Viva Leisure Ltd (ASX: VVA) reported a 12.2% year-over-year increase in revenue to AUD 237.1 million for the full year ended June 30, 2026, exceeding its upwardly revised guidance of AUD 237 million. Adjusted EBITDA rose 13.3% to AUD 112.3 million, with an adjusted EBITDA margin of 47.4%, up 50 basis points from FY25.
Underlying net profit after tax climbed 46.4% to AUD 18.9 million, while statutory NPAT surged 144.5% to AUD 12.8 million. Earnings per share reached AUD 0.1313, up 150.6% from the prior year. Operating cash flow increased nearly 10% to AUD 76.4 million, and adjusted free cash flow rose 7.7% to AUD 35.1 million. Net leverage improved to 1.77 times, down from 2.04 times in FY25.
The company declared its maiden fully franked dividend of AUD 0.03 per share, representing 15% of underlying NPAT and 8% of adjusted free cash flow. Viva funded its AUD 31.3 million growth reinvestment and an on-market buyback entirely from operating cash flow for the first time in its history.
Total network membership reached 694,000 across 534 locations, including 275,000 health club members and 418,000 franchised members. Corporate club utilization exceeded 80% for the first time, with average membership per corporate club rising to 1,351. Health club revenue grew 11% to AUD 208.2 million, while franchise income increased 13.5% to AUD 9 million.
The payments and technology segment, including Viva Pay and Meridium Global, reported external revenue growth of 39.8% to AUD 7.1 million, with standalone EBITDA of AUD 13.4 million. Supplements and other revenue rose 18.5% to AUD 12.8 million. Strategic initiatives included the Zoo Fit refurbishment program, with an expected 30-40% revenue uplift per location, and the Viva 360 AI-driven retention platform, which reported an 89.1% churn prediction accuracy.
Shares rose 8.83% to AUD 1.54 following the results, compared with a 52-week range of AUD 1.305 to AUD 1.875. The company plans to expand corporate locations from 3 net new additions in FY26 to over 20 annually from FY27 onward.
