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Virgin Active’s operational turnaround: Revenue growth across all territories
The Mercury
|November 14, 2025
VIRGIN Active, the global chain of health clubs and gyms controlled by JSE-listed investment holding company Brait, is making an operational turnaround, and its revenues are growing strongly across all territories.
VIRGIN Active's globbal membership growth increased marginally in the six months to September 30 despite club refurbishment closures and higher terminations in some territories. Capital expenditure increased significantly to £96m from £58m in 2024 due to refurbishment and new club development.
(THOBILE MATHONSI Independent Newspapers)
Brait has a strategy of unlocking value and optimising its assets to return capital to shareholders and has previously hinted at listing Virgin Active. In Brait’s results for the six months to September 30, released on Thursday, Virgin Active's UK business reported revenue growth of 12%, South Africa 15%, Italy 7%, and APAC 13%.
Brait’s net asset value per share was up 5% to R3.21 from R3.06 reported for the 2024 financial year. Its share price slipped 4.2% to R2.06 on Thursday afternoon.
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