Home / Business and Economy / Sats Asa Membership Rises 4% but Profits Slip in Q3
Sats Asa Membership Rises 4% but Profits Slip in Q3
28 Oct
Summary
- Sats Asa's Q3 revenue fell 1% short of expectations
- EBITDA missed forecasts by 4% due to higher expenses
- Net profit down 11-17% from analyst and consensus estimates
In the third quarter of 2025, fitness chain Sats Asa reported revenues of NOK 1,293 million, falling 1% short of consensus expectations. Despite a 4% year-over-year increase in membership and a 5% rise in average revenue per member, the company's financial performance fell below analyst forecasts.
Sats Asa's EBITDA came in at NOK 502 million, 4% below both analyst and consensus estimates. This was due to higher club and marketing expenses related to the autumn campaign, which offset some of the operational leverage benefits. The company's EBITDA before IFRS 16 reached NOK 192 million, representing a 13% year-over-year increase, supporting progress toward its mid-term NOK 1.1 billion EBITDA target.
Net profit stood at NOK 98 million with earnings per share of NOK 0.48, falling 11-17% below analyst and consensus estimates. This shortfall was primarily due to higher financial expenses under IFRS 16 and a slightly higher effective tax rate, while EBIT performance remained broadly in line with expectations.
Despite the financial headwinds, Sats Asa continues to demonstrate solid operational momentum, supported by its expanding member base, increasing workout frequency, and improving yields.
