Benefit Systems with record results for 2024

Benefit Systems Group’s revenues increased by 22% in 2024 to PLN 3,397 million, and operating profit (excluding the impact of the incentive programme) was 31% higher compared to 2023 and amounted to PLN 715 million. At the end of 2024, despite the record dividend payment, the group had PLN 153 million of net cash.

Benefit Systems published its preliminary financial results for 2024 on 19 February this year. Marcin Fojudzki, Management Board Member at Benefit Systems, commented on the record year, drawing attention to the effectiveness of the adopted and implemented strategy: “We have had a good quarter and year, which we ended with results above expectations. Initial data shows that our strategy guarantees the group dynamic development and increasing profits. This year we expect further improvement in results in all operating segments. We are also working on a bond programme to increase the availability of financing for the development of a network of our own fitness clubs in Poland and other markets. We plan to open dozens of new facilities, including over 45 abroad. We also intend to continue analysing markets for acquisition opportunities.”

At the end of 2024, there were 1,592,000 sports card holders. The revenues of the Poland Segment amounted to PLN 2,474.6 million, which is an increase of 24.7% compared to 2023. The EBITDA ratio amounted to PLN 904 million, increasing by 36.2% compared to the previous year. At the end of last year, the group’s portfolio in Poland included 243 fitness clubs. In total, in 2024, the company expanded its own network by 25 locations: 15 clubs as part of the acquisition (Active Point (currently Fabryka Formy): 1 club, Good Luck (currently Zdrofit): 4 clubs, Artis: 1 club, Gym World: 1 club, Organic Fitness: 8 clubs) and openings: in Warsaw (5 locations), Krakow (3 locations), two clubs in Katowice and Lublin, and one in Łódź. MultiSport Programme partners currently run over 5,500 sports and recreation facilities throughout the country.

At the end of the fourth quarter of 2024, a total of 571,900 sports cards were active on foreign markets. The revenues of the Foreign Countries Segment amounted to PLN 922.9 million last year, which means an increase of 16.8% year-on-year. The profit from operating activities amounted to PLN 104.3 million. Currently, Benefit Systems Group has 82 fitness clubs (19 new clubs in Q4 2024: 2 clubs acquired in Croatia, new openings: 4 facilities in the Czech Republic, 3 in Slovakia, 9 in Bulgaria, 1 in Croatia).

Sustainability

In 2024, Benefit Systems Group continued to implement its ESG commitments, in line with the #BETTER_LIFE 2024–2026 ESG Strategy ( BenefitSystems_Strategia_ESG_22.07_FINAL.pdf) and the highest standards externally confirmed by the B-Corp certificate. This year’s Benefit Systems Capital Group Sustainability Report was prepared for the first time in accordance with the requirements of the CSRD (Corporate Sustainability Reporting Directive) and the ESRS (European Sustainability Reporting Standards). A key element of the reporting process was the dual materiality analysis, which enabled the identification of areas that were most significant both in terms of the group’s impact on its environment and the impact of external factors on the organisation’s operations. On this basis, significant impacts, risks and opportunities (IROs) were mapped and the associated policies, measures, actions and objectives were defined. Including this data in the report is an important step towards a transparent, structured approach to sustainability reporting that is compliant with EU standards.

In the opening letter of the report, the Management Board emphasised, in the context of ESG, the constant pursuit of a balance between economic efficiency and social and ecological responsibility: “We consistently implement numerous pro-ecological and pro-social initiatives that are consistent with the goals of our strategy for 2025–2027. In 2024, we implemented several projects aimed at physical and sports activation of school-age children, but also adults, including seniors. The MultiSport Foundation has covered almost 73,000 students with its activities as part of MultiSport classes with elements of corrective and compensatory gymnastics and over 11,000 school-age children as part of ‘Active MultiSport Schools’”. A full summary regarding the group’s relations with local communities, employees and key stakeholders at the upstream and downstream levels of the value chain can be found in Chapter 7 of the Consolidated Report on the Activities of the Benefit Systems Capital Group for 2024 (pp. 67–176).

Detailed information on the financial results and activities of Benefit Systems S.A. in 2024 can be found in:

Jolanta Jędrysek

Head of Communications, Benefit Systems

• j.jedrysek@benefitsystems.pl
• 519 312 964

^{Benefit Systems has been operating on the Polish market for over two decades and is one of the leaders in providing non-financial benefits that support employee wellbeing. The company is the creator of the MultiSport Programme, which enables physical activity in sports facilities throughout the country. Its portfolio also includes the MyBenefit cafeteria platform and the MultiLife wellbeing programme. For several years now, the company’s sports offer has been developed on foreign markets, including the Czech Republic, Slovakia, Bulgaria, Croatia, and Turkey. The Benefit Systems Group also operates fitness clubs (in Poland it is responsible for Zdrofit, Fabryka Formy, FitFabric, Fitness Academy, My Fitness Place networks; in other markets it manages over 70 facilities). An important area of Benefit Systems activities is the promotion of an active lifestyle at every stage of life, which is why the company implements initiatives supporting physical activity of children, adults, and seniors, also as part of the MultiSport Foundation. Since 2018, Benefit Systems has been part of the global B Corp initiative, bringing together companies operating and engaging in solving the most important social problems. More information can be found at benefitsystems.pl/en.}