Thirteen consecutive years of growth at the UK activewear brand mask a more nuanced picture: rising reinvestment costs are compressing pre-tax profit even as EBITDA and margins hold firm.
Gymshark has reported revenue of £646 million (€762.3 million) for the fiscal year ending July 31, 2025, a rise of approximately 6 percent on the £607.3 million recorded in FY24 and the brand’s strongest annual sales result to date. The UK activewear company has now posted growth in every year since its founding in 2012.
Pre-tax profit, however, fell to £7 million (€8.3 million) from £11.9 million in the prior year as the brand maintains a deliberate and sustained program of reinvestment. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by a double-digit percentage to £53.3 million, with margins holding at 62.3 percent. The company ended the financial year with more than £37 million in cash.
Gymshark, as a privately held company, does not issue traditional investor relations announcements. Financial results are filed with Companies House in the UK; Ben Francis, founder and CEO, provided accompanying commentary ahead of the formal filing. He described the investment programme as building foundations for future growth, adding that its effects “are really starting to come through,” without providing guidance on the current fiscal year.
Gymshark’s recent capital deployment has spanned new stores in Manchester, Amsterdam, Long Island, New York and Dubai, as well as a first physical entry into Germany in early 2026 through permanent in-store spaces at luxury multibrand retailers Breuninger in Stuttgart and Engelhorn in Mannheim. That marks a significant step into one of Europe’s largest and most competitive sporting goods markets. Free community events, a key plank of the brand’s engagement strategy, also form part of the investment spend.
Francis also flagged an undisclosed “secret project” that the company expects to announce publicly in the coming months.
About Gymshark
Founded in 2012 by Ben Francis in Solihull, UK, Gymshark is a fitness apparel and accessories brand operating primarily through its own direct-to-consumer digital channels. The company is privately held and files its full financial accounts with Companies House in the UK.
