AGF (AGF) H2 23/24 earnings summary

Executive summary

• Achieved record pre-tax profit of DKK 75.6m for 2023/24, driven by strong transfer income and increased sponsorships.

• Revenue rose to DKK 185.6m, up from DKK 178.1m year-over-year, with growth in sponsorship, ticketing, and event income.

• Net income reached DKK 59.4m, a significant increase from DKK 22.4m in 2022/23.

• Equity increased to DKK 225.6m, and the company maintains a solid liquidity reserve of DKK 85m.

• Sports performance included a 5th place in the Superliga, a cup final appearance, and historic transfer sales.

Financial highlights

• Net revenue: DKK 185.6m (up from DKK 178.1m year-over-year).

• Operating income: DKK 64.4m (up from DKK 10.8m year-over-year).

• Net income: DKK 59.4m (up from DKK 22.4m year-over-year).

• Cash flow from operations: DKK -2m (improved from DKK -8m year-over-year).

• Major transfer sales contributed DKK 122m in other operating income.

Outlook and guidance

• Guidance for 2024/25 is a pre-tax loss between DKK 20m and 40m, reflecting lower expected transfer income.