F.C. INTERNAZIONALE MILANO S.P.A. BOARD APPROVES 2024/25 FINANCIAL RESULTS

–The financial year closes with a profit of €35.4 million, marking an increase of €70 million compared to the previous season. The Club also achieved record revenues of €567 million, an increase of €94 million compared to the prior season, driven by an increase in domestic and international competitions and organic growth in commercial revenue.
—– MILANO, 29 September 2025 – The F.C. Internazionale Milano S.p.A. board of directors has approved the draft financial statements for the 2024/25 financial year during a meeting held today at the Club’s headquarters. The results will be reviewed and approved by the Shareholders at the AGM of F.C. Internazionale Milano S.p.A., which will be held in mid-October.

FURTHER REVENUE INCREASE AND FIRST PROFIT FOR 15 YEARS, DEMONSTRATING STRONG FINANCIAL
DISCIPLINE
The financial results for the 2024/25 season show revenues of €567 million, the highest ever and a record for
Serie A. This result is due to an increase in revenues from domestic and European competitions, as well as
participation in the first edition of the FIFA Club World Cup. At the same time, there was organic growth in
commercial revenues from sponsorships and matchdays.
The draft financial statements closed with a net profit of €35.4 million, compared to a loss of €35.7 million in
the previous financial year, with a net increase in the value of production of €70 million.
Production costs slightly increased by 3.8%, equal to approximately €18 million, to a total of 482 million.

REPAYMENT OF BONDS AND NEW LOAN AGREEMENT TO SUPPORT LONG-TERM FINANCIAL STABILITY
With regard to the Group’s financial expenses, it should be noted that during the financial year in question, the
previous senior secured bonds of Inter Media and Communication S.p.A. were repaid in full. Subsequently, Inter
secured a €350 million long-term loan for the Club, achieving an investment grade credit rating.
Compared to the previous bond, the lower amount and cost of capital obtained for the private placement
represents the Club’s commitment to long-term success and financial stability, reinforcing its recent
achievements both on and off the pitch.

OUTLOOK FOR THE CURRENT SEASON
The summer transfer window allowed Coach Cristian Chivu to strengthen his squad, focusing on new young
talent, which will form the backbone of the team for years to come. The transfers met the Club’s objective to
maintain high competitiveness while ensuring financial sustainability. The Ownership, funds managed by
Oaktree Capital Management, L.P., has also approved investment in the Club’s infrastructure, which includes a
circa €100 million investment in the training facilities, underlining its focus on building on recent momentum to
ensure a stronger foundation for the Club’s future.

At the end of the 2024/25 season, a ten-year partnership agreement was signed with Fanatics, the leading
operator in the sector, to expand the scope of merchandising and licensing globally. In addition, the Club
welcomed a new Global Automotive Partner, the BYD Group, a world leader in electric vehicle technology
and sustainable mobility.
As always, the Club will approach the season’s competitions with unwavering determination and ambition, whilst continuing its off-pitch growth in the same spirit.

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