The Juventus board of directors has approved the half-yearly financial report ending December 31, 2024, revealing a remarkable improvement in the club’s financial position. The Turin-based football giant posted a profit of 16.9 million euros, a stark contrast to the 95.1 million euro loss recorded in the same period of the previous year. This turnaround marks a significant milestone for Juventus, especially considering that the 2023-24 fiscal year had closed with a staggering 199 million euro deficit.
While mid-year financial data in the football industry is typically viewed with caution due to the sector’s seasonality, this interim report confirms what many had anticipated: Juventus’ return to the Champions League, coupled with ongoing cost-saving measures and capital gains from young talent sales, was set to substantially improve the club’s economic outlook for the 2024-25 fiscal year.
The first half of the current fiscal year saw revenues, excluding player trading, soar from 173.3 million to 224.2 million euros. This impressive growth was largely attributed to 64.1 million euros in UEFA prize money. However, it’s worth noting that sponsorship income decreased from 66.4 million to 48.2 million euros, primarily due to the absence of a main sponsor following Jeep’s departure.
On the expense side, operating costs fell from 205.5 million to 193.4 million euros, with a significant 19.5 million euro reduction in salary expenses. Player trading revenues also saw a substantial increase, reaching 67.4 million euros compared to 17.3 million in the previous year’s half-yearly report.
Looking ahead, Juventus’ management anticipates a “significant improvement” in results for the fiscal year ending June 30, 2025, compared to the 2023-24 period. The club aims to limit losses to no more than 32 million euros. This target is crucial given that Juventus FC’s net equity stood at 42 million euros as of June 30, 2024. To avoid mandatory recapitalization, which is not part of the company’s plans, losses must not erode more than one-third of the share capital, equivalent to 15 million euros.
