Basic-Fit N.V.

Earnings Release • Oct 17, 2025

BASIC-FIT PRESS RELEASE Q3 2025 TRADING UPDATE

BASIC-FIT REPORTS STRONG GROWTH IN REVENUE AND MEMBERSHIPS

FIRST NINE MONTHS HIGHLIGHTS

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OUTLOOK 2025 REITERATED

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RENE MOOS, CEO BASIC-FIT

111.10
	9M 2025	9M 2024	change
Revenue (€ millions)	1,034	892	16%
Clubs	1,653	1,570	5%
Memberships (millions)	4.73	4.20	13%
Avg. revenue per membership (€)	24.60	23.86	3%

CLUB NETWORK & MEMBERSHIP DEVELOPMENT

	Sep/25	Dec/24	Sep/24
Netherlands	245	241	242
Belgium	235	229	229
Luxembourg	10	10	10
France	893	858	852
Spain	227	209	209
Germany	43	28	28
Total	1,653	1,575	1,570

REVENUE DEVELOPMENT

INNOVATION

FRANCHISE UPDATE

OUTLOOK 2025

Club openings pipeline (# clubs)

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FOR MORE INFORMATION

AUDIO WEBCAST Q3 TRADING UPDATE

FINANCIAL CALENDAR

ABOUT BASIC-FIT

NOTES TO THE PRESS RELEASE

ALTERNATIVE PERFORMANCE MEASURES

Term	Definition
Fitness revenue	Revenue from memberships, as well as from add-ons like sports water and personal online coach
Club revenue	Total of fitness revenue and other club revenue
Yield (ARPU) per month	Fitness revenue divided by average members of the period (divided by number of months in the period)
Club EBITDA	EBITDA before overhead costs and net result from non-club revenue (webshop and NXT Level)
Underlying club EBITDA less rent	Club EBITDA adjusted for exceptional items and minus invoiced rent costs of opened clubs
Underlying club EBITDA less rent margin	Underlying club EBITDA less rent as a percentage of club revenue
Overhead	Total costs related to (local) headquarters, including all IT development, customer care and marketing. The gross result (gain or loss) on non-club revenue is also included
EBITDA	Profit (loss) before interest, taxes, depreciation, amortisation and COVID-19 rent credit
Underlying EBITDA less rent	EBITDA adjusted for exceptional items and minus invoiced rent costs
Underlying EBITDA less rent margin	Underlying EBITDA less rent as a percentage of total revenue
EBIT (operating profit)	Profit (loss) before interest and taxes
Exceptional items	Exceptional items include start-up costs for new countries, costs related to club closures and other costs or profits that are of a one-off nature or do not reflect the normal operations of the business
Underlying net result	Net result adjusted for IFRS16, PPA amortisation, IRS valuation differences, non-cash convertible bond accruals, exceptional items, one-offs and the related tax effects
Basic underlying EPS	Underlying net result divided by the weighted average number of shares
Diluted underlying EPS	Underlying net result divided by the weighted average number of diluted shares
Net debt	Total of long-term and short-term borrowings and IFRS16 lease liabilities, less cash and cash equivalents
Net debt (excl. lease liabilities)	Total of long-term and short-term borrowings, less cash and cash equivalents
Working capital	Total of inventories plus trade and other receivables, minus trade and other payables
Mature club ROIC	Underlying mature club EBITDA less rent as a percentage of the initial investment to build a club
Mature club	Club that has been open for 24 months or more at the start of the year
Mature club revenue	Revenue of mature clubs
Mature club underlying EBITDA less rent	Underlying EBITDA less rent of mature clubs
Mature club underlying EBITDA less rent margin	Underlying EBITDA less rent of mature clubs as a percentage of mature club revenue
Free cash flow before new club capex	Underlying EBITDA less rent, maintenance capex, other capex, cash interest and cash taxes
Initial capex newly built club	Total expenses newly built clubs divided by the number of newly built clubs
Expansion capex	Total expenses of newly built clubs, acquisitions, existing club enlargements and expenses for clubs that are not yet open
Maintenance capex	Capex to maintain the club and replace or refurbish the fitness equipment
Average maintenance capex per club	Total maintenance capex divided by the average number of clubs

FORWARD-LOOKING STATEMENTS / IMPORTANT NOTICE