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🔵🇺🇸 #GSRAY | Galatasaray Sportive Industrial 2025/9 Earnings Analysis


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Below are the key highlights from the financial reports of Galatasaray Sportif A.Åž. for the year 2025 (interim period 01.06.2025 - 30.11.2025) based on the sources:

• Financial Performance and Profit/Loss Status: The Group reported a net profit of 1,374,247,435 TL for the six-month period ending November 30, 2025. Total revenue increased by approximately 60% compared to the same period of the previous year, reaching 9,657,863,373 TL. However, the company recorded an operating loss of 211,683,148 TL during this period.

• Capital Increase and Equity Structure: To strengthen its equity structure, the company increased its paid-in capital by 150% through a rights issue, reaching 13.5 billion TL. Due to this increase, the equity attributable to the parent company rose from 5.14 billion TL on May 31, 2025, to 15,348,443.532 TL.

• Liquidation of Bank Association Debt: On July 22, 2025, all loans and interests under the loan agreement known as the "Banks Association restructuring" were completely closed and settled.

• Independent Auditor's Opinion and Qualified Conclusion: The auditor's report issued a qualified conclusion due to uncertainties regarding the collectability of the non-commercial receivable of 6,440,479,383 TL from Galatasaray Spor Kulübü. Furthermore, it was noted that significant uncertainties exist regarding the going concern of the business, as short-term liabilities exceed current assets by 10,760,013.149 TL, alongside accumulated prior year losses.

• Significant Player Transfers: High-budget contracts were signed during the period with players such as Victor James Osimhen (€75 million transfer fee), Leroy Aziz Sane, Uğurcan Çakır, and İlkay Gündoğan (free transfer).

• Sponsorship and Marketing Revenues: The sponsorship agreement with Puma was extended until the 2035-2036 season, with the fixed payment amount revised to 83 million Euros for 10 seasons. Additionally, a new chest sponsorship agreement worth 10 million USD + VAT was signed with Pasifik Holding.

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