Gymshark reports record year of sales growth for FY25

Gymshark has reported its thirteenth consecutive year of growth for the year ending 31 July 2025, with sales reaching £646m - up from £607.3m in FY24 and its record year to date.

While pre-tax profit dipped to £7m for FY25, down from £11.9m in FY24, Gymshark founder and CEO Ben Francis attributed that to continued investment and “laying down the foundations for future growth as a business.”

In a video sent to TheIndustry.fashion, before the FY25 results have been submitted to Companies House, Francis said: “FY25 was a really strong year for us and marked our thirteenth consecutive year of growth as our sales numbers reached £646m.

“As well as strong sales growth, we also had double-digit growth in our EBITDA, which reached £53.3m. Our margins remained strong at £62.3% and our profit before tax was £7m, so another profitable year for us.

“Our balance sheet remained healthy, and we closed the year with a cash position of over £37m, while our inventory position closed at just over £117m.

“We have since instigated some really 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 US and, most recently, our first ever US flagship store in New York.

“We have also continued to invest in community events. They cost our customer 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.”

Last month saw Gymshark promote Carly Natalizia to the role of Chief Commercial Officer – an expanded role from her previous position as Chief Digital Officer which will see her oversee Gymshark’s commercial strategy across all channels. That will include the introduction of new products, the scaling of emerging business areas and the continued optimisation of the brand’s digital ecosystem.

The appointment reflects Gymshark’s ambition to balance its digital-first DNA with a more sophisticated, multi-channel retail model, as the brand continues to scale globally.