Puregym to double new gym openings in second half of year
Puregym is set to bulk up its gym network in the second half of 2026 after seeing a boost to revenue in the first six months of the year. The Leeds-based group opened 17 sites in the first half of the year, but said on Thursday it remains on track to reach 60 new high-quality [...]
Puregym plans to expand its gym network in the second half of 2026, following a surge in revenue during the first half of the year. The Leeds-based company opened 17 new sites in the first half, but remains on track to achieve 60 site openings globally in total for the year. Revenue increased by 6% to £393m, while pre-tax earnings climbed 18% to £193m.
The US market experienced a turnaround after a rebrand and integration of Blink Fitness, with profits surging 35% to over £8.8m. Total membership grew by 3% to 2.44 million. New chief executive Alex Wood, who joined Puregym in November 2024, identified a "whitespace" target across existing markets and the Republic of Ireland, where an additional 750 sites could be opened in the coming years.
Wood expects the firm to enter the Irish market from early 2027. Wood emphasized Puregym's low-cost, technology-enabled business model, which allows for strong margins and returns, affordable fitness options for members, and continued estate expansion. The company's long-term prospects remain "extremely attractive" as gym membership continues to rise and consumers increasingly prioritize health and wellbeing.
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