S.S. Lazio (SSL) H1 2025 earnings summary

Executive summary

• Net profit of €0.60 million for the half-year ended 31 December 2024, down from €40.07 million year-over-year, mainly due to lower revenues from European competitions.

• Consolidated revenues at €77.14 million, a decrease of €41.69 million compared to the same period last year, reflecting reduced TV and matchday income.

• Operating costs decreased by €10.25 million, primarily from lower personnel expenses.

• Net financial debt increased by €10.40 million to €48.52 million, mainly due to reduced cash balances.

• Equity remains positive at €0.99 million.

Financial highlights

• Revenues: €77.14 million (down from €118.83 million year-over-year).

• Operating income: €8.64 million (down from €42.49 million year-over-year).

• Net profit: €0.60 million (down from €40.07 million year-over-year).

• EBITDA margin: 11.2% (down from 35.8% year-over-year).

• Net financial debt: €48.52 million (up from €38.12 million at 30 June 2024).

Outlook and guidance

• Management expects to meet financial obligations over the next 12 months, leveraging operating cash flows and asset sales.

• No material uncertainties identified regarding going concern.