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🔵🇺🇸 #FENER | Fenerbahce Footbal 2025/9 Earnings Analysis


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• Net Period Profit: The Group achieved a net profit of 37,655,270 TL for the six-month interim period ending November 30, 2025. In the same period of the previous year, this figure was recorded as a profit of 802,471,868 TL.

• Revenue Growth: Total revenue increased from 4,744,136,871 TL in the same period of the previous year to 5,787,856,362 TL.

• Equity Status: Total equity improved from negative 1,340,922,256 TL as of May 31, 2025, to negative 200,644,080 TL, driven by the capital increase and period profit.

• Capital Increase: In August 2025, the company increased its paid-in capital from 250 million TL to 1.25 billion TL. Additionally, a decision for a new rights issue to increase the capital to 6.25 billion TL has been made.

• Management Change: Following the Extraordinary General Assembly on September 20-21, 2025, S. Sadettin Saran was appointed as the Chairman of the Board, succeeding Yıldırım Ali Koç.

• Transfer Activities: High-profile players such as Milan Skriniar, Ederson, Marco Asensio, and Muhammed Kerem Aktürkoğlu were transferred during the period. Domenico Tedesco was appointed as the head coach.

• Auditor's Opinion: The independent auditor, BDO, issued a qualified opinion due to uncertainties regarding the recoverability of 4.64 billion TL in the "Other Receivables from Related Parties" account.

• Going Concern: It was noted that an uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern, as current liabilities exceed current assets (excluding related party receivables) by approximately 10.73 billion TL.

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