S.S. Lazio (SSL) H2 2026 earnings summary

Executive summary

• Personnel costs increased due to higher fixed costs for players, technical staff, and performance bonuses linked to sporting results.

• Net financial charges rose due to greater financial exposure during the period.

• The adoption of the IAS 16 Revaluation Model led to a significant increase in fixed assets and reserves.

• The company obtained UEFA licenses for both men's and women's teams for the 2026/27 season.

• A consensual resolution of the main sponsorship agreement resulted in full payment of the sponsorship fee for 2026/27.

Financial highlights

• Total revenues for 2025/26 were €134.5 million, down from €146.0 million year-over-year.

• Operating costs increased to €187.4 million from €174.0 million year-over-year.

• Net loss for the year was €10.0 million, an improvement from a €17.2 million loss in the previous year.

• Significant capital gain from player sales: €39.3 million, up from €11.5 million year-over-year.

• Comprehensive income for the year was €130.4 million, mainly due to the asset revaluation.

Outlook and guidance

• Despite partial transfer market restrictions, the club continued its squad rejuvenation and expects to maintain financial equilibrium through player sales, youth promotions, new sponsorships, and international competition revenues.