Brait NAV up, Virgin Active and Premier drive growth

BRAIT PLC (JSE:BAT) announced its audited financial results for the year ended March 31, 2025, highlighting a 6% increase in net asset value (NAV) per share to R3.06. Virgin Active continues its strong operational performance with a 13% revenue increase fueled by membership growth and yield improvements, achieving a run-rate EBITDA of GBP121 million as of April 2025. Premier also demonstrated robust performance, increasing revenue by 7% and EBITDA by 15%, driven by MillBake and investments in key operating units reflected by capital expenditure of R726 million. New Look's performance suffered a 4% drop in sales. A recent recapitalisation should help to fund the group's online strategy. The company completed a recapitalisation in August 2024 and reduced debt by R1.378 billion. Brait's available cash and facilities totalled R1.1 billion at reporting date.