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Borussia Dortmund
Borussia Dortmund (BVB) investor relations material
Borussia Dortmund Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Feb, 2026
Executive summary
Revenue for H1 2025/2026 increased slightly to €246.4m from €244.5m year-over-year, with net profit rising to €18.7m from €7.7m.
EBITDA improved to €81.7m (prior year: €58.7m), and EBIT rose to €24.0m (prior year: €9.1m).
Free cash flow was negative at €-1.6m, a significant improvement from €-38.3m in the previous year.
Net transfer income surged to €54.9m from €22.2m, driven by key player sales.
Financial highlights
Consolidated total operating proceeds increased to €316.5m (prior year: €281.9m).
Personnel expenses rose to €129.3m (prior year: €118.1m), mainly due to bonuses and special payments.
Depreciation, amortisation, and write-downs increased to €57.7m (prior year: €49.6m).
Cash and cash equivalents at period end were €8.4m, down from €20.6m at the start of the period.
Equity ratio improved to 54.4% from 53.0% at the previous year-end.
Outlook and guidance
Full-year revenue is forecast at €475m, with total operating proceeds expected at €555m.
EBITDA guidance for the year is €105m–€115m; net profit is expected to be between €-5m and €5m.
No changes to the forecast or risk assessment compared to the previous annual report.
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Next Borussia Dortmund earnings date
Q3 202615 May, 2026
Borussia Dortmund
Next Borussia Dortmund earnings date
Q3 202615 May, 2026
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Frequently asked questions
Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, commonly known as Borussia Dortmund or BVB, is a professional sports club based in Dortmund, Germany. Primarily known for its football team, Borussia Dortmund competes in the Bundesliga, Germany's top-tier football league. The company is headquartered in Dortmund, Germany, and its shares are listed on the Frankfurt Stock Exchange.
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