Board of Directors of F.C. Internazionale Milano S.p.A. approve consolidated financial statements as at 31 December 2023

MILANO, 26 March 2024 – The Board of Directors of F.C. Internazionale Milano S.p.A. held a meeting today: on the agenda was the approval of the Group's consolidated half-yearly financial statements for the period between 1 July 2023 and 31 December 2023.

Chaired by President Steven Zhang, who was present via video link from Nanjing, the meeting saw the Board approve the financial results for the first half of the current season. A consolidated net profit of 22.3 million euros was recorded, as compared to a net loss of 63.5 million euros for the previous year - an increase of 85.8 million euros.

This result has been achieved thanks to an increase in revenue of 265.4 million euros, up 34.6% or 91.8 million euros compared to the same reporting period, accompanied by a substantial stabilisation of costs. The increase was driven by market operations during the 2023 summer transfer window, amounting to 41.7 million euros. In addition, the income generated by audiovisual rights and matchday revenues grew by a total of 29.4 million euros. Completing the picture is the increase in revenue from sponsorship agreements, mainly generated by the contract renewal with technical sponsor Nike and Jersey Sponsor Paramount+, and from the Club's retail & licensing division.

A conversion to equity shareholder loans of 76 million euros was previously carried out in September 2023. An additional conversion of 22 million euros - effective 31 March 2024 - is being undertaken today. During the current season, support from the majority shareholder has reached a total of 98 million euros.

FC Internazionale Milano expects to close the 2023-2024 financial year with an improved consolidated result compared to the previous season. The path of improvement of the Club's economic-financial situation, underpinned by a virtuous circle fuelled by positive results on and off the pitch, continues in a clearly defined way.