The negative variation in adjusted EBITDA between 2023 and 2024 is mainly explained by the absence of an extraordinary revenue recorded in the previous year. This revenue came from the negotiation of 20% of the club’s future commercial rights, a one-off move in the context of the creation of the Liga Forte União (LFU). It is crucial to understand that this was a non-recurring revenue, which makes a direct comparison between the two years less representative of the ongoing operational performance, the club explains. The club continues to highlight that this non-recurring revenue had a significant impact on the financial results of the current year. Despite the losses, the club remains focused on implementing strategies to improve its financial health and performance in the coming years. The delayed publication of the financial statement raised concerns among stakeholders, but the club assured that steps are being taken to ensure more timely reporting in the future. The detailed breakdown of revenues and expenses in the financial statement provides transparency into the club’s financial activities and decisions. The club’s commitment to financial transparency and accountability is essential for maintaining trust and credibility with its fans and partners. The publication of the financial statement serves as a critical tool for stakeholders to assess the club’s financial stability and management practices.
