Overview
- The club’s board approved the 2025–26 accounts on July 28, showing operating revenue of €1.221 billion excluding transfer income and an EBITDA of about €287.4 million.
- Real reported a net profit after tax of roughly €26.3 million, marking another consecutive profitable year while keeping squad costs at about 46% of revenue.
- Stadium income rose strongly as the renovated Santiago Bernabéu generated €363 million, and marketing and sponsorship revenues grew on renewed and new partner deals.
- Journalistic analyses say more than €110 million of this summer’s transfer funding came from academy sell‑on and buy‑back clauses rather than large new player sales, allowing active recruitment including a reported agreement for Yan Diomandé.
- Since 2018–19 revenue has climbed about 61% with 93% of that growth from club‑controlled businesses, a trend that ties the Bernabéu project’s heavy upfront loan financing to longer‑term commercial returns.