Overview
- The NRL’s 2025 annual report records $845.6 million in revenue and a $64.8 million operating surplus.
- Net assets climbed to $387.3 million as distributions to clubs, players, states and development reached $562.3 million.
- Total viewership rose 9.5%, with the grand final attracting 4.55 million metro viewers across the biggest cities.
- Peter V’landys and Andrew Abdo are using the results to intensify negotiations on a post‑2027 broadcast deal.
- The league is pushing expansion to the Perth Bears in 2027 and PNG Chiefs in 2028 and extending its Las Vegas opener, while independent commentators warn of unresolved issues in women’s and international programs, agent oversight, gambling influence and concussion management.