S.S. Lazio (SSL) H2 2024 earnings summary

Executive summary

• Revenue reached €195.5M for FY 2023/24, up 31.5% year-over-year, mainly due to Champions League participation.

• Net profit was €38.5M, reversing a €29.5M loss from the previous year.

• Operating income rose to €44.2M from a €22.8M loss year-over-year.

• Significant player trading activity generated €40.9M in net gains.

Financial highlights

• Broadcasting revenue increased to €142.1M from €102.0M year-over-year.

• Personnel costs rose to €116.6M, up €6.6M due to higher bonuses for sporting results.

• Operating costs (excluding D&A) were €153.5M, up €8.9M year-over-year.

• Net financial debt improved to €38.1M from €48.2M year-over-year.

• Cash flow from operations was €14.8M, up from €-1.3M prior year.

Outlook and guidance

• European competition participation and player sales are expected to support financial equilibrium in the short to medium term.

• Focus on squad renewal, lowering average age, and asset value enhancement.