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S.S. Lazio (SSL) investor relations material
S.S. Lazio H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net loss of €20.37 million for the semester ended 31 December 2025, mainly due to lower revenues from non-participation in European competitions and a blocked summer transfer campaign.
Consolidated turnover was €51.83 million, down €25.32 million year-over-year, primarily from the absence of European competition income.
Operating costs increased by €3.95 million, mainly due to higher personnel expenses and amortization of sports rights.
Financial highlights
Revenue for the semester: €51.97 million, down from €78.33 million year-over-year.
Operating costs: €90.96 million, up from €87.01 million year-over-year.
EBITDA: -€17.51 million (vs. €8.64 million prior year).
Net financial position: negative €111.31 million, increased by €45.01 million from June 2025.
Equity: €103.21 million, up €120.04 million due to a €140.41 million revaluation reserve from the adoption of the Revaluation Model for land and buildings.
Cash flow from operations: -€13.99 million.
Outlook and guidance
Winter transfer session and squad restructuring expected to support financial commitments over the next 12 months.
Cash flows from operations and asset valorization are expected to maintain economic-financial equilibrium.
- Sharp revenue decline and net loss driven by lower European income and regulatory constraints.SSL
H2 202529 Sep 2025 - Net profit of €38.5M and revenue up 31.5% reflect Champions League impact.SSL
H2 202413 Jun 2025 - Sharp profit drop and revenue decline, but financial stability maintained.SSL
H1 20256 Jun 2025
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