According to the financial report submitted to the Securities Market Commission, for the fiscal year from June 30, 2024, to June 1, 2025, FC Porto reversed two consecutive years of negative results, which were 21 million euros in 2023/24 and 47.6 million euros in 2022/23.
“The 2024/2025 fiscal year should be seen as the start of a new cycle, aiming to be significantly more positive and successful. It was a year marked by particular circumstances, falling short of the sports expectations at FC Porto, except for winning the Cândido de Oliveira Super Cup, while also undergoing intense operational and financial restructuring,” noted André Villas-Boas, the club president and head of Porto’s SAD.
In the first year under the full responsibility of the current administration, the SAD reported operational results, excluding player transactions, of 2.44 million euros, after a loss of about two million euros in the comparable previous period.
Operational revenues, excluding player transfers, decreased by approximately 14% to 149.54 million euros this year, a season where the team was absent from the Champions League, leading to a negative impact of nearly 48 million euros in UEFA awards. Nonetheless, about 17 million euros from their participation in the Club World Cup helped mitigate this loss.
Expenses, excluding player transfers, totaled 147.1 million euros, a drop of 29.36 million euros (around 17%) compared to the 2023/24 season. Significant contributions to this reduction came from decreased spending on supplies and external services, by about 10 million euros, and a 7.48 million euros cut in personnel costs.
The results from player transfer transactions were critical, showing a positive balance of 100.44 million euros, driving the recorded profit. FC Porto achieved sales of 171.52 million euros: Nico González to Manchester City brought in 60 million euros, Galeno to Al-Ahli 50 million euros, and Evanilson to Bournemouth 37 million euros, among other lesser transactions.
The assets, amounting to 508 million euros, reflect a global increase of roughly 101 million euros compared to June 2024, whereas the total liabilities registered a slight decrease of approximately one million euros, settling at 519 million euros. However, the restructuring of liabilities, highlighted by a reduction of 117 million euros in current liabilities, allowed the SAD to ease the cash flow constraints it faced.
Thus, the equity value reached negative 10.458 million euros, an improvement of 103.3 million euros compared to the same period last year, significantly driven by the sale of 35% of the economic rights of Porto StadCo, the company that commercially exploits Estádio do Dragão, aside from the incorporation of the net profit achieved.
Excluded from the financial report, which accounts only up to the end of June, are the player acquisitions made by FC Porto in the summer market, marking the largest investment offseason in the history of the ‘Azuis e Brancos’, with a total cost exceeding 111 million euros.
“This restructuring, coupled with the very significant results from player transactions, allowed FC Porto – Futebol, SAD to present the highest net result in its history and fully comply with UEFA’s financial sustainability rules for the 2024/2025 fiscal year. We significantly reduced the impact of prior non-compliance and created conditions for sustainable investment in the main football team, which began the 2025/2026 season with renewed ambitions,” concluded André Villas-Boas.
