FC Porto SAD recorded a loss of EUR 26.3 million in the financial year 2025/26, after a record profit of 39.2 million in the previous season, according to the statement released today.
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08/10/2026
by
Lusa
A FC Porto SAD recorded a loss of EUR 26.3 million (ME) in the financial year 2025/26, after the record profit of 39.2 ME reached in the previous season, today announced port company.
According to the consolidated results reported by the ‘blues and whites’, SAD returned to negative results at a time marked by the absence of the League of Football Champions and the commitment to the maintenance of the main players of the squad.
The company led by André Villas-Boas justified the loss by participating in the Europa League, whose revenues were not compensated by the results of football pass transactions, which remained at 55.9 ME.
Despite the return to negative results, SAD pointed out that the accumulated balance of the last two years remains positive at 12.5 ME, considering the results attributable to the capital holders of the parent company, at a time when FC Porto did not participate in the Champions League.
Operating income, excluding player transactions, reached 150,3 ME, virtually unchanged compared to 149,5 ME from the previous time, although there was a 13% growth, equivalent to 17.8 ME, by excluding the revenues from the 2025 Club World Cup.
On the contrary, operating costs, also without counting football passes, increased 22%, by 147.1 ME to 180 ME, mainly due to the investment in the squad and the growth of the activity, including a greater number of games held at Dragon Stadium.
Consequently, the operating result excluding player transactions went from a positive value of 2,44 ME in 2024/25 to a loss of 29,7 ME last season, a deterioration of approximately 32.2 ME.
FC Porto invested around 110 ME in contracts during the summer market of 2025, the largest amount ever in a single transfer window, with the investment in final acquisitions reaching approximately 120 ME over the period, including the winter market.
SAD also recorded gains of 23,96 ME with the sale of subsidiaries, including a capital increase of 9.2 ME with the sale of Porto Seguro to MDS, which contributed to a positive consolidated operational result of 2.63 ME, before financial results, related to investments and taxes.
In the consolidated balance sheet, the asset increased by 3% to 523 ME, while liabilities increased by 6% to 552.7 ME, with equity aggravating by 10.46 ME negative for 29.67 ME negative.
Despite this worsening, the port company stressed the reduction of the financial debt settled on 29 ME compared to 30 June 2025, adding that the debt was structured at longer deadlines and at a lower average cost.
On the commercial level, merchandising revenues grew by 31%, to a maximum of 14.5 ME, while the Biletics increased by 33%, to 18.1 ME, also a record, and the corporate hospitality activity reached 11.5 ME.
The administration also highlighted the growth of 8% of advertising and sponsorship revenues, the marketing of 31,665 annual posts, which exhausted for the first time, and the increase of the associative base to a maximum of 180,470 members.
The press release further notes that the market value of the squad reached 471 ME compared to 392 ME ME recorded in 2025, in what SAD considers to be the highest ever value of the club and Portuguese football.
Sportsly, the exercise of 2025/26 was marked by the conquest of the 31st national football title, the clearance for the Champions League of 2026/27, the presence in the half-finals of the Cup of Portugal and the arrival in the final rooms of the Liga Europa.
Finally, Portist society stressed full compliance with UEFA's financial sustainability rules in 2025/26, in an exercise in which FC Porto also won the national championships of under-19, under-17 and under-15 and ensured the promotion of women's team to the I League.
The president, André Villas-Boas, and the financial director, José Pereira da Costa, will hold on Friday, from 09:00 a press conference presenting the results of FC Porto now released.