Revealed: Losses and revenue grow in Walsall FC accounts
Walsall have reported a loss of £1.968 million but have increased revenue by £1.5 million after releasing their latest financial accounts for 2024-25.
The latest loss posted by the club is a £185,000 increase from 2023-24, which saw the Saddlers register a deficit of £1.738 million.
Trivela have stated that the loss includes a significant amount of depreciation and amortisation - equating to £459,000.
That is primarily related to the acquisition of the Bescot Stadium and non-cash impacting interest accruals on money invested by Trivela.
Revenue increases
However, revenue has risen from £6.639m to £8.226 million from the 2023-24 season - a total increase of £1.487 million.
The Saddlers' participation in the League Two play-offs and a rise in home attendances has also been reflected in the financial report, with gate receipts rising from £1.337m to £1.971m.
Money earned from television dropped by £75,000 and there was also a separate loss of £50,000 from income via iFollow, which reduced when the new EFL deal with Sky came into effect at the start of last season.
Walsall also received an extra £289,000 from the EFL and Premier League central funding and an income of £245,000 from The Locker in its first full season of operation.
Walsall post transfer profit
Player sales and compensation income was £119,500 with a total of £68,000 paid in transfer fees and compensation for incoming players.
Isaac Hutchinson was sold to Bristol Rovers in the summer of 2024, while Walsall received compensation package for goalkeeper Jackson Smith following his switch to Barnsley at the end of his deal.
Walsall paid transfer fees for David Okagbue and Levi Amantchi, who have since been sold, and also agreed a compensation package with AFC Fylde for Connor Barrett.
Sustainability is key - club statement
Meanwhile, operating income (EBITDA - earning before interest, taxes, depreciation and amortization) saw a loss of £878,000, which is a marginal improvement on the previous year (£914,000).
A club statement read: "As articulated last year, with Trivela Group UK owning the majority of the equity of the Football Club, the use of debt injection to make these investments (as opposed to equity) is merely a function of simplicity and practicality.
"Throughout the year we continued our strategy of investing in the football department, in facilities, in supporter experience and in personnel.
"Whilst also navigating the challenging external economic conditions faced by all businesses operating in the UK. All of this is also set against the backdrop of significant cost inflation across English football.
"Moving forward, one of our key objectives is to run the Club in a sustainable and responsible way and we are very confident that our strategic investments have grown our capacity to generate additional revenue and deliver cost savings in the short, medium and long term.
