Real Madrid has become the first sports organisation to generate more than €1.2 billion in annual operating revenue, posting a record €1.221 billion for the 2025–2026 financial year despite ending the season without winning a major trophy.
The numbers suggest Real Madrid is becoming less dependent on trophies to drive financial growth, with commercial income and the redeveloped Santiago Bernabéu now playing a much bigger role in the club’s earnings
The club also reported record earnings before interest, taxes, depreciation and amortisation (EBITDA) of €287.4 million, up 18% from the previous financial year, while net profit after tax rose 8% to €26.3 million. The latest result marks the 26th consecutive year Real Madrid has closed its books with a profit.
It’s one thing to post record revenue. It’s another to do it in a season without major silverware. So, where did the money come from?
Bernabéu continues to power Real Madrid’s revenue growth
The Santiago Bernabéu continues to reshape Real Madrid’s finances.
Revenue generated from the stadium reached €363 million during the financial year, more than double the level recorded before redevelopment began in 2019.
Much of that growth can be traced to the Bernabéu. Since the redevelopment, the stadium has evolved into a major commercial asset, creating new sources of revenue beyond football matches.
The redevelopment project has now attracted cumulative investment of more than €1.4 billion.
Although Real Madrid reported net debt of €9 million after excluding stadium-related financing, the club also ended the financial year with €83 million in cash and access to €475 million in undrawn credit facilities, providing additional financial flexibility as repayments continue.
Management maintains that the increased revenue generated by the…
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Read Full Article by Timothy Dehinbo at nairametrics.com
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