Cádiz CF is set to move forward with a €7.2 million capital increase, pending shareholder approval at a general meeting scheduled for May 8 (or May 9 on second call) at the club’s stadium.
The proposed operation will be executed through a debt-to-equity conversion, targeting creditors linked to shares issued during the club’s 2020 capital increase. The structure includes €3 million in share capital and an additional €4.2 million in share premium.
Structure and pricing of the deal
The club has set the subscription price at €1 per share, with a €1.4 premium attached to each unit. Cádiz CF has also indicated that the process may proceed under a “partial subscription” model, allowing the capital increase to go through even if not fully subscribed.
Improved results, lower budget outlook
The move comes after Cádiz reported a net profit of €1.6 million for the 2024–2025 season—more than triple the €490,000 recorded the previous year.
Despite the improved profitability, the club has reduced its budget for the 2025–2026 season to €26.8 million, a significant drop compared to revenues of over €62 million reported as of June 2024.
Tech venture adds complexity
Part of Cádiz’s broader business ecosystem includes Nomadar Corporation, its technology subsidiary. The company generated approximately $921,940 in revenue in 2025 but posted losses exceeding $2.7 million.
Club executives have framed the results as part of a long-term growth strategy, highlighting ongoing investment, operational development, and a multi-year process that recently culminated in a public listing.
Strategic balancing act
The planned capital increase reflects a broader effort by Cádiz CF to rebalance its financial structure—converting debt into equity while maintaining operational flexibility.
As the club navigates a lower-revenue environment and continues investing in adjacent business ventures, the outcome of the May vote will play a key role in shaping its financial trajectory.