• A shift in the sales mix between prior periods and Q1 compared to the same period last year, driven by a higher contribution from 12-month memberships.

• Like-for-like (LFL) revenues declined by 8%, primarily impacted by the aforementioned seasonality, in addition to continued competitive intensity in key markets.

•The month of Ramadan and Eid Al-Fitr, which are considered weaker sales seasons for the sector, coincided within the entire first quarter, unlike the same period in the previous year.

• Non-like-for-like (Non-LFL) revenues increased significantly by 111%, driven by expansion in the number of centers and growth in their sales.

• Subscription revenues remained broadly stable, as improvements in pricing and product mix offset a 3% decline in the number of members.

• Personal training revenues declined by 10%.

• By segment, male centers’ revenues decreased by 4%, while female centers’ revenues increased by 4%.

• By format, Big Box centers remained relatively stable with a slight decline of 1%, while Xpress centers declined by 3%.

Despite this:

Collections increased by 10% during the period, leading to a 21% increase in deferred revenue balance compared to the end of the first quarter of the previous year.

• The presence of a non-recurring item in Q1 2025 related to the reversal of impairment of non-financial assets amounting to SAR 8.4 million, whereas a net loss of SAR 0.4 million was recorded in Q1 2026 due to the termination of certain lease contracts and the write-off of related assets, as part of reassessing the viability of some locations.

• A 5% increase in cost of revenues compared to Q1 2025, driven by the increase in the number of centers, which resulted in a 9% decline in gross profit to SAR 118 million, with gross margin decreasing to 32% compared to 35% in Q1 2025.

• Finance costs increased by 26% to SAR 28.6 million, primarily driven by higher borrowing levels alongside the impact of lease liabilities associated with new centers and increased bank fees related to buy-now-pay-later (BNPL) options due to higher customer uptake.

This was despite:

• A slight decrease in general and administrative expenses by 0.3%, and a 4% reduction in advertising and marketing expenses.

Excluding non-recurring items, adjusted net profit attributable to the Company’s shareholders amounted to SAR 49 million in Q1 2026, compared to SAR 62 million in Q1 2025, representing a decline of 21%.

During Q1 2026, The group has purchased 598,427 of its shares at average price of SAR 81.9364 per share.