Brisbane Broncos Limited (ASX:BBL) Announces 2024 Financial Results
Financial Performance
Brisbane Broncos Limited recorded a net profit after tax of $5.72 million for the year ended 31 December 2024, up from $5.63 million in 2023. Gross revenue grew by 8.5% to $81.57 million, driven by an 8.0% increase in operating revenue and a 5.6% rise in sponsorship revenue. Total membership, ticketing, corporate sales, and game day revenue surged by 19.8% to $27.84 million, with home game attendance increasing by 18.0%. EBITDA slightly decreased to $8.39 million from $8.67 million in 2023.
Dividend Declaration
The Board declared a final dividend of two cents per share, fully franked, for the financial year ended 31 December 2024, up from one and a half cents the previous year.
Executive Comments
Chairman Karl Morris AO commented, “2024 was a positive year for the Brisbane Broncos off the field, including a record number of members. We are well positioned for a positive future both on and off the field, guided by careful planning by the Board, our CEO Dave Donaghy and his team.”
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