Eagle Football Group (EFG) H2 24/25 earnings summary

Executive summary

• Publication of annual financial statements for 2024/2025 postponed pending external review of related party transactions.

• Management remains confident in meeting 2025/2026 objectives and commitments to stakeholders.

• Sporting results and summer transfer window support long-term financial and operational stability.

Significant events and developments

• €87 million loan granted by Eagle Football Holdings Bidco in July 2025, intended to be capitalized, with interest at SOFR + 8%.

• €30 million bank guarantee provided by YMK Holdings to OL SASU for additional requirements.

• DNCG confirmed Ligue 1 participation for 2025/2026, with new recruitment guidelines and payroll cap.

• Four-year UEFA settlement agreement signed, including a €12.5 million fixed penalty and up to €37.5 million in conditional penalties.

Outlook and guidance

• Anticipates a very significant loss for 2024/2025 due to high operating expenses, change in scope, and non-recurring revenues in 2023/2024.

• Payroll for 2025/2026 expected to decrease by around 40% due to cost rationalization and player trading.

• Club is on track for European qualification for the 2026/2027 season.