Full Year Statutory Accounts

Open PDF
Stock Brisbane Broncos Ltd (BBL.ASX)
Release Time 18 Feb 2025, 4:12 p.m.
Price Sensitive Yes
 Brisbane Broncos Reports 2024 Financial Results
Key Points
  • Net profit after tax of $5.72 million, up 1.6% from 2023
  • EBITDA decreased from $8.67 million in 2023 to $8.39 million in 2024
  • Gross revenue increased 8.5% to $81.57 million
Full Summary

Brisbane Broncos Limited reported a net profit after tax of $5.72 million for the 2024 financial year, up 1.6% from $5.63 million in 2023. Profit before tax for the 2024 and 2023 financial years were $8.39 million and $8.31 million respectively. EBITDA decreased from $8.67 million in 2023 to $8.39 million in 2024. The financial result was achieved despite the NRL team not competing in the 2024 finals series, compared to the 2023 season when the NRL team reached the NRL Premiership Grand Final. With the NRL team remaining in contention for the finals for the majority of the 2024 season, this saw an increase in the commercial and consumer result, through average crowds, memberships, ticketing, merchandise and corporate sales. Interest revenue also increased during the year. Game day and stadium operating costs increased with the growth in crowds and consumer activity. Investments were made across marketing, brand, and data and technology in the 2024 year. The Group recorded gross revenue for the 2024 financial year of $81.57 million, an 8.5% increase on 2023. Operating revenue increased 8.0%, while non-operating income increased to $1.34 million from $945,850 in 2023. Sponsorship revenue increased 5.6%, reflecting extended partnerships and the Group's ability to deliver contractual game day benefits. Total membership, ticketing, corporate sales and game day revenue increased 19.8% to $27.84 million. Home game attendance increased 18.0%, with crowds averaging 39,873. Total 2024 membership numbers increased to 61,280.