Eagle Football Group (EFG) H1 25/26 earnings summary

Executive summary

• Interim financial statements publication postponed due to administration of majority shareholder Eagle Bidco and ongoing audit review.

• Day-to-day operations and governance remain unaffected by Eagle Bidco's administration.

• The club is actively working to strengthen its financial position and clarify commitments with financial partners.

Financial highlights

• Total operating revenue for H1 2025/26 rose 3% year-over-year to €121.3 million, driven by strong player trading (+30%, €45.3 million).

• Non-player trading revenue declined by €6.9 million, mainly due to lower Ligue 1 TV rights and fewer major events.

• Ticketing revenue increased by €4.4 million (+25%) to €22.2 million, aided by more home matches and a change in hospitality revenue recognition.

• Media & marketing rights fell by €4.1 million (-15%) due to early termination of the DAZN/LFP contract.

• Sponsoring and advertising revenue remained stable at €14.7 million (-2%).

• Brand-related revenue grew 2% to €12.8 million, with strong retail sales.

• Events revenue dropped 67% to €3.5 million, reflecting fewer major events.

Outlook and guidance

• The club is currently 4th in Ligue 1 and on track for Champions League qualification for 2026/27.

• Ongoing efforts to finalize and publish financial statements as soon as possible.