After another year of double-digit growth, GymBeam is claiming a leading position in Europe’s sports nutrition e-commerce market, reporting stronger sales, higher profitability, and improved margins in 2025. The Vienna-headquartered business said sales excluding VAT rose 24% year-on-year to €232 million, while consolidated EBITDA increased 35% to €18.7 million.
Margins also moved higher. Gross margin from primary activities rose from 45% in FY2024 to 48% in FY2025, which the company attributed to in-house production, logistics automation, pricing discipline, and a larger share of proprietary products. That performance places GymBeam among the stronger operators in a sector where many online retail businesses continue to face pressure on margins and customer acquisition.
Founded in 2014, the business now operates in more than 50 countries and has localised teams across 16 European markets. GymBeam said it serves 2.7 million active customers from a registered customer base of 6.2 million, with 650 full-time equivalent employees across the group. The company is also continuing its shift from a Central and Eastern European growth story into a broader pan-European direct-to-consumer platform.
Dalibor Cicman, founder and CEO of GymBeam, said: “Our latest results reaffirm what we’ve known for some time; that GymBeam is delivering the scale, technology, manufacturing capability and customer trust to compete across the entirety of the European market and beyond.” He added: “At a challenging time when many e-commerce businesses are seeing margins squeezed, we’ve continued to grow while expanding profitability. This is the result of our direct customer relationships, efficient logistics, in-house manufacturing and disciplined investment in automation and AI.”
Expansion is being backed by fresh capital. In 2025, GymBeam completed a €30 million equity investment from EBRD and PortfoLion, with Rothschild & Co involved in the transaction. The company said the funding will support growth in Western Europe, further automation, strategic acquisitions, and manufacturing scale-up. Despite that institutional backing, GymBeam remains founder-led, with Cicman retaining majority control.
Production is becoming a larger part of the model, too. The acquisition of German manufacturer KAJA Food added capacity near Düsseldorf and increased control over product development, quality, and margins. GymBeam said it now has more than 9,500 square metres of internal production footprint across the group and is moving a number of best-selling products to Made in Germany production.
