What was Sport Clubs Co.'s net profit in Q1 2026?

Net profit reached SAR 4.40 million, up 29.2% year-on-year.

Why did net profit decline compared to the previous quarter?

Net profit fell 69.8% due to seasonal factors in the fitness industry, leading to a 17.4% revenue decline and a 36.6% drop in gross profit.

What was Sport Clubs Co.'s gross profit margin in Q1 2026?

Gross profit margin was 25.3%, up from 20.9% in the same quarter of 2025.

How many members did Sport Clubs Co. have at the end of Q1 2026?

Total members reached 146.3 thousand, a 26% increase year-on-year.

Sport Clubs Co. Q1 2026 Net Profit Rises 29% YoY to SAR 4.40M

Q: What drove Sport Clubs Co.'s annual revenue growth?

Revenue grew 4.5% driven by higher subscription revenues and personal training services, with total members increasing 26%.

Sport Clubs Co. (6018) posted a net profit of SAR 4.40 million for Q1 2026, up 29.2% year-on-year. Revenue grew 4.5% to SAR 86.12 million, supported by higher subscription revenues and personal training services, while gross profit margin improved to 25.3% from 20.9%.

Sport Clubs Co. (6018) announced its interim financial results for the three months ended March 31, 2026, reporting a net profit of SAR 4.40 million, a 29.2% increase year-on-year. Revenue rose 4.5% to SAR 86.12 million compared to the same period last year.

Key Financial Results

Item	Current Quarter	Comparable Quarter 2025	Change %	Previous Quarter	Change %
Revenue	SAR 86.12M	SAR 82.44M	+4.5%	SAR 104.26M	-17.4%
Net Profit	SAR 4.40M	SAR 3.40M	+29.2%	SAR 14.58M	-69.8%
EPS	SAR 0.038	SAR 0.029	+31.0%	SAR 0.126	-69.8%

Highlights from the Statement

YoY Revenue Growth: Revenue increased 4.5% driven by higher subscription revenues and personal training services. Body Masters men's clubs saw a 25.8% increase, while Body Motions ladies' clubs grew 8.6%. Total members rose 26% to 146.3 thousand.
QoQ Revenue Decline: Revenue fell 17.4% compared to the previous quarter due to seasonal factors in the fitness industry, with subscription revenues dropping 18.1%.
Gross Margin Improvement: Gross profit margin expanded from 20.9% to 25.3% year-on-year.
QoQ Net Profit Drop: Net profit declined 69.8% compared to Q4 2025, driven by lower revenue and a 36.6% decrease in gross profit.
Shareholders' Equity: Total shareholders' equity stood at SAR 271.66 million.
Auditor's Opinion: The auditors issued an unmodified opinion without any qualifications.

Guidance

The company did not provide specific forward guidance in the announcement.

Impact on Stock

The stock may react positively to the strong year-on-year performance, but the sharp sequential decline could temper gains. Focus remains on sustaining membership growth and margin improvement.

What This Means for Investors

The results show improved annual operating performance, but seasonal volatility affects revenue and profits. Investors should monitor the company's ability to maintain membership growth and expand margins in upcoming quarters.