Fitell Corporation is a holding company whose primary operations are conducted through its wholly owned subsidiary GD, which operates as an online retailer of gym and fitness equipment in Australia. The company sells a broad range of strength and cardio products under its proprietary brands Muscle Motion, Rapid Motion, FleetX and Harison, and also offers licensing services for fitness studio concepts and is developing smart connected equipment and a digital training platform. GD was founded in 2005 and is headquartered in New South Wales, serving customers across the country through its ecommerce website, showroom and phone order channels.

Revenue is generated mainly from the sale of fitness equipment through the company’s ecommerce website, which accounted for approximately 65.95% of total sales in the fiscal year ended June 30, 2025, with the remainder coming from commercial sale orders, showroom and phone transactions and third party channels such as Bunnings Marketplace and eBay. Additional income is derived from licensing fees, where licensees pay an annual base fee of $125,000 plus $40,000 for each opened fitness centre, and from future sales of smart connected equipment and subscription services once those products are commercially launched. The company also earns modest revenue from accessories and related consumables sold alongside its core equipment lines.

The company operates through the following segments: Fitness Equipment, Licensing, and Interactive Fitness Equipment and Platform.

• Fitness Equipment: This segment designs, sources and sells strength and cardio training equipment under the Muscle Motion, Rapid Motion, FleetX and Harison brands, distributing products via the company’s website, showroom, phone order and third party online marketplaces, and it also provides after sales support and warranty services for the items it sells.

• Licensing: This segment provides a turnkey solution for fitness studio operators, including site selection, design, equipment fit out, pre opening support, staff training and ongoing services, earning an annual base fee of $125,000 per licensee plus $40,000 for each operating centre, and it also assists with marketing and member acquisition strategies for the licensed facilities.

• Interactive Fitness Equipment and Platform: This segment is focused on the development of smart connected fitness machines such as sensor enabled exercise bikes and workout mirrors, and the AI driven 1FinalRound training platform, which will be bundled with the hardware and offered on a subscription basis once commercial launch occurs, and it continues to refine user experience through beta testing and feedback from early adopters.

Fitell Corporation holds a niche position in the Australian fitness equipment market, competing with established global brands such as Nautilus, Peloton, ICON Health & Fitness (NordicTrack), Johnson Health Tech, Technogym, Echelon, Mirror, Hydrow, Tonal and JaxJox. Its competitive advantages stem from a diversified portfolio of proprietary brands, a large and loyal customer base with over 200,000 served users and a high proportion of repeat purchases, and a vertically integrated model that combines product sales, licensing of fitness studio concepts and upcoming smart connected equipment and digital content. The company also benefits from a strong supply chain that includes both local and overseas manufacturers, allowing it to maintain product availability and control costs.

The company serves individual consumers purchasing home gym equipment, as well as commercial clients including fitness studio chains, gym operators, government agencies, schools, healthcare providers and educational institutions. Its loyalty program indicates that roughly 32.27% of orders come from existing customers and the average purchase frequency is 1.8 per customer, demonstrating a strong base of repeat buyers. In addition, the firm reports that its customer base has grown to more than 225,000 members by the end of fiscal year 2025, reflecting steady expansion in both retail and commercial sectors.