INSUBCONTINENT EXCLUSIVE:
according to financial results released Thursday.The company earned R$196.5 million ($33 million) in Q4 2024, representing a 71% decrease
from the same period last year
expanding business footprint, with its gym network increasing by 21% to 1,743 locations across Latin America.The customer base expanded by
17%, reaching 5.21 million members by the end of December
EBITDA jumped 47% to R$487.1 million ($81 million), with margins improving by 2.3 percentage points to 31.6%.When excluding tax effects, the
profit decrease measured just 6% on a recurring basis
Smart Fit attributed the profit decline to expansion costs and higher financial expenses affecting overall profitability.Smart Fit Sees 71%
Profit Drop While Revenue Climbs 36% in Q4
(Photo Internet reproduction)For the entire 2024 fiscal year, Smart Fit recorded a profit of R$539.4 million ($90 million), down 54% from
Net debt rose to R$2.99 billion ($498 million) at year-end, more than doubling from R$1.3 billion a year earlier
million) as of December 31
throughout the year.Operating cash flow increased 8% to R$462.1 million ($77 million) in the quarter
Management remains confident about future growth prospects despite the temporary profit decline.
