The Real Madrid club has reported on Thursday the closure of the 2024/25 financial year with a profit after taxes of 24 million euros, an amount that is 9 million euros (56%) higher than the previous year, with the purpose of being able to resume the celebration of concerts at the Santiago Bernabéu Stadium with the allowed acoustics.
This positive result continues the trend of the club closing in profits continuously every year since 2000, with a special mention to the period from the 2019/20 season to the 2023/24 season, affected by COVID-19 and the ongoing stadium renovation works.
All of this has been achieved through cost containment measures and business improvement in all areas, as stated in the Madridista report. As a result of the profits obtained, the club has been increasing the value of its net worth year by year, reaching a value of 598 million euros as of June 30, 2025.
The debt/net worth ratio as of June 30, 2025, excluding the stadium renovation project, is 0.0, representing maximum solvency and financial autonomy. The cash balance as of June 30, 2025, excluding the stadium renovation loan, is 166 million euros, compared to 82 million euros as of June 30, 2024.
The operational activities and financial management have generated cash flows that have allowed an increase in the cash balance by 84 million euros after all operational payments, player acquisitions, and other investments, as well as servicing the debt of ICO loans (40 million euros) and the stadium renovation loan (60 million euros).
In addition to the cash balance of 166 million euros, the club has credit lines of 425 million euros as of June 30, 2025. These financial resources allow the club to comfortably meet the expected payment commitments.
The club also mentioned that its net debt, excluding the stadium renovation project, stood at 12 million euros as of June 30, 2025, a value similar to that of June 30, 2024 (8 million euros).
During the 2024/25 financial year, the net debt remained almost constant, balancing the investment effort made with the cash flow generated, which amounted to 194 million euros, including facilities and players. This includes investments in acquiring sporting staff due to the Club World Cup.
The football team reached the semifinals of that male World Cup. Since the tournament started in the 2024/25 season and ended in the 2025/26 season, the club’s revenues and expenses for the first part of the tournament were recorded in the 2024/25 season, while the revenues and expenses for the second part of the tournament will be recorded in the 2025/26 season.
The operating revenues (before the sale of fixed assets) for the 2024/25 financial year reached 1.185 billion euros, representing an increase of 111 million euros (10.4%) compared to the 2023/24 financial year. This is the first time the club has exceeded the 1 billion euro mark in operating revenues before the sale of fixed assets, a milestone not yet achieved by any other football club.
The profit after taxes is derived from EBITDA after considering depreciation expenses, financial results, and corporate taxes. It should be noted that in the 2024/25 financial year, the depreciation and financing expenses of the stadium renovation project were recorded in the income statement.
In the 2025/26 financial year, the final actions will be taken to complete the stadium renovation project, including some restoration activities and reducing noise levels at concerts.
While waiting for the conditions to resume concert celebrations, the club expects further growth in VIP attendance revenues, RM experience, and other commercial activities at the stadium, highlighting the significant event of an NFL game being held at the stadium.
The Madrid report also affirmed that in commercial activities, the club intends to continue increasing sponsorship revenues and merchandising, supported by the image projection derived from the player roster composition, sporting successes, and the remodeled stadium.
In the sports field, the club aims to continue strengthening and developing its sports model to achieve the sporting successes in football and basketball that have distinguished the club throughout its history, significantly in recent years. In this regard, the club has already bolstered its squad with new players and a new coaching staff, including Xabi Alonso.
Furthermore, there will be a new coach in the basketball section with Sergio Scariolo. All of this is supported by an economic model that pursues sustainable growth through a combined effort of revenue growth/diversification and cost containment to achieve profitability and a financial structure that allows the club to address the necessary investments for its development.
FUENTE