Net profit of 18 million euros

On Thursday, February 29th, Sport Lisboa e Benfica - Futebol, SAD notified the Portuguese Securities Market Commission (CMVM) Annual Report for the first half of the 2023/24 financial year. The net profit for the period amounted to 18 million euros, an improvement of 31.4 million euros compared to the same period in 2022/23.

Operating income (excluding player rights transactions) amounted to 106.4 million euros, down 4.6% on the 111.5 million euros posted in the same period last year. This figure corresponds to the second-best record achieved by Benfica SAD in the first half of the year, with the growth of 25.6% and 5.7% in income from commercials and matchday, respectively, standing out.

Total income amounted to 180.4 million euros, up 41.8% on the 127.3 million euros recorded in the same period last year. This variation is explained by the increase in income from transactions involving athletes' rights, which amounted to 68.3 million euros in the first half of the year, an increase of 453% on the 12.3 million euros recorded in the same period last year.

In turn, assets amount to 573.4 million euros, reflecting an increase of 2.8% compared to the end of the previous year, when they amounted to 557.8 million euros. This variation is mainly explained by the increase in the balance of the accounts receivable and other debtors and intangible assets - soccer squad - headings, and by the decrease in the cash and cash equivalents heading.

Liabilities amounted to 442.2 million euros, a decrease of 0.6% compared to the end of the previous year, with a notable decrease in other non-current liabilities and suppliers and other current creditors.

Shareholders' equity amounts to 131.3 million euros, which represents an increase of 15.9% compared to the 113.2 million euros presented on June 30, 2023, and this positive variation is justified by the net result of this semester.

The value of equity as of December 31, 2023, continues to be a positive indicator of the Company's economic performance and stability in recent years, which has recovered an accumulated value of 155 million euros since June 30, 2013.

MAIN HIGHLIGHTS

• A return to positive results in the first half of the year.

• A very solid economic situation, with equity of over 131 million euros.

• Growth in the commercial and matchday areas, expressing a large number of fans.

• Assets to grow in view of the increase in value of the squad.

• Growth in total income to over 180 million euros, with a strong increase compared to the same period last year.