PARKEN Sport & Entertainment (PARKEN) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was DKK 254.3 million, up DKK 1.8 million year-over-year, with football operations outperforming 2024 and Lalandia underperforming due to Easter timing.

• Net loss for the period was DKK -57.6 million, compared to DKK -26.4 million in Q1 2024, mainly due to higher costs and lower transfer results.

• F.C. København hosted six matches, including sold-out UEFA and national team games; Lalandia saw about 400,000 overnight stays, slightly down due to holiday shifts.

• Construction of 141 new holiday apartments and a 2,000 m2 activity center in Søndervig is progressing, with the first units to be handed over in May.

• A new five-year energy partnership with Andel was established, and a new agreement with DBU secures national matches in Parken until summer 2028.

Financial highlights

• Revenue: DKK 254.3 million (Q1 2024: DKK 252.4 million).

• Operating loss before amortization and transfers: DKK -36.0 million (Q1 2024: DKK -13.1 million).

• Net loss: DKK -57.6 million (Q1 2024: DKK -26.4 million).

• Net interest-bearing debt: DKK 1,234.2 million, up DKK 64.1 million from year-end 2024.

• Cash flow from operations: DKK 0.5 million (Q1 2024: DKK -15.5 million); total cash flow: DKK 12.5 million (Q1 2024: DKK -91.1 million).

Outlook and guidance

• Full-year 2025 guidance maintained: revenue of DKK 1,600–1,700 million and pre-tax profit of DKK 100–150 million, assuming F.C. København qualifies for and participates in the UEFA Europa League League Phase.