From a sporting perspective, the 2023/2024 season was disappointing for the Ajax 1 men's team. The team finished third in the UEFA Europa League group stage, and their European campaign ended after the Round of 16 of the UEFA Conference League. In the Eredivisie, Ajax finished fifth, securing a place in the second qualifying round of the UEFA Europa League for the 2024/2025 season.
The Ajax 1 women's team had a more successful season. They qualified for the group stage of the UEFA Champions League and reached the quarter-finals as group winners. In the Eredivisie, Ajax finished in second place. The season was crowned with a trophy after winning the Dutch Cup.
Key Figures
- Net turnover decreased by € 44.4 million (23%) to € 152.0 million, mainly due to lower European bonuses and reduced merchandise sales.
- Expenses decreased by € 11.4 million to € 191.3 million (6%) due to a reduction in player salaries and lower procurement costs resulting from decreased merchandise sales.
- The operational loss for this financial year amounted to € 39.3 million, compared to € 6.4 million in 2022/2023.
- Transfer revenue amounted to € 81.5 million, mainly driven by the transfers of Mohammed Kudus and Edson Álvarez to West Ham United and Jurriën Timber to Arsenal. After amortising compensation fees, the net transfer result amounted to € 31.3 million.
- The net loss was € 9.8 million. In the 2022/2023 season, the net profit was € 39.0 million.
- After accounting for the negative result of € 9.8 million, the equity stands at € 226.4 million.
Ajax expects a negative result after taxes for the 2024/2025 season. This is due to the current cost structure in relation to participation in the UEFA Europa League on the one hand and the realised transfer results so far on the other. In the interest of long-term financial health, additional structural cost reductions are being implemented this season.
The following financial overview relates to the period from July 1, 2023, to June 30, 2024, and is compared to the period from July 1, 2022 to June 30, 2023.
Explanation
The complete annual financial report as of June 30, 2024, including the notes to the annual accounts, can be found at ajax.nl.
Amsterdam, September 26, 2024
This press release has been prepared based on the 2023/2024 annual report of AFC Ajax NV.
PricewaterhouseCoopers Accountants N.V. issued an unqualified audit opinion on 25 September 2024 for the 2023/2024 annual accounts included in this annual report. The General Meeting of Shareholders (GMS) has yet to approve the annual accounts.
General Meeting of Shareholders
The invitation to attend the GMS will be issued no later than the forty-second day before the meeting via an announcement on the company's website (www.ajax.nl). The GMS will be held on December 16, 2024, at 10:00 AM.