Juventus have placed another loss on the balance sheet, but the club’s latest accounts also set out the route it intends to take through a demanding financial phase. The board approved a €66 million deficit for 2025-26 and will ask shareholders on 3 November to authorise a €250 million capital increase.
A further loss, with a longer rebuilding plan
The 2025-26 result represents Juventus’ ninth consecutive financial year in the red. It follows a €58 million loss in 2024-25, while a negative outcome for the latest season had already been anticipated.
The proposed capital increase is intended to reinforce the club’s equity base and preserve its ability to compete on the sporting side. Juventus also identified investment in strategic property assets, above all the Allianz Stadium, as part of the plan, alongside brand development and longer-term financial sustainability.
- The Juventus board approved the 2025-26 accounts, recording a loss of €66 million.
- The directors decided to put a €250 million share issue before the shareholders’ meeting scheduled for 3 November.
- Majority shareholder Exor confirmed that it will subscribe for its portion of the increase and will immediately provide €60 million as an advance payment.
Costs reduced as revenue and debt arrangements improve
Despite the latest deficit, Juventus reported a €42 million reduction in operating costs without reducing investment intended to protect the team’s competitiveness.
Sponsorship income has returned to a stable level above €120 million. The club also pointed to a more balanced debt profile following the issue of a 12-year, €150 million bond.
Those steps do not remove the pressure created by the current campaign’s absence from the Champions League. Juventus have revised their business plan and now expect another negative result in 2026-27, principally because they are not taking part in Europe’s leading club competition this season.
The forecasts nevertheless envisage gradual improvement over the following two financial years. For Juventus, the capital increase is therefore not simply an answer to one set of accounts: it is part of a wider attempt to give the club room to protect its sporting ambitions while restoring stability away from Sunday afternoons.
