#Taiwan #Taipei #Q1 Results #World Gym #Taiwan fitness

World Gym Corporation Reports Robust Q1 2026 Results

On May 19, 2026, World Gym Corporation (TWSE: 2762) released its financial results for the first quarter of 2026, revealing a remarkable year-over-year revenue growth and impressive profit margins. With over 280 locations globally, World Gym continues to consolidate its position as a leader in the fitness industry.

Financial Highlights

World Gym's first-quarter performance demonstrates substantial financial improvement:

• - Net Profit: NT$219 million (approximately US$6.93 million), reflecting a significant increase of 31.3% compared to the previous quarter and a staggering 344.7% year-over-year.
• - Gross Margin: Increased to 21.78%, marking an improvement of 1 percentage point quarter-over-quarter and up 6.2 percentage points year-over-year.
• - Operating Margin: Rose to 10.69%, a 2.1 percentage point increase from the last quarter and a 7 percentage point increase from the same period last year.
• - Earnings Per Share (EPS): Recorded at NT$2.01.
• - Dividend: The Board approved a cash dividend of NT$3.64 per share, indicating a strong return to shareholders.

The total revenue for the quarter reached NT$2.81 billion (approximately US$88.88 million), translating into a 9.4% year-over-year growth. Notably, this marks the fourth consecutive quarter of significant EPS growth and sets a new record for quarterly performance since being listed on the TWSE.

Chairman’s Remarks

Chairman John Caraccio expressed confidence in the company's growth trajectory, stating, "World Gym delivered an exceptional start to 2026 with record EPS, significant margin expansion, and a strong shareholder return profile. Following the successful completion of our strategic transition last year, we remain highly confident in our growth momentum and are entering the summer season with strong demand and expanding profitability."

Future Growth Plans

Looking ahead, World Gym aims to maintain its momentum with robust expansion plans, which include:

• - Opening 12–15 new locations throughout 2026, focusing on markets with high return potential.
• - Nationwide availability of one-on-one and small-group Pilates sessions.
• - Launching an AI-driven health management platform slated for the third quarter of 2026.

Investor Conference

World Gym's upcoming online investor conference hosted by Fubon Securities will take place on June 11, 2026. During this event, management will discuss the Q1 results and share insights into the company's future initiatives.

• - Date: June 11, 2026
• - Time: 14:30 Taiwan Time (02:30 AM ET)
• - Format: Online webcast

Registration details will be posted by Fubon Securities, with related materials also available on World Gym's investor relations website.

Conclusion

The impressive financial results of World Gym Corporation underscore its strong market position and operational effectiveness. With plans in place for continued growth and enhancement of its service offerings, the company looks poised for further success in the competitive fitness industry landscape. Investors are encouraged to keep an eye on the developments stemming from the upcoming conference, as it will provide valuable insights into the company's strategic direction moving forward.

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For additional information about World Gym Corporation and its initiatives, visit World Gym's official investor relations page.