FIBA financial report: Lower revenue and profits recorded

FIBA has released its financial report for 2024, revealing a clear decline in both revenue and profit compared to 2023.

The downturn largely reflects the absence of a major event like the 2023 FIBA Basketball World Cup, which significantly boosted earnings in the previous year.

Income Statement

The financial year 2024 is closing with a net profit of CHF 5.2 million (€5.5 million)  compared to a net profit of CHF 7.4 million (€7.9 million) in 2023, which provide FIBA with a solid basis to address a challenging year 2026.

Main deviations in both revenue and expenses are essentially explained by the fact that 2023 was the year of the FIBA Basketball World Cup 2023 (FBWC 2023) taking place in the Philippines, Japan and Indonesia.

On the revenue side, the financial year 2024 is closing with a total of CHF 110.7 million (€118.2 million) compared to CHF 138.5 million (€147.9 million) in 2023, a variance of CHF -27.8m (€29.7 million) (-20.1%).

On the expenses side, the financial year 2024 is closing with a total of CHF 103.4 million (€110.4 million) compared to CHF 120.4 million (€128.6 million) in 2023, a variance of CHF 17.0 million (€18.2 million) (+14.1%).

Balance sheet

At the end of 2024, FIBA’s balance sheet remains strong with a total cash and cash equivalents of CHF 106.6 million (€113.8 million), thereof CHF 22.7 million (€24.2 million) are in relation with our FIBA Media and FIBA Marketing partnership and restricted, compared to CHF 99.3 million (€106 million) at the end of 2023, including CHF 30.5 million (€32.5 million) restricted.

With a total equity of CHF 59.2 million (€63.2 million) at the end of 2023 and a net profit of CHF 5.2 million (€5.5 million) generated in 2024, the total FIBA Consolidated equity close the year 2024 with CHF 64.4 million (€68.8 million).

You can find the full FIBA financial statement here:

FIBA Annual Report 2024