Juventus Football Club (JUVE) H1 2025 earnings summary

Executive summary

• First half of 2024/2025 closed with a net profit of €16.9M, a €112M improvement year-over-year, mainly due to UEFA Champions League participation and cost rationalisation.

• Revenues rose 53% to €291.6M, driven by audiovisual rights, ticket sales, and player registration rights.

• Operating costs decreased by 5.9% to €193.4M, reflecting cost control and a new merchandising agreement.

Financial highlights

• Net income: €16.9M profit vs. €95.1M loss in H1 2023/2024.

• Revenues: €291.6M, up from €190.6M year-over-year.

• Operating income: €31.4M vs. €(82.7)M year-over-year.

• Net financial debt: €302.3M, up €59.5M since June 2024, mainly due to transfer investments.

• Shareholders’ equity: €57.1M, up €16.9M since June 2024.

Outlook and guidance

• Full-year operating result expected to be around break-even, a significant improvement over 2023/2024.

• Gradual improvement in economic and financial performance projected, with positive net result and cash flow targeted for 2026/2027.