Hertha BSC Reports Positive Operating Result and Improved Financial Performance for 2024/25.

Roger Hampel

Image: City Press/Hertha BSC

Hertha BSC has released its financial statements for the 2024/25 fiscal year, reporting a positive operating result (EBITDA) for the second consecutive year. The figures confirm the continued progress of the club’s financial stabilization plan, implemented through comprehensive restructuring and cost-reduction measures.

Improved Annual Result and Cost Control Hertha BSC

The club posted a net annual result of -€15.56 million, representing a €17.77 million improvement compared to the previous financial year. Hertha attributed this improvement to effective cost management and a significant reduction in operating expenses, which fell by €4 million year-on-year.

The 2024/25 result was impacted by non-cash charges totaling €10.82 million related to historical depreciation and write-downs, which did not affect liquidity.

After taking into account financial income and expenses (€4.5 million), income transfer obligations (€265,000), and other taxes (€4,000), Hertha BSC reported an operating profit of €33,000. This marks the second consecutive year in which the club achieved a positive operational result.

Debt Reduction and Strengthened Balance Sheet

Hertha’s total liabilities decreased by €5.7 million to €51.1 million, reflecting progress in debt reduction. The club’s interest-bearing liabilities consist mainly of an existing €40 million bond, which was recently extended by three years to November 2028 following a successful investor approval.

At the same time, Hertha announced a bond buyback program of up to €20 million, set to begin on November 10, 2025.

The club’s net financial debt is now below €30 million, supported by €12.9 million in cash and €16.1 million in receivables and other assets.

Asset Base and Squad Valuation

The book value of the player roster is recorded at €2.3 million in the club’s fixed assets. However, based on market valuations, Hertha’s squad value exceeds €40.5 million, indicating substantial hidden reserves that strengthen the club’s balance sheet position.

The negative equity stands at €38.4 million, but the club emphasized that ongoing operational improvements and reduced debt levels provide a strong foundation for long-term financial recovery.

Management Outlook

Hertha’s Managing Director Ralf Huschen described the 2024/25 results as evidence of the club’s sustainable recovery:

“The positive operating result is a clear indication that we are on the right path financially. Over the past years, we have implemented extensive restructuring measures, which are now showing tangible results. Despite challenging market conditions, we managed to further reduce expenses and significantly improve the annual result.”

Huschen confirmed that Hertha BSC will continue its strategy of economic consolidation while simultaneously pursuing sporting and structural development goals.