U.K-based Gymshark reported sales rose 6.4 percent in its fiscal year ended July 31, 2025, its 13th consecutive year of growth, according to figures filed at Companies House. Profits came from investments in opening new stores.
Sales reached £646 million ($857mm), up from £607.3 million the prior year. Pre-tax profits fell 41.2 percent to £7 million from £11.9 million in FY24.
Founded in 2012, Gymshark began opening stores in 2022 with a flagship on Regent Street in London. It has since opened two more stores in London and locations in Manchester, Amsterdam and Dubai.
In October 2025, Dick’s Sporting Goods became Gymshark’s first U.S. wholesale partner, with the fitness brand launching exclusively in 12 Dick’s House of Sport stores. The partnership came as Gymshark opened its first U.S. retail store at Roosevelt Field Mall in Garden City, NY, also in October 2025, and its New York City flagship in December 2025.
In a video shared before the results were filed at Companies House, founder and CEO Ben Francis said, “FY25 was a strong year for us and marked our thirteenth consecutive year of growth as our sales numbers reached £646 million.
“As well as strong sales growth, we also had double-digit growth in our EBITDA, which reached £53.3 million. Our margins remained strong at 62.3 percent, and our profit before tax was £7 million, so it was another profitable year for us.
“Our balance sheet remained healthy, and we closed the year with a cash position of over £37 million, while our inventory position closed at just over £117 million.
“We have since instigated some strong actions to see some of the best inventory management that we’ve had in our history, and we continue to invest in the long-term of the Gymshark brand. We have declared no dividends once again because we continue to invest all of our profits back into our business.
“Our profits are lower than they have been in previous years, but this is intentional. We are really investing in the long-term of our brand, and we’ve opened stores in Dubai, Manchester, Amsterdam, Long Island in the U.S., and, most recently, our first U.S. flagship store in New York.
“We have also continued to invest in community events. They cost our customers nothing but really bring our community together.
“All of this together, we are investing in building a truly iconic British brand that can stand the test of time.
“We have also been funding a separate, secret project, which I am really looking forward to announcing in the coming months.”
Image courtesy Gymshark
