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. Lease payments included in the measurement of the lease liability comprise: y fixed lease payments (including in-substance fixed payments) less any lease incentives receivable; y variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; and y payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. There are no variable lease payments nor residual value guarantees. To determine the incremental borrowing rate, the Group: y where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third-party financing was received; y uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by The Gym Group, which does not have recent third-party financing; and y makes adjustments specific to the lease, e.g. term and security. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Group remeasures the lease liability whenever: y there is a change in the Group\u2019s assessment of whether it is reasonably certain to exercise a purchase, extension or termination option, in which case the lease liability is remeasured by discounting the minimum lease payments using a revised discount rate at the effective date of the change in assessment; y the lease payments change due to changes in an index or rate, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); y the lease payments change due to a rent review, in which case the lease liability is remeasured by discounting the revised lease payments using the original discount rate at the effective date of the change in rent; and y the lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the effective date of the modification. When the lease liability is remeasured, an equivalent adjustment is made to the right-of-use asset, except in the case of modifications resulting in a reduction in the scope of the lease, or in instances where doing so would reduce the carrying amount of the right-of-use asset below zero. For a modification that fully or partially decreases the scope of the lease, the carrying amount of the right-of-use asset is reduced to reflect partial or full termination of the lease and any difference between that adjustment and the amount of the remeasurement of the lease liability is recognised in profit or loss at the effective date of the modification. In other cases, if the right-of-use asset is reduced to zero by a remeasurement, any remaining amount of the remeasurement is recognised in profit or loss. Although the Group enjoys security of tenure as tenant in respect of certain of its lease arrangements, there are conditions associated with these rights such that no unconditional right to extend the lease term exists. Extension and termination options are included in a number of property leases across the Group. These are used to maximise operational flexibility in terms of managing the assets used in the Group\u2019s operations. The majority of extension and termination options held are exercisable only by the Group and not by the respective lessor. When it is reasonably certain that the Group will not exercise a termination option or will exercise an extension option, this assumption is included within the calculation of the lease liability. Incremental Borrowing Rate The calculation of lease liabilities requires the Group to determine an incremental borrowing rate (\u2018IBR\u2019) to discount future minimum lease payments. Judgement has been applied to those leases entered into prior to November 2015 when the Group listed on the London Stock Exchange and entered into a Revolving Credit Facility (\u2018RCF\u2019), and which remain on the 31 December 2025 balance sheet as right-of-use assets and lease liabilities. Prior to this the Group was under private equity ownership, with its financing reflecting such ownership (including loan notes). As a consequence, there was less observable data on which to assess the IBR of the Group during this time, hence there was an increased level of judgement in assessing an appropriate IBR for use in applying IFRS to pre-2015 leases. Post-listing and refinancing of the Group\u2019s bank facilities in October 2019, there was an increased level of observable data, including a market-based margin, to indicate the credit spread on which the Group could borrow. This margin was then added to observable Bank of England base or risk-free rates, such that the level of judgement on post-2015 leases, and in particular post-2019 leases, is considered to be low. Right-of-Use Assets Right-of-use assets predominantly relate to property leases and are depreciated on a straight-line basis over the shorter of the asset\u2019s useful life and the lease term. Right-of-use assets for non-property leases mainly relate to gym equipment purchased on hire purchase contracts and are depreciated over the asset\u2019s useful life. The Group recognises right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes: y the amount of the initial measurement of the lease liability; y any lease payments made at or before the commencement date less any lease incentives received; y any initial direct costs; and y restoration costs. The carrying values of right-of-use assets are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-390": { "value": "Impairment of Non-Financial Assets Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may be impaired. Under IAS 36, goodwill is allocated to cash generating units (\u2018CGUs\u2019) or groups of CGUs on the basis of which CGU or group of CGUs is expected to benefit from the business combination in which the goodwill arose. As management has determined that the Group\u2019s goodwill cannot be allocated to CGUs on a non-arbitrary basis and that the Group has just one operating segment and goodwill is not monitored at any lower level, then consistent with the requirements of IAS 36, testing for goodwill impairment is performed at the operating segment level, being the entire business. Assets that are subject to depreciation or amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and value-in-use. Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. CGUs are identified based on the lowest level aggregation of asset from which largely independent cash inflows are generated. This can be a single gym or, in a number of instances, a group of gyms which are geographically closely located where the cash inflows from each individual gym are not generated largely independent of other gym sites within the surrounding geographical area. Any impairment charge is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income in the period in which it occurs. Impairment losses relating to goodwill cannot be reversed in future periods. At each reporting date, an assessment is made as to whether there is any indication that a previously recognised impairment loss for assets other than goodwill no longer exists or has decreased. If there is any such indication, the recoverable amount of the asset is recalculated and the impairment loss reversed. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Such reversal is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income unless the asset is carried at a revalued amount, in which case, the reversal is treated as a revaluation increase and recognised as a separate reserve within equity. Further information on impairment testing is provided in Notes 3, 12, 14 and 15. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-349": { "value": "Impairment of Non-Financial Assets Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may be impaired. Under IAS 36, goodwill is allocated to cash generating units (\u2018CGUs\u2019) or groups of CGUs on the basis of which CGU or group of CGUs is expected to benefit from the business combination in which the goodwill arose. As management has determined that the Group\u2019s goodwill cannot be allocated to CGUs on a non-arbitrary basis and that the Group has just one operating segment and goodwill is not monitored at any lower level, then consistent with the requirements of IAS 36, testing for goodwill impairment is performed at the operating segment level, being the entire business. Assets that are subject to depreciation or amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs to sell and value-in-use. Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. CGUs are identified based on the lowest level aggregation of asset from which largely independent cash inflows are generated. This can be a single gym or, in a number of instances, a group of gyms which are geographically closely located where the cash inflows from each individual gym are not generated largely independent of other gym sites within the surrounding geographical area. Any impairment charge is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income in the period in which it occurs. Impairment losses relating to goodwill cannot be reversed in future periods. At each reporting date, an assessment is made as to whether there is any indication that a previously recognised impairment loss for assets other than goodwill no longer exists or has decreased. If there is any such indication, the recoverable amount of the asset is recalculated and the impairment loss reversed. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Such reversal is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income unless the asset is carried at a revalued amount, in which case, the reversal is treated as a revaluation increase and recognised as a separate reserve within equity. Further information on impairment testing is provided in Notes 3, 12, 14 and 15. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-350": { "value": "Financial Instruments Fair Value Hierarchy IFRS 7 requires fair value measurements to be recognised using a fair value hierarchy that reflects the significance of the inputs used in the value measurements: Level 1: quoted prices in active markets for identical assets or liabilities Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices) Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs) There were no transfers between levels throughout the periods under review. Financial Assets The Group\u2019s financial assets comprise trade and other receivables, cash and cash equivalents, and investments. The Group classifies its financial assets as those to be measured at amortised cost, those recognised at fair value through profit and loss, and those recognised at fair value through other comprehensive income. The Group measures its trade and other receivables, and cash and cash equivalents at amortised cost. Subsequent to initial recognition, these assets are carried at amortised cost using the effective interest method. Income from these financial assets is calculated on an effective yield basis and is recognised in finance income in the Consolidated Statement of Comprehensive Income. Due to the Group\u2019s upfront payment model, it has limited exposure to credit losses. Investments in unquoted equity securities are designated as fair value through other comprehensive income if they are held as long term strategic investments that are not expected to be sold in the short to medium term. Any changes in fair value of those assets are recognised in other comprehensive income and are not recycled to profit or loss. Financial assets are classified as non-current if the asset is not expected to be realised within 12 months. Financial Liabilities The Group\u2019s financial liabilities comprise trade and other payables, other financial liabilities (including contingent consideration) and borrowings. The Group initially recognises its financial liabilities at fair value net of transaction costs where applicable and, other than derivatives and contingent consideration, they are subsequently measured at amortised cost using the effective interest method. Transaction costs are amortised using the effective interest method over the maturity of the loan. Contingent consideration is subsequently measured at its fair value, which is reassessed at each reporting period, and any fair value movement is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income. Borrowing Costs General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on temporary investments of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in finance costs in the Consolidated Statement of Comprehensive Income in the period in which they are incurred. Hedging Activities The Group enters into structured wholesale energy market contracts for the procurement of electricity and natural gas. It does this by buying energy directly from the wholesale market to cover operational energy requirements. All contracts are entered into and continue to be held to receive or deliver the energy in accordance with the Group\u2019s expected usage requirements and all contracted quantities are actually physically supplied with no financial settlement prior to, or at, maturity. As such, the Group applies the own use exemption in IFRS 9 with regards energy market contracts and recognises the contracted cost of energy in the Consolidated Statement of Comprehensive Income when the energy is consumed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-391": { "value": "Fair Value Hierarchy IFRS 7 requires fair value measurements to be recognised using a fair value hierarchy that reflects the significance of the inputs used in the value measurements: Level 1: quoted prices in active markets for identical assets or liabilities Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices) Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs) There were no transfers between levels throughout the periods under review. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-392": { "value": "Financial Assets The Group\u2019s financial assets comprise trade and other receivables, cash and cash equivalents, and investments. The Group classifies its financial assets as those to be measured at amortised cost, those recognised at fair value through profit and loss, and those recognised at fair value through other comprehensive income. The Group measures its trade and other receivables, and cash and cash equivalents at amortised cost. Subsequent to initial recognition, these assets are carried at amortised cost using the effective interest method. Income from these financial assets is calculated on an effective yield basis and is recognised in finance income in the Consolidated Statement of Comprehensive Income. Due to the Group\u2019s upfront payment model, it has limited exposure to credit losses. Investments in unquoted equity securities are designated as fair value through other comprehensive income if they are held as long term strategic investments that are not expected to be sold in the short to medium term. Any changes in fair value of those assets are recognised in other comprehensive income and are not recycled to profit or loss. Financial assets are classified as non-current if the asset is not expected to be realised within 12 months. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-393": { "value": "Financial Liabilities The Group\u2019s financial liabilities comprise trade and other payables, other financial liabilities (including contingent consideration) and borrowings. The Group initially recognises its financial liabilities at fair value net of transaction costs where applicable and, other than derivatives and contingent consideration, they are subsequently measured at amortised cost using the effective interest method. Transaction costs are amortised using the effective interest method over the maturity of the loan. Contingent consideration is subsequently measured at its fair value, which is reassessed at each reporting period, and any fair value movement is recognised in non-underlying items in the Consolidated Statement of Comprehensive Income. Borrowing Costs General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on temporary investments of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in finance costs in the Consolidated Statement of Comprehensive Income in the period in which they are incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-419": { "value": "Borrowing Costs General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on temporary investments of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in finance costs in the Consolidated Statement of Comprehensive Income in the period in which they are incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-437": { "value": "Hedging Activities The Group enters into structured wholesale energy market contracts for the procurement of electricity and natural gas. It does this by buying energy directly from the wholesale market to cover operational energy requirements. All contracts are entered into and continue to be held to receive or deliver the energy in accordance with the Group\u2019s expected usage requirements and all contracted quantities are actually physically supplied with no financial settlement prior to, or at, maturity. As such, the Group applies the own use exemption in IFRS 9 with regards energy market contracts and recognises the contracted cost of energy in the Consolidated Statement of Comprehensive Income when the energy is consumed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-420": { "value": "Hedging Activities The Group enters into structured wholesale energy market contracts for the procurement of electricity and natural gas. It does this by buying energy directly from the wholesale market to cover operational energy requirements. All contracts are entered into and continue to be held to receive or deliver the energy in accordance with the Group\u2019s expected usage requirements and all contracted quantities are actually physically supplied with no financial settlement prior to, or at, maturity. As such, the Group applies the own use exemption in IFRS 9 with regards energy market contracts and recognises the contracted cost of energy in the Consolidated Statement of Comprehensive Income when the energy is consumed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-394": { "value": "Hedging Activities The Group enters into structured wholesale energy market contracts for the procurement of electricity and natural gas. It does this by buying energy directly from the wholesale market to cover operational energy requirements. All contracts are entered into and continue to be held to receive or deliver the energy in accordance with the Group\u2019s expected usage requirements and all contracted quantities are actually physically supplied with no financial settlement prior to, or at, maturity. As such, the Group applies the own use exemption in IFRS 9 with regards energy market contracts and recognises the contracted cost of energy in the Consolidated Statement of Comprehensive Income when the energy is consumed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-351": { "value": "Pensions The Group operates defined contribution pension schemes and pays contributions to publicly or privately administered pension plans. The Group has no further payment obligations once the contributions have been paid. The contributions are recognised as an employee benefit expense when they are due. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-352": { "value": "Share Based Payments The Group operates a number of share based arrangements for employees. Equity-settled share based payments are measured at the fair value of the equity instruments at the grant date, which excludes the effect of non-market-based vesting conditions. The fair value at the grant date is recognised as an expense on a straight-line basis over the vesting period, based on the Group\u2019s estimate of the number of equity instruments that will eventually vest. The estimate of the number of awards likely to vest is reviewed at each balance sheet date up to the vesting date, at which point the estimate is adjusted to reflect the actual outcome of awards which have vested. No adjustment is made to the fair value after the vesting date even if the awards are forfeited or not exercised. Employer\u2019s national insurance contributions are payable, on exercise, on the market value of the award. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-353": { "value": "Inventories Inventories are carried at the lower of cost and net realisable value. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-354": { "value": "Trade and Other Receivables Trade and other receivables comprise rental income due from personal trainers, room rental income, advertising income and amounts due from landlords in respect of contributions towards building work. They are initially measured at transaction price. Subsequently, trade and other receivables are measured at amortised cost. The loss allowance for trade receivables and accrued income is measured using the simplified approach (lifetime expected credit losses). ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-355": { "value": "Cash and Cash Equivalents Cash and cash equivalents comprise cash at bank, short term deposits held on call with banks and other short term, highly liquid investments with original maturities of three months or less. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-356": { "value": "Trade and Other Payables Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if payment is due within one year. If not, they are presented as non-current liabilities. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-357": { "value": "Taxation Current Taxation Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from, or paid to, the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date. Income tax relating to items recognised in comprehensive income or directly in equity, is recognised in comprehensive income or equity and not in the Consolidated Statement of Comprehensive Income. Deferred Taxation Deferred income tax is provided using the liability method on all temporary differences between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes at the balance sheet date, with the following exceptions: y where the temporary difference arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss; y in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future; and y deferred income tax assets are recognised only to the extent that it is probable that taxable profit will be available against which deductible temporary differences, carried forward tax credits or tax losses can be utilised. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the balance sheet date. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-395": { "value": "Deferred Taxation Deferred income tax is provided using the liability method on all temporary differences between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes at the balance sheet date, with the following exceptions: y where the temporary difference arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss; y in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future; and y deferred income tax assets are recognised only to the extent that it is probable that taxable profit will be available against which deductible temporary differences, carried forward tax credits or tax losses can be utilised. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the balance sheet date. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-359": { "value": "Provisions Provisions are recognised when the Group has a present legal or constructive obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the present value of the expenditure expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and risks specific to the obligation. The increase in the provision due to the passage of time is recognised as a finance cost. A dilapidations provision is recognised when there is a present obligation relating to the maintenance of leasehold properties. The provision is based on management\u2019s best estimate of the cost of meeting this obligation. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-360": { "value": "Dividends Dividends payable by the Company are recognised on declaration.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-358": { "value": "
3. Significant Accounting Judgements, Estimates and Assumptions
The preparation of the financial statements in accordance with IFRS requires estimates and assumptions to be made that
affect the value at which certain assets and liabilities are held at the balance sheet date and also the amounts of revenue
and expenditure recorded in the period. The Directors believe the accounting policies chosen are appropriate to the
circumstances and that the estimates, judgements and assumptions involved in its financial reporting are reasonable.
Accounting estimates made by the Group\u2019s management are based on information available to management at the time
each estimate is made. Accordingly, actual outcomes may differ materially from current expectations under different
assumptions and conditions. The significant judgements that management has made in applying its accounting
policies and the estimates and assumptions for which there is a significant risk of a material adjustment to the financial
statements within the next financial year are set out below.
Critical Judgements
Determination of CGUs for Goodwill Impairment Testing
The Group\u2019s activities consist solely of the provision of low cost, high quality, 24/7, no contract gyms within the United
Kingdom, traded through 260 sites as at 31 December 2025. All gyms operate under \u2018The Gym Group\u2019 brand including
gyms acquired through business combinations. Under IAS 36, goodwill is allocated to the cash generating units (\u2018CGUs\u2019) on
the basis of which CGU or group of CGUs is expected to benefit from the business combination in which the goodwill arose.
However, management has determined that the Group\u2019s goodwill cannot be allocated to CGUs on a non-arbitrary basis.
Further, the Group has determined that it has a single operating segment and goodwill is not monitored at any lower
level. Therefore, consistent with the requirements of IAS 36, testing for goodwill impairment is performed at the operating
segment level, being the entire business.
Determination of CGUs for Property, Plant and Equipment, and Right-of-Use Assets Impairment Testing
Annually, management considers indicators of impairment to determine if an impairment assessment is required for
property, plant and equipment, right-of-use assets and intangible assets other than goodwill. Where indicated, management
identifies the CGU into which an asset belongs. Individual assets generally do not generate independent cash inflows, and
therefore they must be tested at the level of the CGU. In many cases, individual gyms are considered to generate largely
independent cash flows and therefore are considered to be a single CGU for impairment purposes. However, there are some
instances where a number of sites may be interdependent in generating cash flows. This is the case where some gyms in a
geographic location have a higher proportion of Ultimate members who frequently visit other gyms in the same geographic
location. In these instances, there is significant trading interdependency and the cash inflows from each individual gym
are not generated largely independent of each other. In these instances, these gyms are grouped together and considered
to be one CGU for impairment assessment purposes. There is judgement required to determine which sites are largely
independent and which gyms are interdependent on each other. If no grouping of sites was assumed, the additional
impairment recognised in the financial year ended 31 December 2025 would have been \u00a32.8m in relation to three sites.
Further information on the impairment testing undertaken in the year is included in Note 14.
Accounting for Costs Associated with the New Member Management and Payment Systems
During 2025, the Group commenced a programme to upgrade member management and payment systems. In
accordance with the accounting policy set out on page 109, the Group capitalises costs for product development projects
if the capitalisation criteria under IAS 38 is met. Significant judgement is involved in distinguishing which costs meet the
capitalisation criteria under IAS 38. As at 31 December 2025, \u00a34.5m of costs incurred met the capitalisation criteria under
IAS 38, and the remaining \u00a32.1m of costs incurred have been included as non-underling expenses in the Consolidated
Statement of Comprehensive Income.
Sources of Estimation Uncertainty
Impairment Testing
The recoverable amount of the Group\u2019s CGUs is based on value-in-use calculations. This method requires the estimation of
future cash flows and the determination of a pre-tax discount rate in order to calculate the present value of the cash flows.
Discount rates reflect the estimated return on capital employed required by an investor. This is also the benchmark used by
management to assess operating performance and to evaluate future capital investment proposals. The pre-tax discount
rate is derived from the Group\u2019s post-tax weighted average cost of capital. Changes in the discount rate are calculated with
reference to latest market assumptions for the risk-free rate, equity market risk premium and the cost of debt.
Where an impairment loss is identified, it is allocated to the assets of the CGU on a pro-rata basis to their carrying
amount, subject to the limitation that the carrying amount of an asset cannot be reduced below the highest of fair value
less costs of disposal, value-in-use or zero. More information, including key assumptions and carrying values, is included in
Notes 12, 14 and 15.
Whilst the Directors have currently assessed that reasonably possible changes in key assumptions are unlikely to cause
an impairment in the carrying value of goodwill, estimates of future cash flows and the determination of discount rates
applied to those cash flows could change in the longer term such that an impairment arises. Further, the Directors have
currently assessed that the carrying value of property, plant and equipment is sensitive to reasonably possible changes
in key assumptions \u2013 see Note 14 for further details. In addition, estimates of future cash flows and the determination of
discount rates applied to those cash flows could change in the longer term such that an impairment arises in relation to
other CGUs.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-396": { "value": "3. Significant Accounting Judgements, Estimates and Assumptions The preparation of the financial statements in accordance with IFRS requires estimates and assumptions to be made that affect the value at which certain assets and liabilities are held at the balance sheet date and also the amounts of revenue and expenditure recorded in the period. The Directors believe the accounting policies chosen are appropriate to the circumstances and that the estimates, judgements and assumptions involved in its financial reporting are reasonable. Accounting estimates made by the Group\u2019s management are based on information available to management at the time each estimate is made. Accordingly, actual outcomes may differ materially from current expectations under different assumptions and conditions. The significant judgements that management has made in applying its accounting policies and the estimates and assumptions for which there is a significant risk of a material adjustment to the financial statements within the next financial year are set out below. Critical Judgements Determination of CGUs for Goodwill Impairment Testing The Group\u2019s activities consist solely of the provision of low cost, high quality, 24/7, no contract gyms within the United Kingdom, traded through 260 sites as at 31 December 2025. All gyms operate under \u2018The Gym Group\u2019 brand including gyms acquired through business combinations. Under IAS 36, goodwill is allocated to the cash generating units (\u2018CGUs\u2019) on the basis of which CGU or group of CGUs is expected to benefit from the business combination in which the goodwill arose. However, management has determined that the Group\u2019s goodwill cannot be allocated to CGUs on a non-arbitrary basis. Further, the Group has determined that it has a single operating segment and goodwill is not monitored at any lower level. Therefore, consistent with the requirements of IAS 36, testing for goodwill impairment is performed at the operating segment level, being the entire business. Determination of CGUs for Property, Plant and Equipment, and Right-of-Use Assets Impairment Testing Annually, management considers indicators of impairment to determine if an impairment assessment is required for property, plant and equipment, right-of-use assets and intangible assets other than goodwill. Where indicated, management identifies the CGU into which an asset belongs. Individual assets generally do not generate independent cash inflows, and therefore they must be tested at the level of the CGU. In many cases, individual gyms are considered to generate largely independent cash flows and therefore are considered to be a single CGU for impairment purposes. However, there are some instances where a number of sites may be interdependent in generating cash flows. This is the case where some gyms in a geographic location have a higher proportion of Ultimate members who frequently visit other gyms in the same geographic location. In these instances, there is significant trading interdependency and the cash inflows from each individual gym are not generated largely independent of each other. In these instances, these gyms are grouped together and considered to be one CGU for impairment assessment purposes. There is judgement required to determine which sites are largely independent and which gyms are interdependent on each other. If no grouping of sites was assumed, the additional impairment recognised in the financial year ended 31 December 2025 would have been \u00a32.8m in relation to three sites. Further information on the impairment testing undertaken in the year is included in Note 14. Accounting for Costs Associated with the New Member Management and Payment Systems During 2025, the Group commenced a programme to upgrade member management and payment systems. In accordance with the accounting policy set out on page 109, the Group capitalises costs for product development projects if the capitalisation criteria under IAS 38 is met. Significant judgement is involved in distinguishing which costs meet the capitalisation criteria under IAS 38. As at 31 December 2025, \u00a34.5m of costs incurred met the capitalisation criteria under IAS 38, and the remaining \u00a32.1m of costs incurred have been included as non-underling expenses in the Consolidated Statement of Comprehensive Income. Sources of Estimation Uncertainty Impairment Testing The recoverable amount of the Group\u2019s CGUs is based on value-in-use calculations. This method requires the estimation of future cash flows and the determination of a pre-tax discount rate in order to calculate the present value of the cash flows. Discount rates reflect the estimated return on capital employed required by an investor. This is also the benchmark used by management to assess operating performance and to evaluate future capital investment proposals. The pre-tax discount rate is derived from the Group\u2019s post-tax weighted average cost of capital. Changes in the discount rate are calculated with reference to latest market assumptions for the risk-free rate, equity market risk premium and the cost of debt. Where an impairment loss is identified, it is allocated to the assets of the CGU on a pro-rata basis to their carrying amount, subject to the limitation that the carrying amount of an asset cannot be reduced below the highest of fair value less costs of disposal, value-in-use or zero. More information, including key assumptions and carrying values, is included in Notes 12, 14 and 15. Whilst the Directors have currently assessed that reasonably possible changes in key assumptions are unlikely to cause an impairment in the carrying value of goodwill, estimates of future cash flows and the determination of discount rates applied to those cash flows could change in the longer term such that an impairment arises. Further, the Directors have currently assessed that the carrying value of property, plant and equipment is sensitive to reasonably possible changes in key assumptions \u2013 see Note 14 for further details. In addition, estimates of future cash flows and the determination of discount rates applied to those cash flows could change in the longer term such that an impairment arises in relation to other CGUs.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-361": { "value": "
4. New and Amended IFRS Standards
New and Amended IFRS Standards that are Effective for the Current Year
The Group applied for the first-time certain standards and amendments, which are effective for annual periods beginning
on or after 1 January 2025 (unless otherwise stated). The Group has not early adopted any other standard, interpretation
or amendment that has been issued but is not yet effective.
Lack of Exchangeability \u2013 Amendments to IAS 21
The amendments specify how an entity should assess whether a currency is exchangeable and how it should determine a
spot exchange rate when exchangeability is lacking. The amendments also require disclosure of information that enables
users of its financial statements to understand how the currency not being exchangeable into the other currency affects,
or is expected to affect, the entity\u2019s financial performance, financial position and cash flows.
The amendments did not have a material impact on the Group\u2019s financial statements.
There were no other standards and amendments that became effective in the period, that apply to the consolidated
financial statements of the Group.
New and Revised IFRS Standards that are In Issue but not yet Effective
The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of
the Group\u2019s financial statements are disclosed below. The Group intends to adopt these new and amended standards and
interpretations, if applicable, when they become effective.
Standard
Effective for periods beginning on or after
Amendments to the Classification and Measurement of
Financial Instruments \u2013 Amendments to IFRS 9 and IFRS 7
1 January 2026
Annual Improvements to IFRS Accounting Standards \u2013 Volume 11
1 January 2026
IFRS 18 Presentation and Disclosure in Financial Statements
1 January 2027
IFRS 19 Subsidiaries without Public Accountability: Disclosures
1 January 2027
The Group has assessed the impact of these new and amended standards and interpretations, and does not anticipate
any material impact on the consolidated financial statements, with the exception of IFRS 18.
IFRS 18 \u2013 Presentation and Disclosure in Financial Statements
IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new
requirements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Furthermore, the IASB has made
minor amendments to IAS 7 and IAS 33 Earnings per Share.
IFRS 18 introduces new requirements to:
y present specified categories and defined subtotals in the statement of profit or loss;
y provide disclosures on management-defined performance measures (\u2018MPMs\u2019) in the notes to the financial
statements; and
y improve aggregation and disaggregation.
The Group is required to apply IFRS 18 for its financial year beginning on 1 January 2027 and the amendments to IAS 7
and IAS 33, as well as the revised IAS 8 and IFRS 7, will become effective at the same time. IFRS 18 requires retrospective
application with specific transition provisions.
The Directors are still assessing the impact of the application of these amendments on the presentation of the Group\u2019s
consolidated financial statements. Some of the possible impacts have been disclosed below.
IFRS 18 introduces five defined categories in the statement of profit and loss (Operating, Investing, Financing, Income
Taxes and Discontinued Operations). It is expected that finance Income will move into the \u2018Investing\u2019 category. A new
subtotal of \u2018Profit before financing and tax\u2019 will be introduced, which will include the finance income amount.
IFRS 18 also requires the disclosure of all MPMs within a single note to the financial statements. Some of the current
alternative performance measures may constitute MPMs under IFRS 18 and would therefore fall into the scope of these
requirements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-397": { "value": "New and Amended IFRS Standards that are Effective for the Current Year The Group applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after 1 January 2025 (unless otherwise stated). The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. Lack of Exchangeability \u2013 Amendments to IAS 21 The amendments specify how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking. The amendments also require disclosure of information that enables users of its financial statements to understand how the currency not being exchangeable into the other currency affects, or is expected to affect, the entity\u2019s financial performance, financial position and cash flows. The amendments did not have a material impact on the Group\u2019s financial statements. There were no other standards and amendments that became effective in the period, that apply to the consolidated financial statements of the Group. ", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-398": { "value": "New and Revised IFRS Standards that are In Issue but not yet Effective The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective.
Standard
Effective for periods beginning on or after
Amendments to the Classification and Measurement of
Financial Instruments \u2013 Amendments to IFRS 9 and IFRS 7
1 January 2026
Annual Improvements to IFRS Accounting Standards \u2013 Volume 11
1 January 2026
IFRS 18 Presentation and Disclosure in Financial Statements
1 January 2027
IFRS 19 Subsidiaries without Public Accountability: Disclosures
1 January 2027
The Group has assessed the impact of these new and amended standards and interpretations, and does not anticipate any material impact on the consolidated financial statements, with the exception of IFRS 18. IFRS 18 \u2013 Presentation and Disclosure in Financial Statements IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Furthermore, the IASB has made minor amendments to IAS 7 and IAS 33 Earnings per Share. IFRS 18 introduces new requirements to: y present specified categories and defined subtotals in the statement of profit or loss; y provide disclosures on management-defined performance measures (\u2018MPMs\u2019) in the notes to the financial statements; and y improve aggregation and disaggregation. The Group is required to apply IFRS 18 for its financial year beginning on 1 January 2027 and the amendments to IAS 7 and IAS 33, as well as the revised IAS 8 and IFRS 7, will become effective at the same time. IFRS 18 requires retrospective application with specific transition provisions. The Directors are still assessing the impact of the application of these amendments on the presentation of the Group\u2019s consolidated financial statements. Some of the possible impacts have been disclosed below. IFRS 18 introduces five defined categories in the statement of profit and loss (Operating, Investing, Financing, Income Taxes and Discontinued Operations). It is expected that finance Income will move into the \u2018Investing\u2019 category. A new subtotal of \u2018Profit before financing and tax\u2019 will be introduced, which will include the finance income amount. IFRS 18 also requires the disclosure of all MPMs within a single note to the financial statements. Some of the current alternative performance measures may constitute MPMs under IFRS 18 and would therefore fall into the scope of these requirements.", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-362": { "value": "
5. Revenue
The principal revenue streams for the Group are membership income, rental income from personal trainers and
ancillary income.
Membership income comprises monthly membership fees, non-refundable joining fees and longer term membership fees
in relation to student, saver and corporate memberships. Rental income from personal trainers represents amounts paid
by standalone personal trainers to operate their business from our gyms. Ancillary income includes income from the sale
of goods through vending machines, and advertising income through the use of media screens.
The majority of revenue is derived from contracts with members and all revenue arises in the United Kingdom.
Disaggregation of Revenue
In the following table, revenue is disaggregated by major products and service lines and timing of revenue recognition.
31 December 2025 31 December 2024
\u00a3m \u00a3m
Major products/service lines
Membership income
232.6
214.9
Rental income from personal trainers
8.6
8.2
Ancillary income
3.7
3.2
244.9
226.3
Timing of revenue recognition
Products transferred at a point in time
4.3
3.7
Products and services transferred over time
240.6
222.6
244.9
226.3
Liabilities relating to contracts with customers
Contract liabilities (Note 19)
(17.6)
(15.8)
Revenue recognised that was included in contract liabilities in the prior year
Membership income
15.8
14.4
Contract liabilities relate to membership fees received at the start of a contract, where the Group has the obligation
to provide a gym membership over a period of time, and are included within trade and other payables (see Note 19).
The contract liability balance increases as the Group\u2019s membership numbers increase. The Group does not receive any
consideration greater than 12 months in advance from members. Hence, the total contract liability as at 31 December
2024 of \u00a315.8m has been recognised as revenue during the year ended 31 December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-399": { "value": "5. Revenue The principal revenue streams for the Group are membership income, rental income from personal trainers and ancillary income. Membership income comprises monthly membership fees, non-refundable joining fees and longer term membership fees in relation to student, saver and corporate memberships. Rental income from personal trainers represents amounts paid by standalone personal trainers to operate their business from our gyms. Ancillary income includes income from the sale of goods through vending machines, and advertising income through the use of media screens. The majority of revenue is derived from contracts with members and all revenue arises in the United Kingdom. Disaggregation of Revenue In the following table, revenue is disaggregated by major products and service lines and timing of revenue recognition.
31 December 2025 31 December 2024
\u00a3m \u00a3m
Major products/service lines
Membership income
232.6
214.9
Rental income from personal trainers
8.6
8.2
Ancillary income
3.7
3.2
244.9
226.3
Timing of revenue recognition
Products transferred at a point in time
4.3
3.7
Products and services transferred over time
240.6
222.6
244.9
226.3
Liabilities relating to contracts with customers
Contract liabilities (Note 19)
(17.6)
(15.8)
Revenue recognised that was included in contract liabilities in the prior year
Membership income
15.8
14.4
Contract liabilities relate to membership fees received at the start of a contract, where the Group has the obligation to provide a gym membership over a period of time, and are included within trade and other payables (see Note 19). The contract liability balance increases as the Group\u2019s membership numbers increase. The Group does not receive any consideration greater than 12 months in advance from members. Hence, the total contract liability as at 31 December 2024 of \u00a315.8m has been recognised as revenue during the year ended 31 December 2025.", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-421": { "value": "Disaggregation of Revenue In the following table, revenue is disaggregated by major products and service lines and timing of revenue recognition.
31 December 2025 31 December 2024
\u00a3m \u00a3m
Major products/service lines
Membership income
232.6
214.9
Rental income from personal trainers
8.6
8.2
Ancillary income
3.7
3.2
244.9
226.3
Timing of revenue recognition
Products transferred at a point in time
4.3
3.7
Products and services transferred over time
240.6
222.6
244.9
226.3
Liabilities relating to contracts with customers
Contract liabilities (Note 19)
(17.6)
(15.8)
Revenue recognised that was included in contract liabilities in the prior year
Membership income
15.8
14.4
Contract liabilities relate to membership fees received at the start of a contract, where the Group has the obligation to provide a gym membership over a period of time, and are included within trade and other payables (see Note 19). The contract liability balance increases as the Group\u2019s membership numbers increase. The Group does not receive any consideration greater than 12 months in advance from members. Hence, the total contract liability as at 31 December 2024 of \u00a315.8m has been recognised as revenue during the year ended 31 December 2025.", "dimensions": { "concept": "ifrs-full:DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-363": { "value": "
6. Operating Expenses (before Depreciation, Amortisation and Impairment)
Operating expenses comprise the following:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Underlying employee costs (Note 7)
57.0
49.8
Site costs (excluding employee costs)
1
82.4
80.6
Central support office costs (excluding employee costs)
2
8.9
8.7
Auditor\u2019s remuneration costs:
Fees payable for the audit of the Group\u2019s annual accounts
0.2
0.4
Audit of the Group\u2019s subsidiaries pursuant to legislation
0.1
0.1
Underlying operating expenses (before depreciation, amortisation
and impairment)
148.6
139.6
Non-underlying operating expenses (before depreciation, amortisation and
impairment) (Note 8)
2.1
0.4
Operating expenses (before depreciation, amortisation and impairment)
150.7
140.0
1 Site costs include the fixed and variable costs of running the Group\u2019s gyms and include rates and services charges, cleaning costs, utilities, repairs and
maintenance, site technology costs, marketing costs and insurance.
2 Central support office costs largely comprise central technology and marketing costs and professional and administrative fees.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-447": { "value": "6. Operating Expenses (before Depreciation, Amortisation and Impairment) Operating expenses comprise the following:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Underlying employee costs (Note 7)
57.0
49.8
Site costs (excluding employee costs)
1
82.4
80.6
Central support office costs (excluding employee costs)
2
8.9
8.7
Auditor\u2019s remuneration costs:
Fees payable for the audit of the Group\u2019s annual accounts
0.2
0.4
Audit of the Group\u2019s subsidiaries pursuant to legislation
0.1
0.1
Underlying operating expenses (before depreciation, amortisation
and impairment)
148.6
139.6
Non-underlying operating expenses (before depreciation, amortisation and
impairment) (Note 8)
2.1
0.4
Operating expenses (before depreciation, amortisation and impairment)
150.7
140.0
1 Site costs include the fixed and variable costs of running the Group\u2019s gyms and include rates and services charges, cleaning costs, utilities, repairs and maintenance, site technology costs, marketing costs and insurance. 2 Central support office costs largely comprise central technology and marketing costs and professional and administrative fees. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-438": { "value": "6. Operating Expenses (before Depreciation, Amortisation and Impairment) Operating expenses comprise the following:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Underlying employee costs (Note 7)
57.0
49.8
Site costs (excluding employee costs)
1
82.4
80.6
Central support office costs (excluding employee costs)
2
8.9
8.7
Auditor\u2019s remuneration costs:
Fees payable for the audit of the Group\u2019s annual accounts
0.2
0.4
Audit of the Group\u2019s subsidiaries pursuant to legislation
0.1
0.1
Underlying operating expenses (before depreciation, amortisation
and impairment)
148.6
139.6
Non-underlying operating expenses (before depreciation, amortisation and
impairment) (Note 8)
2.1
0.4
Operating expenses (before depreciation, amortisation and impairment)
150.7
140.0
1 Site costs include the fixed and variable costs of running the Group\u2019s gyms and include rates and services charges, cleaning costs, utilities, repairs and maintenance, site technology costs, marketing costs and insurance. 2 Central support office costs largely comprise central technology and marketing costs and professional and administrative fees. 13. Intangible Assets
Computer
Assets software
under Customer and
construction list Contract licences Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
\u2013
3.0
0.9
24.7
28.6
Additions
\u2013
\u2013
\u2013
6.7
6.7
Transfers
\u2013
\u2013
\u2013
0.3
0.3
At 31 December 2024
\u2013
3.0
0.9
31.7
35.6
Additions
4.1
\u2013
\u2013
6.2
10.3
Disposals
\u2013
(2.7)
(0.2)
(7.1)
(10.0)
At 31 December 2025
4.1
0.3
0.7
30.8
35.9
Accumulated amortisation
At 1 January 2024
\u2013
(2.8)
(0.4)
(15.8)
(19.0)
Charge for the year
\u2013
(0.1)
\u2013
(6.1)
(6.2)
At 31 December 2024
\u2013
(2.9)
(0.4)
(21.9)
(25.2)
Charge for the year
\u2013
\u2013
(0.1)
(6.7)
(6.8)
Disposals
\u2013
2.7
0.2
7.1
10.0
At 31 December 2025
\u2013
(0.2)
(0.3)
(21.5)
(22.0)
Net book value
At 31 December 2024
\u2013
0.1
0.5
9.8
10.4
At 31 December 2025
4.1
0.1
0.4
9.3
13.9
The amortisation charge for customer lists and contracts of \u00a30.1m (2024: \u00a30.1m) has been recognised as non-underlying expenses in the Consolidated Statement of Comprehensive Income. Assets under construction relate to costs incurred to date on the implementation of the new member management and payment systems to replace legacy technology. 14. Property, Plant and Equipment
Assets Leasehold Fixtures, Gym and
under improvements fittings and other Computer
construction \u00a3m equipment equipment equipment Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
1.8
251.2
11.9
94.3
6.3
365.5
Additions
0.9
23.4
0.3
9.0
1.5
35.1
Disposals
(0.2)
(1.8)
(0.1)
(11.7)
\u2013
(13.8)
Transfers
(1.6)
0.7
\u2013
0.6
\u2013
(0.3)
At 31 December 2024
0.9
273.5
12.1
92.2
7.8
386.5
Additions
1.1
32.9
0.6
10.6
1.0
46.2
Disposals
\u2013
(3.2)
(0.5)
(3.8)
(1.0)
(8.5)
Transfers
(0.8)
0.8
\u2013
\u2013
\u2013
\u2013
At 31 December 2025
1.2
304.0
12.2
99.0
7.8
424.2
Accumulated depreciation
At 1 January 2024
\u2013
(111.4)
(10.1)
(67.5)
(4.8)
(193.8)
Charge for the year
\u2013
(16.5)
(0.4)
(6.7)
(1.0)
(24.6)
Disposals
\u2013
1.6
0.1
11.7
\u2013
13.4
Transfers
\u2013
\u2013
\u2013
0.1
\u2013
0.1
Impairment
\u2013
(0.4)
\u2013
\u2013
\u2013
(0.4)
At 31 December 2024
\u2013
(126.7)
(10.4)
(62.4)
(5.8)
(205.3)
Charge for the year
\u2013
(17.4)
(0.4)
(5.5)
(1.1)
(24.4)
Disposals
\u2013
3.2
0.5
3.8
1.0
8.5
Impairment
\u2013
(0.2)
\u2013
\u2013
\u2013
(0.2)
At 31 December 2025
\u2013
(141.1)
(10.3)
(64.1)
(5.9)
(221.4)
Net book value
At 31 December 2024
0.9
146.8
1.7
29.8
2.0
181.2
At 31 December 2025
1.2
162.9
1.9
34.9
1.9
202.8
Included within additions for the year is \u00a30.4m of capitalised interest (2024: \u00a30.4m) and a net movement of \u00a34.7m of accrued capital expenditure (2024: \u00a35.5m). ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-422": { "value": "6. Operating Expenses (before Depreciation, Amortisation and Impairment) Operating expenses comprise the following:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Underlying employee costs (Note 7)
57.0
49.8
Site costs (excluding employee costs)
1
82.4
80.6
Central support office costs (excluding employee costs)
2
8.9
8.7
Auditor\u2019s remuneration costs:
Fees payable for the audit of the Group\u2019s annual accounts
0.2
0.4
Audit of the Group\u2019s subsidiaries pursuant to legislation
0.1
0.1
Underlying operating expenses (before depreciation, amortisation
and impairment)
148.6
139.6
Non-underlying operating expenses (before depreciation, amortisation and
impairment) (Note 8)
2.1
0.4
Operating expenses (before depreciation, amortisation and impairment)
150.7
140.0
1 Site costs include the fixed and variable costs of running the Group\u2019s gyms and include rates and services charges, cleaning costs, utilities, repairs and maintenance, site technology costs, marketing costs and insurance. 2 Central support office costs largely comprise central technology and marketing costs and professional and administrative fees. ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-400": { "value": "6. Operating Expenses (before Depreciation, Amortisation and Impairment) Operating expenses comprise the following:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Underlying employee costs (Note 7)
57.0
49.8
Site costs (excluding employee costs)
1
82.4
80.6
Central support office costs (excluding employee costs)
2
8.9
8.7
Auditor\u2019s remuneration costs:
Fees payable for the audit of the Group\u2019s annual accounts
0.2
0.4
Audit of the Group\u2019s subsidiaries pursuant to legislation
0.1
0.1
Underlying operating expenses (before depreciation, amortisation
and impairment)
148.6
139.6
Non-underlying operating expenses (before depreciation, amortisation and
impairment) (Note 8)
2.1
0.4
Operating expenses (before depreciation, amortisation and impairment)
150.7
140.0
1 Site costs include the fixed and variable costs of running the Group\u2019s gyms and include rates and services charges, cleaning costs, utilities, repairs and maintenance, site technology costs, marketing costs and insurance. 2 Central support office costs largely comprise central technology and marketing costs and professional and administrative fees. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-364": { "value": "
7. Employee Information
31 December 2025 31 December 2024
\u00a3m \u00a3m
Wages and salaries
46.6
42.8
Social security costs
4.6
3.4
Employers\u2019 pension costs
0.9
0.8
Share based payments (Note 26)
5.5
3.4
Underlying employee costs
57.6
50.4
Non-underlying employee costs (Note 8)
1.1
0.1
Employee costs
58.7
50.5
Included within employee costs in 2025 is \u00a30.6m (2024: \u00a30.6m) which has been included within cost of sales in the
Consolidated Statement of Comprehensive Income.
The average number of employees, including Directors, during the year was:
31 December 2025
31 December 2024
Operational
1,674
1,621
Administrative
250
216
1 ,9 2 4
1,837
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-401": { "value": "7. Employee Information
31 December 2025 31 December 2024
\u00a3m \u00a3m
Wages and salaries
46.6
42.8
Social security costs
4.6
3.4
Employers\u2019 pension costs
0.9
0.8
Share based payments (Note 26)
5.5
3.4
Underlying employee costs
57.6
50.4
Non-underlying employee costs (Note 8)
1.1
0.1
Employee costs
58.7
50.5
Included within employee costs in 2025 is \u00a30.6m (2024: \u00a30.6m) which has been included within cost of sales in the Consolidated Statement of Comprehensive Income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-365": { "value": "
8. Non-Underlying Items
31 December 2025 31 December 2024
\u00a3m \u00a3m
Affecting operating expenses (before depreciation, amortisation
and impairment)
Costs of major strategic projects and investments
2.1
0.2
Restructuring and reorganisation costs (including site closures)
\u2013
0.2
Total affecting operating expenses (before depreciation, amortisation
and impairment)
2.1
0.4
Affecting depreciation, amortisation and impairment
Impairment of property, plant and equipment, right-of-use assets
and intangible assets
0.8
0.4
Amortisation of business combination intangible assets
0.1
0.1
Total affecting depreciation, amortisation and impairment
0.9
0.5
Total affecting operating expenses
3.0
0.9
Affecting finance costs
Refinancing costs and remeasurement of borrowings
0.2
0.2
Total affecting finance costs
0.2
0.2
Total all non-underlying items before tax
3.2
1.1
Tax on non-underlying items
(0.7)
(0.1)
Total non-underlying charge in the Consolidated Statement
of Comprehensive Income
2.5
1.0
Non-underlying items affecting operating expenses (before depreciation, amortisation and impairment) increased in the
year to \u00a32.1m (2024: \u00a30.4m). The \u00a32.1m reflects the non-capitalisable costs (including \u00a31.1m of employee costs) incurred to
date on the implementation of the new member management and payment systems to replace legacy technology and
introduce market-leading business and member capabilities to further accelerate delivery of our strategic initiatives.
Non-underlying costs affecting depreciation, amortisation and impairment in the year amounted to \u00a30.9m (2024: \u00a30.5m),
of which \u00a30.8m (2024: \u00a30.4m) relates to the partial impairment of four sites (2024: one site). The remaining \u00a30.1m (2024:
\u00a30.1m) relates to the amortisation of business combination intangibles acquired as part of the Lifestyle, easyGym and
Fitness First acquisitions.
Non-underlying items affecting finance costs amounted to \u00a30.2m (2024: \u00a30.2m) and relates to the remeasurement of the
RCF and Term Loan as a result of the amendment and extension in the period of the Group\u2019s banking facilities. Further
information about the Group\u2019s bank facilities can be found in Note 20.
Tax on non-underlying items represents the tax charge or credit arising on the Group\u2019s non-underlying items calculated at
the current tax rate.
Reconciliation of Non-Underlying Operating Items to Cash Flow
31 December 2025 31 December 2024
\u00a3m \u00a3m
Non-underlying items affecting operating expenses
3.0
0.9
Less: Non-underlying items affecting depreciation, amortisation and impairment
(0.9)
(0.5)
Add: Opening accruals
\u2013
0.5
Less: Closing accruals
(0.3)
\u2013
Cash outflow from non-underlying operating items
1.8
0.9
", "dimensions": { "concept": "thegymgroupplc:DisclosureOfNonunderlyingItemsWhichAreIncomeOrExpensesThatAreMaterialByTheirSizeAndNatureNotConsideredToBeIncurredInNormalCourseOfBusiness", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-366": { "value": "
9. Finance Costs
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank loans
4.9
5.6
Lease interest
16.4
15.5
21.3
21.1
Less: Capitalised interest
(0.4)
(0.4)
Underlying finance costs
20.9
20.7
Non-underlying finance costs
0.2
0.2
Finance costs
21.1
20.9
Capitalised interest is recognised within leasehold improvements. The capitalisation rate used to determine the amount
of borrowing costs to be capitalised is the weighted average interest rate applicable to the Group\u2019s general borrowings
during 2025 of 7.1% (2024: 8.2%).
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-439": { "value": "9. Finance Costs
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank loans
4.9
5.6
Lease interest
16.4
15.5
21.3
21.1
Less: Capitalised interest
(0.4)
(0.4)
Underlying finance costs
20.9
20.7
Non-underlying finance costs
0.2
0.2
Finance costs
21.1
20.9
Capitalised interest is recognised within leasehold improvements. The capitalisation rate used to determine the amount of borrowing costs to be capitalised is the weighted average interest rate applicable to the Group\u2019s general borrowings during 2025 of 7.1% (2024: 8.2%).", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-423": { "value": "9. Finance Costs
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank loans
4.9
5.6
Lease interest
16.4
15.5
21.3
21.1
Less: Capitalised interest
(0.4)
(0.4)
Underlying finance costs
20.9
20.7
Non-underlying finance costs
0.2
0.2
Finance costs
21.1
20.9
Capitalised interest is recognised within leasehold improvements. The capitalisation rate used to determine the amount of borrowing costs to be capitalised is the weighted average interest rate applicable to the Group\u2019s general borrowings during 2025 of 7.1% (2024: 8.2%).", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-402": { "value": "9. Finance Costs
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank loans
4.9
5.6
Lease interest
16.4
15.5
21.3
21.1
Less: Capitalised interest
(0.4)
(0.4)
Underlying finance costs
20.9
20.7
Non-underlying finance costs
0.2
0.2
Finance costs
21.1
20.9
Capitalised interest is recognised within leasehold improvements. The capitalisation rate used to determine the amount of borrowing costs to be capitalised is the weighted average interest rate applicable to the Group\u2019s general borrowings during 2025 of 7.1% (2024: 8.2%).", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-367": { "value": "
10. Taxation
Tax on Profit
31 December 2025 31 December 2024
\u00a3m \u00a3m
Current income tax
Current tax on profits in the year
\u2013
\u2013
Total current income tax
\u2013
\u2013
Deferred tax
Origination and reversal of temporary differences
\u2013
1.9
Total deferred tax
\u2013
1.9
Tax (charge)/credit
\u2013
1.9
The standard rate of corporation tax applied to reported profits is 25% (2024: 25%).
Reconciliation of Tax (Charge)/Credit
31 December 2025 31 December 2024
\u00a3m \u00a3m
Profit before tax
7.4
2.5
Tax calculation at standard rate of corporation tax
(1.9)
(0.6)
Expenses not deductible for tax purposes
(0.3)
(0.4)
Unrecognised tax losses
2.2
2.9
Tax (charge)/credit
\u2013
1.9
Deferred Tax
Accelerated
capital Intangible Share
allowances Losses assets schemes Other Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 January 2024
2.1
11.1
(0.3)
0.9
2.5
16.3
Recognised in the Consolidated Statement of
Comprehensive Income
1.0
1.0
0.3
\u2013
(0.4)
1.9
At 31 December 2024
3.1
12.1
\u2013
0.9
2.1
18.2
Recognised in the Consolidated Statement of
Comprehensive Income
(1.7)
1.5
\u2013
0.6
(0.4)
\u2013
At 31 December 2025
1.4
13.6
\u2013
1.5
1.7
18.2
Deferred tax assets are recognised in respect of those tax losses and other temporary differences only to the extent it is
considered probable that the assets will be recoverable. This involves an assessment of when those assets are likely to be
recovered, and a judgement as to whether or not there will be sufficient taxable profits available to offset the assets.
In assessing the probability of recovery, the Directors reviewed the Group\u2019s three year plan that underpinned the going
concern and viability assessment, and the goodwill and property, plant and equipment impairment testing. However, the
cash flows, particularly in the outer years, were then risk-adjusted to reflect the uncertainty inherent to the future.
Under the Base Case assumptions, forecast taxable profits over the planning period would support the recognition of
a deferred tax asset of \u00a319.5m. However, forecast profits in the later years of the plan are inherently subject to greater
estimation uncertainty, particularly in respect of mature membership levels, pricing and membership growth, margin
performance and the pace of new site openings. In light of this uncertainty, the Directors have exercised judgement in
limiting the recognised balance to \u00a318.2m, being the amount considered probable of recovery based on the weight of
available evidence at the reporting date. The Directors have also considered reasonably possible downside assumptions
as part of their broader forecasting and viability assessment process. Under those assumptions, the recoverable
amount within the three year plan period would reduce by approximately \u00a31.7m. This sensitivity reflects reasonably
possible changes in key assumptions at the reporting date. Any future reduction in the deferred tax asset is expected to
arise primarily through the normal utilisation of tax losses against taxable profits rather than from a reassessment of
recoverability. The Directors therefore believe that there is convincing evidence to support the recognition of deferred
tax assets of \u00a318.2m (2024: \u00a318.2m) in the Group\u2019s balance sheet at 31 December 2025, which are forecast to be recovered
within three years.
A deferred tax asset of \u00a313.6m (2024: \u00a312.1m) has been recognised in respect of trading losses. The trading losses were
incurred as a result of the Covid-19 pandemic and the subsequent cost-of-living crisis, together with the introduction in
March 2021 of the temporary enhanced capital allowances regime (the \u2018super-deduction tax break\u2019). Losses for which no
deferred tax asset has been recognised amount to \u00a35.2m (2024: \u00a316.1m), resulting in an unrecognised deferred tax asset
of \u00a31.3m (2024: \u00a34.0m) using a 25% tax rate. There is no time limit for utilising trade losses in the UK.
A deferred tax asset of \u00a31.4m (2024: \u00a33.1m) has arisen on accelerated capital allowances, whereby the tax written-down
value is higher than the net book value. No deferred tax asset has arisen on intangible assets (2024: \u00a3nil). Other deferred
tax assets of \u00a33.2m (2024: \u00a33.0m) include temporary differences on the accounting for the various share schemes and an
IFRS 16 adoption adjustment.
The deferred tax assets and liabilities have been measured using the rates expected to apply in the reporting periods
when the timing differences reverse.
There are no material uncertain tax provisions at 31 December 2025 (2024: \u00a3nil). However, judgement has necessarily been
applied in estimating the impact and timing of utilisation of capital allowances and tax losses which could give rise to
prior period adjustments in future years.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-424": { "value": "Deferred Tax
Accelerated
capital Intangible Share
allowances Losses assets schemes Other Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 January 2024
2.1
11.1
(0.3)
0.9
2.5
16.3
Recognised in the Consolidated Statement of
Comprehensive Income
1.0
1.0
0.3
\u2013
(0.4)
1.9
At 31 December 2024
3.1
12.1
\u2013
0.9
2.1
18.2
Recognised in the Consolidated Statement of
Comprehensive Income
(1.7)
1.5
\u2013
0.6
(0.4)
\u2013
At 31 December 2025
1.4
13.6
\u2013
1.5
1.7
18.2
Deferred tax assets are recognised in respect of those tax losses and other temporary differences only to the extent it is considered probable that the assets will be recoverable. This involves an assessment of when those assets are likely to be recovered, and a judgement as to whether or not there will be sufficient taxable profits available to offset the assets. In assessing the probability of recovery, the Directors reviewed the Group\u2019s three year plan that underpinned the going concern and viability assessment, and the goodwill and property, plant and equipment impairment testing. However, the cash flows, particularly in the outer years, were then risk-adjusted to reflect the uncertainty inherent to the future. Under the Base Case assumptions, forecast taxable profits over the planning period would support the recognition of a deferred tax asset of \u00a319.5m. However, forecast profits in the later years of the plan are inherently subject to greater estimation uncertainty, particularly in respect of mature membership levels, pricing and membership growth, margin performance and the pace of new site openings. In light of this uncertainty, the Directors have exercised judgement in limiting the recognised balance to \u00a318.2m, being the amount considered probable of recovery based on the weight of available evidence at the reporting date. The Directors have also considered reasonably possible downside assumptions as part of their broader forecasting and viability assessment process. Under those assumptions, the recoverable amount within the three year plan period would reduce by approximately \u00a31.7m. This sensitivity reflects reasonably possible changes in key assumptions at the reporting date. Any future reduction in the deferred tax asset is expected to arise primarily through the normal utilisation of tax losses against taxable profits rather than from a reassessment of recoverability. The Directors therefore believe that there is convincing evidence to support the recognition of deferred tax assets of \u00a318.2m (2024: \u00a318.2m) in the Group\u2019s balance sheet at 31 December 2025, which are forecast to be recovered within three years. A deferred tax asset of \u00a313.6m (2024: \u00a312.1m) has been recognised in respect of trading losses. The trading losses were incurred as a result of the Covid-19 pandemic and the subsequent cost-of-living crisis, together with the introduction in March 2021 of the temporary enhanced capital allowances regime (the \u2018super-deduction tax break\u2019). Losses for which no deferred tax asset has been recognised amount to \u00a35.2m (2024: \u00a316.1m), resulting in an unrecognised deferred tax asset of \u00a31.3m (2024: \u00a34.0m) using a 25% tax rate. There is no time limit for utilising trade losses in the UK. A deferred tax asset of \u00a31.4m (2024: \u00a33.1m) has arisen on accelerated capital allowances, whereby the tax written-down value is higher than the net book value. No deferred tax asset has arisen on intangible assets (2024: \u00a3nil). Other deferred tax assets of \u00a33.2m (2024: \u00a33.0m) include temporary differences on the accounting for the various share schemes and an IFRS 16 adoption adjustment. The deferred tax assets and liabilities have been measured using the rates expected to apply in the reporting periods when the timing differences reverse. There are no material uncertain tax provisions at 31 December 2025 (2024: \u00a3nil). However, judgement has necessarily been applied in estimating the impact and timing of utilisation of capital allowances and tax losses which could give rise to prior period adjustments in future years.", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-403": { "value": "Deferred Tax
Accelerated
capital Intangible Share
allowances Losses assets schemes Other Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 January 2024
2.1
11.1
(0.3)
0.9
2.5
16.3
Recognised in the Consolidated Statement of
Comprehensive Income
1.0
1.0
0.3
\u2013
(0.4)
1.9
At 31 December 2024
3.1
12.1
\u2013
0.9
2.1
18.2
Recognised in the Consolidated Statement of
Comprehensive Income
(1.7)
1.5
\u2013
0.6
(0.4)
\u2013
At 31 December 2025
1.4
13.6
\u2013
1.5
1.7
18.2
Deferred tax assets are recognised in respect of those tax losses and other temporary differences only to the extent it is considered probable that the assets will be recoverable. This involves an assessment of when those assets are likely to be recovered, and a judgement as to whether or not there will be sufficient taxable profits available to offset the assets. In assessing the probability of recovery, the Directors reviewed the Group\u2019s three year plan that underpinned the going concern and viability assessment, and the goodwill and property, plant and equipment impairment testing. However, the cash flows, particularly in the outer years, were then risk-adjusted to reflect the uncertainty inherent to the future. Under the Base Case assumptions, forecast taxable profits over the planning period would support the recognition of a deferred tax asset of \u00a319.5m. However, forecast profits in the later years of the plan are inherently subject to greater estimation uncertainty, particularly in respect of mature membership levels, pricing and membership growth, margin performance and the pace of new site openings. In light of this uncertainty, the Directors have exercised judgement in limiting the recognised balance to \u00a318.2m, being the amount considered probable of recovery based on the weight of available evidence at the reporting date. The Directors have also considered reasonably possible downside assumptions as part of their broader forecasting and viability assessment process. Under those assumptions, the recoverable amount within the three year plan period would reduce by approximately \u00a31.7m. This sensitivity reflects reasonably possible changes in key assumptions at the reporting date. Any future reduction in the deferred tax asset is expected to arise primarily through the normal utilisation of tax losses against taxable profits rather than from a reassessment of recoverability. The Directors therefore believe that there is convincing evidence to support the recognition of deferred tax assets of \u00a318.2m (2024: \u00a318.2m) in the Group\u2019s balance sheet at 31 December 2025, which are forecast to be recovered within three years. A deferred tax asset of \u00a313.6m (2024: \u00a312.1m) has been recognised in respect of trading losses. The trading losses were incurred as a result of the Covid-19 pandemic and the subsequent cost-of-living crisis, together with the introduction in March 2021 of the temporary enhanced capital allowances regime (the \u2018super-deduction tax break\u2019). Losses for which no deferred tax asset has been recognised amount to \u00a35.2m (2024: \u00a316.1m), resulting in an unrecognised deferred tax asset of \u00a31.3m (2024: \u00a34.0m) using a 25% tax rate. There is no time limit for utilising trade losses in the UK. A deferred tax asset of \u00a31.4m (2024: \u00a33.1m) has arisen on accelerated capital allowances, whereby the tax written-down value is higher than the net book value. No deferred tax asset has arisen on intangible assets (2024: \u00a3nil). Other deferred tax assets of \u00a33.2m (2024: \u00a33.0m) include temporary differences on the accounting for the various share schemes and an IFRS 16 adoption adjustment. The deferred tax assets and liabilities have been measured using the rates expected to apply in the reporting periods when the timing differences reverse. There are no material uncertain tax provisions at 31 December 2025 (2024: \u00a3nil). However, judgement has necessarily been applied in estimating the impact and timing of utilisation of capital allowances and tax losses which could give rise to prior period adjustments in future years.", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-368": { "value": "
11. Earnings Per Share
Basic earnings per share is calculated by dividing the profit attributable to equity shareholders by the weighted average
number of Ordinary shares outstanding during the year, excluding unvested shares held pursuant to The Gym Group plc\u2019s
share based long term incentive schemes (see Note 26).
Diluted earnings per share is calculated by adjusting the weighted average number of Ordinary shares outstanding to
assume conversion of all dilutive potential Ordinary shares. During the year ended 31 December 2025, the Group had
potentially dilutive shares in the form of share options and unvested shares issued pursuant to The Gym Group plc\u2019s share
based long term incentive schemes (see Note 26).
31 December 2025
31 December 2024
Profit (\u00a3m)
Profit for the year attributable to equity shareholders
7.4
4.4
Adjustment for non-underlying items
2.5
1.0
Adjusted profit for the year attributable to equity shareholders
9.9
5.4
Weighted average number of Ordinary shares for basic earnings per share
1
176,039,282
177,153,298
Effect of dilution from share options
10,045,438
7,503,376
Weighted average number of Ordinary shares adjusted for the effect of dilution
186,084,720
184,656,674
Earnings per share (p)
Basic earnings per share
4.2
2.5
Diluted earnings per share
4.0
2.4
Adjusted basic earnings per share
5.6
3.0
Adjusted diluted earnings per share
5.3
2.9
1 The weighted average number of Ordinary shares excludes the shares that are held by the EBT (see Note 25) as these are classified as Own shares reserve \u2013 EBT.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-404": { "value": "
12. Goodwill
The carrying value of goodwill at 31 December 2025 was \u00a381.8m (2024: \u00a381.8m). Goodwill is tested for impairment on an
annual basis, or more frequently if events or changes in circumstance indicate that the carrying value may be impaired.
The recoverable amount of goodwill has been determined based on a value-in-use calculation using cash flow projections
based on the Group\u2019s three year plan. Cash flows beyond this period have been extrapolated using an estimated growth
rate of 2.5% (2024: 3.0%). All cash flows have been discounted using a pre-tax discount rate of 11.0% (2024: 11.0%).
Membership growth, growth rates in subscription prices and increases applied to costs are the key assumptions included
within the Group\u2019s three year plan. These have been modelled based upon a mixture of historical experience and expected
future performance. The impact of any future openings has not been included in the assessment as they do not form
part of the existing assets. The performance of any gyms expected to close have been included within the calculation up
to the point of closure. In the years under review, management\u2019s value-in-use calculations have indicated no requirement
to impair and no reasonably possible change in key assumptions gives rise to an impairment. Further information on
impairment is provided in Note 3.
13. Intangible Assets
Computer
Assets software
under Customer and
construction list Contract licences Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
\u2013
3.0
0.9
24.7
28.6
Additions
\u2013
\u2013
\u2013
6.7
6.7
Transfers
\u2013
\u2013
\u2013
0.3
0.3
At 31 December 2024
\u2013
3.0
0.9
31.7
35.6
Additions
4.1
\u2013
\u2013
6.2
10.3
Disposals
\u2013
(2.7)
(0.2)
(7.1)
(10.0)
At 31 December 2025
4.1
0.3
0.7
30.8
35.9
Accumulated amortisation
At 1 January 2024
\u2013
(2.8)
(0.4)
(15.8)
(19.0)
Charge for the year
\u2013
(0.1)
\u2013
(6.1)
(6.2)
At 31 December 2024
\u2013
(2.9)
(0.4)
(21.9)
(25.2)
Charge for the year
\u2013
\u2013
(0.1)
(6.7)
(6.8)
Disposals
\u2013
2.7
0.2
7.1
10.0
At 31 December 2025
\u2013
(0.2)
(0.3)
(21.5)
(22.0)
Net book value
At 31 December 2024
\u2013
0.1
0.5
9.8
10.4
At 31 December 2025
4.1
0.1
0.4
9.3
13.9
The amortisation charge for customer lists and contracts of \u00a30.1m (2024: \u00a30.1m) has been recognised as non-underlying expenses in the Consolidated Statement of Comprehensive Income. Assets under construction relate to costs incurred to date on the implementation of the new member management and payment systems to replace legacy technology. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-369": { "value": "12. Goodwill The carrying value of goodwill at 31 December 2025 was \u00a381.8m (2024: \u00a381.8m). Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstance indicate that the carrying value may be impaired. The recoverable amount of goodwill has been determined based on a value-in-use calculation using cash flow projections based on the Group\u2019s three year plan. Cash flows beyond this period have been extrapolated using an estimated growth rate of 2.5% (2024: 3.0%). All cash flows have been discounted using a pre-tax discount rate of 11.0% (2024: 11.0%). Membership growth, growth rates in subscription prices and increases applied to costs are the key assumptions included within the Group\u2019s three year plan. These have been modelled based upon a mixture of historical experience and expected future performance. The impact of any future openings has not been included in the assessment as they do not form part of the existing assets. The performance of any gyms expected to close have been included within the calculation up to the point of closure. In the years under review, management\u2019s value-in-use calculations have indicated no requirement to impair and no reasonably possible change in key assumptions gives rise to an impairment. Further information on impairment is provided in Note 3. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-370": { "value": "
13. Intangible Assets
Computer
Assets software
under Customer and
construction list Contract licences Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
\u2013
3.0
0.9
24.7
28.6
Additions
\u2013
\u2013
\u2013
6.7
6.7
Transfers
\u2013
\u2013
\u2013
0.3
0.3
At 31 December 2024
\u2013
3.0
0.9
31.7
35.6
Additions
4.1
\u2013
\u2013
6.2
10.3
Disposals
\u2013
(2.7)
(0.2)
(7.1)
(10.0)
At 31 December 2025
4.1
0.3
0.7
30.8
35.9
Accumulated amortisation
At 1 January 2024
\u2013
(2.8)
(0.4)
(15.8)
(19.0)
Charge for the year
\u2013
(0.1)
\u2013
(6.1)
(6.2)
At 31 December 2024
\u2013
(2.9)
(0.4)
(21.9)
(25.2)
Charge for the year
\u2013
\u2013
(0.1)
(6.7)
(6.8)
Disposals
\u2013
2.7
0.2
7.1
10.0
At 31 December 2025
\u2013
(0.2)
(0.3)
(21.5)
(22.0)
Net book value
At 31 December 2024
\u2013
0.1
0.5
9.8
10.4
At 31 December 2025
4.1
0.1
0.4
9.3
13.9
The amortisation charge for customer lists and contracts of \u00a30.1m (2024: \u00a30.1m) has been recognised as non-underlying
expenses in the Consolidated Statement of Comprehensive Income.
Assets under construction relate to costs incurred to date on the implementation of the new member management and
payment systems to replace legacy technology.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-448": { "value": "13. Intangible Assets
Computer
Assets software
under Customer and
construction list Contract licences Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
\u2013
3.0
0.9
24.7
28.6
Additions
\u2013
\u2013
\u2013
6.7
6.7
Transfers
\u2013
\u2013
\u2013
0.3
0.3
At 31 December 2024
\u2013
3.0
0.9
31.7
35.6
Additions
4.1
\u2013
\u2013
6.2
10.3
Disposals
\u2013
(2.7)
(0.2)
(7.1)
(10.0)
At 31 December 2025
4.1
0.3
0.7
30.8
35.9
Accumulated amortisation
At 1 January 2024
\u2013
(2.8)
(0.4)
(15.8)
(19.0)
Charge for the year
\u2013
(0.1)
\u2013
(6.1)
(6.2)
At 31 December 2024
\u2013
(2.9)
(0.4)
(21.9)
(25.2)
Charge for the year
\u2013
\u2013
(0.1)
(6.7)
(6.8)
Disposals
\u2013
2.7
0.2
7.1
10.0
At 31 December 2025
\u2013
(0.2)
(0.3)
(21.5)
(22.0)
Net book value
At 31 December 2024
\u2013
0.1
0.5
9.8
10.4
At 31 December 2025
4.1
0.1
0.4
9.3
13.9
The amortisation charge for customer lists and contracts of \u00a30.1m (2024: \u00a30.1m) has been recognised as non-underlying expenses in the Consolidated Statement of Comprehensive Income. Assets under construction relate to costs incurred to date on the implementation of the new member management and payment systems to replace legacy technology. 14. Property, Plant and Equipment
Assets Leasehold Fixtures, Gym and
under improvements fittings and other Computer
construction \u00a3m equipment equipment equipment Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
1.8
251.2
11.9
94.3
6.3
365.5
Additions
0.9
23.4
0.3
9.0
1.5
35.1
Disposals
(0.2)
(1.8)
(0.1)
(11.7)
\u2013
(13.8)
Transfers
(1.6)
0.7
\u2013
0.6
\u2013
(0.3)
At 31 December 2024
0.9
273.5
12.1
92.2
7.8
386.5
Additions
1.1
32.9
0.6
10.6
1.0
46.2
Disposals
\u2013
(3.2)
(0.5)
(3.8)
(1.0)
(8.5)
Transfers
(0.8)
0.8
\u2013
\u2013
\u2013
\u2013
At 31 December 2025
1.2
304.0
12.2
99.0
7.8
424.2
Accumulated depreciation
At 1 January 2024
\u2013
(111.4)
(10.1)
(67.5)
(4.8)
(193.8)
Charge for the year
\u2013
(16.5)
(0.4)
(6.7)
(1.0)
(24.6)
Disposals
\u2013
1.6
0.1
11.7
\u2013
13.4
Transfers
\u2013
\u2013
\u2013
0.1
\u2013
0.1
Impairment
\u2013
(0.4)
\u2013
\u2013
\u2013
(0.4)
At 31 December 2024
\u2013
(126.7)
(10.4)
(62.4)
(5.8)
(205.3)
Charge for the year
\u2013
(17.4)
(0.4)
(5.5)
(1.1)
(24.4)
Disposals
\u2013
3.2
0.5
3.8
1.0
8.5
Impairment
\u2013
(0.2)
\u2013
\u2013
\u2013
(0.2)
At 31 December 2025
\u2013
(141.1)
(10.3)
(64.1)
(5.9)
(221.4)
Net book value
At 31 December 2024
0.9
146.8
1.7
29.8
2.0
181.2
At 31 December 2025
1.2
162.9
1.9
34.9
1.9
202.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-371": { "value": "
14. Property, Plant and Equipment
Assets Leasehold Fixtures, Gym and
under improvements fittings and other Computer
construction \u00a3m equipment equipment equipment Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
1.8
251.2
11.9
94.3
6.3
365.5
Additions
0.9
23.4
0.3
9.0
1.5
35.1
Disposals
(0.2)
(1.8)
(0.1)
(11.7)
\u2013
(13.8)
Transfers
(1.6)
0.7
\u2013
0.6
\u2013
(0.3)
At 31 December 2024
0.9
273.5
12.1
92.2
7.8
386.5
Additions
1.1
32.9
0.6
10.6
1.0
46.2
Disposals
\u2013
(3.2)
(0.5)
(3.8)
(1.0)
(8.5)
Transfers
(0.8)
0.8
\u2013
\u2013
\u2013
\u2013
At 31 December 2025
1.2
304.0
12.2
99.0
7.8
424.2
Accumulated depreciation
At 1 January 2024
\u2013
(111.4)
(10.1)
(67.5)
(4.8)
(193.8)
Charge for the year
\u2013
(16.5)
(0.4)
(6.7)
(1.0)
(24.6)
Disposals
\u2013
1.6
0.1
11.7
\u2013
13.4
Transfers
\u2013
\u2013
\u2013
0.1
\u2013
0.1
Impairment
\u2013
(0.4)
\u2013
\u2013
\u2013
(0.4)
At 31 December 2024
\u2013
(126.7)
(10.4)
(62.4)
(5.8)
(205.3)
Charge for the year
\u2013
(17.4)
(0.4)
(5.5)
(1.1)
(24.4)
Disposals
\u2013
3.2
0.5
3.8
1.0
8.5
Impairment
\u2013
(0.2)
\u2013
\u2013
\u2013
(0.2)
At 31 December 2025
\u2013
(141.1)
(10.3)
(64.1)
(5.9)
(221.4)
Net book value
At 31 December 2024
0.9
146.8
1.7
29.8
2.0
181.2
At 31 December 2025
1.2
162.9
1.9
34.9
1.9
202.8
Included within additions for the year is \u00a30.4m of capitalised interest (2024: \u00a30.4m) and a net movement of \u00a34.7m of
accrued capital expenditure (2024: \u00a35.5m).
Impairment test for property, plant and equipment, right-of-use assets and other intangible assets
The Group reviews the carrying value of property, plant and equipment, right-of-use assets and intangible assets
(excluding goodwill) for indicators of impairment annually, or more frequently if events or changes in circumstances
indicate that the carrying value may be impaired.
The recoverable amount of the Group\u2019s CGUs is typically based on value-in-use calculations. The value-in-use at 31
December 2025 was calculated using the discounted present value of each CGU\u2019s expected future cash flows using the
Group\u2019s three year plan as the basis. Membership growth, growth rates in subscription prices and increases applied to
costs are the key assumptions included when determining the expected future cash flows of each CGU. These have been
modelled based upon a mixture of historical experience and expected future performance. A pre-tax discount rate of
11.0% (2024: 11.0%) was used to calculate the present value.
During the year, a total impairment loss of \u00a30.8m (2024: \u00a30.4m) was recognised relating to four (2024: one) sites where the
projected future cash flows of the affected sites was less than the carrying amount. Of the impairment loss, \u00a30.2m (2024:
\u00a30.4m) was allocated against property, plant and equipment, and \u00a30.6m (2024: \u00a3nil) was allocated against right-of-use
assets. The total recoverable amount of the affected CGUs was \u00a31.3m (2024: \u00a31.8m).
The impairment loss was allocated to the assets of the CGU on a pro-rata basis to their carrying amount, subject to the
limitation that the carrying amount of an asset cannot be reduced below the highest of fair value less costs of disposal,
value-in-use or zero.
Under the downside scenario prepared for the going concern assessment, at the four sites impaired during the year, a
further impairment charge of \u00a30.4m (2024: \u00a3nil) would arise in relation to right-of-use assets.
In addition, a further impairment charge of \u00a30.9m at a further five sites (2024: \u00a3nil) would be recognised in relation to right-
of-use assets. No further impairment charge (2024: \u00a31.2m) would be recognised in relation to property, plant and equipment.
Further information on impairment is provided in Note 3.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-440": { "value": "Impairment test for property, plant and equipment, right-of-use assets and other intangible assets The Group reviews the carrying value of property, plant and equipment, right-of-use assets and intangible assets (excluding goodwill) for indicators of impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The recoverable amount of the Group\u2019s CGUs is typically based on value-in-use calculations. The value-in-use at 31 December 2025 was calculated using the discounted present value of each CGU\u2019s expected future cash flows using the Group\u2019s three year plan as the basis. Membership growth, growth rates in subscription prices and increases applied to costs are the key assumptions included when determining the expected future cash flows of each CGU. These have been modelled based upon a mixture of historical experience and expected future performance. A pre-tax discount rate of 11.0% (2024: 11.0%) was used to calculate the present value. During the year, a total impairment loss of \u00a30.8m (2024: \u00a30.4m) was recognised relating to four (2024: one) sites where the projected future cash flows of the affected sites was less than the carrying amount. Of the impairment loss, \u00a30.2m (2024: \u00a30.4m) was allocated against property, plant and equipment, and \u00a30.6m (2024: \u00a3nil) was allocated against right-of-use assets. The total recoverable amount of the affected CGUs was \u00a31.3m (2024: \u00a31.8m). The impairment loss was allocated to the assets of the CGU on a pro-rata basis to their carrying amount, subject to the limitation that the carrying amount of an asset cannot be reduced below the highest of fair value less costs of disposal, value-in-use or zero. Under the downside scenario prepared for the going concern assessment, at the four sites impaired during the year, a further impairment charge of \u00a30.4m (2024: \u00a3nil) would arise in relation to right-of-use assets. In addition, a further impairment charge of \u00a30.9m at a further five sites (2024: \u00a3nil) would be recognised in relation to right- of-use assets. No further impairment charge (2024: \u00a31.2m) would be recognised in relation to property, plant and equipment. Further information on impairment is provided in Note 3.", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-372": { "value": "
15. Right-of-Use Assets and Leases
The Group leases gym sites and its head office (\u2018Property leases\u2019) and also enters into hire purchase and lease
agreements for gym equipment (\u2018Non-property leases\u2019). Property leases are typically made for fixed periods of ten to 20
years but may have extension options as well. Non-property leases are typically made for fixed periods of three years.
Both property and non-property leases are recognised as a right-of-use asset with a corresponding liability at the date
at which the leased asset is available for use by the Group.
(i) Amounts Recognised in the Consolidated Statement of Financial Position
Property leases Non-property leases Total
\u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
434.3
18.3
452.6
Additions
32.0
0.2
32.2
Disposals
(2.5)
(0.1)
(2.6)
At 31 December 2024
463.8
18.4
482.2
Additions
36.8
\u2013
36.8
Disposals
(6.2)
\u2013
(6.2)
At 31 December 2025
494.4
18.4
512.8
Accumulated depreciation
At 1 January 2024
(170.4)
(4.1)
(174.5)
Charge for the year
(27.0)
(2.4)
(29.4)
Disposals
2.3
\u2013
2.3
Transfers
\u2013
(0.1)
(0.1)
At 31 December 2024
(195.1)
(6.6)
(201.7)
Charge for the year
(28.9)
(2.4)
(31.3)
Disposals
5.5
\u2013
5.5
Impairment
(0.6)
\u2013
(0.6)
At 31 December 2025
(219.1)
(9.0)
(228.1)
Net book value
At 31 December 2024
268.7
11.8
280.5
At 31 December 2025
275.3
9.4
284.7
During the year, a total impairment loss of \u00a30.8m (2024: \u00a30.4m) was recognised relating to four (2024: one) sites, of
which \u00a30.2m (2024: \u00a30.4m) was allocated against property, plant and equipment, and \u00a30.6m (2024: \u00a3nil) was allocated
against right-of-use assets. The total recoverable amount of the affected CGUs was \u00a31.3m (2024: \u00a31.8m). See Note 14 for
further disclosure.
The split of lease liabilities between current and non-current is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Current
26.7
27.6
Non-current
320.8
312.9
Total lease liabilities
347.5
340.5
The total cash outflow for leases in the year was \u00a345.3m (2024: \u00a345.7m). The maturity analysis of lease liabilities is
disclosed in Note 23.
(ii) Amounts Recognised in the Consolidated Statement of Comprehensive Income
The Consolidated Statement of Comprehensive Income shows the following amounts relating to leases:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Depreciation charge of right-of-use assets
31.3
29.4
Impairment of right-of-use assets
0.6
\u2013
Interest expense (included in finance cost)
16.4
15.5
There are no variable lease payments and no sublease income recognised in the Consolidated Statement of
Comprehensive Income.
(iii) Extension and Termination Options
The Group has recognised lease extension options contained within the lease in the calculation of right-of-use assets and
lease liabilities at inception of the lease if management is reasonably certain to exercise the option to extend the lease
beyond its contractual term. In all other cases, a lease extension is only recognised when a lease is extended beyond the
original contractual term.
During the year, the Group has recognised a termination option of one lease (2024: none) which is expected to be
exercised. This resulted in lease liabilities of \u00a30.9m being derecognised, with a corresponding \u00a30.7m disposal included
within disposals to the right-of-use assets in the table in Note 15 (i).
(iv) Non-Property Leases
At 31 December 2025, the Group had amounts outstanding in respect of non-property lease arrangements of \u00a30.3m (2024:
\u00a33.3m). These lease arrangements predominantly relate to the financing of the fit-out of gyms opened in 2022 and 2023.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-405": { "value": "15. Right-of-Use Assets and Leases The Group leases gym sites and its head office (\u2018Property leases\u2019) and also enters into hire purchase and lease agreements for gym equipment (\u2018Non-property leases\u2019). Property leases are typically made for fixed periods of ten to 20 years but may have extension options as well. Non-property leases are typically made for fixed periods of three years. Both property and non-property leases are recognised as a right-of-use asset with a corresponding liability at the date at which the leased asset is available for use by the Group. (i) Amounts Recognised in the Consolidated Statement of Financial Position
Property leases Non-property leases Total
\u00a3m \u00a3m \u00a3m
Cost
At 1 January 2024
434.3
18.3
452.6
Additions
32.0
0.2
32.2
Disposals
(2.5)
(0.1)
(2.6)
At 31 December 2024
463.8
18.4
482.2
Additions
36.8
\u2013
36.8
Disposals
(6.2)
\u2013
(6.2)
At 31 December 2025
494.4
18.4
512.8
Accumulated depreciation
At 1 January 2024
(170.4)
(4.1)
(174.5)
Charge for the year
(27.0)
(2.4)
(29.4)
Disposals
2.3
\u2013
2.3
Transfers
\u2013
(0.1)
(0.1)
At 31 December 2024
(195.1)
(6.6)
(201.7)
Charge for the year
(28.9)
(2.4)
(31.3)
Disposals
5.5
\u2013
5.5
Impairment
(0.6)
\u2013
(0.6)
At 31 December 2025
(219.1)
(9.0)
(228.1)
Net book value
At 31 December 2024
268.7
11.8
280.5
At 31 December 2025
275.3
9.4
284.7
During the year, a total impairment loss of \u00a30.8m (2024: \u00a30.4m) was recognised relating to four (2024: one) sites, of which \u00a30.2m (2024: \u00a30.4m) was allocated against property, plant and equipment, and \u00a30.6m (2024: \u00a3nil) was allocated against right-of-use assets. The total recoverable amount of the affected CGUs was \u00a31.3m (2024: \u00a31.8m). See Note 14 for further disclosure. The split of lease liabilities between current and non-current is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Current
26.7
27.6
Non-current
320.8
312.9
Total lease liabilities
347.5
340.5
The total cash outflow for leases in the year was \u00a345.3m (2024: \u00a345.7m). The maturity analysis of lease liabilities is disclosed in Note 23. (ii) Amounts Recognised in the Consolidated Statement of Comprehensive Income The Consolidated Statement of Comprehensive Income shows the following amounts relating to leases:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Depreciation charge of right-of-use assets
31.3
29.4
Impairment of right-of-use assets
0.6
\u2013
Interest expense (included in finance cost)
16.4
15.5
There are no variable lease payments and no sublease income recognised in the Consolidated Statement of Comprehensive Income. (iii) Extension and Termination Options The Group has recognised lease extension options contained within the lease in the calculation of right-of-use assets and lease liabilities at inception of the lease if management is reasonably certain to exercise the option to extend the lease beyond its contractual term. In all other cases, a lease extension is only recognised when a lease is extended beyond the original contractual term. During the year, the Group has recognised a termination option of one lease (2024: none) which is expected to be exercised. This resulted in lease liabilities of \u00a30.9m being derecognised, with a corresponding \u00a30.7m disposal included within disposals to the right-of-use assets in the table in Note 15 (i). (iv) Non-Property Leases At 31 December 2025, the Group had amounts outstanding in respect of non-property lease arrangements of \u00a30.3m (2024: \u00a33.3m). These lease arrangements predominantly relate to the financing of the fit-out of gyms opened in 2022 and 2023.", "dimensions": { "concept": "ifrs-full:DisclosureOfReconciliationOfChangesInPropertyPlantAndEquipmentIncludingRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-373": { "value": "
16. Investments in Financial Assets
On 3 February 2020, the Group purchased convertible loan notes in Fiit Limited for cash consideration of \u00a31.0m.
Conversion was originally expected to take place within two years of issue, giving the Group a small non-controlling stake
at a maximum valuation of \u00a31.25m. During 2022, a number of changes to the terms of the convertible loan notes were
agreed, including the extension of the date of conversion to 15 July 2023 and changes to the circumstances in which the
loan notes may be redeemed or converted. In July 2023, the date of conversion was further extended to 15 July 2025. On
12 August 2025, the loan notes were converted into equity. This conversion has given the Group a small non-controlling
stake in Fiit Limited.
These financial assets are measured at fair value through profit or loss and the carrying value at the end of the year was
\u00a31.0m (2024: \u00a31.0m).
This is a Level 3 valuation under the fair value hierarchy and was determined based on the performance of the business
post-acquisition against the business plan produced at the time of the investment. The business continues to build
strategic partnerships with a number of parties and is expected to continue to have adequate funding in place.
As such, the carrying amount is believed to appropriately reflect the fair value. The range of sensitivity in the valuation
at 31 December 2025 to reasonably possible changes in the assumptions used is not considered to be material.
20. Borrowings
The carrying value of the Group\u2019s bank borrowings at 31 December 2025 was \u00a362.2m (2024: \u00a361.3m) and the fair value was
\u00a362.0m (2024: \u00a361.0m).
During the first half of 2025, the Group had in place a combined \u00a390m Revolving Credit Facility (\u2018RCF\u2019) which was
syndicated to a three-lender panel of NatWest, HSBC and Barclays. The facility was due to mature in June 2027. On 12
June 2025, the Group agreed a one year extension to the existing bank facilities, as well as an increase in the available
RCF of \u00a312m. As a result, the Group now has in place a combined \u00a3102m facility, consisting of \u00a345m of Term Loan and
\u00a357m of RCF, which is due to mature in June 2028. All other terms remain unchanged.
Funds borrowed under the facility bear interest at a minimum annual rate of 2.75% (2024: 2.75%) above the Sterling
Overnight Index Average (\u2018SONIA\u2019); and undrawn funds bear interest at a minimum annual rate of 1.1% (2024: 1.1%). The
average interest rate paid in the year on drawn funds was 7.1% (2024: 8.2%).
The facility is subject to quarterly financial covenant tests on Adjusted Leverage and Fixed Charge Cover (both terms defined
on page 143). Adjusted Leverage must not exceed 3.0 times and the Fixed Charge Cover must be greater than 1.5 times.
At 31 December 2025, the Group had drawn down \u00a317.0m under the RCF (2024: \u00a316.0m) and \u00a345.0m under the Term Loan
(2024: \u00a345.0m), leaving \u00a340.0m (2024: \u00a329.0m) undrawn and available. The \u00a362.0m is repayable in June 2028. Adjusted
Leverage was 1.0 times (2024: 1.3 times) and Fixed Charge Cover was 2.1 times (2024: 1.9 times).
The Group\u2019s borrowings are held at amortised cost using the effective interest method. Each reporting period, the
Group reviews its cash flow forecasts and if these have changed since the previous reporting period (other than as a
result of changes in floating interest rates), the borrowings are remeasured using the original effective interest rate.
Any remeasurement of borrowings is treated as non-underlying and excluded from Adjusted Earnings.
21. Financing Liabilities
Changes in Liabilities Arising From Financing Activities
Non-property Property Total
Borrowings lease liabilities lease liabilities lease liabilities
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 January 2024
58.9
8.9
330.3
339.2
Repayments of interest and principal
(8.8)
(6.1)
(39.6)
(45.7)
Interest expense
5.4
0.5
15.0
15.5
Drawdowns
5.0
\u2013
\u2013
\u2013
New leases and modifications
\u2013
\u2013
31.5
31.5
Other
0.8
\u2013
\u2013
\u2013
At 31 December 2024
61.3
3.3
337.2
340.5
Repayments of interest and principal
(11.9)
(3.2)
(42.1)
(45.3)
Interest expense
4.9
0.2
16.2
16.4
Drawdowns
8.0
\u2013
\u2013
\u2013
New leases and modifications
\u2013
\u2013
36.8
36.8
Lease disposals
\u2013
\u2013
(0.9)
(0.9)
Other
(0.1)
\u2013
\u2013
\u2013
At 31 December 2025
62.2
0.3
347.2
347.5
Included in \u2018Other\u2019 is the effect of changes to amortised cost on borrowings using the effective interest rate method and
accrued interest.
23. Financial Instruments
Fair Values
With the exception of the Group\u2019s borrowings, the carrying value of financial assets and liabilities equal their fair
value. The carrying value of borrowings of \u00a362.2m (2024: \u00a361.3m) has a fair value of \u00a362.0m (2024: \u00a361.0m). After initial
recognition, borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are
recognised in profit and loss when the liabilities are derecognised.
The fair value of borrowings has been calculated by discounting the future cash flows at prevailing market interest rates.
The fair value of borrowings is categorised as Level 2, and all other financial assets at fair value through profit and loss
are categorised as Level 3.
Capital Risk Management
The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to
provide returns for shareholders and benefits for other stakeholders, and to maintain an optimal capital structure and
cost of capital. In order to maintain or adjust capital, the Group may adjust the amount of dividends paid to shareholders,
return capital to shareholders, issue new shares or sell assets to reduce debt.
Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as
Non-Property Net Debt divided by total capital. Non-Property Net Debt is calculated as bank borrowings and non-property
leases less cash and cash equivalents. The Directors believe that this measure of net debt best reflects the financial health of
the business. In addition, it is a key constituent of the Adjusted Leverage covenant included in the Group\u2019s banking agreement.
Total capital is calculated as equity as shown in the Consolidated Statement of Financial Position (excluding own shares
held, treasury shares and retained earnings).
The gearing ratio for the years under review are as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank borrowings
62.0
61.0
Non-property leases
0.3
3.3
Less: Cash and cash equivalents
(3.0)
(3.0)
Non-Property Net Debt
59.3
61.3
Equity
230.0
229.8
Total capital
289.3
291.1
Gearing ratio
20%
21%
Financial Risk Management
The Group has exposure to the following risks from its use of financial instruments:
y Market risk
y Liquidity risk
y Credit risk
This note presents information about the Group\u2019s exposure to each of the above risks, and the Group\u2019s objectives, policies
and procedures for measuring and managing risk. The Board of Directors has overall responsibility for the establishment
and oversight of the Group\u2019s risk management framework.
Market Risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in
market prices. The principal market risk affecting the Group is interest rate risk. Financial instruments affected by market
risk include borrowings, deposits and derivative financial instruments.
The sensitivity analysis in the following sections relates to the position as at 31 December 2025 and 2024. The analysis has
been prepared on the basis that the amount of net debt and the ratio of fixed to floating interest rates of the debt and
derivatives are all constant.
Interest Rate Risk
The Group is exposed to interest rate risk because the Group\u2019s long term debt obligations are at floating interest rates
based on GBP SONIA. The risk is sometimes managed by the Group through interest rate swap contracts and hedging
activities are evaluated regularly to align with interest rate views and defined risk appetite to ensure the most cost-
effective hedging strategies are applied. The Group has not entered into any derivatives in the current or prior period.
The Group is not expecting any reduction in interest rates over the next 12 months.
The impact on profit, and therefore equity, of a reasonably possible change in interest rates is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Change in interest rates of 0.5% (2024: 0.5%)
0.3
0.3
Liquidity Risk
Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. Ultimate
responsibility for liquidity risk management rests with the Board of Directors. The Group manages liquidity risk by
continuously monitoring forecast and actual cash flows; matching the maturity profiles of financial assets and
operational liabilities where possible and maintaining adequate cash reserves.
The table below summarises the maturity profile of the Group\u2019s financial liabilities:
31 December 2025
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
41.3
\u2013
\u2013
\u2013
41.3
Borrowings
4.2
4.1
64.9
\u2013
73.2
Lease liabilities
45.3
47.3
137.5
225.1
455.2
90.8
51.4
202.4
225.1
569.7
31 December 2024
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
31.5
\u2013
\u2013
\u2013
31.5
Borrowings
4.5
4.7
64.5
\u2013
73.7
Lease liabilities
45.0
43.7
126.2
224.1
439.0
81.0
48.4
190.7
224.1
544.2
The trade and other payables maturity profile in the above tables includes trade payables, accruals and other payables
as shown in Note 19.
Credit Risk
Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract,
leading to a financial loss. The Group is exposed to credit risk from its operating activities (primarily trade receivables)
and from its financing activities, including deposits with banks and financial institutions, and other financial instruments.
The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings assigned by
international credit-rating agencies.
Due to the nature of the business requiring customers to pay in advance, there is little concentration of risk in trade
receivables due to the limited value of trade receivables due from a large number of customers which are spread across
wide geographical areas. Trade receivable balances are written off when the balance is known not to be recoverable, and
expected credit losses are immaterial.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-425": { "value": "16. Investments in Financial Assets On 3 February 2020, the Group purchased convertible loan notes in Fiit Limited for cash consideration of \u00a31.0m. Conversion was originally expected to take place within two years of issue, giving the Group a small non-controlling stake at a maximum valuation of \u00a31.25m. During 2022, a number of changes to the terms of the convertible loan notes were agreed, including the extension of the date of conversion to 15 July 2023 and changes to the circumstances in which the loan notes may be redeemed or converted. In July 2023, the date of conversion was further extended to 15 July 2025. On 12 August 2025, the loan notes were converted into equity. This conversion has given the Group a small non-controlling stake in Fiit Limited. These financial assets are measured at fair value through profit or loss and the carrying value at the end of the year was \u00a31.0m (2024: \u00a31.0m). This is a Level 3 valuation under the fair value hierarchy and was determined based on the performance of the business post-acquisition against the business plan produced at the time of the investment. The business continues to build strategic partnerships with a number of parties and is expected to continue to have adequate funding in place. As such, the carrying amount is believed to appropriately reflect the fair value. The range of sensitivity in the valuation at 31 December 2025 to reasonably possible changes in the assumptions used is not considered to be material. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-406": { "value": "16. Investments in Financial Assets On 3 February 2020, the Group purchased convertible loan notes in Fiit Limited for cash consideration of \u00a31.0m. Conversion was originally expected to take place within two years of issue, giving the Group a small non-controlling stake at a maximum valuation of \u00a31.25m. During 2022, a number of changes to the terms of the convertible loan notes were agreed, including the extension of the date of conversion to 15 July 2023 and changes to the circumstances in which the loan notes may be redeemed or converted. In July 2023, the date of conversion was further extended to 15 July 2025. On 12 August 2025, the loan notes were converted into equity. This conversion has given the Group a small non-controlling stake in Fiit Limited. These financial assets are measured at fair value through profit or loss and the carrying value at the end of the year was \u00a31.0m (2024: \u00a31.0m). This is a Level 3 valuation under the fair value hierarchy and was determined based on the performance of the business post-acquisition against the business plan produced at the time of the investment. The business continues to build strategic partnerships with a number of parties and is expected to continue to have adequate funding in place. As such, the carrying amount is believed to appropriately reflect the fair value. The range of sensitivity in the valuation at 31 December 2025 to reasonably possible changes in the assumptions used is not considered to be material. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-374": { "value": "
17. Trade and Other Receivables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade receivables
1.0
1.0
Loss allowance
\u2013
(0.3)
1.0
0.7
Other receivables
0.2
0.3
Prepayments and accrued income
8.7
7.8
Trade and other receivables
9.9
8.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-449": { "value": "17. Trade and Other Receivables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade receivables
1.0
1.0
Loss allowance
\u2013
(0.3)
1.0
0.7
Other receivables
0.2
0.3
Prepayments and accrued income
8.7
7.8
Trade and other receivables
9.9
8.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-441": { "value": "17. Trade and Other Receivables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade receivables
1.0
1.0
Loss allowance
\u2013
(0.3)
1.0
0.7
Other receivables
0.2
0.3
Prepayments and accrued income
8.7
7.8
Trade and other receivables
9.9
8.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-426": { "value": "17. Trade and Other Receivables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade receivables
1.0
1.0
Loss allowance
\u2013
(0.3)
1.0
0.7
Other receivables
0.2
0.3
Prepayments and accrued income
8.7
7.8
Trade and other receivables
9.9
8.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-407": { "value": "17. Trade and Other Receivables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade receivables
1.0
1.0
Loss allowance
\u2013
(0.3)
1.0
0.7
Other receivables
0.2
0.3
Prepayments and accrued income
8.7
7.8
Trade and other receivables
9.9
8.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-375": { "value": "
18. Cash and Cash Equivalents
31 December 2025 31 December 2024
\u00a3m \u00a3m
Cash at bank
3.0
3.0
Cash and cash equivalents
3.0
3.0
Cash and cash equivalents earn interest at floating rates based on daily bank deposit rates. Short term deposits are
made for periods of one day and earn interest at the respective short term deposit rates.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-408": { "value": "18. Cash and Cash Equivalents
31 December 2025 31 December 2024
\u00a3m \u00a3m
Cash at bank
3.0
3.0
Cash and cash equivalents
3.0
3.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-376": { "value": "
19. Trade and Other Payables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade payables
11.0
9.4
Social security and other taxes
2.9
2.2
Accruals
30.1
21.9
Other payables
0.2
0.2
Contract liabilities (Note 5)
17.6
15.8
Trade and other payables
61.8
49.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-442": { "value": "19. Trade and Other Payables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade payables
11.0
9.4
Social security and other taxes
2.9
2.2
Accruals
30.1
21.9
Other payables
0.2
0.2
Contract liabilities (Note 5)
17.6
15.8
Trade and other payables
61.8
49.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-427": { "value": "19. Trade and Other Payables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade payables
11.0
9.4
Social security and other taxes
2.9
2.2
Accruals
30.1
21.9
Other payables
0.2
0.2
Contract liabilities (Note 5)
17.6
15.8
Trade and other payables
61.8
49.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-409": { "value": "19. Trade and Other Payables (due in less than one year)
31 December 2025 31 December 2024
\u00a3m \u00a3m
Trade payables
11.0
9.4
Social security and other taxes
2.9
2.2
Accruals
30.1
21.9
Other payables
0.2
0.2
Contract liabilities (Note 5)
17.6
15.8
Trade and other payables
61.8
49.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-428": { "value": "20. Borrowings The carrying value of the Group\u2019s bank borrowings at 31 December 2025 was \u00a362.2m (2024: \u00a361.3m) and the fair value was \u00a362.0m (2024: \u00a361.0m). During the first half of 2025, the Group had in place a combined \u00a390m Revolving Credit Facility (\u2018RCF\u2019) which was syndicated to a three-lender panel of NatWest, HSBC and Barclays. The facility was due to mature in June 2027. On 12 June 2025, the Group agreed a one year extension to the existing bank facilities, as well as an increase in the available RCF of \u00a312m. As a result, the Group now has in place a combined \u00a3102m facility, consisting of \u00a345m of Term Loan and \u00a357m of RCF, which is due to mature in June 2028. All other terms remain unchanged. Funds borrowed under the facility bear interest at a minimum annual rate of 2.75% (2024: 2.75%) above the Sterling Overnight Index Average (\u2018SONIA\u2019); and undrawn funds bear interest at a minimum annual rate of 1.1% (2024: 1.1%). The average interest rate paid in the year on drawn funds was 7.1% (2024: 8.2%). The facility is subject to quarterly financial covenant tests on Adjusted Leverage and Fixed Charge Cover (both terms defined on page 143). Adjusted Leverage must not exceed 3.0 times and the Fixed Charge Cover must be greater than 1.5 times. At 31 December 2025, the Group had drawn down \u00a317.0m under the RCF (2024: \u00a316.0m) and \u00a345.0m under the Term Loan (2024: \u00a345.0m), leaving \u00a340.0m (2024: \u00a329.0m) undrawn and available. The \u00a362.0m is repayable in June 2028. Adjusted Leverage was 1.0 times (2024: 1.3 times) and Fixed Charge Cover was 2.1 times (2024: 1.9 times). The Group\u2019s borrowings are held at amortised cost using the effective interest method. Each reporting period, the Group reviews its cash flow forecasts and if these have changed since the previous reporting period (other than as a result of changes in floating interest rates), the borrowings are remeasured using the original effective interest rate. Any remeasurement of borrowings is treated as non-underlying and excluded from Adjusted Earnings. 21. Financing Liabilities Changes in Liabilities Arising From Financing Activities
Non-property Property Total
Borrowings lease liabilities lease liabilities lease liabilities
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 January 2024
58.9
8.9
330.3
339.2
Repayments of interest and principal
(8.8)
(6.1)
(39.6)
(45.7)
Interest expense
5.4
0.5
15.0
15.5
Drawdowns
5.0
\u2013
\u2013
\u2013
New leases and modifications
\u2013
\u2013
31.5
31.5
Other
0.8
\u2013
\u2013
\u2013
At 31 December 2024
61.3
3.3
337.2
340.5
Repayments of interest and principal
(11.9)
(3.2)
(42.1)
(45.3)
Interest expense
4.9
0.2
16.2
16.4
Drawdowns
8.0
\u2013
\u2013
\u2013
New leases and modifications
\u2013
\u2013
36.8
36.8
Lease disposals
\u2013
\u2013
(0.9)
(0.9)
Other
(0.1)
\u2013
\u2013
\u2013
At 31 December 2025
62.2
0.3
347.2
347.5
Included in \u2018Other\u2019 is the effect of changes to amortised cost on borrowings using the effective interest rate method and accrued interest. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-410": { "value": "20. Borrowings The carrying value of the Group\u2019s bank borrowings at 31 December 2025 was \u00a362.2m (2024: \u00a361.3m) and the fair value was \u00a362.0m (2024: \u00a361.0m). During the first half of 2025, the Group had in place a combined \u00a390m Revolving Credit Facility (\u2018RCF\u2019) which was syndicated to a three-lender panel of NatWest, HSBC and Barclays. The facility was due to mature in June 2027. On 12 June 2025, the Group agreed a one year extension to the existing bank facilities, as well as an increase in the available RCF of \u00a312m. As a result, the Group now has in place a combined \u00a3102m facility, consisting of \u00a345m of Term Loan and \u00a357m of RCF, which is due to mature in June 2028. All other terms remain unchanged. Funds borrowed under the facility bear interest at a minimum annual rate of 2.75% (2024: 2.75%) above the Sterling Overnight Index Average (\u2018SONIA\u2019); and undrawn funds bear interest at a minimum annual rate of 1.1% (2024: 1.1%). The average interest rate paid in the year on drawn funds was 7.1% (2024: 8.2%). The facility is subject to quarterly financial covenant tests on Adjusted Leverage and Fixed Charge Cover (both terms defined on page 143). Adjusted Leverage must not exceed 3.0 times and the Fixed Charge Cover must be greater than 1.5 times. At 31 December 2025, the Group had drawn down \u00a317.0m under the RCF (2024: \u00a316.0m) and \u00a345.0m under the Term Loan (2024: \u00a345.0m), leaving \u00a340.0m (2024: \u00a329.0m) undrawn and available. The \u00a362.0m is repayable in June 2028. Adjusted Leverage was 1.0 times (2024: 1.3 times) and Fixed Charge Cover was 2.1 times (2024: 1.9 times). The Group\u2019s borrowings are held at amortised cost using the effective interest method. Each reporting period, the Group reviews its cash flow forecasts and if these have changed since the previous reporting period (other than as a result of changes in floating interest rates), the borrowings are remeasured using the original effective interest rate. Any remeasurement of borrowings is treated as non-underlying and excluded from Adjusted Earnings. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-377": { "value": "
22. Dilapidations Provision
Total
\u00a3m
At 1 January 2025
2.7
New provisions
0.1
Release of provisions
(0.1)
At 31 December 2025
2.7
Due in less than one year
0.4
Due in more than one year
2.3
At 31 December 2025
2.7
A dilapidations provision is recognised when there is a present obligation relating to the maintenance of leasehold
properties. The provision is based on management\u2019s best estimate of meeting this obligation, but the amount and
timing of this are uncertain. Any difference between expectations and the actual future liability will be accounted for
in the period when such determination is made. Management has determined that the likelihood of a liability arising
is not probable in relation to 214 of the Group\u2019s 260 gym sites as at 31 December 2025 (2024: 203 of 245) as the Group
enjoys security of tenure as tenant and therefore is unlikely to give up a site where it is trading profitably. Sites are also
maintained and any damage is repaired as it arises. If circumstances indicate otherwise, the Group will recognise an
appropriate provision.
Subject to a new lease not being negotiated to extend the current lease term, dilapidations would become payable
between 2026 and 2040 (2024: 2025 and 2040) with \u00a30.9m (2024: \u00a31.0m) expected to crystallise in the next five years,
\u00a30.9m (2024: \u00a30.9m) crystallising in between five and ten years, and the remainder crystallising in more than ten years.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-443": { "value": "22. Dilapidations Provision
Total
\u00a3m
At 1 January 2025
2.7
New provisions
0.1
Release of provisions
(0.1)
At 31 December 2025
2.7
Due in less than one year
0.4
Due in more than one year
2.3
At 31 December 2025
2.7
A dilapidations provision is recognised when there is a present obligation relating to the maintenance of leasehold properties. The provision is based on management\u2019s best estimate of meeting this obligation, but the amount and timing of this are uncertain. Any difference between expectations and the actual future liability will be accounted for in the period when such determination is made. Management has determined that the likelihood of a liability arising is not probable in relation to 214 of the Group\u2019s 260 gym sites as at 31 December 2025 (2024: 203 of 245) as the Group enjoys security of tenure as tenant and therefore is unlikely to give up a site where it is trading profitably. Sites are also maintained and any damage is repaired as it arises. If circumstances indicate otherwise, the Group will recognise an appropriate provision. Subject to a new lease not being negotiated to extend the current lease term, dilapidations would become payable between 2026 and 2040 (2024: 2025 and 2040) with \u00a30.9m (2024: \u00a31.0m) expected to crystallise in the next five years, \u00a30.9m (2024: \u00a30.9m) crystallising in between five and ten years, and the remainder crystallising in more than ten years. 27. Commitments and Contingencies The Group had \u00a33.0m of commitments that were contracted but not provided as at 31 December 2025 relating to contracts for the fit-out of new gyms where works have not yet commenced (2024: \u00a35.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-429": { "value": "Fair Values With the exception of the Group\u2019s borrowings, the carrying value of financial assets and liabilities equal their fair value. The carrying value of borrowings of \u00a362.2m (2024: \u00a361.3m) has a fair value of \u00a362.0m (2024: \u00a361.0m). After initial recognition, borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit and loss when the liabilities are derecognised. The fair value of borrowings has been calculated by discounting the future cash flows at prevailing market interest rates. The fair value of borrowings is categorised as Level 2, and all other financial assets at fair value through profit and loss are categorised as Level 3. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-411": { "value": "Fair Values With the exception of the Group\u2019s borrowings, the carrying value of financial assets and liabilities equal their fair value. The carrying value of borrowings of \u00a362.2m (2024: \u00a361.3m) has a fair value of \u00a362.0m (2024: \u00a361.0m). After initial recognition, borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit and loss when the liabilities are derecognised. The fair value of borrowings has been calculated by discounting the future cash flows at prevailing market interest rates. The fair value of borrowings is categorised as Level 2, and all other financial assets at fair value through profit and loss are categorised as Level 3. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-430": { "value": "Capital Risk Management The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders and benefits for other stakeholders, and to maintain an optimal capital structure and cost of capital. In order to maintain or adjust capital, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as Non-Property Net Debt divided by total capital. Non-Property Net Debt is calculated as bank borrowings and non-property leases less cash and cash equivalents. The Directors believe that this measure of net debt best reflects the financial health of the business. In addition, it is a key constituent of the Adjusted Leverage covenant included in the Group\u2019s banking agreement. Total capital is calculated as equity as shown in the Consolidated Statement of Financial Position (excluding own shares held, treasury shares and retained earnings). The gearing ratio for the years under review are as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank borrowings
62.0
61.0
Non-property leases
0.3
3.3
Less: Cash and cash equivalents
(3.0)
(3.0)
Non-Property Net Debt
59.3
61.3
Equity
230.0
229.8
Total capital
289.3
291.1
Gearing ratio
20%
21%
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-412": { "value": "Capital Risk Management The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders and benefits for other stakeholders, and to maintain an optimal capital structure and cost of capital. In order to maintain or adjust capital, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as Non-Property Net Debt divided by total capital. Non-Property Net Debt is calculated as bank borrowings and non-property leases less cash and cash equivalents. The Directors believe that this measure of net debt best reflects the financial health of the business. In addition, it is a key constituent of the Adjusted Leverage covenant included in the Group\u2019s banking agreement. Total capital is calculated as equity as shown in the Consolidated Statement of Financial Position (excluding own shares held, treasury shares and retained earnings). The gearing ratio for the years under review are as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Bank borrowings
62.0
61.0
Non-property leases
0.3
3.3
Less: Cash and cash equivalents
(3.0)
(3.0)
Non-Property Net Debt
59.3
61.3
Equity
230.0
229.8
Total capital
289.3
291.1
Gearing ratio
20%
21%
Financial Risk Management The Group has exposure to the following risks from its use of financial instruments: y Market risk y Liquidity risk y Credit risk This note presents information about the Group\u2019s exposure to each of the above risks, and the Group\u2019s objectives, policies and procedures for measuring and managing risk. The Board of Directors has overall responsibility for the establishment and oversight of the Group\u2019s risk management framework. Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. The principal market risk affecting the Group is interest rate risk. Financial instruments affected by market risk include borrowings, deposits and derivative financial instruments. The sensitivity analysis in the following sections relates to the position as at 31 December 2025 and 2024. The analysis has been prepared on the basis that the amount of net debt and the ratio of fixed to floating interest rates of the debt and derivatives are all constant. Interest Rate Risk The Group is exposed to interest rate risk because the Group\u2019s long term debt obligations are at floating interest rates based on GBP SONIA. The risk is sometimes managed by the Group through interest rate swap contracts and hedging activities are evaluated regularly to align with interest rate views and defined risk appetite to ensure the most cost- effective hedging strategies are applied. The Group has not entered into any derivatives in the current or prior period. The Group is not expecting any reduction in interest rates over the next 12 months. The impact on profit, and therefore equity, of a reasonably possible change in interest rates is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Change in interest rates of 0.5% (2024: 0.5%)
0.3
0.3
Liquidity Risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. Ultimate responsibility for liquidity risk management rests with the Board of Directors. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows; matching the maturity profiles of financial assets and operational liabilities where possible and maintaining adequate cash reserves. The table below summarises the maturity profile of the Group\u2019s financial liabilities:
31 December 2025
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
41.3
\u2013
\u2013
\u2013
41.3
Borrowings
4.2
4.1
64.9
\u2013
73.2
Lease liabilities
45.3
47.3
137.5
225.1
455.2
90.8
51.4
202.4
225.1
569.7
31 December 2024
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
31.5
\u2013
\u2013
\u2013
31.5
Borrowings
4.5
4.7
64.5
\u2013
73.7
Lease liabilities
45.0
43.7
126.2
224.1
439.0
81.0
48.4
190.7
224.1
544.2
The trade and other payables maturity profile in the above tables includes trade payables, accruals and other payables as shown in Note 19. Credit Risk Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Group is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions, and other financial instruments. The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings assigned by international credit-rating agencies. Due to the nature of the business requiring customers to pay in advance, there is little concentration of risk in trade receivables due to the limited value of trade receivables due from a large number of customers which are spread across wide geographical areas. Trade receivable balances are written off when the balance is known not to be recoverable, and expected credit losses are immaterial.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-431": { "value": "Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. The principal market risk affecting the Group is interest rate risk. Financial instruments affected by market risk include borrowings, deposits and derivative financial instruments. The sensitivity analysis in the following sections relates to the position as at 31 December 2025 and 2024. The analysis has been prepared on the basis that the amount of net debt and the ratio of fixed to floating interest rates of the debt and derivatives are all constant. Interest Rate Risk The Group is exposed to interest rate risk because the Group\u2019s long term debt obligations are at floating interest rates based on GBP SONIA. The risk is sometimes managed by the Group through interest rate swap contracts and hedging activities are evaluated regularly to align with interest rate views and defined risk appetite to ensure the most cost- effective hedging strategies are applied. The Group has not entered into any derivatives in the current or prior period. The Group is not expecting any reduction in interest rates over the next 12 months. The impact on profit, and therefore equity, of a reasonably possible change in interest rates is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Change in interest rates of 0.5% (2024: 0.5%)
0.3
0.3
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-444": { "value": "The impact on profit, and therefore equity, of a reasonably possible change in interest rates is as follows:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Change in interest rates of 0.5% (2024: 0.5%)
0.3
0.3
", "dimensions": { "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-432": { "value": "Liquidity Risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. Ultimate responsibility for liquidity risk management rests with the Board of Directors. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows; matching the maturity profiles of financial assets and operational liabilities where possible and maintaining adequate cash reserves. The table below summarises the maturity profile of the Group\u2019s financial liabilities:
31 December 2025
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
41.3
\u2013
\u2013
\u2013
41.3
Borrowings
4.2
4.1
64.9
\u2013
73.2
Lease liabilities
45.3
47.3
137.5
225.1
455.2
90.8
51.4
202.4
225.1
569.7
31 December 2024
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
31.5
\u2013
\u2013
\u2013
31.5
Borrowings
4.5
4.7
64.5
\u2013
73.7
Lease liabilities
45.0
43.7
126.2
224.1
439.0
81.0
48.4
190.7
224.1
544.2
The trade and other payables maturity profile in the above tables includes trade payables, accruals and other payables as shown in Note 19. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-450": { "value": "The table below summarises the maturity profile of the Group\u2019s financial liabilities:
31 December 2025
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
41.3
\u2013
\u2013
\u2013
41.3
Borrowings
4.2
4.1
64.9
\u2013
73.2
Lease liabilities
45.3
47.3
137.5
225.1
455.2
90.8
51.4
202.4
225.1
569.7
31 December 2024
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
31.5
\u2013
\u2013
\u2013
31.5
Borrowings
4.5
4.7
64.5
\u2013
73.7
Lease liabilities
45.0
43.7
126.2
224.1
439.0
81.0
48.4
190.7
224.1
544.2
The trade and other payables maturity profile in the above tables includes trade payables, accruals and other payables as shown in Note 19. ", "dimensions": { "concept": "ifrs-full:MaturityAnalysisForDerivativeFinancialLiabilities", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-445": { "value": "The table below summarises the maturity profile of the Group\u2019s financial liabilities:
31 December 2025
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
41.3
\u2013
\u2013
\u2013
41.3
Borrowings
4.2
4.1
64.9
\u2013
73.2
Lease liabilities
45.3
47.3
137.5
225.1
455.2
90.8
51.4
202.4
225.1
569.7
31 December 2024
Within More than
1 year 1 to 2 years 2 to 5 years 5 years Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Trade and other payables
31.5
\u2013
\u2013
\u2013
31.5
Borrowings
4.5
4.7
64.5
\u2013
73.7
Lease liabilities
45.0
43.7
126.2
224.1
439.0
81.0
48.4
190.7
224.1
544.2
The trade and other payables maturity profile in the above tables includes trade payables, accruals and other payables as shown in Note 19. ", "dimensions": { "concept": "ifrs-full:MaturityAnalysisForNonderivativeFinancialLiabilities", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-433": { "value": "Credit Risk Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Group is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions, and other financial instruments. The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings assigned by international credit-rating agencies. Due to the nature of the business requiring customers to pay in advance, there is little concentration of risk in trade receivables due to the limited value of trade receivables due from a large number of customers which are spread across wide geographical areas. Trade receivable balances are written off when the balance is known not to be recoverable, and expected credit losses are immaterial.", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-378": { "value": "
24. Net Cash Inflow from Operating Activities
The Directors believe that Free Cash Flow is the measure that best reflects the amount of cash available to the Group for
investing in new sites and technology, and for enhancing existing sites. As such, Free Cash Flow is included within the Key
Performance Indicators section of the Annual Report and Accounts 2025, and referenced in both the Financial Review and
Going Concern note. A reconciliation of Net Cash Inflow from Operating Activities to Free Cash Flow is included below.
Reconciliation of Net Cash Inflow from Operating Activities to Free Cash Flow
31 December 2025 31 December 2024
\u00a3m \u00a3m
Net Cash Inflow from Operating Activities
102.3
95.1
Less: Property lease payments made (Note 21)
(42.1)
(39.6)
Less: Maintenance capital expenditure*
(17.3)
(14.8)
Less: Bank and non-property lease interest paid
(5.1)
(6.3)
Add: Bank interest received
0.5
0.5
Free Cash Flow*
38.3
34.9
* Free Cash Flow for FY24 has been restated to reallocate \u00a32.6m of Technology and Data spend from Expansionary Capital Expenditure to Maintenance Capital
Expenditure to bring it into line with the presentation of Technology and Data spend in FY25.
", "dimensions": { "concept": "thegymgroupplc:DisclosureOfFreeCashflowDescribedAsAdjustedEBITDALessNormalisedRentWorkingCapitalMaintenceCapitalExpenditureCashNonUnderlyingItemsBankAndNonPropertyInterestAndTax", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-379": { "value": "
25. Issued Share Capital and Reserves
31 December 2025 31 December 2024
\u00a3m \u00a3m
Allotted, called up and fully paid
Ordinary shares of \u00a30.0001 each
Own shares held
\u2013
\u2013
Deferred Ordinary shares of \u00a31 each
0.1
0.1
The number of Ordinary shares in issue is as follows:
31 December 2025
31 December 2024
Ordinary shares of \u00a30.0001 each
179,622,261
179,287,837
Deferred Ordinary shares of \u00a31 each
48,050
48,050
In January 2024, the Group established an Employee Benefit Trust (\u2018EBT\u2019) to purchase shares in order to minimise dilution
associated with the share based payments. As the sponsoring entity of the EBT, the EBT has been accounted for as an
extension of the Group in the Group\u2019s consolidated financial statements. During the year ended 31 December 2025, the
EBT purchased 1,433,184 shares (2024: 2,834,928) at a cost of \u00a32.0m (2024: \u00a33.5m). As at 31 December 2025, the EBT held
3,659,556 shares (2024: 2,479,863) at a value of \u00a34.6m (2024: \u00a33.0m).
In addition to the above, 686,529 Ordinary shares of \u00a30.0001 each are held by a separate employee trust (2024: 627,962).
This trust is linked to the share incentive plan offered to employees of the Group. The Group has no control over this trust.
The shares held by the EBT and the separate employee trust are included within the Ordinary shares in issue disclosed in
the table above.
The following describes the nature and purpose of each reserve in equity:
Own Shares Held
These reserves represent 48,050 Deferred Ordinary shares of \u00a31 each repurchased by the Group on 12 November 2015.
The Deferred Ordinary shares constitute a separate, non-voting class of shares which is held in treasury and not admitted
to trading. The rights attached to the Deferred Shares are set out in the Parent Company\u2019s Articles.
Share Premium
The amount subscribed for share capital in excess of nominal value.
Own Shares Reserve \u2013 EBT
The value of shares that are held by the EBT, which will be used to settle share based payments transactions.
Merger Reserve
The amount subscribed for share capital in excess of nominal value attracting merger relief under the Companies Act 2006.
Retained Deficit
The accumulated net losses of the Group since inception.
Issued Share Capital and Capital Redemption Reserve are not included in the Consolidated Statement of Changes in
Equity because the balances in these reserves are less than \u00a30.1m.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-413": { "value": "
31 December 2025 31 December 2024
\u00a3m \u00a3m
Allotted, called up and fully paid
Ordinary shares of \u00a30.0001 each
Own shares held
\u2013
\u2013
Deferred Ordinary shares of \u00a31 each
0.1
0.1
The number of Ordinary shares in issue is as follows:
31 December 2025
31 December 2024
Ordinary shares of \u00a30.0001 each
179,622,261
179,287,837
Deferred Ordinary shares of \u00a31 each
48,050
48,050
In January 2024, the Group established an Employee Benefit Trust (\u2018EBT\u2019) to purchase shares in order to minimise dilution associated with the share based payments. As the sponsoring entity of the EBT, the EBT has been accounted for as an extension of the Group in the Group\u2019s consolidated financial statements. During the year ended 31 December 2025, the EBT purchased 1,433,184 shares (2024: 2,834,928) at a cost of \u00a32.0m (2024: \u00a33.5m). As at 31 December 2025, the EBT held 3,659,556 shares (2024: 2,479,863) at a value of \u00a34.6m (2024: \u00a33.0m). In addition to the above, 686,529 Ordinary shares of \u00a30.0001 each are held by a separate employee trust (2024: 627,962). This trust is linked to the share incentive plan offered to employees of the Group. The Group has no control over this trust. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-414": { "value": "The shares held by the EBT and the separate employee trust are included within the Ordinary shares in issue disclosed in the table above. The following describes the nature and purpose of each reserve in equity: Own Shares Held These reserves represent 48,050 Deferred Ordinary shares of \u00a31 each repurchased by the Group on 12 November 2015. The Deferred Ordinary shares constitute a separate, non-voting class of shares which is held in treasury and not admitted to trading. The rights attached to the Deferred Shares are set out in the Parent Company\u2019s Articles. Share Premium The amount subscribed for share capital in excess of nominal value. Own Shares Reserve \u2013 EBT The value of shares that are held by the EBT, which will be used to settle share based payments transactions. Merger Reserve The amount subscribed for share capital in excess of nominal value attracting merger relief under the Companies Act 2006. Retained Deficit The accumulated net losses of the Group since inception. Issued Share Capital and Capital Redemption Reserve are not included in the Consolidated Statement of Changes in Equity because the balances in these reserves are less than \u00a30.1m.", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-434": { "value": "Own Shares Held These reserves represent 48,050 Deferred Ordinary shares of \u00a31 each repurchased by the Group on 12 November 2015. The Deferred Ordinary shares constitute a separate, non-voting class of shares which is held in treasury and not admitted to trading. The rights attached to the Deferred Shares are set out in the Parent Company\u2019s Articles. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-380": { "value": "
26. Share Based Payments
The Group had the following equity-settled share based payment arrangements in operation during the year:
a) The Gym Group plc Incentive Plan (\u2018TGG Incentive Plan\u2019)
b) The Gym Group plc Performance Share Plan (\u2018PSP\u2019)
c) The Gym Group plc Share Incentive Plan \u2013 Free shares (\u2018SIP \u2013 Free Shares\u2019)
d) The Gym Group plc Share Incentive Plan \u2013 Matching shares (\u2018SIP\u2019)
e) The Gym Group plc Savings Related Share Option Scheme (\u2018SAYE\u2019)
In accordance with IFRS 2 Share Based Payment, the value of the awards is measured at fair value at the date of the
grant. The fair value is expensed on a straight-line basis over the vesting period, based on management\u2019s estimate of
the number of shares that will eventually vest. The Group recognised a total charge of \u00a34.7m (2024: \u00a32.9m) in respect of
the Group\u2019s share based payment arrangements. There was a charge of \u00a30.8m related to employer\u2019s national insurance
(2024: \u00a30.5m).
A summary of the movements in each scheme is outlined below:
31 December 2025
Outstanding Lapsed/
Outstanding
at Granted cancelled Exercised
at
Exercisable at
1 January during during during
31 December
31 December
Scheme Type 2025 the year the year
the year
2025
2025
Performance Related Plans (a and b)
5,576,228
2,964,804
(421,932)
(15,662)
1
8,103,438
176,235
Share Incentive Plan \u2013 Free shares (c)
9,525
\u2013
\u2013
(762)
2
8,763
8,763
Share Incentive Plan \u2013 Matching shares (d)
309,291
83,869
(20,423)
(29,390)
3
343,347
118,521
Service Related Plans (b)
4,043,620
1,273,278
(51,524)
(412,881)
4
4,852,493
917,944
Long Service Awards (b)
2,500
5,000
\u2013
(2,500)
5
5,000
\u2013
Save as You Earn (e)
1,125,189
318,916
(145,678)
(244,691)
6
1,053,736
263,785
11,066,353
4,645,867
(639,557)
(705,886)
14,366,777
1,485,248
1 The weighted average share price at the date of exercise of these options was \u00a31.39.
2 The weighted average share price at the date of exercise of these options was \u00a31.37.
3 The weighted average share price at the date of exercise of these options was \u00a31.44.
4 The weighted average share price at the date of exercise of these options was \u00a31.44.
5 The weighted average share price at the date of exercise of these options was \u00a31.55.
6 The weighted average share price at the date of exercise of these options was \u00a31.41.
31 December 2024
Outstanding Lapsed/
Outstanding
at Granted cancelled Exercised
at
Exercisable at
1 January during during during
31 December
31 December
Scheme Type 2024 the year the year
the year
2024
2024
Performance Related Plans (a and b)
4,052,963
2,804,981
(1,076,142)
(205,574)
1
5,576,228
169,726
Share Incentive Plan \u2013 Free shares (c)
14,367
\u2013
(1,413)
(3,429)
2
9,525
9,525
Share Incentive Plan \u2013 Matching shares (d)
274,534
84,668
(33,716)
(16,195)
3
309,291
101,136
Service Related Plans (b)
3,388,244
1,782,726
(331,108)
(796,242)
4
4,043,620
539,705
Long Service Awards (b)
1,500
2,500
\u2013
(1,500)
5
2,500
\u2013
Save as You Earn (e)
1,424,361
166,486
(314,668)
(150,990)
6
1,125,189
13,187
9,155,969
4,841,361
(1,757,047)
(1,173,930)
11,066,353
833,279
1 The weighted average share price at the date of exercise of these options was \u00a31.12.
2 The weighted average share price at the date of exercise of these options was \u00a31.31.
3 The weighted average share price at the date of exercise of these options was \u00a31.36.
4 The weighted average share price at the date of exercise of these options was \u00a31.35.
5 The weighted average share price at the date of exercise of these options was \u00a31.53.
6 The weighted average share price at the date of exercise of these options was \u00a31.21.
The exercise price of all options under the schemes held during the year is 0.01p (2024: 0.01p), with the exception of
the SAYE scheme where the exercise price ranges between 93p and 128p (2024: 93p and 236p). 1,221,463 options were
exercisable under the TGG Incentive Plan, PSP, and SIP schemes as at 31 December 2025 (2024: 820,092) and 263,785
options were exercisable under the SAYE scheme (2024: 13,187). No other options were exercisable as at 31 December 2025
(2024: none).
In the case of the Performance Related Plans and Service Related Plans, when exercised, the Group is required to withhold
an amount in respect of the participating employee\u2019s tax obligation associated with these share based payments
and transfer it to the tax authority on behalf of the employee. To fulfil this obligation, the Group withholds the number
of equity instruments equal to the monetary value of the employee\u2019s tax obligation from the total number of equity
instruments that otherwise would have been issued to the employee upon exercise of these share based payments
(referred to as \u2018net settlement\u2019). The estimated future payments to the tax authority over the next five years in respect
of these schemes at 31 December 2025 is \u00a37.5m. This has been estimated based on the number of equity instruments
expected to vest, multiplied by the share price at 31 December 2025, multiplied by the average tax rate of 45%.
During the year, the Group made income tax payments on behalf of employees of \u00a30.3m (2024: \u00a30.4m) in the form of
cash as part of the net settlement process on share based payments. The settlement in cash reduced the future funding
requirement to the EBT and has accordingly been classified as a financing activity in the Consolidated Cash Flow Statement.
(a) Performance Related Plans
The outstanding awards under the Performance Related Plans as at 31 December 2025 will all vest within three years,
subject to continued employment and the achievement of certain performance targets.
For awards made in 2024 and 2025 (issued under the TGG Incentive Plan), the targets are based on financial targets
(Group Adjusted EBITDA Less Normalised Rent and ROIC), employee engagement and member visits. The financial targets
contribute 80% of the vesting conditions, with the employee engagement and member visit targets each contributing
10%. All targets in the 2024 and 2025 awards are non-market-based conditions, and therefore the fair value of the award
was determined using the share price at the date of grant.
The vesting conditions of the 2025 TGG Incentive Plan are set out on pages 81 to 82. The maximum term of these awards
is three years and settlement is in the form of shares.
For awards made in 2023 (issued under the PSP), the targets are based on TSR and Social Value performance measures,
with the TSR target contributing 80% of the vesting conditions, and the Social Value contributing 20%. The TSR
performance measures are relative TSR and absolute TSR, with the TSR element of awards being split equally between
these two measures.
For awards made in 2022 (issued under the PSP), the targets are based on absolute TSR and financial performance
measures with each target contributing to 50% of the vesting conditions. The financial performance measures are Return
on Invested Capital (\u2018ROIC\u2019) and Cumulative Adjusted Group Operating Cash Flow, with the financial element of awards
being split equally between these two measures.
The fair value of the awards that vest based on non-market-based conditions was determined using the share price at
the date of grant.
The fair value of the awards that vest based on market-based conditions (TSR element) was estimated at the grant date
using a Monte Carlo simulation model, taking into account the terms and conditions upon which the awards were granted.
This model simulates the TSR and compares it against the group of comparator companies. It takes into account historic
dividends and share price fluctuations to predict the distribution of relative share price performance.
The weighted average fair value of each award issued under this scheme during the year was \u00a31.32 (2024: \u00a31.33).
The weighted average remaining contractual life was 8.1 years at 31 December 2025 (2024: 7.8 years).
(b) Share Incentive Plan \u2013 Free Shares
The awards made under the SIP \u2013 Free Shares occurred when the Group floated on the London Stock Exchange and were
subject to continued employment requirements over a three year period and had no performance conditions. Therefore,
the options vested in full at the end of the three year period. No further awards have been issued. The shares are held by
an employee benefit trust.
The weighted average remaining contractual life was 0.3 years at 31 December 2025 (2024: 1.3 years).
(c) Share Incentive Plan \u2013 Matching Shares
Under the matching shares award, for every share purchased by an employee the Company will award one matching
share, up to a maximum value. Therefore, the options vest in full at the end of the three year period. The awards are
subject to continued employment requirements over a three year period and have no performance conditions. The shares
are held by an employee benefit trust.
The weighted average fair value of each award issued under this scheme during the year was \u00a31.43 (2024: \u00a31.24) and was
determined using the share price at the date of grant. The weighted average remaining contractual life was 1.0 years at
31 December 2025 (2024: 1.1 years).
(d) Service Related Plans
The outstanding awards under the Service Related Plans (issued under the PSP) are subject to continued employment
requirements, which range from a one year to a three year period and have no performance conditions. Therefore, the
options vest in full at the end of the period.
The weighted average fair value of each award issued under this scheme during the year was \u00a31.32 (2024: \u00a31.33) and was
determined using the share price at the date of grant. The weighted average remaining contractual life was 8.0 years at
31 December 2025 (2024: 8.2 years).
(e) Long Service Awards
The outstanding Long Service Awards (issued under the PSP) are subject to continued employment requirements over a
one year period and have no performance conditions. Therefore, the options vest in full at the end of the period.
The weighted average fair value of each award issued under this scheme during the year was \u00a31.53 (2024: \u00a31.33) and was
determined using the share price at the date of grant. The weighted average remaining contractual life was 0.4 years
(2024: 0.5 years) at 31 December 2025.
(f) Save as You Earn (\u2018SAYE\u2019) Scheme
Under the SAYE scheme, employees are allowed to acquire options over the Company\u2019s shares at a discount of up to 20%
of their market value at the date of grant. The awards are subject to continued employment requirements over a three
year period and have no performance conditions. Therefore, the options vest in full at the end of the period.
The weighted average fair value of each award issued under this scheme during the year was \u00a31.19 (2024: \u00a31.28) and was
determined using the share price at the date of grant. The weighted average remaining contractual life was 1.8 years
(2024: 2.0 years) at 31 December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-381": { "value": "
27. Commitments and Contingencies
The Group had \u00a33.0m of commitments that were contracted but not provided as at 31 December 2025 relating to
contracts for the fit-out of new gyms where works have not yet commenced (2024: \u00a35.9m).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-435": { "value": "27. Commitments and Contingencies The Group had \u00a33.0m of commitments that were contracted but not provided as at 31 December 2025 relating to contracts for the fit-out of new gyms where works have not yet commenced (2024: \u00a35.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-415": { "value": "27. Commitments and Contingencies The Group had \u00a33.0m of commitments that were contracted but not provided as at 31 December 2025 relating to contracts for the fit-out of new gyms where works have not yet commenced (2024: \u00a35.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-382": { "value": "
28. Related Party Transactions
Identification of Related Parties
The ultimate holding company of the Group is The Gym Group plc, a company incorporated in the United Kingdom.
The subsidiaries of the Group are as follows:
Company
Principal activity
Country of incorporation
Holding
The Gym Group Midco1 Limited*
Holding company
United Kingdom
100%
The Gym Group Midco2 Limited*
Holding company
United Kingdom
100%
The Gym Group Operations Limited
Holding company
United Kingdom
100%
The Gym Limited
Fitness operator
United Kingdom
100%
* For the year ended 31 December 2025, this subsidiary of the Group was exempt from the requirement for audit for individual financial statements in accordance
with section 479A of the Companies Act 2006.
The registered office of the subsidiaries is 2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN.
Terms and conditions of transactions with related parties
The purchases from related parties are made at normal market prices. Outstanding balances at the year end are
unsecured, interest free and settlement occurs in cash. There have been no guarantees provided for any related party
payables. There were no transactions with related parties during 2025 (2024: \u00a3nil), other than key management personnel
as disclosed below.
Compensation of Key Management Personnel
Key management includes the Directors as identified in the Directors\u2019 Report and members of the Group\u2019s Executive
Committee. The compensation paid or payable to key management for employment services is shown below:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Remuneration
3.9
3.6
Company contributions to defined contribution pension scheme
0.1
0.1
Share based payment charge
1.9
1.3
5.9
5.0
At the current and prior year end, there were no outstanding loan balances owed by key management personnel.
At the year end, no balance (2024: \u00a3nil) was owed to key management personnel in respect of year end bonuses.
Information regarding the highest paid Director is shown in the Remuneration Committee Report.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-436": { "value": "28. Related Party Transactions Identification of Related Parties The ultimate holding company of the Group is The Gym Group plc, a company incorporated in the United Kingdom. The subsidiaries of the Group are as follows:
Company
Principal activity
Country of incorporation
Holding
The Gym Group Midco1 Limited*
Holding company
United Kingdom
100%
The Gym Group Midco2 Limited*
Holding company
United Kingdom
100%
The Gym Group Operations Limited
Holding company
United Kingdom
100%
The Gym Limited
Fitness operator
United Kingdom
100%
* For the year ended 31 December 2025, this subsidiary of the Group was exempt from the requirement for audit for individual financial statements in accordance with section 479A of the Companies Act 2006. The registered office of the subsidiaries is 2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN. Terms and conditions of transactions with related parties The purchases from related parties are made at normal market prices. Outstanding balances at the year end are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided for any related party payables. There were no transactions with related parties during 2025 (2024: \u00a3nil), other than key management personnel as disclosed below. Compensation of Key Management Personnel Key management includes the Directors as identified in the Directors\u2019 Report and members of the Group\u2019s Executive Committee. The compensation paid or payable to key management for employment services is shown below:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Remuneration
3.9
3.6
Company contributions to defined contribution pension scheme
0.1
0.1
Share based payment charge
1.9
1.3
5.9
5.0
At the current and prior year end, there were no outstanding loan balances owed by key management personnel. At the year end, no balance (2024: \u00a3nil) was owed to key management personnel in respect of year end bonuses. Information regarding the highest paid Director is shown in the Remuneration Committee Report.", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-446": { "value": "The subsidiaries of the Group are as follows:
Company
Principal activity
Country of incorporation
Holding
The Gym Group Midco1 Limited*
Holding company
United Kingdom
100%
The Gym Group Midco2 Limited*
Holding company
United Kingdom
100%
The Gym Group Operations Limited
Holding company
United Kingdom
100%
The Gym Limited
Fitness operator
United Kingdom
100%
* For the year ended 31 December 2025, this subsidiary of the Group was exempt from the requirement for audit for individual financial statements in accordance with section 479A of the Companies Act 2006. The registered office of the subsidiaries is 2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-416": { "value": "The subsidiaries of the Group are as follows:
Company
Principal activity
Country of incorporation
Holding
The Gym Group Midco1 Limited*
Holding company
United Kingdom
100%
The Gym Group Midco2 Limited*
Holding company
United Kingdom
100%
The Gym Group Operations Limited
Holding company
United Kingdom
100%
The Gym Limited
Fitness operator
United Kingdom
100%
* For the year ended 31 December 2025, this subsidiary of the Group was exempt from the requirement for audit for individual financial statements in accordance with section 479A of the Companies Act 2006. The registered office of the subsidiaries is 2nd Floor, Arding & Hobbs, 7 St. John\u2019s Road, London, SW11 1QN. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-417": { "value": "Compensation of Key Management Personnel Key management includes the Directors as identified in the Directors\u2019 Report and members of the Group\u2019s Executive Committee. The compensation paid or payable to key management for employment services is shown below:
31 December 2025 31 December 2024
\u00a3m \u00a3m
Remuneration
3.9
3.6
Company contributions to defined contribution pension scheme
0.1
0.1
Share based payment charge
1.9
1.3
5.9
5.0
At the current and prior year end, there were no outstanding loan balances owed by key management personnel. At the year end, no balance (2024: \u00a3nil) was owed to key management personnel in respect of year end bonuses. Information regarding the highest paid Director is shown in the Remuneration Committee Report.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fact-383": { "value": "
29. Subsequent Events
Subsequent to the year end, the Group commenced a share buyback programme of up to \u00a310m. As at 10 March 2026, the
Group had repurchased 1,103,789 of its shares through the share buyback programme. Further information can be found
in the Director\u2019s Report on page 89.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800VCU9TBANZIN455", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }