Real Madrid CF is navigating a challenging fiscal period. According to interim financial statements for the first half of the 2025-2026 season, the Spanish football giant has seen its net profit fall to just €5.2 million, a staggering 80% decrease compared to the €29.4 million recorded during the same period in the previous year.
Financial Performance Overview
Despite the significant drop in bottom-line profit, the club’s total revenue has remained relatively stable, experiencing only a 3% decline to €571.2 million.
Revenue Breakdown:
- Marketing: €223.8 million
- Membership & Stadium: €152 million
- Competitions: €114.1 million
- Broadcasting Rights: €81.2 million
The club attributed the performance in ticketing and competitions to the FIFA Club World Cup revenue, which helped offset the absence of summer friendly tours and specific tournament bonuses.
Cost Pressures and Debt
While operating expenses dropped by 20% to €167.3 million, the club faced significant pressure elsewhere:
- Personnel Costs: Rose by nearly 16%, reaching €277.5 million.
- Amortization: Increased by 25%, exceeding €100,000 for the period.
- Total Debt: The club closed the first half of the season with approximately €1.5 billion in total debt (€1.26 billion long-term; €310 million short-term).
Divisional Performance (EBIT)
The club’s profitability is uneven across its various divisions:
| Division | EBIT Result |
| Men’s First Team | €41.2 million |
| Men’s Academy | €5.32 million |
| Women’s First Team | €1.6 million |
| Women’s Academy | Deficit of €1.39 million |
| Basketball | Deficit of €17.5 million |