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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
AGF
AGF (AGF) investor relations material
AGF H2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 25/26 earnings summary23 Sep, 2026
Executive summary
Achieved first Danish championship in 40 years, securing the 3F Superliga title with 67 points and strong performance in both league and cup competitions.
Implemented a new group-wide strategy in late 2025, focusing on sports and commercial growth, talent development, and sustainability.
Significant commercial progress with record sponsor revenue and merchandise sales, driven by sporting success.
Financial highlights
Revenue increased to DKK 231m from DKK 188m year-over-year, mainly due to higher season ticket, TV, sponsor, and merchandise income.
Result before tax was a loss of DKK 6m, in line with guidance of 0 to -15m.
Equity rose by DKK 64m to DKK 269m, primarily due to a directed share issue.
Cash flow from operations improved to -9m from -28m, with total cash flow at DKK 15m (prior year: DKK 4m).
Liquidity reserve at year-end was DKK 137m, up from DKK 59m.
Outlook and guidance
For 2026/27, expects a negative result before tax between DKK -15m and -45m.
Management has prepared a budget and plan to maintain financial balance and achieve sporting goals.
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Latest events from AGF
- Pre-tax profit fell to DKK 11.5m, equity rose, and full-year loss is still expected.AGF
H1 25/26 - Revenue up, but DKK 21m pre-tax loss; DKK 70m share issue to fund future investments.AGFH2 24/25
- Record profit in 2023/24 driven by transfers; 2024/25 guidance signals expected loss.AGFH2 23/24
- H1 profit fell sharply on lower transfers, but commercial revenue and sponsorships grew.AGFH1 24/25
Next AGF earnings date
H1 26/2725 Feb, 2027
AGF
Next AGF earnings date
H1 26/2725 Feb, 2027
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Frequently asked questions
AGF, also known as Aarhus Gymnastikforening, is a Denmark-based sports club primarily focused on professional football. The organization operates a football team that competes in the Danish Superliga, as well as youth development programs and related sports activities. In addition to its core football operations, AGF is involved in event management, sponsorship, and fan engagement initiatives. AGF is headquartered in Aarhus, Denmark, and its shares are listed on the OMX Copenhagen.