Earnings release
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MARKET ANNOUNCEMENT VIVA LEISURE 25 February 2021 HY2021 Half Year Results Record Revenue and Members , but COVID challenges continue Viva Leisure Limited ( “ Viva Leisure ” or “ the Company ” ) , a leading technology - focused Australian health club owner and operator , is pleased to announce its results for the half year ended 31 December 2020 . Financial highlights HY 2021 EX - AASB 16 HY 2020 Ex - AASB 16 Variance Profit and Loss ( $ m ) ( $ m ) Revenue EBITDA 35.95 22.99 56.4 % 5.58 5.61 ( 0.5 % ) NPAT 0.65 2.81 ( 77.0 % ) EBITDA Margin 15.5 % 24.4 % ( 36.4 % ) 31 December 31 December Variance 2020 2019 Members ( Viva only ) 102,908 70,866 45.2 % Despite the challenges surrounding the impacts of COVID - 19 , Viva Leisure today announces record revenue and member numbers for the half year to 31 December 2020 . However , during this period , the imposition of government mandated restrictions on our clubs and members has hampered the Group's overall results . The effect of these restrictions : ■ led to significant reduction in the rate of new members joining and an increase of voluntarily suspension by existing members ; ■ led to significantly lower than anticipated revenues over the period of July to December , particularly with the continued closure of our Victorian clubs until late November ; slowed the average time to profitability of our rollouts considerably , putting pressure on our margins ; required the Group to staff each club with COVID Marshals for a period which increased wages ; resulted in a considerable increase in cleaning costs , some of which will be on - going .